Roles, objectives and functions of Reserve Bank of India. Structure of RBI. It will give overview of RBI. It's regulatory functions and it's credit creation objectives. It will enlighten steps to Control inflation and the tools used for inflation control. It will also help students to get an overview of RBI structure and the functions it carries out
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
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Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
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Roles, objectives and functions of Reserve Bank of India. Structure of RBI. It will give overview of RBI. It's regulatory functions and it's credit creation objectives. It will enlighten steps to Control inflation and the tools used for inflation control. It will also help students to get an overview of RBI structure and the functions it carries out
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
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what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
Yes of course, you can easily start mining pi network coin today and sell to legit pi vendors in the United States.
Here the telegram contact of my personal vendor.
@Pi_vendor_247
#pi network #pi coins #legit #passive income
#US
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
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where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
2. MAJOR ROLE OF RBI (RESERVE BANK OF INDIA)
• Issue of Bank Notes:
• The Reserve Bank of India has the sole right to issue currency notes except one
rupee notes which are issued by the Ministry of Finance. Currency notes issued by
the Reserve Bank are declared unlimited legal tender throughout the country. This
concentration of notes issue function with the Reserve Bank has a number of
advantages: (i) it brings uniformity in notes issue; (ii) it makes possible effective
state supervision; (iii) it is easier to control and regulate credit in accordance with
the requirements in the economy; and (iv) it keeps faith of the public in the paper
currency.
• Banker to Government:
• As banker to the government the Reserve Bank manages the banking needs of the
government. It has to-maintain and operate the government’s deposit accounts. It
collects receipts of funds and makes payments on behalf of the government. It
represents the Government of India as the member of the IMF and the World
Bank.Bank
3. CONTINUE........
• Custodian of Cash Reserves of Commercial Banks:
• The commercial banks hold deposits in the Reserve Bank and the latter has the
custody of the cash reserves of the commercial banks.
• Custodian of Country’s Foreign Currency Reserves:
• The Reserve Bank has the custody of the country’s reserves of international
currency, and this enables the Reserve Bank to deal with crisis connected with
adverse balance of payments position.
• Lender of Last Resort:
• The commercial banks approach the Reserve Bank in times of emergency to tide
over financial difficulties, and the Reserve bank comes to their rescue though it
might charge a higher rate of interest.
4. CONTINUE..
• Central Clearance and Accounts Settlement:
• Since commercial banks have their surplus cash reserves deposited in the Reserve
Bank, it is easier to deal with each other and settle the claim of each on the other
through book keeping entries in the books of the Reserve Bank. The clearing of
accounts has now become an essential function of the Reserve Bank.
• Controller of Credit:
• Since credit money forms the most important part of supply of money, and since the
supply of money has important implications for economic stability, the importance
of control of credit becomes obvious. Credit is controlled by the Reserve Bank in
accordance with the economic priorities of the government.
5. FUNCTIONS OF RBI IN INDIAN BANKING SYSTEM
• Monetary Authority: It decides how much money is needed to be supplied to the
economy in order to stabilize the exchange rate, maintaining good balance of
payment, attain financial stability, control inflation, strengthening the core banking
system.
• The issuer of currency: It has the sole authority in India to issue currency. It also
takes action to control the circulation of fake currency.
• The issuer of Banking License: As per Sec 22 of Banking Regulation Act, a bank
cannot start functioning without obtaining license from the Reserve Bank Of India.
• Banker and debt manager of government: RBI keeps deposits of Governments
without charging any interest, receives and makes the payment, carry exchange
remittances, and help to float new loans and manage public debt, it also acts as an
advisor to Government.
6. CONTINUE.......
• Money supply and Controller of Credit: To control demand and supply of money
in Economy by Open Market Operations, Credit Ceiling, etc. RBI has to match the
credit requirements of the rest of the banking system. It needs to maintain price
stability and a high rate of economic growth.
• Banker’s Bank: RBI is the bank of all banks in India as it provides the loan to
banks/bankers, rediscount the bills of banks and accept the deposit of banks.
• Act as clearinghouse: For the settlement of banking transactions, RBI manages
14 clearing houses. It facilitates the exchange of instruments and processing of
payment instructions.
7. CONTINUE......
• Manager of foreign exchange: It acts as a custodian of FOREX. It administers and
enforces the provision of Foreign Exchange Management Act (FEMA), 1999. RBI
buys and sells foreign currency to maintain the exchange rate of Indian rupee v/s
foreign currencies.
• Regulator of Economy: It controls the money supply in the system, monitors
different key indicators like GDP, Inflation, etc.
• Managing Government securities: RBI administers investments in institutions
when they invest specified minimum proportions of their total assets/liabilities in
government securities.
• Regulator and Supervisor of Payment and Settlement systems: The Payment
and Settlement systems Act of 2007 (PSS Act) gives RBI oversight authority for the
payment and settlement systems in the country. RBI focuses on the development
and functioning of safe, secure and efficient payment and settlement mechanisms
8. CONTINUE......
• Publisher of monetary data and other data: RBI maintains and provides all
essential banking and other economic data, formulating and critically evaluating the
economic policies in India. RBI collects, collates and publishes data regularly.
• Exchange manager and controller: RBI represents India as a member of the
International Monetary Fund [IMF]. Most commercial banks are authorized dealers
of RBI
• Banking Codes and Standards Board of India: To measure the performance of
banks against Codes and standards based on established global practices, the RBI
set up the Banking Codes and Standards Board of India (BCSBI).
9. CONTINUE......
• Fair Practices Codes For Lenders:- RBI formulated the Fair Practices Code for
Lenders which was communicated to banks to safeguard the interest of the
borrowers. All the banks are supposed to follow the codes formulated by RBI.
• Miscellaneous Functions: The RBI collects, collates and publishes all monetary
and banking data regularly in its weekly statements in the RBI Bulletin (monthly)
and in the Report on Currency and Finance.
• Provision of Industrial Finance: Rapid industrial growth is the key to the
development of the economy. Providing adequate and timely credit to small,
medium and large industry is very important. The RBI has played a pivotal role in
setting up special financial institutions such as IDBI Ltd, ICICI and EXIM BANK etc.
10. RBI’S ROLE IN CURRENT SCENARIO
• The role of RBI in Indian economy has changed according to the scenario in the
country. In April 2019 the RBI took the monetary policy decision to lower
its borrowing rate to 6%. This was the second rate cut for 2019 and is expected to
have a positive impact on the borrowing rate across the credit market more
substantially. Prior to April, credit rates in the country have remained relatively high,
despite the central bank’s positioning, which has been limiting borrowing across the
economy. The central bank must also grapple with a slightly volatile inflation rate
that is projected at 2.4% in 2019, 2.9% to 3% in the first half of 2020, and 3.5% to
3.8% in the latter half of 2020.
11. RBI’S ROLE IN ECONOMIC
DEVELOPMENT
• RBI’s role in the economy is pivotal as it makes or breaks the economy. Below
mentioned are the areas where RBI plays an importat role
• Development of banking system
• Development of financial institutions
• Development of backward areas
• Bringing Economic stability
• Facilitating Economic growth
• Preparing Proper interest rate structure
12. RBI’S ROLE IN PROMOTING
SCHEMES AND POLICIES
• Introducing schemes and policies which benefit the public as well as the government is one
of the important function of RBI. Below mentioned are the sector RBI prioritizes for economic
development
• Promotion of commercial banking
• Promotion of cooperative banking
• Promotion of industrial finance
• Promotion of export finance
• Promotion of credit guarantees
• Promotion of differential rate of interest scheme
• Promotion of credit to priority sections including rural & agricultural sector
• Promotion of credit to weaker sections
13. SUPERVISORY FUNCTIONS OF RBI
• Providing license to banks & keeping a control on the number of new branches
• Doing periodical inspection of banks
• Controlling Non-Bank Financial Institutions: The Non- Bank Financial Institutions are
not influenced by the working of a monitory policy. RBI has a right to issue directives
to the NBFIs regarding their functioning.
• Implementation of the Deposit Insurance Scheme: In order to protect the deposits of
small depositors, RBI work to implement the Deposit Insurance Scheme in case of a
bank failure. (For bank deposits below 1 Lakh.)
14. PROHIBITORY FUNCTIONS OF RBI
• It cannot provide any direct financial assistance to any industry, trade or business
• It cannot purchase its own share
• It cannot purchase shares of any commercial and industrial undertaking
• It cannot purchase any immovable property
• It cannot give loans on the security of shares and property
15. RBI FUNCTIONS – GENERAL TERMS
• Monetary policy refers to the use of regulatory tools under the control of the RBI in
order to regulate the availability, cost and use of money and credit.
• Cash Reserve Ratio (CRR): Banks are required to hold a certain proportion of their
deposits in the form of cash with RBI. RBI uses CRR either to drain excess liquidity
from the economy or to release additional funds needed for the growth of the
economy.
• Statutory Liquidity Ratio (SLR): SLR is the amount that commercial banks are
required to maintain in the form of gold or government approved securities before
providing credit to the customers.
• Fiscal Policy: It is related to direct taxes and government spending. When direct
taxes increases and spending of government increases than the disposable Income
of the people reduces and hence the demand reduces
16. • Repo Rate: The rate at which the RBI loans out money to commercial banks is
called Repo Rate. Whenever banks face limitation of funds they can borrow from
the RBI, against securities. If the RBI increases the Repo Rate, borrowing becomes
quite expensive for banks and vice versa. As a tool to control inflation, RBI
increases the Repo Rate, making it more expensive for the banks to borrow from
the RBI with a view to restricting the availability of money. Similarly, the RBI will do
the exact opposite in a deflationary environment.
• Reverse Repo Rate: The rate at which the RBI is willing to borrow from the
commercial banks is called reverse repo rate. If the RBI increases the reverse repo
rate, it means that the RBI is willing to offer good interest rate to banks to deposit
their money with the RBI. This results in a decrease in the amount of money
available for banks customers as banks prefer to deposit their money with the RBI
as it guarantees higher security. This naturally leads to a higher rate of interest
which the banks will demand from their customers for lending money to them.