REFERENCE Archive

Gross National Product (GNP) and Net National Product (NNP)

GNP, NNP, NFIA, Gross National Product, Gross National Product, Gross Domestic Product, Factor Cost, Net Factor Income from Abroad, NDP, Potential GNP, Actual GNP, GNP Gap
Gross National Product or GNP is arrived at by adding monetary value of Net Factor Income from abroad to Gross Domestic Product.  GDP considers the monetary value of goods and services produced within the domestic territory by
6 Dec 18 Author CategoryEverything About, Indian Economy No Comment Read More

Gross Domestic Product (GDP) and Net Domestic Product (NDP)

GDP, Gross Domestic Product, NDP, Net Domestic Product, domestic, goods, service, depreciation, tax, Factor cost, Market Cost
Gross Domestic Product or GDP is the money value of all final goods and services produced in the domestic territory of a country during an accounting year. Gross stands for ‘total’ and  Domestic means all activities taking
5 Dec 18 Author CategoryEverything About, Indian Economy No Comment Read More

Bank Rate (BR) or Discount Rate and Inflation

BR, Bank Rate, Discount Rate, Credit, inflation, RBI, commercial bank, BR Act, CRR, SLR, Cash Reserve Ratio, Statutory Liquidity Ratio, Dear Money Policy’, Tight Monetary Policy, Cheap Monetary Policy’, Cheap Money policy, market rate
Bank rate (BR) is one of the most effective weapons employed by almost all central banks to control credit in the financial system. There is a direct relation between Bank Rate and Market Rate. It is widely
4 Dec 18 Author CategoryIndian Economy, Quick Reference No Comment Read More

Producer Price Index &PPI Vs WPI and CPI

PPI, Producer Price Index, producer perspective, input PPI, output PPI, inflation, deflation, CPI, WPI, B N Goldar,
Producer Price Index tracks the average change in the prices of goods and services either as they leave the place of production or as they enter the production process. PPI thus measures the changes in price from
2 Dec 18 Author CategoryEverything About, Indian Economy No Comment Read More

Consumer Price Index (CPI)

CPI, Consumer Price Index, inflation, India, rate, CPI-IW, CPI-AL, CPI-RW, CPI- UNME, WPI, price index,
Consumer Price Index (CPI) is one of the most important price indices used in India to measure inflation.   Consumer Price Index measures inflation rate at the retail level. CPI tracks the price actually paid by the
1 Dec 18 Author CategoryEverything About, Indian Economy No Comment Read More

Wholesale Price Index (WPI) & Inflation

Price index, Wholesale Price Index, WPI, price increase, weight, base year, commodity, headline inflation, Core inflation, food,
Inflation in its simplest term means increase in prices. Governments in various countries are trying to balance economic growth and inflation. India too follows the same track. Tracking inflation accurately thus becomes a pre-condition for devising appropriate
30 Nov 18 Author CategoryEverything About, Indian Economy No Comment Read More

Inflation and Its Classification 

Inflation, creeping inflation, running inflation,,WPI. CPI, walking inflation, hyperinflation, galloping inflation, open inflation, suppressed, repressed inflation, Structural inflation, demand pull inflation, cost pull inflation, profit push inflation, Balance of Payment, devaluation, Wholesale Price Index, Consumer Price Index
Inflation refers to the situation where prices exhibit a continuously increasing trend. Inflation is defined as too much money chasing too few goods by Coulborn. Geofrfrey Crowther states that inflation is a state in which the value
29 Nov 18 Author CategoryIndian Economy, Quick Reference No Comment Read More

Roles and responsibilities of RBI

RBI, roles, monetary policy, inflation targeting, minimum reserve maintenance, note issuer, banker’s banker, lender of last resort, bank to government, inflation, deflation, responsibilities, custodian of cash, clearing house, currency chest,
Reserve Bank of India (RBI) is constituted as the apex institution of Indian monetary system and financial system.  RBI  is responsible for implementation of monetary policy to control and ensure stability of the monetary and banking system.
28 Nov 18 Author CategoryBanking Awareness, Regulators & Institutions No Comment Read More

Reserve Bank of India (RBI)

RBI, Reserve Bank of India, Governor, Board of Directors, DICGC, NHB, BRBNMPL, Local Board, Deputy Governor, evolution, subsidiaries
Reserve Bank of India (RBI) is the apex institution of Indian monetary system and financial system. Being the central bank of the country, RBI is the institution that control and stabilize the monetary and banking system.  Evolution
27 Nov 18 Author CategoryBanking Awareness, Regulators & Institutions No Comment Read More

Internal Ombudsman (IO) Scheme, 2018

IO, internal Ombudsman, Internal Ombudsman Scheme, 2018, RBI, independent authority, rejected, complaint, grievance
Banks in India have been instructed by Reserve Bank of India (RBI) to appoint an Independent Internal Ombudsman (IO) under the Banking Ombudsman Scheme. As per the revised guidelines consolidated under Internal Ombudsman Scheme, 2018, all Scheduled
19 Nov 18 Author CategoryBanking News, Regulators & Institutions No Comment Read More