Economy – CACube

What is Balance of Payment? What is balance of Trade? What is current account deficit/ Surplus and capital account deficit / Surplus? What is forex reserve? What is Trade Deficit/ Surplus?

February 16, 2021March 16, 2021 JupiterLeave a Comment

There is many terms like Balance of payment, Balance of Trade, Current A/c Deficit, Capital account deficit, trade deficit, forex reserve which appears to be confusing to many students. Read the complete article to develop such understanding about these terms that you will never forget. Please refer following basic points before going ahead in learning […]

Decision Making and Risk Factor: How to take an economic decision considering the risk factor?

November 16, 2020March 22, 2021 JupiterLeave a Comment

Every person wants to make the best decision but every person may have a different risk attitude and our risk attitude play a major role in our decision making. On the basis of risk attitude, people can be divided into the following three categories:- Risk-Averse person:- A person who does not like to take the […]

Insights of Indian Economy before hit by COVID-19

August 13, 2020March 22, 2021 JupiterLeave a Comment

Insights of Indian Economy before hit by COVID-19 Parameters Value Remarks Area 3,287,263 sq km Area of india within 15200 km of land frontier and 7516 km of coastline. Population-2018 135.26 Crores (BPL-21.9%, approx 29 crores) India’s population is approx 138 crore in June 2020 which is approx 17.7% of total world population. Median age in […]

How a Package of Rs. 20 Lakh Crores going to make India – Atmanirbhar Bharat: First Phase-13th may 2020

May 13, 2020February 28, 2021 JupiterLeave a Comment

How a Package of Rs. 20 Lakh Crores going to make India – Atmanirbhar Bharat: First Phase-13th may 2020 We all know that Indian Independence day is celebrated on 15th August. We secured our independence on 15th August 1947 or we can say we were declared independent on 15th August 1947 when UK parliament passed […]

Coronavirus (COVID-19): How much harmful is corona for world economy? What should we do? What should investors do in this era of viruses i.e. Coronavirus.

March 18, 2020March 1, 2021 JupiterLeave a Comment

Coronavirus (COVID-19): How much harmful is corona for world economy? What should we do? What should investors do in this era of viruses i.e. Coronavirus.? There are many questions come to everyone’s mind regarding Coronavirus (Covid-19). Share market is facing one of the biggest fall due to corona virus. Hence investors are in panic. Everyone’s […]

Current position of Indian Economy w.r.t. Economic Survey of India for FY 2019-20 (presented in Parliament on 31-01-2020)

February 1, 2020February 28, 2021 JupiterLeave a Comment

Current position of Indian Economy w.r.t. Economic Survey of India for FY 2019-20 (presented in Parliament on 31-01-2020) Economic Survey 2019- 20 was presented in the Parliament by Finance Minister Nirmala Sitharaman on January 31, 2020. The theme of Economic Survey 2020 is- “Enable markets, promote ‘pro-business’ policies and strengthen ‘trust‘ in the economy”. The […]

Is it right time for the privatisation or consolidation of public sector banks?

March 20, 2018February 28, 2021 JupiterLeave a Comment

Current market share of public sector banks is 70% which is reducing very rapidly i.e. approximately 4% a year. After 5 year, Estimated the market share of public and private sector bank will be in the ratio of 50:50. Infosys chairman Nandan Nilekani said that market share of public sector bank may reduce to something […]

Fraud prone Indian Banking & RBI: Recent Steps to strengthen Banking.

March 11, 2018February 28, 2021 JupiterLeave a Comment

After recent scam of 12646 crores in PNB done through fraudulent issuance of letter of undertaking (LOU) , RBI have to take necessary steps to prevent such fraud in future. Market share of public sector bank is 70%, But after scam of 12646 crores in PNB the shares of public sector banks have lost their […]

Paytm received approval from SEBI to become Registered Investment Advisor.

March 7, 2018February 28, 2021 JupiterLeave a Comment

Business of E-wallet companies are affected by RBI guidelines for mandatory KYC in E-wallet. Last date for updation of KYC in E-wallet was 28th Feb. 2018. However those who have not updated KYC in their E-wallet are not going to lose their money in E-wallets. They are allowed to use money already available in E-wallet […]

Updates about PNB Fraud case of Rs. 12700 crore.

March 6, 2018February 28, 2021 JupiterLeave a Comment

Some Updates about PNB fraud case of Rs. Rs.12700 crore:- Axis Bank’s MD, Shikha Sharma and ICICI Bank’s MD Chanda Kochhar along with some senior officer of 31 banks summoned by Serious Fraud Investigation Office (SFIO) for questioning regarding extension of loans to Gitanjali Groups. Central Bureau of Investigation (CBI) has registered two cases in […]

RBI to Infuse Rs. 1 Lakh crore in the banking system in the month of March

March 5, 2018February 28, 2021 Jupiter

To manage additional demand of liquidity, RBI decided to Infuse Rupees 1 lakh crore in the banking system through special auctions in the month of March i.e. before close of the financial year 17-18. RBI decided to conduct four variable-rate term repo auctions in March 2018. The amount in each auction would be Rs 25000 […]

On 1st March 2018, Cabinet cleared "Fugitive Economic Offenders Bill 2018"

March 1, 2018February 28, 2021 JupiterLeave a Comment

The Cabinet today cleared Fugitive Economic Offenders Bill which targets big defaulters involved in economic crime of over Rs. 100 crores. “Fugitive Economic Offenders Bill 2018” has been brought to confiscation of properties of such fugitives. There will also be the provision to confiscate those assets outside India but co-operation of that country will be […]

Investment Decisions: Are your Investment decisions destroying your Wealth?

February 4, 2018February 28, 2021 JupiterLeave a Comment

Investment Decisions: Are your Investment decisions destroying your Wealth? Every investor wants to create huge wealth by taking best investment decisions. But sometimes decisions taken to create wealth become responsible for destruction of wealth itself. Generally investors are unaware of Break even rate of return which is minimum return to catch up with inflation and […]

Universal Basic Income (UBI): A substitute of social welfare schemes to reduce poverty

January 31, 2017February 28, 2021 JupiterLeave a Comment

Universal Basic Income (UBI): A substitute of social welfare schemes to reduce poverty What is concept of Universal Basic Income (UBI)? As per the concept of Universal Basic Income (also known as Unconditional Basic Income, Social Dividend, Citizen’s Income), the government have to pay a unconditional sum of money to every citizen on periodical basis. […]

Payment Banks: Revolutionising the Banking Sector

January 30, 2017February 28, 2021 JupiterLeave a Comment

Payment Banks: Revolutionising the Banking Sector In September 2013, the Reserve Bank of India constituted a committee headed by Dr Nachiket Mor to study Comprehensive financial services for small businesses. The committee submitted its report to RBI in January 2014.One of the key suggestions of the committee was to introduce specialised banks or ‘ Payment […]

UPI: Unified Payment Interface – A step of India towards Cashless Economy

August 27, 2016February 28, 2021 JupiterLeave a Comment

UPI: Unified Payment Interface – A step of India towards Cashless Economy RBI Governor, Sh. Raghuram Rajan (born 3 February 1963) who became governor on 04th September 2013 by replacing Sh. D. Subbarao, now going to be replaced by Sh. Urjit R Patel on date 04th September 2016. Sh. Urjit R. Patel (born 28 October […]

Cabinet approves Implementation of the recommendations of 7th Central Pay Commission

July 5, 2016February 28, 2021 JupiterLeave a Comment

Cabinet approves Implementation of the recommendations of 7th Central Pay Commission The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has approved the implementation of the recommendations of 7th Central Pay Commission . It will come into effect from 01.01.2016. 7th CPC recommendations are being implemented within 6 months from the due date, […]

Minimum Wages Rate in India Vs. USA

May 18, 2016February 28, 2021 JupiterLeave a Comment

Minimum Wages Rate in India Vs. USA Below is some short analysis of comparison of minimum wages rates in India and USA: Minimum wage in USA In USA, there is dual minimum labor wage system: Federal Minimum Labor Wage. State Minimum Labor Wage. In the 50 states and one DC (District of Columbia), separate minimum […]

What is difference between Pledge, Mortgage and Hypothecation?

May 18, 2016February 28, 2021 Jupiter

What is difference between Pledge, Mortgage and Hypothecation I have received some queries asking the difference between Pledge, Mortgage and Hypothecation. This question is normally asked in interviews in banking and even bankers are found confused about the little difference between these terms. To understand the difference between these terms first find the similarity in […]

India-Mauritius Tax treaty revised to curb Black Money

May 17, 2016February 28, 2021 JupiterLeave a Comment

India-Mauritius Tax treaty revised to curb Black Money On date 11-05-2016, India getting Mauritius to sign a revised India-Mauritius tax treaty after a decade-long effort since 1996, was an attempt to curb black money generation. Under the revised treaty, from April 1, 2017, companies routing funds into India through Mauritius will have to pay short-term […]

Basics of Letter of Credit(LC)

May 16, 2016February 28, 2021 Jupiter

Basics of Letter of Credit(LC)/Documentary Credit What is Letter of Credit? How does it work? What are different Types of LC? Is there any law governing LC? What is Documentary Credit? Importance of LC in International Trade. These are the questions ringing in the mind of people starting new business or people dealing with finance […]

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