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  • The Monetary Policy Committee (MPC): Composition and Objectives

    Monetary Policy Committee (MPC) constituted by the Central Government as per the Section 45ZB of the amended RBI Act, 1934. The first meeting of the MPC was held on October 3 and 4, 2016. This committee decides various policy rates like Repo rate, Reverse repo rate, MSF and Liquidity Adjustment Facility etc.

    Aug 1, 2019
  • List of Finance Ministers of India

    The first Finance Minister of independent India was R. K. Shanmukham Chetty, who also presented its first Budget. Indira Gandhi was the first female Finance Minister of India but she hold the post only for one from 1970 to 1971.

    Jul 5, 2019
  • All about Goods and Services Tax (GST)

    Goods and Services Tax (GST) is a federal tax. GST is an indirect tax, imposed on the sale of goods and services. It is implemented throughout the country since July 1, 2017. There will be no distinction between goods and services for the purpose of taxation. GST will be a destination-based tax. This implies that all State GST collected will ordinarily accrue to the State where the consumer of the goods or services sold resides.

    Jul 5, 2019
  • 6 Amazing Questions on Indian Budget You Never Knew

    The Union budget is an estimate of income and expenditure for a definite duration. The Union Budget of India, which is known also as the ‘Annual financial statement’ in the Article 112 of the Indian Constitution.

    Jul 3, 2019
  • Union Budget of India: Definition and Types

    A Union budget is an estimation of revenue and expenditure of the Central government over a specified period of time and is usually compile present, past and future financial years.

    Jul 3, 2019
  • PPF, National Savings Certificate, Kisan Vikas Patra: Meaning and current rate of interest

    Provident Fund, National Savings Certificate and Kisan Vikas Patra are some products launched by the different offices of the government of India. These products are launched to increase the habit of saving in the general public. Recently central government has reduced the rate of interest on the Public Provident Fund, National Savings Certificate, Kisan Vikas Patra and other saving schemes by 10 percent. In this article we have mentioned the new rate of interest on these products.

    Jul 1, 2019
  • List of Governors of Reserve Bank of India

    The first Governor of the Reserve Bank of India was British banker Osborn Smith, while C.D. Deshmukh was the first Indian Governor of Reserve Bank of India. At present, the Governor of Reserve Bank of India is Shashikant Das, who took charge on 12 Dec. 2018.

    Jun 24, 2019
  • Paytm Credit Card: Key Features and Benefits

    Paytm offers facility of online shopping, paying bills, money transfer etc. Recently Paytm launched its much expected Paytm credit card which is also called Paytm First Card. So get to know key features and benefits of the Paytm credit card read this article.

    May 16, 2019
  • What are the main functions of Reserve Bank of India

    Reserve Bank of India (RBI) is the supreme monetary authority of India. This organization is responsible for printing of currency notes and managing the supply of money in the Indian economy. RBI works as a custodian of foreign reserve, banker’s bank, banker to the government of India and controller of credit.

    Apr 22, 2019
  • What is the Meaning and Purposes of Deficit Financing?

    When the revenue of the government is shorter than its expenditure then this situation is dealt by printing more currency, buying from public and foreign institution. This temporary arrangement of the money is known as the deficit financing.

    Apr 9, 2019
  • Why Rupee is falling against Dollar currently?

    At the time of India's independence, the value of one dollar was equal to one rupee but in the June 2018, the value of Indian rupee against the US dollar has reached its lowest level at Rs.72.51 per dollar. In this article, we explained the reasons behind the depreciation of Indian Rupee in the current months.

    Apr 2, 2019
  • What is RBI's Monetary Policy: Objectives & Instruments

    The monetary policy refers to a regulatory policy whereby the central bank (RBI in case of India) maintains its control over the supply of money to achieve the general economic goals. Reserve Bank of India (RBI) is the sole authority which prints and supplies the currency in the whole country. Coins are minted by the ministry of Finance but supplied by the RBI. Main instruments of the monetary policy are: Cash Reserve Ratio, Statutory Liquidity Ratio, Bank Rate, Repo Rate, Reverse Repo Rate, and Open Market Operations.

    Apr 1, 2019
  • Structure of Banking Sector in India

    Reserve Bank of India is the Central Bank of our country. It was established on 1st April 1935 under the RBI Act of 1934. It holds the apex position in the banking structure. RBI performs various developmental and promotional functions. As of now 26 public sector banks in India out of which 21 are Nationalised banks and 5 are State Bank of India and its associate banks. There are total 92 commercial banks in India. Public sector banks hold near about 75% of the total bank deposits in India.

    Apr 1, 2019
  • Microfinance Institutions in India:Salient Features

    Reserve bank of India defines NBFC-MFI as a non-deposit taking NBFC (other than a company licensed under Section 25 of the Indian Companies Act, 1956) with Minimum Net Owned Funds of Rs.5 crore (for NBFC-MFIs registered in the North Eastern Region of the country, it will be Rs. 2 crore) and having not less than 85% of its net assets as “qualifying assets”. Ultimate goal of microfinance is to give low income people an opportunity to become self-sufficient by providing a means of saving money, borrowing money and insurance.

    Mar 30, 2019
  • Classification and Operations of Commercial Banks in India

    Government banks (at present 20) form a prominent part of the country’s Financial Institution System. Commercial Banks are those profit making institutions which accept deposits from general public and gives money (loan) to individuals like household, entrepreneurs, businessmen etc. The prime objective of these banks is to earn profit in the form of interest, commission etc. The operations of all these commercial banks are regulated by the Reserve Bank of India, which is the central bank and supreme financial authority in India.

    Mar 30, 2019