[Economy] RBI Urjit Patel Committee: 4% CPI, Nominal Anchor, Multiple Indicator, Monetary Policy Framework Reforms (Part 1 of 2)

Prologue Monetary Policy reform: Where to focus? #1: Focus on Exchange rate #2: Focus on Multiple indicators #3: focus on inflation Nominal anchor (CPI) method: Benefits/Advantages of Nominal anchor (CPI) method: Drawbacks/Limitations/Anti-arguments Why Target inflation? Nominal vs Real interest [...]

By |2015-01-26T19:10:13+05:3002/02/2014|Categories: Economy|Tags: , |126 Comments

[Write2Win] Result of January 2014 competition, Free zip notes for everyone and Notification for February 2014

“Cut-Paste-Bulleting”= doesn’t count as article Separate Author page rule revisited Book rule revisited (for February competition) Crowdsourcing = #Epicfail? Rules for February competition Blacklisted topics Technical requirements January 2014 Entries and winners Platinum Winners Gold Silver Non General studies [...]

By |2014-09-30T16:20:42+05:3001/02/2014|Categories: Z-Miscellaneous|Tags: |33 Comments

[Banking] Monetary Policy: Quantitative & Qualitative Tools, applications & limitations MSF, LAF, Repo, OMO, CRR, SLR, Revisited before upcoming Urjit Article

Prologue What is monetary policy? Quantitative Tools #1: Reserve Ratios (SLR and CRR) #2: Open Market Operation (OMO) #3: Policy Rate Bank Rate Liquidity Adjustment facility (LAF) LAF Repo Rate Marginal Standing facility (MSF) Reverse repo Rate Repo Rate [...]

By |2015-01-26T19:10:13+05:3030/01/2014|Categories: Economy|Tags: |297 Comments

[Banking] Bancassurance: Compulsory Broker Model, IRDA vs Banks, issue, benefits, challanges, insurance penetration, Financial inclusion & Nachiket Committee

Prologue Bancassurance #1: Referral Model #2: Corporate Agent model #3: Broker Model Benefits of Broker model? Anti-Arguments: Broker Model Nachiket on Insurance Cross KYC Reforms in NBFC bancassurance models Allow NBFCs to take deposits NBFCs as mutual funds agents [...]

By |2015-01-26T19:10:13+05:3025/01/2014|Categories: Economy|Tags: , |40 Comments

[Banking] Shadow Banks, Wholesale Banks, Securitization: Functions & Features Nachiket Committee’s recommendations

Prologue Securitization What happened in Sub-prime crisis? Shadow Banking Shadow Banks: Why bad? Shadow Banking in India? Should India be worried? Gold Loan Companies as Shadow Banks? RBI’s safeguards on Gold loan NBFC Wholesale Bank? Wholesale Investment Bank vs [...]

By |2015-01-26T19:10:13+05:3023/01/2014|Categories: Economy|Tags: |47 Comments

[RTI] No Changes in Age-Attempt-Structure of Civil Service Exam, Both UPSC & Personnel Ministry confirm they’ve ignored protests by aspirants outside parliament in Dec 2013

UPDATE: 10 Feb 2014: Central Government approved TWO Extra attempts. Click me for more Old information below: Prologue Personnel Ministry on Anti-UPSC protests Government did receive petitions Minister’s reply in Rajya Sabha= We’ll change nothing No new Committee about [...]

By |2014-02-10T18:56:11+05:3021/01/2014|Categories: RTI|48 Comments

[RTI] UPSC afraid candidates won’t take English & language papers seriously, hence refuses to tell minimum passing marks, Mains-2013 Result in March-April 2014

Minimum Passing marks in English & Language papers Principle used to fix minimum passing marks in Mains? Candidates selected for Mains (Categorywise) Attendance in Mains-2013 Tentative Result dates for Mains-2013 Re-evaluation of Mains answersheet? Absence in one of the [...]

By |2014-01-21T17:22:24+05:3021/01/2014|Categories: RTI|109 Comments

[Banking] Nachiket Committee: Remove SLR, Reduce CRR, Raise PSL to 50%, Increase Loan Access: Issues, implications explained

Prologue Accepting Deposits: Why Remove SLR? Why Priority sector lending? What if PSL target not met? Additional safeguards under PSL PSL target raised to 50% Base Rate Agri. interest subvention scheme Debt relief= bad habits PSL: Misc. Issues/recommendations Mock [...]

By |2015-01-26T19:10:13+05:3018/01/2014|Categories: Economy|Tags: |55 Comments

[Banking] Nachiket Committee: Universal Electronic Banking Account (UEBA), Payment Access Points, Financial Inclusion, Seigniorage and More

What is Financial Inclusion? We need financial Inclusion because Financial Inclusion: Steps taken so far Six Visions Statements Vision #1: UEBA Bank account for Adult Vision#2: Access Points for Banking/Payment Services Rural Branching Mandate White label Business Correspondence Agents [...]

By |2015-01-26T19:10:13+05:3015/01/2014|Categories: Economy|Tags: |96 Comments
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