OBC, EWS Reservation in Medical Colleges under All India Quota (AIQ): Meaning and Working

The Modi government announced that it will provide 27% reservation for OBCs and 10% reservation for the Economically Weaker Section (EWS) under the All India Quota (AIQ) Scheme for undergraduate and postgraduate medical/dental courses (MBBS / MD / MS / Diploma / BDS / MDS) beginning with the current academic year 2021-22. The reservation for …

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Government Budget and Economy

Functions of Government Budget Primarily, there are three functions or requirement of Government budget such as: Allocation, Distribution and Stabilization of resources of government. Let’s discuss them one by one: Allocation Function: Certain goods, referred to as Public goods, such as roads, national defense, government administration, are cannot be provided through the market mechanisms. These …

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Money and Banking

What is Money? Money is an officially-issued legal tender generally consisting of notes and coin, and is the circulating medium of exchange as defined by a government. Money is often synonymous with cash and includes various negotiable instruments such as checks. Each country has its own money that is used as a medium of exchange …

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