Thursday, November 19, 2009

Fiscal Deficit

  • The difference between total revenue and total expenditure of the government is termed as fiscal deficit.
  • It is an indication of the total borrowings needed by the government.
  • While calculating the total revenue, borrowings are not included.
  • Generally, fiscal deficit takes place due to either revenue deficit or a major hike in capital expenditure.
  • A deficit is usually financed through borrowing from either the Central Bank of the country or raising money from capital markets by issuing different instruments like treasury bills and bonds.
  • A mismatch in the expected revenue and expenditure can result in revenue deficit.
  • Revenue deficit arises when the government’s actual net receipts is lower than the projected receipts.
  • A revenue deficit does not mean actual loss of revenue.

Saturday, November 7, 2009

Public Sector Banks in India

List of Public Sector Banks in India:

  • Allahabad Bank
  • Andhra Bank
  • Bank of Baroda
  • Bank of India
  • Bank of Maharashtra
  • Canara Bank
  • Central Bank of India
  • Corporation Bank
  • Dena Bank
  • Indian Bank
  • Indian Overseas Bank
  • Oriental Bank of Commerce
  • Punjab and Sind Bank
  • Punjab National Bank
  • Syndicate Bank
  • UCO Bank
  • Union Bank of India
  • United Bank of India
  • Vijaya Bank

All India Financial Institutions

List and abbreviations of All India Financial Institutions:

  • Industrial Development Bank of India (IDBI)
  • Industrial Finance Corporation of India (IFCI)
  • Export – Import Bank of India (Exim Bank)
  • Industrial Reconstruction Bank of India (IRBI). The new name is (Industrial Investment Bank of India)
  • National Bank for Agriculture and Rural Development (NABARD)
  • Small Industries Development Bank of India (SIDBI)
  • National Housing Bank (NHB)
  • Unit Trust of India (UTI)
  • Life Insurance Corporation of India (LIC)
  • General Insurance Corporation of India (GIC)
  • Risk Capital and Technology Finance Corporation Ltd. (RCTC)
  • Technology Development and Information Company of India Ltd.(TDICI)
  • Tourism Finance Corporation of India Ltd. (TFCI)
  • Shipping Credit and Investment Company of India Ltd. (SCICI)
  • Discount and Finance House of India Ltd. (DFHI)
  • Securities Trading Corporation of India Ltd. (STCI)
  • Power Finance Corporation Ltd.
  • Rural Electrification Corporation Ltd.
  • Indian Railways Finance Corporation Ltd.
  • Infrastructure Development Finance Co. Ltd.
  • Housing and Urban Development Corporation Ltd. (HUDCO)
  • Indian Renewable Energy Development Agency Ltd. (IREDA)