Economy: Inflation, IIP Figures and More!!!

Thursday, November 29th, 2018 Amritesh one response

Inflation figures for Retail and Wholesale headed in different direction as per the latest data released for the previous month, Retail Inflation slowed to 12 month low, whereas Wholesale Inflation touched 4 month high. The difference is attributed to rise in crude prices and rupee depreciation impacting the Wholesale Inflation while moderation in Food prices helped Retail Inflation to cool off. This is due to higher weightage associated with Food items in the Retail Index. Monetary Policy Committee (MPC) may observe the trend for the coming months, before taking a call on revision of repo rate. MPC has lowered the retail inflation estimate to 3.9% to 4.5% for 2nd half of Financial Year 2018-19. Retail Inflation below 4% is a…

Digital Banking: Emergence Of Payment Banks

Wednesday, November 21st, 2018 Amritesh no responses

Technology has transformed the way one banks or carries out business transactions. Fintech has played an important role in the evolution of the Financial Services industry. Digital Banking is fast becoming the preferred mode of operation among the millennial. It not only reduces cash based transaction but also leads to greater transparency and accountability, benefitting the economy as a whole. This brings us to the whole new concept of Payment Banks. In absence of a structured banking system and non availability of easy credit, Individuals from economically weaker section of the society are often subject to exploitation. To address such malpractices, Micro-Credit Institutions came into existence which provides financial assistance to needy Individuals. Over the last couple of decades, many…

Budget 2018: Highlights

Thursday, February 1st, 2018 Amritesh no responses

Budget 2018 is the last comprehensive budget for the current Government before General Election slated for 2019. The Budget was expected to be a populist one considering Lok Sabha as well as eight State Legislative Elections coming up. Government has tried to strike balance between Populism and Reforms. Budget 2018 may be seen as attempt to provide some benefits to each section of the society but primary focus was on Rural Population, Farmers and the Agriculture Sector. The Salaried Class and Investors might have reasons to feel disappointed with no changes in the tax slab and re-introduction of Long Term Capital Gain (LTCG) tax on Equities. However, introduction of Standard Deduction is aimed at providing marginal relief to the Salaried…

Digital Banking: The Technology Driven Revolution

Thursday, July 6th, 2017 Amritesh no responses

Payment Banks have gained prominence of late, the regulatory body Reserve Bank of India (RBI) is encouraging such type of banks which facilitate digital transaction and simplify the process of opening savings bank account for individual transaction. It is also aimed at driving the society to cashless economy by promoting digital transaction over cash based transaction. These banks are set to revolutionize the retail banking experience. Payment Banks facilitate smoother and hassle free platform for carrying out transaction. Similar to Payment Banks are the Digital Banks which offer similar features to the end customers. It is very easy for the Individuals to open the account using their mobile phone and within short span of time your account is ready for…

BUDGET 2017-18: Things To Know

Sunday, February 12th, 2017 Amritesh 2 responses

The Budget for Financial Year 2017-18 was presented earlier this week by our Hon’able Finance Minister in the parliament. This was the first budget post demonetization drive with a lot of expectation from the various sections of the society. The Government had to balance the budget keeping in mind the interest of the common people as well the need to address issues of reforms and economy growth. Many were quite skeptical about the Budget post the demonetization. The budget did announce few benefits for the Common Class but it was more directed towards the cleaning up of the parallel economy run through black money and move towards more compliant India. Some of the facts which came out during the budget…

Wholesale and Retail Inflation Go Reverse, Industrial Output Surges

Tuesday, January 24th, 2017 Amritesh no responses

WHOLESALE PRICE INDEX (WPI) Wholesale Price Index (WPI) for the month of December, 2016 rose marginally to 3.39% as compared to 3.15% in the previous month. The rise primarily fuelled by the rising Crude prices in the Global Market. The food inflation fell sharply by (-) 0.7% as compared to 1.54% in the previous month. The softness in the wholesale vegetables and pulses basket is a welcome relief for the economy. In fuel and power segment, inflation rose to 8.65% as compared to 7.07% in the previous month, it is expected to rise further as OPEC nations have decided to cut down the supply of crude. Wholesale Inflation takes into account the prices paid by the manufacturers on the goods…

Inflation Softens in November Due to Fall in Food Prices and Demonetization, Industry Output Down

Thursday, December 15th, 2016 Amritesh one response

WHOLESALE PRICE INDEX (WPI) Wholesale Price Index (WPI) for the month of November, 2016 moderated to 3.15% as compared to 3.39% in the previous month. Softening of prices is the impact of the demonetization which has slowed the down the economy to a certain extent. The moderation in food inflation also has helped in keeping the inflation rates under check. The food inflation fell sharply to 1.54% as compared to 4.34% in the previous month. The softness in the wholesale vegetables and pulses basket is a welcome relief for the economy. In fuel and power segment, inflation rose to 7.07% as compared to 6.18% in the previous month, it is expected to rise further as OPEC nations have decided to…

Demonetization: Potential Impact on Economy and Finance

Sunday, November 20th, 2016 Amritesh no responses

  Demonetization of larger denomination notes (i.e Rs 500, Rs 1,000 to be precise) has taken the nation by storm, it is being talked about in the every nook and corner of the nation. Some are favouring the move while others are not too pleased with it. But at the end of it all, the truth is that Rs 500 and Rs 1,000 notes are no longer the legal tender and Individuals are better off exchanging the same from the Bank branches nearest to them. Masses have been impacted by the move but then any reform is bound to affect the common people. Rural population are bound to hit hard by such a move and many may question the timing…

Inflation Softens in October as Food Prices Go Down, Rate Cut Expected

Friday, November 18th, 2016 Amritesh no responses

WHOLESALE PRICE INDEX (WPI) Wholesale Price Index (WPI) for the month of October, 2016 eased marginally to 3.39% as compared to 3.57% in the previous month. Softening of prices will provide some breathing space to the policy makers when they discuss the future policy roadmap. The moderation in food inflation has helped in keeping the inflation rates under check. The food inflation fell sharply to 4.34% as compared to 5.75% in the previous month. The softness in the wholesale vegetables and pulses basket is a welcome relief for the economy. In fuel and power segment, inflation rose by 6.18% as compared to 5.58% in the previous month, it is expected to rise further but nothing alarming atleast for now. Wholesale…

Inflation Softens in September as Food Prices Go Down, Industry Output Still Sluggish

Sunday, October 16th, 2016 Amritesh no responses

  WHOLESALE PRICE INDEX (WPI)   Wholesale Price Index (WPI) for the month of September, 2016 eased marginally to 3.57% as compared to 3.74% in the previous month. Softening of prices will provide some breathing space to the policy makers when they discuss the future policy roadmap. The moderation in food inflation has helped in keeping the inflation rates under check. The food inflation fell sharply to 5.75% as compared to 8.23% in the previous month. The softness in the wholesale vegetables and pulses basket is a welcome relief for the economy. In fuel and power segment, inflation rose by 5.58% as compared to 1.62% in the previous month, it is expected to rise further but nothing alarming atleast for…
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