The Unified Payments Interface (UPI) is India’s online payments system. UPI lets you transfer money online directly into a bank account linked to the UPI. NPCI (National Payments Corporation of India) launched it in 2016. Money is a medium of exchange through which we can buy and sell things. One of our articles discusses the … Read more
Cash Reserve Ratio = CRR 👈 👉 SLR = Statutory Liquidity Ratio In the previous post, we read about the Monetary Policy Committee (MPC) and the instruments of the monetary policy. The RBI uses instruments of the monetary policy to regulate the price stability in the economy. The Cash Reserve Ratio (CRR) and the Statutory … Read more
The Monetary Policy Committee of the RBI is the decision-making body regarding the RBI’s benchmark rates, the Repo rate and the bank rate. The monetary decisions taken by the RBI shape the short-term and long-term growth scenario of our economy. The key benchmark rates decide/influence the interest rates of the banking sector. Visit the RBI … Read more
The Central statistical office (CSO) calculates and publishes the data related to the inflation, The CSO calculates the Consumer price index (CPI). As a consumer, we should be aware about the CPI as it shows the retail level inflation in an economy. The other inflation type, which is wholesale price index (WPI). The Office of … Read more
Reserve Bank of India is the central bank of our country. RBI/Reserve Bank manages the currency and its supply. it regulates and supervises banks in India.