economy Archive

Reduction in term deposit interest rates – Recent trends

Indian economy has been facing a slow down during major part of the calendar year 2019. The global slowdown arising out of China-US trade war, reduction in oil price, global economic slowdown etc have had its impact

Banking Functions and Economic Importance of Banks

Bank is a financial institution that facilitates transfer of money from one person or business to another person or business. Basically it is an institution for keeping, lending, transferring and exchanging money. Banks lend money that they

Trade War

Trade war is a situation that arises when a country increases tariff on the imports from another country and the second country retaliates to the action in the same manner.  What is meant by trade war?  Suppose

National Payments Corporation of India (NPCI)

National Payments Corporation of India (NPCI) is an organisation promoted by ten banks with the objective of stimulating and integrating digital payment system in India.  The Reserve Bank of India (RBI) and Indian Banks’ Association (IBA) extend