Rbi Quotes

Twenty metric tonnes of confiscated gold, worth US$200 million, held in its vaults was made available by the RBI to the State Bank of India for sale, with a repurchase option, to the Union Bank of Switzerland.

The Seventh Central Pay Commission was appointed in February 2014 by the Government of India (Ministry of Finance) under the Chairmanship of Justice Ashok Kumar Mathur. The Commission has been given 18 months to make its recommendations. The terms of reference of the Commission are as follows:  1. To examine, review, evolve and recommend changes that are desirable and feasible regarding the principles that should govern the emoluments structure including pay, allowances and other facilities/benefits, in cash or kind, having regard to rationalisation and simplification therein as well as the specialised needs of various departments, agencies and services, in respect of the following categories of employees:-  (i) Central Government employees—industrial and non-industrial; (ii) Personnel belonging to the All India Services; (iii) Personnel of the Union Territories; (iv) Officers and employees of the Indian Audit and Accounts Department; (v) Members of the regulatory bodies (excluding the RBI) set up under the Acts of Parliament; and (vi) Officers and employees of the Supreme Court.   2. To examine, review, evolve and recommend changes that are desirable and feasible regarding the principles that should govern the emoluments structure, concessions and facilities/benefits, in cash or kind, as well as the retirement benefits of the personnel belonging to the Defence Forces, having regard to the historical and traditional parties, with due emphasis on the aspects unique to these personnel.   3. To work out the framework for an emoluments structure linked with the need to attract the most suitable talent to government service, promote efficiency, accountability and responsibility in the work culture, and foster excellence in the public governance system to respond to the complex challenges of modern administration and the rapid political, social, economic and technological changes, with due regard to expectations of stakeholders, and to recommend appropriate training and capacity building through a competency based framework.   4. To examine the existing schemes of payment of bonus, keeping in view, inter-alia, its bearing upon performance and productivity and make recommendations on the general principles, financial parameters and conditions for an appropriate incentive scheme to reward excellence in productivity, performance and integrity.   5. To review the variety of existing allowances presently available to employees in addition to pay and suggest their rationalisation and simplification with a view to ensuring that the pay structure is so designed as to take these into account.   6. To examine the principles which should govern the structure of pension and other retirement benefits, including revision of pension in the case of employees who have retired prior to the date of effect of these recommendations, keeping in view that retirement benefits of all Central Government employees appointed on and after 01.01.2004 are covered by the New Pension Scheme (NPS).   7. To make recommendations on the above, keeping in view:  (i) the economic conditions in the country and the need for fiscal prudence; (ii) the need to ensure that adequate resources are available for developmental expenditures and welfare measures; (iii) the likely impact of the recommendations on the finances of the state governments, which usually adopt the recommendations with some modifications; (iv) the prevailing emolument structure and retirement benefits available to employees of Central Public Sector Undertakings; and (v) the best global practices and their adaptability and relevance in Indian conditions.   8. To recommend the date of effect of its recommendations on all the above.

Which is why every Bridgewater employee, including Dalio, has a digital "baseball card"--a summary that lists key personality stats the same way a bubblegum card shows a player's batting average and RBI totals. Each employee's baseball card is visible to every other employee--a way for people

H em bi lmek h em de b i l m e m e k, bir y a n d an u s t a ca u y d u r u l m uş ya l anl ar s ö y l e r k en bir y a n d an da t üm gerçeğin a y ı r d ı n da olmak, ç e l i ş t ikl e r ini bi l e r ek ve h er iki s ine de i n a n a r ak bi rbi r ini ç ü r ü t en iki görüşü aynı anda s a v u n m a k; ma n t ı ğa karşı m a n t ı ğı kull a nma k, ahlaka s a h ip ç ıkt ığını söyl e rken ahlakı y a d s ı m a k, h em d e m o k r a s i n in olanaksızlığına h em de P a r t i ' n in d emo k r a s i n in k o r u y u c u su o l d u ğ u na i n a nma k; u n u t u l m a sı g e r e k e ni u n u t m a k, gerekli o l ur o lmaz yeniden anıms amak, s o n ra b i r d en y e n i d en u n u t u v e r m e k: en ö n eml i si de, aynı işlemi i ş l emin k e n d i s i ne de u y g u l ama k.

the line, dragging its prize back down into the murky depths of the swamp. “There’s something in there, Frank!” Bob gasped, horrified. “Something took the fish.” “What are you talking about?” “It was a green hand—with scales,” Bob explained. Frank looked at his friend, his face a mixture of confusion and pity. Bob replayed the image in his mind; he knew what

•​The IMF's primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries (and their citizens) to transact with each other. The Fund's mandate was updated in 2012 to include all macroeconomic and financial sector issues that bear on global stability.

marketing is a business technique devised to sell products and services keeping in mind the needs and requirements of existing and prospective customers.

हाल ही में भारतीय रिजर्व बैंक (RBI) ने 2021 में सिक्योरिटी गार्ड के लिए 241 पदों की भर्ती जारी की है। इस पोस्ट के बारे में अधिक जानकारी प्राप्त करने के लिए कृपया आधिकारिक अधिसूचना डाउनलोड करें और इसे पूरा पढ़ें। इस पद के लिए फॉर्म भरने की तिथि 22 जनवरी 2021 से 12 फरवरी 2021 तक भरी जाएगी। जो उम्मीदवार इस फॉर्म को भरने के इच्छुक हैं, वे ऑनलाइन आवेदन पत्र भर सकते हैं। और इस फॉर्म को भरने की योग्यता 10 वीं पास है। अधिक जानकारी के लिए हमारी वेबसाइट के साथ जुड़े रहें।

Future of Prepaid Instruments Merchants continue to have their closed loop wallets as an easy way for pushing refunds, a tactic for increasing customer stickiness. But with instant refund solutions, these wallets also may lose their charm. Only a few types of prepaid cards have some value: Gift Cards (because these are a lazy person’s gifting choice), Forex cards (Quintessential for overseas trips) and Specialised cards (Sodexo). But this status is changing with the growth of a particular sector – NBFC/LendingTech. As NBFC/LendingTech companies cannot issue credit cards so prepaid cards are used as instruments to lend the money (by doing just in time funding to the prepaid card). In Apr’21, RBI have issued new guidelines for prepaid cards/wallets: Balance limit is increased to Rs. 2,00,000 Interoperability among PPI instruments Cash withdrawal at ATM and POS PPI entities can set-up operations for NEFT/RTGS transfers With these new guidelines and boom in neo-banks & LendingTech companies, prepaid cards and wallets may get another shot at not just revival but a remarkable growth. Let’s wait and watch!

BENEFITS OF MSME REGISTRATION There are diverse blessings that groups get after acquiring MSME registration in India below the MSME act. They are as follows: COLLATERAL FREE BANK LOANS Collateral loose loans are loans supplied to the lender through the borrower with none guarantee. One can method a borrower for a mortgage despite the fact that he/she has not anything to spend money on or pledge. The Government of India has made collateral-loose credit score to be had to all small and micro-enterprise sectors. This initiative ensures finances to micro and small-zone firms. Under this scheme, each the vintage in addition to the brand new firms can declare the advantages. REGISTRATION SUBSIDY A big 50% subsidy is given to the status quo having a certificates of registration granted through MSME. This subsidy for patent registration may be availed through filing packages to diverse ministries. CONCESSION ON ELECTRICITY BILLS One of the large advantages to the MSMEs, organizations registered below the MSME act can get a concession on strength payments. For doing this, they should post the payments along side an utility and a replica of the registered certificates through MSME. PROTECTION AGAINST DELAYED PAYMENTS Taking into consideration the uncertainty with the sales technology through diverse groups, the authorities offers a layer of defensive to them in opposition to bills. The Ministry of Micro, Small, and Medium Enterprise has given enterprise proprietors and firms to acquire hobby on bills not on time through the client. Under the MSME registration advantages, a client is predicted to make a fee for the goods/offerings inside 15 days of the purchase. If the client delays, the fee for greater than forty five days, the agency is eligible to rate compound hobby that's three instances the charge notified through RBI.

Frank and Bob looked at each other in disbelief.

The RBI Governor influences a wide range of microeconomic and macroeconomic issues in the country. His signature appears on currency notes and he controls the country's monetary, currency, and credit systems. His actions influence not only the entire banking system, but also stock markets, the economy, and people's lives at large. It is said that if he sneezes, markets tend to catch a cold!

HDFC Bank was the first of the private lenders to go public— even before it completed a full year. 'It was a mistake,' Deepak told me. The RBI required the new banks to go public within a year but all other lenders went back to the regulator and got extensions. 'We didn't ask for it. We were too naive,' Deepak said. 'Everybody took time as they wanted to get a premium. We sold at par, ₹10. But I have no regrets.' Deepak pushed for a par issue as the bank had nothing to show. And the disaster of parent HDFC's listing was still haunting him, though that had happened a decade and a half ago. In 1978, India's capital market was in a different shape and mortgage was a new product, not understood by many. HDFC put the photograph of its first borrower on the cover of its balance sheet, a D. B. Remedios from Thane, who took a loan of ₹35,000 to build his house. The public issue of HDFC bombed. In an initial public offering (IPO) of ₹10 crore, the face value of one share was ₹100. ICICI, IFC (Washington) and the Aga Khan Fund took 5% stakes each in the mortgage lender and the balance 85% equity was offered to the public, but there were few takers. The stock quoted at a steep discount on listing. For the bank, Deepak did not want to take any chance. So portions of the issue were reserved for the shareholders and employees of HDFC as well as the bank's employees. HDFC decided to own close to a 26% stake in the bank and NatWest 20%. Satpal was offered about 5% and the public 25%. The size of the public issue was ₹50 crore. 'We didn't know whether it would succeed. Our experience with HDFC had been a disaster,' Deepak said. But Deepak had grossly underestimated investors' appetite for the new bank. The issue, which opened on 14 March 1995, was subscribed a record fifty-five times. The stock was listed on the Bombay Stock Exchange (now known as BSE Ltd) on 26 May that year at ₹39.95, almost at a 300% premium.

NRE, FCNR, NRO or inward remittances, the amount can only be credited to the NRO account. The company may accept deposits under a private arrangement or public deposit scheme. A non-banking finance company (NBFC) is required to get registered with RBI and follow the RBI guidelines. Any firm or company accepting deposits are not allowed to use the funds for agricultural/plantation activities, real estate business or investing in other concerns engaged in these activities. Also, the funds cannot be used for re-lending (except NBFC) or repatriated outside India.

Loans NRIs can give loans to resident Indians on a repatriable or non-repatriable basis. NRIs can also receive loans from residents. Loan from NRIs in foreign currency or on a repatriable basis A resident Indian can borrow up to US dollars 250,000 from NRI close relatives on a repatriation basis i.e. on repayment, the NRI can credit the funds in an NRE account and take this money back without any restrictions. The NRI should be a close relative of the borrower. Please check ‘Who is your relative’ for details. The amount of loan should be received by an inward remittance or by debit to the NRE/FCNR account. The loan should be a minimum of 1 year and without any interest. The funds cannot be used for agricultural/plantation/real estate business or for relending. Income: As the loan should be interest-free, no income can be generated. Taxability: As there is no income, there is no tax. Loan from NRIs in Indian rupees or on a non-repatriable basis A resident, not being a company incorporated in India, may borrow in rupees from an NRI on a non- repatriation basis. The period of loan should be 3 years or less and the rate of interest should not exceed 2% over the prevailing bank rate at the time of the loan. The loan has to be utilized for meeting the borrower’s personal requirement or for his business purposes. The funds cannot be used for agricultural/plantation/real estate business or for relending or for investment in shares, securities or immovable property. For example, Ms. Isumati has given an unsecured loan to her father’s firm earning 15% interest. If she goes to the UK for further studies and becomes an NRI, while she may continue with the loan, RBI rules would apply. The funds cannot be used for real estate business and if the bank rate is 10%, she cannot be paid more than 12% interest on her loan. Her father would also need to deduct TDS @ 30.9% on the interest. Income: Income from loans given to residents is interest. Taxability: The interest income on loans given is taxable for NRIs. Loans to NRIs NRIs are allowed to borrow from a bank/authorized

RBI guidelines are just that, guidelines. Not the law of the land.

Basix also did not get a licence for a small finance bank which RBI gave to ten entities in 2015, eight of which are MFIs. VM said it was the final atonement for his being with the Kauravas. Possibly, he was referring to the MFI’s love for private equity investors who do not love the business of serving the poor as much as they love the money that is generated

may show that nothing has changed. As now, then too the government wanted a subservient governor. ***

Today, Palmstruch’s bank is known as the Sveriges Reiksbank. It awards the Nobel Prize in economics. Meanwhile,

England, then, like Pakistan today, was belligerent, untrustworthy and constantly at war with someone.

The bottom line was that the scheme was a measured risk, with a probability that the RBI would lose money, a certainty that the bankers would make money, but also a reasonable chance that the country would be significantly better off.

RBI’s regulatory power over government banks are weaker than those over private banks.

In a fit of anger, Sir Osborne had also once told the government that ‘as long as I run the Imperial Bank, I will not be run by London or anywhere else, … I would not tolerate interference with my business’. In 1936, he had written in a letter that he was ‘sick to death’ of the government’s attempt to ‘dominate the RBI’. But

According to him, the RBI had to be like a wife in a Hindu joint family who advises but does exactly as she is told.

Mr. Shrihas, an NRI from Bahrain owns 3 residential and 4 commercial properties in India and wants to buy 10 more residential/commercial properties. There is no limit on the number of properties an NRI can buy and Mr. Shrihas is allowed to buy any number of residential or commercial properties in India without prior approval from RBI.

Acquisition of immovable property by entities incorporated in Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal and Bhutan would require prior approval of RBI. However,

Mutual Fund Investments are not transparent: In India, SEBI regulates MFs. The money market MFs are regulated by RBI. There are restrictions as to the sponsor, board of trustees, asset management company, custodian, registrar, dealing with brokers, etc. The investment objective, fund manager, entry and exit loads, AUM, expense ratio and other terms and conditions are already known and provided in the SAI. Also, every MF scheme is required to publish a fact sheet on a quarterly/monthly basis that includes all the important facts that an investor would need to know about the scheme including portfolio holdings, past returns, performance ratios and dividends. Also, information relating to what’s in (bought) and what’s out (sold) by mutual funds is also available.

The Swedish economy—dependent, then, on mining and timber—was quite big in the mid-17th century. It needed money to finance its trade. But there was a problem: its currency, the daler, was made of heavy copper plates measuring one foot by two feet! The king needed a bank to store his ‘coins’. No good ideas were forthcoming from his subjects until a Latvian man called Johan Palmstruch convinced him that he would do it. He would set up the bank and, in return, give the king half the profits. When the king died, problems arose which were eventually resolved by the oldest sovereign trick in the book: the nationalisation of Palmstruch’s bank. Thus the concept of a central bank was born.

In 1956, at Aavadi, the Congress decided that the government would be the primary agency for promoting industrialisation. The Second Plan was launched a year later and it was predicated on an economic unorthodoxy for those times: deficit financing. This brought the RBI into direct conflict with the government.

P. C. Bhattacharya was the first non-ICS man to be appointed to the job and he had a soft ride. But in what would cause a major uproar today in Parliament and in the media, when the rupee was devalued by a huge 36 per cent in 1966, he was merely informed. The decision had been taken by Indira Gandhi in March that year when she visited the United States and met the representatives of the World Bank and IMF. But she kept it to herself till June. Even the finance minister didn’t know, let alone the poor RBI governor.

The Second Plan had turned out to be a limited economic and splendid political success. When it ended in 1961, no one could have thought that by the end of the decade India would be economically prostrate,

In June 1960 there was a run on the bank’s deposits and the bank collapsed. Even now, no one knows what really happened. Had the RBI been vindictive? Was it being overly cautious? Were there some political reasons for the action, as many now believe? There are many unanswered questions. But there were two positive effects: the birth of deposit insurance and tightening of the RBI’s grip on commercial banks because the government empowered the RBI to forcibly merge weak banks. It

RBI has given a general permission for NRIs and PIOs to invest in immovable property in India other than agricultural land/plantation property or a farm house. As

MFs are tightly regulated by SEBI and RBI. If SEBI suspects any misappropriation, it can freeze the assets, instruct brokers, dealers and custodians to stop trading and/or to liquidate the investments and redeem the funds to the investors.

The Tonnage Act, now called the Bank of England Act, was amended repeatedly over the next couple of centuries. The result was classic British fraud: the Bank of England came to be seen as a government institution, even though it was owned by private individuals. The board, however, was appointed by the government. In 1935, the British would impose the same model on India when the Reserve Bank of India was created. What had started as a Swedish necessity in 1678 and was a British one in 1694, became a global fad over the nineteenth and early twentieth centuries. Country after country set up central banks,

Oddly, the United States came rather late into the picture. It was only in 1913, thanks to the efforts of J. P. Morgan, that it got its own central bank, and called it the Federal Reserve Board or the Fed. The Fed would be the ‘lender of last resort’—to save greedy banks which had gone bust—something that happened all too often then.

As is the way of India, where things take decades to get started, the first official proposal to have a central bank came in 1913. Austen Chamberlain, a politician, was asked to analyse the gold exchange standard, which was used to maintain the exchange rate of the rupee at one shilling four pence. His commission contained no Indians but it did have John Maynard Keynes. The commission’s report was highly critical of the way things had been run till then, not because Indians were at the receiving end but because the British were not getting the best of it. It

Keynes said India should have a central bank which could be created by merging the three presidency banks. The new bank, to be called the Imperial Bank, would manage government balances, government debt and note issue. ‘Supreme Direction’ would be vested in the governor of the bank, the deputy governor and a representative of the government along with three or more ‘assessors’. The new bank would be a central bank as well as commercial bank. Everyone agreed that this was a good idea, but thanks to the First World War, nothing happened till 1926 when another committee was formed under Edward Hilton Young. He produced a short report saying what Keynes had said thirteen years earlier. In January 1927 a bill was passed authorising a central bank for India. Eight years later, the Reserve Bank of India came into being—on 1 April 1935. It

In a fit of anger, Sir Osborne had also once told the government that ‘as long as I run the Imperial Bank, I will not be run by London or anywhere else, … I would not tolerate interference with my business’.

Overall, the British officers in India regarded him as a colonial who sympathised with the natives. All that could have still been ironed over, but when he called Viceroy Lord Linlithgow ‘a weak ass’, it was the last straw. He had to go. So in July 1937, just two years after taking over as the first governor, he was forced to resign.

Deshmukh’s job, as the British saw it, was to behave as an English governor: help the war effort, which meant help raise money. But the Indians were not feeling very cooperative. So the RBI lent money to the British by means of huge deficit financing, which would be paid back in pounds.

If Britain had lost, it would have been that much money down the drain because the Germans could hardly be expected to honour British debts. In the end, the British simply decided not to honour their debt to India, at least not in full. The

Taylor’s task was clear: he was expected to keep things on an even keel, giving the impression of being independent while doing what the government wanted.

The tradition has lasted to date.

The war solved, in one stroke, both the interest rate and the exchange rate conflicts between the government and the RBI. Unfortunately,

1943, it had become clear to the British, though not to their prime minister, Winston Churchill, that they would have to leave India. The only question was how soon. This was a major factor in the appointment of Taylor’s successor, an ICS officer called C. D. Deshmukh who, incidentally, occupied 1, Safdarjung Road for a while in 1950. This house, which was allotted to Indira Gandhi, in 1964, is now a museum.

REPO rates are the rate at which banks borrow money from RBI. Reverse REPO rates are the rate at which banks can place their excess cash with the RBI.

Evropa je bila zabrinuta za kršenje i ugrožavanje dva osnovna principa na kojima egzistira punih 50 god i bez kojih nema trajnog mira kako na regionalnom tako i na svjetskom nivou. To su principi nepromjenjivosti granica i princip zaštite ljudskih prava. Zbog toga i naprijed navedenog mnoge zemlje, ne samo u Evropi već i u svijetu stale, su na stranu BiH uvjerene da su istovremeno stale na stranu Povelje UN i općeg medjunarodnog prava. Angažovanje SAD proporcionalno je raslo širenjem svijesti o etn čišćenju i strahotama razaranja u BiH kao i pritiskom sopstvenog javnog mnijenja koje je tražilo da se konačno nešto odlučnije poduzme. BiH i rješavanje krize u njoj bila je izuzetna prilika da se održi i poveća prestiž SAD nakon zaljevskog rata ne samo u SAD već i svijetu. Kada je situacija izgledala najbeznadežnija SAD su stavile svoj prestiž na kocku sa serijom visokorizičnih akcija počevši od sveobuhvatnog diplomatskog napora u avg, preko teškog bombardovanja srpskih položaja od strane NATO u sept, obustave vatre u okt, Daytona u nov, pa do rasporeda 20.000 američkih trupa u BiH u dec. Zahvaljujući ovakvom diplomatskom i vojnom angažovanju medj zajednice i uspjesima patriota BiH na frontu, rat je bio gotov - završen. NATO je prvi put u historiji poslao svoje snage izvan svog područja, a ruske trupe, pod amer zapovjedniptvom, bile su rasporedjene zajedno sa sanagama NATO-a. Dayton i BiH i aktivnosti u njoj stavili su SAD u epicentar svjetskih zbivanja. BiH je važna za SAD zbog činjenice da je svojevrstan test spremnosti djelovanja van NATO zone. Iskustva stečena u BiH biće značajna za rješavanje kriza u budućnosti, što je primjer Kosova i potvrdio. Ne treba zaboraviti činjenicu da se Daytonskim sporazumom sa stanovišta medjunarodnog prava kao ugovorne trave pojavljuju strane RBiH, RH i SRJ sa punim medj pravnim subjektivitetom. Sa BiH, njenim susjedom Kosovom, počeo je proces evropeizacije Balkana. Treba imati u vidu činjenicu da diplomatske akcije mogu biti od koristi ako iza njih stoji stvarna snaga odnosno moć. Vojno prisustvo medj zajednice u BiH rezultat je polit odluka, koje su produkt polit ciljeva glavnih činilaca u medj odnosima. Donošenjem poznate Rezolucije 1031 od 15.12.1995. NATO je dobio mandat da implementira vojne aspekte Mirovnog sporazuma za BiH.

Ripley’s Believe It or Not! cartoon is the longest-running cartoon strip in the world, read in 42 countries and 17 languages every day.

Governments, generally, regard central banks as a nuisance who come in the way of their delivering political promises; central banks, on the other hand, regard governments as a collection of irresponsible and self-seeking politicians whose idea of national interest is indistinguishable from their private and party interests.