The customer has to specify the time period at the time of depositing with the deposit fetching higher rate for longer term deposit. At the time of withdrawal, the customer shall get back the same amount of gold and the interest amount may be paid in cash or gold. Gold received through the scheme can, then … Continue reading Gold Monetisation Scheme.. (Part II)
It’s rather funny how words or phrases which essentially, are said in jest, get ballooned into controversy if said by the top leaders. The “Andhon Me Kana Raja” phrase used by Dr Rajan is haunting the RBI Guv. To be honest, yes, the English translation, “one-eyed king in the land of the blind” does sound awkward. … Continue reading In Defense of Dr Rajan…!
(On suggestion from certain quarters, based on the relevance of subject..) कल्पना कीजिये कि एक ग्राम सोना बाजार में एक हज़ार रुपए के नोट के रूप में आसानी से आदान-प्रदान किया जा रहा है। चूंकि नोट आसानी से उपलब्ध है और आसानी से अदला बदली की जा सकती है, वहाँ भविष्य की जरूरतों के लिए या इसकी कीमत के बढ़ जाने … Continue reading सोना मुद्रीकरण योजना… (भाग 1)
In an important judgement, Honourable Supreme Court has imposed a fine of Rs 25 lakh each on all the three parties in a corporate case dating back to 1998. The case is about a share purchase & cooperation agreement entered into by Messer Griesham GmbH, a German Company and an Indian company called Goyal Gases Ltd and … Continue reading Supreme Court fines petitioners for waste of Court's time…
The launch of e-NAM – the electronic platform for trading of agriculture produce and creating a unified National Agriculture Market, is probably, as revolutionary a move for farmers as was the Economic liberalisation of 1991 for the whole nation. And the fact that it has come 25 years after that path breaking exercise, speaks so … Continue reading e-NAM – A game changing initiative..!
The data for IIP growth for Feb’16 show a smart recovery. The IIP growth rate has improved to 2.0% against three consecutive months of decline at an average pace of -2.0%. Which means it is a reversal of nearly 4%. While most of the gain has come from mining and Electricity, manufacturing has also showed … Continue reading IIP Growth – How good are the numbers..??
The IMF projects a 0.2% downward revision for the world growth in 2016, which stands at 3.2% now. Almost all the major economies have witnessed a downward revision, except China for which there is 0.2% upward revision and India where there is no change. Beyond the numbers, key points of the 230 page report (equal to … Continue reading IMF World Economic Outlook, April'16. What is new…