NABARD & SIDBI Roles, Initiatives, and Banking Principles
NABARD: Mission and Core Functions
The National Bank for Agriculture and Rural Development (NABARD) is India’s apex development financial institution, established to provide and regulate credit for the promotion and development of agriculture, small-scale industries, cottage and village industries, handicrafts, and other rural crafts. Established on July 12, 1982, under the NABARD Act, 1981, it was created based on the recommendations of the B. Sivaraman Committee (CRAFICARD) to take over the agricultural
Read MoreEmployee Representation: Rights, Guarantees, and Union Structure
Employee Representation in the Company
Workers can participate in the future of the company through their representatives. This participation is channeled through two main forms:
- Staff Delegates and Works Councils (Unitary Representation).
- Trade Unions (Collective Representation).
The right of workers to participate in the company is recognized in the Constitution (Article 129.2) and the Workers’ Statute (Article 4.1 g)).
Workers have the right to meet in assembly at the workplace, provided conditions
Read MoreBalance of Payments: Theory, Policy, and Institutions
Balance of Payments: Theory and Policy
The Balance of Payments, also known as Balance of International Payments (BoP), of a country is the record of all economic transactions between the residents of the country and the rest of the world in a particular period. Transactions are made by individuals, firms, and government bodies; they include payments for the country’s exports and imports of goods, services, financial capital, and financial transfers.
Balancing Mechanisms
If the current account is in
Read MoreEssential Concepts in Consumer Behavior and Marketing Strategy
Consumer Definitions and Behavior Fundamentals
Key Definitions: Consumer, Customer, and Client
- Consumer: The individual who uses or consumes a product or service.
- Customer: The individual or organization that purchases a product or service.
- Client: The individual or organization that receives personalized or professional services, often involving an ongoing relationship.
Defining Consumer Behavior
Consumer behavior encompasses all activities associated with the purchase, use, and disposal of goods and
Read MoreLean Startup Principles for Early-Stage Ventures
Problem Identification
The project starts from a real customer problem, not from technology. Students suffer from digital distraction and lack of focus, while teachers lack simple non-digital tools to improve engagement. According to the course logic, “no problem, no business”, and the problem exists independently of the solution.
Solution & Value Proposition
TimePlay is a short physical classroom game designed to improve focus, time management, and collaboration. The key principle applied
Read MoreAI Strategy, Competitive Advantage, and Business Model Innovation
The Necessity of AI Strategy and the Exponential Gap
AI strategy is critical for companies today because it determines their capacity to navigate the exponential age and dictates whether they can achieve competitive growth.
The exponential gap refers to the significant difference between traditional companies that grow linearly and high-performing companies that achieve exponential growth, driven primarily by the adoption of AI. To close this gap and remain competitive, companies must undergo a digital
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