Reserve Bank of India – RBI
Reserve Bank of India (RBI) is the supreme monetary authority of India. Important Role & Functions of RBI is to issue currency, Managing Foreign Exchange etc.
Banking in India & Types of Banks
Banking industry in India can be classified into different types of banks. Banking in India is regulated by RBI Act 1934, Banking Regulation Act 1949 & FEMA
National Payments Corporation of India – NPCI
National Payments Corporation of India (NPCI) is an umbrella organization for all retail payment system in India. NPCI was established in 2007 as a “Not for Profit” Company.
National Income Accounting
National Income is the total amount of income of a country from economic activities in a year. Gross domestic product (GDP) is an indicator of National economy.
Planning Commission of India – Five Year Plans
Planning Commission of India was a non-constitutional & non-statutory body, to formulate five year plans. Planning Commission was formed on 15 March 1950 & dissolved on 17 Aug 2014.
NITI Aayog
NITI Aayog (National Institution for Transforming India) is a policy think tank of the Govt. of India, established on 1st Jan 2015 by a Cabinet Resolution.
Monetary Policy by RBI
RBI controls the supply of money by the monetary policy. Monetary policy is adopted by the Monetary Policy Committee was established in 2016.
Economy
Digital Payment in India
Ratan Watal Committee -2016 Committee on Digital Payments headed by Ratan P. Watal has submitted its final report to the
Economy
Blockchain Technology
It is a Digital, Decentralized, Distributed ledger Blockchains are a new data structure that is secure, cryptography-based, and distributed across
Banking & Finance
Bank Money
Baked by Fiat money Easy to transfer Exact amount can be transferred Legally recognized for high value payment Bank Money
Banking & Finance
Evolution of Money
At the beginning, there was no money. People engaged in barter, the exchange of merchandise for merchandise, without value equivalence.
Economy
Basel Accords, Banking Regulation & PCA Framework
>>>>>>>>>> Bank for International Settlements (BIS) It is an international financial institution owned by central banks Its fosters international monetary