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INDIA POSTS – PAYMENT BANK

Payment bank license has been issued to India Posts, by RBI which permits them to roll out commercial operations, under the permit. This is the third entity to receive official communication from RBI for setting up the Payment Bank, the previous two being Bharti Airtel and Paytm. What are the services available through this Bank?

INDIA POSTS – PAYMENT BANK

Payment bank license has been issued to India Posts, by RBI which permits them to roll out commercial operations, under the permit. This is the third entity to receive official communication from RBI for setting up the Payment Bank, the previous two being Bharti Airtel and Paytm. What are the services available through this Bank?

UNHEDGED STATUS OF INDIAN FIRMS CAUSES CONCERN

HEDGE is an investment to reduce the risk of adverse price movements in an asset. Normally, a hedge consists of taking an offsetting position in a related security, such as a  FUTURE CONTRACT ( generally made on the trading floor of a futures exchange, to buy or sell a particular commodity or financial instrument at

UNHEDGED STATUS OF INDIAN FIRMS CAUSES CONCERN

HEDGE is an investment to reduce the risk of adverse price movements in an asset. Normally, a hedge consists of taking an offsetting position in a related security, such as a  FUTURE CONTRACT ( generally made on the trading floor of a futures exchange, to buy or sell a particular commodity or financial instrument at

BANKING CASH TRANSACTION TAX (BCCT)

YES…..BCCT is back, but differently.  To avoid large amount of cash transactions being made, the Naidu committee has recommended levy of transaction tax on all cash transactions above Rs. 50,000.  In November last year the Government had appointed a committee headed by the Andhra Pradesh Chief Minister Chandrababu Naidu, which has given its recommendations as

BANKING CASH TRANSACTION TAX (BCCT)

YES…..BCCT is back, but differently.  To avoid large amount of cash transactions being made, the Naidu committee has recommended levy of transaction tax on all cash transactions above Rs. 50,000.  In November last year the Government had appointed a committee headed by the Andhra Pradesh Chief Minister Chandrababu Naidu, which has given its recommendations as

EFFECT OF NOTE BAN ON CONSUMER GOODS DURING THIRD QUARTER

The note ban has hit the consumer goods and thus, the results for the December quarter has been disappointing.  Around 3.2 lakh crore of domestic Fast Moving Consumer goods (FMCG) has received the main jolt, with Hindustan Unilever (HUL) showing a fall in the growth to the tune of four percent.  However, the same has

EFFECT OF NOTE BAN ON CONSUMER GOODS DURING THIRD QUARTER

The note ban has hit the consumer goods and thus, the results for the December quarter has been disappointing.  Around 3.2 lakh crore of domestic Fast Moving Consumer goods (FMCG) has received the main jolt, with Hindustan Unilever (HUL) showing a fall in the growth to the tune of four percent.  However, the same has

VIRAL ACHARYA – NEW RBI DEPUTY GOVERNOR

Mr. Viral Acharya, took charge as RBI Deputy Governor, for a three year period.  The Central Bank accordingly reallocated the various portfolios on account of the new Deputy Governor’s joining.  He will in charge of Monetary and Economic Research department, Corporate Strategy and Budget department, Department of Corporate Services,     Department of Statistics and Information

VIRAL ACHARYA – NEW RBI DEPUTY GOVERNOR

Mr. Viral Acharya, took charge as RBI Deputy Governor, for a three year period.  The Central Bank accordingly reallocated the various portfolios on account of the new Deputy Governor’s joining.  He will in charge of Monetary and Economic Research department, Corporate Strategy and Budget department, Department of Corporate Services,     Department of Statistics and Information