India’s headline retail inflation, measured by consumer price index , came in at 6.3 per cent YoY in May’21, much higher than the Bloomberg consensus of 5.4 per cent. The worry was that higher-than-expected inflation was broad-based, not because of a few items. Earlier in the day, the wholesale price index posted headline inflation of…
PROCEDURE The application form for the investors is provided by the issuing banks/SHCIL offices/Designated post offices/agents. The form could also be downloaded from the RBI’s website. Banks also make provision for online application facility. KYC norms requires every application to be accompanied by the “PAN number” that is issued by the Income Tax Department to…
In order to compare or analyse how these instruments stack up against one another, we’ll take the help of data tabulation as follows: – Parameters Sovereign Gold Bonds Physical Gold Gold ETF Investment limit A minimum of 1 gram and maximum of 4 KG in case of an individual (as per SGB 2020-21 rules) No…
Dishonoured/ bounced cheque is cheque that the bank on which is drawn declines to pay (“honour”). There are a number of reasons why a bank would refuse to honour a cheque, with insufficient funds being the most common cause. The holder of the cheque can file a complaint under Section 138 of Negotiable Instrument Act,…
INTRODUCTION India’s relation with gold is deeply historical. After China, India is the next biggest consumer of gold. However, in comparison to the demand of the gold, India produces a bit less. So, the gap is fulfilled via imports that result in a substantial devaluation of Indian rupees, and the foreign exchange reserves being depleted…
Numerous areas of the business world have since a long time ago whined about unofficial law. Partnerships and their representatives regularly impugn government rules as nonsensical obstacles to benefits, financial productivity, and occupation creation. Obviously, numerous organizations have utilized provisos, moved tasks abroad, and disregarded antitrust laws as they endeavored to manage guidelines. In all…
For the past few years, India’s banking sector has been burdened by an overhang of stressed assets in the system, as well as a liquidity crisis (which can largely be seen as a consequence of the former) within the system. The focus has been on bank recapitalization and strengthening the resolution framework for stressed assets…
The position of cryptocurrencies in India has been a source of much debate. This can be because the government proposed a bill earlier this year that may prohibit all cryptocurrencies, including Bitcoin and Dogecoin, from being employed. However, there has been no more progress during this regard. In fact, in line with a recent report,…
The International Monetary Fund held the current economic crisis could be the worst ever since the Great depression 1929. In order to deal with the Covid-19 pandemic, the governments across the world have imposed measures like lockdown and social distancing. However, these measures have caused collateral damage to almost every sector of the economy. National…
RBI-CENTRAL BANK OF INDIA The Reserve Bank of India (RBI) is the central bank of India, which was established on Apr. 1, 1935, under the Reserve Bank of India Act. The Reserve Bank of India uses monetary policy to create financial stability in India, and it is charged with regulating the country’s currency and credit…
