BSE & NSE International Exchanges Start Operations at GIFT City

Gujarat International Finance Tec-City (GIFT), a global financial hub, has recently opened for business as India’s International Financial Service Centre (IFSC). IFSC essentially caters to customers outside the jurisdiction of…

Bitcoin Gain Currency with Demonetisation of High Denomination Notes

Bitcoin the cryptocurrency has reportedly hit highest levels, trading at a two-year high of $788.49 or Rs. 53,210 per bitcoin, the price had surged above Rs. 68,000 a unit after India sparked…

New Development Bank will reduce costs & share knowledge

New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is one area where the BRICS nations have moved quickly and successfully. NDB is a multilateral development bank established by the BRICS,…

Monetary Policy Committee to Maintain Price Stability with Growth

Monetary Policy Committee (MPC) has been set up, consequent to the the Monetary Policy Framework Agreement signed on 20 February 2015 between Government of India and Reserve Bank of India (RBI), the…

India to be a Safe and Secure Cashless Economy with Aadhaar Enabled Payments

Government’s Digital India Push Gains Momentum with Aadhaar-Enabled Transactions In a bold move towards transforming India into a cashless economy, the government has accelerated its Digital India initiative, leveraging the…

Demonetisation to hamper growth in the short term with challenges in implementation

In a bold move to combat the shadow economy, the Government of India demonetized Rs. 500 and Rs. 1,000 notes in November 2016, withdrawing approximately 86% of the country’s circulating…

Demonetisation to consolidate government finances and ride the tide of cashless payments & digital economy

Prime Minister Narendra Modi’s sudden announcement to demonetize Rs. 500 and Rs. 1,000 currency notes with effect from midnight of November 08-09, 2016, making these notes invalid is a major assault…

Transfer Policy for Female Employees in Public Sector Banks

Public Sector Banks (PSBs) in India boast a commendable workforce, and the ratio of women to men employees in these banks is among the highest across industries. Among the 8.5…

SIDBI Role in MUDRA

Small Industries and Development Bank of India (SIDBI) was established in 1990 with the main objective of promoting and financing micro, small, and medium enterprises in the country. The government…

MUDRA Bank Aimed at Funding the Unfunded will Contribute Substantially to Job Creation in the Economy

MUDRA Bank (Micro Units Development and Refinance Agency Bank), is a new institution set up by the Government of India for development of micro units and refinance of Micro Finance…