bankingandbusiness

 OFR RESEARCH ON INFLATION Inflation Measures of consumer price inflation began to rise in the spring of 2021 and continued to rise through the start of 2022, climbing to high levels not seen in several decades and remaining well above the Federal Reserve’s target of 2% per annum.  In July 2022, the consumer price index (CPI) increased 8.5% yearover-year after reaching 9.1% in June.  Increases remained above 8% through the summer and early fall.  The personal consumption expenditure core price index (PCE Core), which excludes food and energy, has hovered at around a seasonally adjusted 5% throughout 2022 (see Figure 1).1 Durable goods inflation, which was significantly below services price inflation over the last decade, has risen above it since 2021. Several factors have been driving prices higher, including strong aggregate demand, a post-pandemic reopening of the economy, and a material shift from services to goods.  In addition, demand increased as the U.S....

Nouriel Roubini is Professor Emeritus (2021-present), Professor of Economics (1995-2021), Stern School of Business, New York University. He is also CEO of Roubini Macro Associates, LLC, a global macroeconomic consultancy firm in New York, as well as Co-Founder of Rosa & Roubini Associates based out of London. At a 2006 address to the International Monetary Fund, Roubini warned of the impending recession due to the credit and housing market bubble. His predictions of these upside-down balance sheets became a reality in 2008, with the bubble bursting and reverberating around the world into a global financial crisis – a recession we’re only recently rebounding from after a decade climb.  Speaking at the 7th edition of The Economic Times, Global Business Summit, Nouriel Roubini, Professor Emeritus, Stern School of Business, New York University, talks about mega threats, 'Polycrisis' and the confluence of calamities facing the Global Economy. Nouriel Roubini Speech

  Atal Pension Yojana Read less Atal Pension Yojana, formerly known as Swavalamban Yojana is a government-backed pension scheme in India, primarily targeted at the unorganized sector -APY is open to all bank account holders in the age group of 18 to 40 years. Provided that from 1st October,2022, any citizen who is or has been an income-tax payer, shall not be eligible to join APY  -Subscribers would receive the guaranteed minimum monthly pension of Rs. 1000 or Rs. 2000 or Rs. 3000 or Rs. 4000 or Rs. 5000 at the age of 60 years. -The monthly pension would be available to the subscriber, and after him to his spouse and after their death, the pension corpus, as accumulated at age 60 of the subscriber, would be returned to the nominee of the subscriber. - Subscribers can make contributions to APY on monthly/ quarterly / half-yearly basis.  -Subscribers can voluntarily exit from APY subject to certain conditions, on deduction of Government co-contribution and ret...

In the era of Indian financial transformation, we are opening accounts of our kids before his/her admitted to the school. A small account which is informally known as a Zero Balance account or No frill account introduced by RBI through its circular No. RBI/2010-11/389 dated 27 Jan 2011 and re-launched by RBI in 2015. These were the steps taken by Government to make financial inclusion successful.        Banks had the same workforce and technological tools worked enthusiastically and made relations with every Indian irrespective of their economical conditions. Now the branches were operational issue i.e footfall of the branches increased drastically. Banks diverted customers through their business correspondents. Still, the issue of footfall has not been erased completely. On 23 Jun 2016 RBI with the vision statement ‘ Building best of class payment and settlement systems for a ‘less-cash’ India through responsive regulation, robust infrastructure, effect...

  Earth's temperature has risen by  0.14° Fahrenheit (0.08° Celsius) per decade since 1880 , but the rate of warming since 1981 is more than twice that: 0.32° F (0.18° C) per decade. 2021 was the sixth-warmest year on record based on NOAA's temperature data. To overcome such problems India's updated climate pledge to the Paris Agreement after receiving the Union Cabinet's nod  August 3, 2022 . The pledge will lay out India's clean energy transition pathway from now through 2030 and will be communicated to the United Nations Framework Convention on Climate Change (UNFCCC) .                 Green energy is important for the environment as it replaces the bad effects of fossil fuels with more safe alternatives. Green energy is also often renewable and clean, meaning that they emit no or few greenhouse gases and are often readily available.     Green finance   According to ...

  Good morning everyone, I already mentioned that I have joined Bank in the year of demonitisation. And the judgement in the favour of Central government decision to cancel Rs 500 and Rs 1000 currency notes upheld by Five member constitution bench of Supreme court. Headed by Justice Abdul Nazeer found no descrepency in the decision. Justice BV Nagarathna is the only judge who believe it is unlawful act. It means Demonetization of our country was not unlawful according to four of our five member  constitution bench of Supreme court. Still Fixed deposit rate of PUNJAB NATIONAL BANK is very high...till inflation will go down. I need a personal suggestion... Our Naval veterans wish to organise a reunion... please suggest a resort for this purpose.... Good day

 Hi Everyone...Presenting you the different Fixed deposit interest rates of two largest Nationalized banks...SBI and PNB...Highlighting and comparing their Interest for different tenor. As our Secondary Market is not so dynamic nowadays... Fixed deposits are good options according to me...Namaste Referred from Official website of SBI and PNB -:  Revision in Interest Rates On Retail Domestic term deposits (Below Rs. 2 crore) interest rates revised w.e.f. 13.12.2022 Accordingly, the interest rates for Retail Domestic Term Deposits ‘Below Rupees Two Crore 'have been revised.The revised interest rates are as under : (All figures in % per annum) Tenors Existing Rates for Public w.e.f. 22.10.2022 Revised Rates For Public w.e.f. 13.12.2022 Existing Rates for Senior Citizens w.e.f. 22.10.2022 Revised Rates for Senior Citizens w.e.f. 13.12.2022 7 days to 45 days 3.00 3.00 3.50 ...