The six-member Monetary Policy Committee (MPC) began its deliberations today amid widespread expectations of at least 0.25 per cent (25-basis point) cut in the policy rate to cushion the impact of demonetization and a firming up of global oil prices. The policy statement will be released at 2.30 pm on February 08, 2017. Monetary policy deals with issues like repo rate, reverse repo rate, cash reserve ratio, statutory liquidity ratio etc. All these things are directly applied on all the banks. For example, when the RBI increases the repo rate, the cost of borrowing increases for the banks. As a … Continue reading Sixth Bi-monthly Monetary Policy Meet, Feb’17.
One Rank One Pension: More Than Just Money One Rank One Pension (OROP) is a pension reform movement for Indian armed forces personnel. It basically means that retired soldiers of the same rank, who have retired after serving for the same length of service, will receive the same pension, irrespective of the date/year of their retirement. Till 1973, OROP was prevalent in armed forces and pension rate was 70%. Despite winning the 1971 War, Indira Gandhi reduced the rate of pension of soldiers from 70% to 50% and increased that of civil servants from 35% to 50%. They introduced disparities … Continue reading OROP
The Federal Reserve was created on December 23rd 1913 as a result of the financial panics particularly the one of 1907, events such as the great depression in the 1930s and the great recession during the 2000s led to expansion of roles & responsibilities of the Federal Reserve. Federal Reserve regulates financial institutions, manages the nation’s money and influences the economy. Federal funds rate is the rate which is charged by one bank to another bank to borrow money overnight & Mortgage rates have been very low as the federal fund rate has been nearly zero for almost 7 years … Continue reading Effects of fed rate hike
VALUATION & DEVALUATION OF CURRENCY BY CHINA Currency plays an important role in sustainable growth of economy of any country.Well currency is a major aspect of any country that’s shows real power of their economics.The communist party lead country china shows sum good hand and example to the rest of the world that. How important currency plays in the economic development of the particular country. BRIEF ELABORATION Copycats,cheaters,abhorrent whatever terminology used for china are totally inverse. The realty is different at what we think about china and what we look about the china. They are supreme giant in Asia they … Continue reading China’s Game Plan
After 50 days of Demonetization, Our Honorable Prime Minister Shri. Narendra Modi announced a slew measures for farmers, urban poor and small entrepreneur, besides housing loan subsidies for the poor and new incentives for senior citizen. In a much anticipated televised address to the nation, the entire speech was centered on corruption, unaccounted money, counterfeit notes, poverty and upliftment of various classes of society. “The days that followed this Diwali, people of India witnessed a cleansing ritual of historic proportion. This black money cleansing ritual will help the nation”, he began the speech. PEOPLE THANKED– Narendra Modi thanked, the 125 … Continue reading Prime Minister’s address on New Year Eve.
India, the biggest democracy in the world is going through a lot of changes and turmoil, both from within and due to the forces outside. As a country, it is unparalleled in it’s diversity- be it cultural, religious, social and economical as well as political. Till the year 2014 the country showed the need for economic growth, inflation management. In September 2013, the consumer inflation reached 9.8% while the economy grew by just 4.8% over the previous year. In the early 2014, the nation faced higher fiscal deficit, sluggish industrial growth and larger current account deficit. The principle reason … Continue reading EASE OF DOING BUSINESS IN INDIA BEFORE AND AFTER 2014
Brexit and India. The creation of the European Economic Community (EEC) by the signing of the Treaty of Rome in 1957 by six countries Belgium, the Netherlands, Luxembourg, France, Italy and Germany was a momentous event in modern history. Over the years the EEC evolved from being a free trade area to a customs union and is presently an economic union. The current name, European Union (EU) reflects this transformation. Britain joined the EU in 1973. By all accounts the EU has been a great success. It has succeeded in creating a single market of 28 countries having a combined … Continue reading INDIA-Next superpower