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The International Monetary Fund (IMF) was formed in 1944 and has 188 member countries. It is headquartered in Washington D.C. and has over 2,600 staff from 147 countries. The IMF works to promote global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. It provides economic advice, loans to countries experiencing economic difficulties, and technical assistance and training to its members.
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According to the Banking Companies Act of 1949, a bank is defined as an institution that accepts deposits from the public, repayable on demand or otherwise, and uses those deposits to lend money or make investments. The document then lists different types of banks in India such as commercial banks, cooperative banks, rural cooperative banks, urban cooperative banks, the State Bank of India and its associates, nationalized banks, foreign banks, regional rural banks, and non-scheduled banks. It also lists some modern banking technologies and services used by banks like core banking solutions, customer relationship management, electronic funds transfer, electronic clearing services, any branch banking, risk management, ATMs, card management, and mobile banking.
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A slang phrase for credit cards, especially when such cards used to make purchases. The "plastic" portion of this term refers to the plastic construction of credit cards, as opposed to paper and metal of currency. The "money" portion is an erroneous reference to credit cards as a form of money, which they are not. Although credit cards do facilitate transactions, because they are a liability rather than an asset, they are not money and not part of the economy's money supply.
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According to the Banking Companies Act of 1949, a bank is defined as an institution that accepts deposits from the public, repayable on demand or otherwise, and uses those deposits to lend money or make investments. The document then lists different types of banks in India such as commercial banks, cooperative banks, rural cooperative banks, urban cooperative banks, the State Bank of India and its associates, nationalized banks, foreign banks, regional rural banks, and non-scheduled banks. It also lists some modern banking technologies and services used by banks like core banking solutions, customer relationship management, electronic funds transfer, electronic clearing services, any branch banking, risk management, ATMs, card management, and mobile banking.
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source:net
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Plastic money refers to various types of plastic bank cards like ATM cards, credit cards, debit cards, and smart cards. There are four main advantages to using plastic money: 1) it guarantees payments like checks, 2) it allows withdrawing cash from ATMs, 3) it enables electronic funds transfer payments at point of sale, and 4) it allows buying goods on credit. Smart cards contain microchips with user information. Plastic money allows payments at stores through credit card transactions that are processed through a clearing system between retailers, credit card companies, and customers.
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The document discusses the evolution of the banking structure in India and provides details on the various components of the Indian banking system. It summarizes the key recommendations of the Narasimham Committee reports which aimed to reform the banking sector and enhance efficiency. It also explains some basic banking concepts like PLR, repo rate, reverse repo rate, CRR, and SLR.
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The document summarizes the current state of the Indian economy based on news from August 15-21, 2013. Key points include:
- Inflation is rising to a 5-month high due to fuel prices and food inflation. The rupee is devaluing against the dollar.
- The government has imposed restrictions on gold imports to curb the current account deficit.
- Tensions are rising between the government and RBI governor over monetary policy. The rupee continues falling despite measures.
- Onion prices have jumped back up due to low domestic supply, prompting the government to float a tender for onion imports.
Plastic money
Plastic money refers to payment cards like debit cards, credit cards, prepaid cards, and store cards that are used instead of cash. Debit cards directly deduct funds from a linked bank account for purchases. Credit cards provide a line of credit and require monthly payments of balances. Prepaid cards are loaded with funds that can be spent until the balance reaches zero. Store cards can only be used at a specific retailer and are often used as marketing tools.
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The Post 1930 Era saw major global economic disruptions from the Great Depression and World War II. Countries responded by raising trade barriers and devaluing currencies to compete for exports. This led to a breakdown in international cooperation and a decline in world trade. At a conference in Bretton Woods in 1944, representatives agreed to establish the IMF to oversee the international monetary system and support countries facing economic difficulties through lending and other programs. The IMF formally began operations in 1947 with 29 member countries.
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This document summarizes the history and structure of the Indian economy. It discusses three phases of economic development: pre-colonial, colonial, and post-colonial. The colonial period negatively impacted the economy through exploitation of resources. Currently, the economy has primary, secondary, and tertiary sectors and faces challenges like inflation, infrastructure issues, and debt. However, with continued reforms and growth, India is projected to become one of the largest economies globally by 2035.
International Monetary Fund
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The document summarizes the evolution of the banking system in India. It describes the old banking system from 1786 to 1969 which involved manual documentation and few services. It then discusses the nationalization of banks from 1969 to 1991. Finally, it outlines the new banking system post-1991 reforms involving increased technology usage through tools like core banking solutions, ATMs, and online services that have improved customer experience but also introduced new risks like hacking and phishing.
Project about banking
The document provides information on banking in India. It defines banking as accepting deposits that are repayable on demand for the purpose of lending and investment. It discusses the key functions of commercial banks like accepting deposits and lending. It also outlines the banking system in India, including the roles of the Reserve Bank of India and State Bank of India. Major trends in the banking sector include the rise of electronic payments and digital banking services like internet banking, mobile banking, and real-time fund transfers.
international monetary fund
The document discusses the International Monetary Fund (IMF). It was established in 1945 at the Bretton Woods Conference to promote international economic cooperation and provide financial assistance and advice to member countries. The IMF works to ensure the stability of the international monetary system and oversees the global financial system. It has 189 member countries and provides loans to countries experiencing economic crises in order to stabilize currencies and balance of payments. The IMF also provides technical assistance and training to member states.
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The document provides information about the International Monetary Fund (IMF) and the World Bank. It discusses that the IMF and World Bank were established at the Bretton Woods conference in 1944 to support post-war reconstruction and international economic cooperation. The IMF aims to facilitate global monetary exchange and provide temporary financial assistance. It has 188 member nations and oversees issues like exchange rates and international trade. The World Bank seeks to promote economic development in poorer countries by providing long-term financing for projects and special assistance to the poorest nations. Both organizations are membership-based and work to reduce poverty globally.
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The International Monetary Fund (IMF) is an international organization that oversees the global financial system. It aims to promote international monetary cooperation, facilitate balanced global trade, maintain exchange rate stability, and provide loans to countries experiencing economic hardship. The IMF has 189 member countries and is governed by a Board of Governors and Executive Board. It monitors countries' economic policies, provides financial assistance through loans, and offers technical support to help strengthen members' financial systems and reduce global poverty.
International Monetary Fund (IMF)
The International Monetary Fund (IMF) is an organization of 188 countries that works to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty. The IMF provides policy advice, research, loans, and technical assistance to help member countries. Key functions include surveillance of members' economic policies, lending to address balance of payment issues, and technical assistance. The IMF has helped Pakistan's economy through various loans totaling billions of dollars since the 1980s.
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The document provides an overview of the International Monetary Fund (IMF). It discusses the IMF's establishment in 1944, mission to promote international monetary cooperation and financial stability, organizational structure, financing through member quotas, and lending activities. The IMF monitors members' economic policies and risks, provides policy advice and capacity development, and issues Special Drawing Rights (SDRs) to supplement official foreign exchange reserves. The IMF obtains its financial resources from member quotas as well as multilateral and bilateral borrowing agreements.
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Plastic money refers to various types of plastic bank cards like ATM cards, credit cards, debit cards, and smart cards. There are four main advantages to using plastic money: 1) it guarantees payments like checks, 2) it allows withdrawing cash from ATMs, 3) it enables electronic funds transfer payments at point of sale, and 4) it allows buying goods on credit. Smart cards contain microchips with user information. Plastic money allows payments at stores through credit card transactions that are processed through a clearing system between retailers, credit card companies, and customers.
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The document discusses the evolution of the banking structure in India and provides details on the various components of the Indian banking system. It summarizes the key recommendations of the Narasimham Committee reports which aimed to reform the banking sector and enhance efficiency. It also explains some basic banking concepts like PLR, repo rate, reverse repo rate, CRR, and SLR.
Indian banking structure
Banking in India originated in the late 18th century with the Bank of Hindustan and General Bank of India. The oldest and largest bank still in existence is the State Bank of India, which originated from the Bank of Bengal and later merged with the Bank of Bombay and Bank of Madras to form the Imperial Bank of India. In 1955 it became the State Bank of India. The government nationalized many banks in 1969 and they remain under government ownership as public sector undertakings. The modern Indian banking sector includes public sector banks, private sector banks, foreign banks, regional rural banks, urban cooperative banks and state cooperative banks.
Indian economy
The document summarizes the current state of the Indian economy based on news from August 15-21, 2013. Key points include:
- Inflation is rising to a 5-month high due to fuel prices and food inflation. The rupee is devaluing against the dollar.
- The government has imposed restrictions on gold imports to curb the current account deficit.
- Tensions are rising between the government and RBI governor over monetary policy. The rupee continues falling despite measures.
- Onion prices have jumped back up due to low domestic supply, prompting the government to float a tender for onion imports.
Plastic money
Plastic money refers to payment cards like debit cards, credit cards, prepaid cards, and store cards that are used instead of cash. Debit cards directly deduct funds from a linked bank account for purchases. Credit cards provide a line of credit and require monthly payments of balances. Prepaid cards are loaded with funds that can be spent until the balance reaches zero. Store cards can only be used at a specific retailer and are often used as marketing tools.
International Monetary Fund
The Post 1930 Era saw major global economic disruptions from the Great Depression and World War II. Countries responded by raising trade barriers and devaluing currencies to compete for exports. This led to a breakdown in international cooperation and a decline in world trade. At a conference in Bretton Woods in 1944, representatives agreed to establish the IMF to oversee the international monetary system and support countries facing economic difficulties through lending and other programs. The IMF formally began operations in 1947 with 29 member countries.
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The Indian economy has transitioned from being primarily agriculture-based to an economy with large industries and services sectors. While India has experienced significant growth in recent decades, issues remain such as poverty, unemployment, and economic inequality. The recession has brought new challenges for India's economy in spreading growth equitably, completing important projects, and dealing with financial uncertainty from global capital flows and exports.
Indian Economy
Meaning of Indian Economy..
Characteristics of Indian Economy..
Types of Economy..
Chart of Economic System..
Ppt on indian economy
This document summarizes the history and structure of the Indian economy. It discusses three phases of economic development: pre-colonial, colonial, and post-colonial. The colonial period negatively impacted the economy through exploitation of resources. Currently, the economy has primary, secondary, and tertiary sectors and faces challenges like inflation, infrastructure issues, and debt. However, with continued reforms and growth, India is projected to become one of the largest economies globally by 2035.
International Monetary Fund
The IMF is an organization of 186 countries that works to foster global monetary cooperation and secure financial stability. It provides policy advice and financing to help countries achieve macroeconomic stability. The IMF tracks global economic trends, warns of potential problems, and shares expertise to help countries address economic difficulties. It supports members through policy advice, research, loans, and technical assistance. The IMF aims to ensure the stability of the international monetary system and help members promote growth and alleviate poverty.
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This document provides an overview of the economy of India, including key statistics and sectors. It discusses India's GDP growth rate, important industries like telecommunications and food processing, top export and import partners, sectors like agriculture and banking, and external trade. It also outlines objectives of India's 11th five-year plan such as reducing poverty and improving education, health, and infrastructure.
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The document provides information about the Indian economy, including its location in Asia with New Delhi as the capital and Mumbai as the financial capital. It notes that India has the 10th largest nominal GDP and 3rd largest GDP by PPP. Some key statistics presented include a GDP of $1.87 trillion, GDP growth of 4.7% in 2013, GDP per capita of $1504, and inflation of 8.79% in January 2014. The main industries and sectors contributing to the economy are also outlined, along with details about exports, imports, public finance, currency exchange rates over time, and the impacts of declining GDP growth.
Indian economy
The Indian rupee has evolved over centuries from silver coins to the current paper currency system. Under British rule in the early 1900s, the rupee was divided into 16 annas, each further divided into smaller units. In 1957, India decimalized its currency, with the rupee divided into 100 paise. The Reserve Bank of India began producing currency in 1938. Current banknotes feature portraits of Mahatma Gandhi and have numerous security features including watermarks, security threads, and optically variable ink. Coins in circulation include the 1, 2, 5, and 10 rupee denominations, though paise coins are rarely used.
Banking system ppt
The document summarizes the evolution of the banking system in India. It describes the old banking system from 1786 to 1969 which involved manual documentation and few services. It then discusses the nationalization of banks from 1969 to 1991. Finally, it outlines the new banking system post-1991 reforms involving increased technology usage through tools like core banking solutions, ATMs, and online services that have improved customer experience but also introduced new risks like hacking and phishing.
Project about banking
The document provides information on banking in India. It defines banking as accepting deposits that are repayable on demand for the purpose of lending and investment. It discusses the key functions of commercial banks like accepting deposits and lending. It also outlines the banking system in India, including the roles of the Reserve Bank of India and State Bank of India. Major trends in the banking sector include the rise of electronic payments and digital banking services like internet banking, mobile banking, and real-time fund transfers.
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The IMF is one of most influential International Financial Institution committed for the reducing global poverty by meeting the challenges and opportunities of globalization. Hence, It urges on its member countries continued cooperation on transparent monetary and economic policies, honest government, and the establishment of rule of law. Although the IMF has been contributing to the economic development of developing countries including Bangladesh, we need to deeply examine the recommendations before accept the Fund’s assistance because of some controversial events has arisen before.
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💼 Dive into the intricacies of capital gains taxes in Canada with this insightful video! Learn through three detailed examples how these taxes work and how recent changes might impact you.
❓ What are capital gains taxes? Understand the basics of capital gains taxes and why they matter for your investments.
💸 How much taxes do I pay? Discover how the amount of tax you owe is calculated based on your capital gains.
📊 Federal tax rates: Explore the federal tax rates applicable to capital gains in Canada.
🏢 Provincial tax rates: Learn about the varying provincial tax rates and how they affect your overall tax bill.
⚖️ Combined tax rates: See how federal and provincial tax rates combine to determine your total tax obligation.
💵 Example 1 – Capital gains $500k: Examine a scenario where $500,000 in capital gains is taxed.
💰 Example 2 – Capital gains of $1M before the changes: Understand how a $1 million capital gain was taxed before recent changes.
🆕 Example 3 – Capital gains of $1M after the changes: Analyze the tax implications for a $1 million capital gain after the latest tax reforms.
🎉 Conclusion: Summarize the key points and takeaways to help you navigate capital gains taxes effectively.
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Abot imf
- 1. Presentation By: V.GURU SAITHEJA SECTION ‘B’ TO Prof. ANU RADHA
- 2. International Monetary Fund (IMF) • Formed in 1944 at the Bretton Woods Conference • membership: 188 countries • Headquarters: Washington, D.C. • Executive Board: 24 Directors each representing a single country or a group of countries • Staff: Approximately 2,600 from 147 countries Summary about the company
- 3. Surveillance Technical assistance Lending
- 4. History • co-operation and reconstruction (1944-71) • the end of Bretton Woods system (1972-81) • debt and painful reforms (1982-89) • Societal Change for Eastern Europe and Asian Upheaval (1990–2004) • Globalization and the Crisis (from 2005)
- 5. Organizational structure Board of Governor Ministerial committee's Executive board Christine Lagarde
- 6. Functions Advice – govt Loans – economic difficulties Loans – poverty Technical assistance and training Research, statistics, analysis & forecast
- 7. • XDR or SDR - foreign exchange reserve assets - maintained by IMF. • Value is based on a basket of key international currencies reviewed by IMF every five years. • SDR is neither a currency nor a claim on the IMF . Freely usable currency of IMF members. • Holders can exchange in 2 ways.
- 8. Latest News Nov – 13 – 2015 The exchange rate for the Indian Rupee Nov – 16 – 2015 The exchange rate for the Special Drawing Right Indian currency unit per SDR(on Nov 13) 91.541600 SDR per Indian currency unit(on Nov 16) 0.0109240000