[BES181/4] Contemporary Loan Issues: FRDI Bill & Bail-In, LoU/SWIFT, PCR/LEI, NPA/TBS, SARFAESI/I&B Code

In Economy by Mrunal

NPA / TBS problem: three stages of NPA related definitions RBI “3R” Framework for Revitalizing Stressed Assets What is SARFAESI Act 2002? Why insolvency and bankruptcy code 2016? I&B Mechanism INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (IBBI) I&B code vs. SARFAESI liquidation Banking Regulation (Amendment) Ordinance, May 2017 PNB Scam: LoU & SWIFT What is letter of undertaking (LoU)? How …

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[BES181/3] Gist of RBI’s Monetary Policy Developments: 2017-April to 2018-April, LCR-HQLA, UDF/SDF

In Economy by Mrunal

How to control demand side Inflation? Why control deflation? How to measure money supply? Quantitative Tools of Monetary Policy New Quantitative tools UDF / SDF Central Bank Liquidity Liquidity Coverage Ratio (LCR) & HQLA Monetary Policy Committee (मौद्रिक निति समिति) Bi-Monthly Monetary policy updates FY: 2017-18 2017-APRIL 2017-JUNE 2017-AUGUST 2017-OCTOBER 2017-DECEMBER 2018-FEBRUARY 2018-APRIL Next Monetary Policy? How to control demand …

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[BES181/2] Money: RBI’s Digital Fiat currency, UPI 2.0, MDR Subsidisation & Blockchain Technology

In Economy by Mrunal

Prologue RBI controlled entities must ‘unfriend’ Crypto-wallas BUT RBI to explore Digital Fiat currency Digital Payment System updates MDR Subsidization UPI 2.0 Payment System data must be stored in India Blockchain technology? Epilogue Prologue In the last article , we learned what is crypto-currency? Why did budget 2018 declare that crypto-currencies are not legal tenders in India? Basics of Venezuela’s …

[BES181/1] Money: Cryptocurrencies not legal tenders in India; What is Marshall Island-SOV, Venezuela-Petro?

In Economy by Mrunal

Why Cryptocurrencies? What is Cryptocurrency? What does Budget-2018 say about Cryptocurrency? Cryptocurrency Mining = Environmental degradation & Digital Divide Cryptocurrency Payment system= Illegal Activities & Tax evasion Cryptocurrency Exchange Systems also bad because: Avoidance of capital gains tax Speculation, volatility, and erosion of savings VC & Ponzi investment schemes Banning of Unregulated Deposit Schemes Bill, 2018 Venezuela and PETRO coins …

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[BES180/2] EcoSurvey Vol1: Ch2 to 9 Overview, Vol2: Ch1 to 10 Overview; & their relevance for UPSC exam?

In Economy by Mrunal

Economic survey volume 1: overview of chapters Why Pink cover, Preface & Listicles? 1) State of the Economy: An Analytical Overview and Outlook 2) A New, Exciting Bird’s-Eye View of the Indian Economy through GST 3) Investment & Saving Slowdowns & Recoveries: Cross country insights for India 4) Reconciling Fiscal Federalism and Accountability: A Low Equilibrium Trap? 5) Is there …

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[BES180/1] Economic Survey: Meaning, Structure, Preface, LISTICLES upto Volume1 Chapter1 & MCQs

In Economy by Mrunal

What is economic survey? (आर्थिक सर्वेक्षण होता क्या है?) 1) Description of the past 2) Prediction and Prescriptions for Future Who prepares the Economic Survey? (कौन बनाता है?) IES, CEA and Finance Secretary How is the Survey prepared? (कैसे बनाया जाता है?) What is the structure of Economic Survey? (कैसा दीखता है?) Survey Vol1: Preface and Abbreviation Survey Vol1: LISTICLES …

[Current] Sep-2016: Economy, Banking, Finance: MPC Members, SBI Merger & Share Swapping, Stock Gaming, PFMS, Talgo Rails & Hyperloop Train

In Economy by Mrunal

Prologue Pillar#1: Banking-Finance Monetary policy committee (MPC) Monetary policy: Oct-2016 update RBI other developments NPA Related Banking: SBI Merger & share-swapping Finance: SEBI and NBFC related Finance: Insurance-Pension related Scams: Banks Scams: Share market Pillar#2: Budget, Public Finance PFMS Committee pe Committee Labour and wages Pillar-3: BoP and World Trade Pillar-5: Infrastructure Railways Summits and Rankings Prologue Compilation of selected …

[Banking] D-SIB: Domestic Systemically Important Banks- meaning, classification, capital norms, benefits, limitations

In Economy by Mrunal

Why identify banks “Too big Fail”? Who will identify D-SIB? D-SIB in India Benefits of D-SIB norms? Limitations of D-SIB norms? Mock questions Why identify banks “Too big Fail”? 2009: Financial stability board (FSB) was setup. It is an international body affiliated with G20. Purpose: Monitor Global financial system. HQ: Basel, Switzerland. 2010: FSB observes following: Each country has certain …

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[GS3] Shanta Kumar report on FCI-restructuring, Buffer stock, PDS & Food security & Direct Benefit Transfer

In Economy by Mrunal

What is Food security? Origin of FCI Timeline of Food management in India Disturbing Numbers: FCI and Food Mismanagement Shanta Kumar Committee on FCI restructuring #1: Outsource procurement to State Governments #2: Procurement Payment reforms #3: Buffer stock reforms #4: Storage reforms #5: Transport reforms #6: Direct cash transfer to Farmer #7: Direct cash transfer to Consumer #8: Curtail National …

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[Economy] Niti Aayog, Planning Commission: Evolution, Structure, Function and truckload of Criticism explained

In Economy by Mrunal

Timeline of planning in India Five Year plans: from 1st to 12th Planning Commission: Criticism/Anti-Arguments Niti Aayog: Structure, Membership NITI Aayog: functions, Mandates Functional Comparison: Niti vs PC Niti Aayog: Criticism/Anti-Arguments Allocation of funds to States? Chinese Niti Aayog? Mock Questions Timeline of planning in India 1934 Visvesvaraya plan in this book “The planned economy of India”. He was an …

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[Banking] Bharat Bill Payment System (BBPS), SBI Shariya Equity fund, KYC partial freezing, Minimum Balance guidelines

In Economy by Mrunal

Prologue [Block-1] Money transfer related Bharat Bill Payment System (BBPS) Pre-paid cards: Bhai increases Limit ATM transaction: Bhai says >5=Rs.20 Kotak Facebook money transfer Corporation bank: E-Mandate ICICI: cashless withdrawls [Block-2] Banking-Finance operations KYC non-compliant accounts: Bhai’s orders Partial Freezing Minimum Balance requirements: Bhai gets strict Madras highcourt nudges Rajanbhai [Block-3] New Product launch P1: SBI Shariya Equity fund P2: …

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[Banking] RRB Amendment Bill, Small Banks-Payment Banks, Kotak-ING Vysya Merger, NBFC Guidelines

In Economy by Mrunal

Prologue BO1: RRB act BO2: Small banks and Payment Banks BO3: Kotak-ING Vyasa Merger Banking consolidation in past Kotak ING Vyasa Merger Bank merger/consolidation: good or bad? BO4: NBFC regulation guidelines BO6: SBI Share splitting Mock Questions for Banks Exams Prologue In this article, we’ll checkout a few current developments in Banking sector at “Organizational” level. In the next article, …

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[Financial Inclusion] Kisan Vikas Patra (KVP): Features, Money Laundering, NSSF, Small Savings Instruments

In Economy by Mrunal

Small saving instruments (SSI): Meaning & Benefits Small Savings instruments: Examples National Small savings fund (NSSF) Kisan Vikas Patra (KVP): Timeline KVP-2014: Salient Features for MCQs KVP-1988 vs 2014: what’s the Difference? Kisan Vikas Patra & Black money / money laundering Kisan Vikas Patra: Other Criticism Appendix A1: Shyamala Gopinath Committee A2: premature encashment Mock Questions for CSAT Small saving …