Reserve Bank of India (RBI) is scheduled to do its next bi-monthly monetary policy review on 29th of September 2015. The Governor of RBI, Raghuram Rajan, is under pressure from both Government and the industry, to loosen monetary policy. Monetary policy is the action taken by the central bank/ RBI to control the amount of money supply. …
WHAT IS GREECE DEBT CRISIS? Greece is in a sovereign debt crisis. It is unable to repay the debt owed to other countries. Greece has been in crisis since the year 2009 and now its debt is over 170% of GDP. WHAT IS THE ROOT CAUSE OF THE CRISIS? The root cause of the crisis …
Gross Domestic Product/ GDP is the final value of all goods and services produced in the economy in a given year. Before reading this article, I suggest you read this article: Gross Domestic Product (GDP) Demystified.
What exactly happened in China? The stock prices in China have been declining sharply since June 2015. On 24th August 2015, the stock prices fell by a massive 8.5%. It was the biggest one-day decline since the financial crisis of 2007 and was dubbed as “Black Monday”. Why did it happen?
What is inflation? In simple terms, inflation is the increase in the price of goods and services, and the inflation rate is the rate at which such increase takes place. Let’s say, the price of apple increases from Rs. 100 per kg to Rs. 110 per kg. It is inflation. The inflation rate of apples …