Economy in News Archive

RBI draft guidelines- Banks entry into Insurance Broking

Recently, RBI released draft guidelines for comments and feedback on Banks entry into Insurance Broking Business. What is Insurance Broking Business? Insurance broking is a business wherin the broker ( in this case bank) dispense expert advise on various insurance products available in the market to the customer, so that they can choose the best

Repo Rate

Reserve Bank of India recently (30 th oct 2013) increased Repo rate by 25 basis points from 7.50 to 7.75 %. What is Repo Rate? Repo Rate is the rate at which banks borrow short term funds from central bank. RBI lends on a short term basis to banks on the security of the govt

Raghuram Rajan- New RBI Governor

Dr. Raghuram Rajan has been appointed as  the new RBI Governor who took charge on 4th September 2013 as the 23rd Governor of Reserve Bank of India. He is known as a pioneer faculty member at Booth School, Chicago. He served as Chief Economist at IMF(International Monetary Fund) and Chief Economic Advisor, Ministry of Finance,

Why value of Indian Rupee is falling?

Indian Rupee has been on a free fall since past few months. Rupee has lost more than 20% of its value this year as compared to last year. In this article, we will try to find out various reasons that Why value of Indian rupee is falling ? Further we will discuss repercussions (impact/ consequences

Asian Development Bank Grant Loan to five Indian States

Asian Development Bank (ADB) is an international development finance institution whose mission is to help its developing member countries reduce poverty and improve the quality of life of their people. It was established in 1966 and is headquartered in Manila( Phillipines). What is the amount of loan sanctioned by Asian Development Bank (ADB)? India inked a loan agreement of

Human Development Index 2013

In this article, we shall discuss the important points of Human Development Index 2013 released recently. What is the Ranking of India in the recently released Human Development Index 2013 ? India has been ranked 136 among 187 countries evaluated for human development index 2013 (HDI) ,a composite measure for assessing average achievement in achieving

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