Happy New Year 2023

Happy New Year 2023 everyone....May god bless you with good health and happiness....And strong financial position...It's my suggestion please invest few of your savings in Fixed deposit of Punjab National Bank...666 Days... Rendering good interest rates... Good day

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Nouriel Roubini, Professor of Economics - " Growth of India will surpass China"

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

OFR RESEARCH (USA) ON INFLATION

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....

UPI – Unified Payment Interface

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...

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