The document summarizes the Reserve Bank of India's mid-year monetary policy review for 2011-12. It discusses the state of the global and domestic economies, outlook and projections, policy stance, and monetary measures. Key points include slowing growth in advanced economies and high inflation globally and domestically. The RBI revised down India's GDP growth projection to 7.6% while projecting inflation to ease to 7% by March 2012. The RBI raised its policy repo rate by 25 basis points while keeping an anti-inflationary stance. The review also covered interest rate policy, financial markets, stability, and credit delivery measures.
Quarterly overview of trends and driving forces in the US economy and Financial Services sector. Includes a number of key market metrics including economic indicators (S&P 500, interest rates, forex, ect.) and consumers measures (Synovate Financial Sentiment Index, etc).
Quarterly overview of trends and driving forces in the US economy and Financial Services sector. Includes a number of key market metrics including economic indicators (S&P 500, interest rates, forex, ect.) and consumers measures (Synovate Financial Sentiment Index, etc).
The UN/DESA Expert Group Meeting on the World Economy (Project LINK) was held in New York on 24-26 October. The agenda of the meeting included three broad items: (1) Economic outlook for the world economy in 2012-2013, (2) Major macroeconomic policy issues, and (3) Econometric modelling. The LINK Global Economic Outlook summarizes the forecasts for the world economy in 2012-2013. Also available are the LINK Country Reports which contain detailed country forecasts and policy analyses.
Neither bulls nor bears in 2011, LPL Financial Research expects the economy and the markets will be range-bound in 2011. Bound by economic and fiscal forces that will restrain and not reverse growth, we believe the markets will provide modest single-digit rates of return.
In 2011, business leaders, policymakers, and investors will play important roles in shaping the investing environment.
This presentation consist of the theoretical concepts of interest rate, economic growth, inflation, monetary policy, foreign flow of funds, budget deficit. And further data analysis is given based on 5 years monetary policy statement.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@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.
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@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
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
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
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
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
1. Highlights
Second Quarter
Review of
Monetary Policy
2011-12
29 October 2011 H Y Review 2011-12
2. Evolution
Busy Season & Slack Season
Credit Policies
Annual Policy and Mid-Term Review
Quarterly Reviews : Q1 & Q3
Mid-Quarter Review
29 October 2011 H Y Review 2011-12
3. Outline
Part A
1.State of the Economy
2.Outlook and Projections
3.The Policy Stance
4.Monetary Measures
29 October 2011 H Y Review 2011-12
4. Part B
Developmental & Regulatory Policies
1. Interest Rate Policy
2. Financial Markets
3. Financial Stability
4. Credit Delivery and Financial Inclusion
5. Regulatory & Supervisory Measures for Banks
6. Institutional Developments
29 October 2011 H Y Review 2011-12
5. State of the Global Economy
Economic Activity in Advanced Economies
weakening: Growth @1.5% & 1.3% in Q2 & Q3
Increasing concerns over sovereign debt
sustainability in euro area countries
Weak sovereign balance sheets and lack of
political will to find a solution
Large exposures of banks to sovereign debt
29 October 2011 H Y Review 2011-12
6. State of the Global Economy
High prices of crude oil and other commodities
High unemployment; consumer confidence
and private consumption impaired
Inflation above comfort zones in both
advanced economies and EMEs
Fiscal tightening hampering the
growth momentum in AEs and EMEs
29 October 2011 H Y Review 2011-12
7. Domestic Economy
Growth is decelerating: 7.7% in Q 1
Good Monsoon; record agricultural
production expected
All-round slowdown in industrial growth
The growth in service sector was holding up
29 October 2011 H Y Review 2011-12
8. Domestic Economy
WPI inflation has remained stubbornly
high averaging 9.6% in the current year
Inflation driven by all three major groups:
primary articles, fuel & power and
manufactured products
CPI still in the range of 9.3%
De-seasonalized sequential quarterly WPI
suggest moderation of inflation momentum!
29 October 2011 H Y Review 2011-12
9. Domestic Economy
M3 growth of 16.2% (17.2) and credit
growth of 19.3% (22.6%) were slightly
higher than indicative projections
Liquidity remained in deficit:
But within the comfort zone of RBI
Govt deficit indicators deteriorating
Fiscal deficit touched 66% of target by August
29 October 2011 H Y Review 2011-12
10. Domestic Economy
Deceleration in tax revenues and increase
in expenditure mainly towards subsidies
Increase in budgeted borrowing
by Rs 53000 crore
10 year benchmark coupon at 8.8%
Equity and forex markets came under
pressure: Reflected in equity prices,
exchange rate & CAD
29 October 2011 H Y Review 2011-12
11. Outlook and Projections
Global
Advanced economies are vulnerable
with the possibility of a prolonged slowdown
Consequent weakening of growth
prospects in EMEs
World GDP Growth: IMF Projections at
4% for 2011 and 2012
Inflation projected at 2.6% in advanced
economies and at 7.5% in EMEs
29 October 2011 H Y Review 2011-12
12. Outlook and Projections
Domestic
GDP growth projections for 2011-12
revised downwards to 7.6% from 8%
Inflation path depends on:
Behavior of crude prices
Movement of exchange rate
Supply response to food inflation
and protein items
Extent of pass-through of
global commodity prices
29 October 2011 H Y Review 2011-12
13. Outlook and Projections
Domestic
Inflation to ease from Dec 2011 and
projected at 7% by March 2012
Monetary policy to condition and contain
perception of inflation at 4% - 4.5%
M3 and non-food credit growth for 2011-12
projected at 15.5% and 18%
29 October 2011 H Y Review 2011-12
14. Outlook and Projections
Risks to projections of Growth and Inflation
Global macroeconomic
environment to impact
domestic growth through Weak
Shortage of protein- trade & finance channels growth may
rich items and soften crude
pulses can keep the prices
food inflation high
Increased market Impact of
borrowing by Govt Monetary Policy
can be diluted by
can crowd out
productive private fiscal
investment expansion
29 October 2011 H Y Review 2011-12
15. Policy Stance
The Story so far:
Exit from the crisis
CRR has been Policy rate raised
driven
raised by 100 basis 12 times by 350
expansionary
points basis points
policy in Oct 2009
Persistent anti- Helped to contain
Effective
inflationary stance inflation and
tightening by 500
for the last two anchoring inflation
basis points
years expectations
29 October 2011 H Y Review 2011-12
16. Policy Stance
Any Change in Policy Stance
can be premature
Growth concerns can be addressed
after inflation begins to decline
29 October 2011 H Y Review 2011-12
17. Monetary Measures
Policy Repo rate raised by 25 bp to 8.5%
Reverse Repo auto adjusts to 7.5% and
Marginal Standing Facility to 9.5%
“Notwithstanding current rates of inflation
persisting, the likelihood of rate action
in December Review is relatively low”
Inflation risks arise from structural imbalances
in agriculture, infrastructure bottlenecks,
distorted administered prices and the
pace of fiscal consolidation
29 October 2011 H Y Review 2011-12
19. I. Interest Rate Policy
Deregulation of Savings Bank
Deposit Rate
Each bank will have to offer a uniform interest
rate on savings bank deposits up to Rs.1 lakh
For savings bank deposits over Rs.1 lakh, a bank
may provide differential rates of interest
29 October 2011 H Y Review 2011-12
20. II. Financial Markets
The
Steps taken
Guidelines Guidelines
To extend to broaden
for exchange on Credit
DvP III and deepen
traded 5- Default
facility to the market
year and 2- Swaps for
transactions for Govt
year Interest corporate
by the Gilt securities
Rate Futures bonds to
Account and interest
to be issued come into
Holders rate
in Dec 2011 effect in Nov
derivatives
2011
29 October 2011 H Y Review 2011-12
21. III. Financial Stability
Financial Stability and Developmental
Council (FSDC) and its Sub- committee
Chaired by Governor, RBI
Two Technical Groups set up: one on
Financial Inclusion & Financial Literacy and
an Inter-Regulatory Technical Group
The Financial Stability Report for June 2011
included contributions from SEBI and IRDA
The banking sector is resilient, strong
and stable as per the latest FSR
29 October 2011 H Y Review 2011-12
22. IV. Credit Delivery & Financial Inclusion
Relaxation in Branch Authorization: No prior approval
needed to open branches in tier II centers
Committee set up to suggest revised Guidelines
with regard to Priority Sector lending
Credit flow to MSE sector to be closely
monitored by RBI Quarterly instead of Half-yearly
Licensing of state and central co-operative
banks and revival of short term Rural
Co-operative credit structure is on
29 October 2011 H Y Review 2011-12
23. IV. Credit Delivery & Financial Inclusion
Every village with a population of over 2000 to
be provided with banking services by 2012
(by branch, BC, ATM, mobile van, etc)
Progress made by banks in implementation of
Financial Inclusion Plans is monitored through
monthly and quarterly reports
Decided to implement the Recommendations
of the Committee on Customer Service
29 October 2011 H Y Review 2011-12
25. Measures for Commercial Banks
Draft Guidelines for implementing the Basel III
framework to be issued by December 2011.
Phase-in period begins in Jan 2013
Guidelines for implementation of advanced
approaches under Basel II framework
for market, credit and operational
risks are issued / being issued
BCBS to introduce countercyclical and
provisioning buffers. PCR an interim measure;
more realistic framework being prepared
29 October 2011 H Y Review 2011-12
26. Measures for Commercial Banks
To bring about transparency in pricing: risk to be priced
adequately and interest charged in fair and
non-discriminatory manner; Working Group set up
The prudential guidelines on „Restructuring of
advances‟ to be reviewed for suitable revision
Banks to rigorously evaluate risks arising out of
unhedged foreign currency exposures of their
corporates and price them in the credit risk premium
Introduction of holding company structure
for banks and FIs is under consideration
29 October 2011 H Y Review 2011-12
27. Measures for Commercial Banks
Licensing of new banks in the Private Sector:
Final Guidelines will be issued after the
amendments to the B R Act are approved
by Govt of India
Guidelines on the mode of presence of
foreign banks in India are being finalized
Guidelines on compensation practices are
being finalized in line with principles
recommended by FSB and BCBS Guidelines
29 October 2011 H Y Review 2011-12
28. VI. Institutional Developments
A new category of NBFCs called NBFC-MFIs
to be introduced: the regulatory framework
will be broadly based on the recommendations
of the Malegam Committee
The existing regulatory framework for
NBFCs is being comprehensively reviewed
Introduction of chip-based and PIN-based
cards and additional security safeguards at PoS
to be implemented by card issuers & banks
29 October 2011 H Y Review 2011-12
29. VI. Institutional Developments
NEFT: acceptability, reach and volumes are phenomenal;
Next Generation RTGS is underway
Automated data flow (a straight through process)
from the CBS of banks to the RBI being ushered in
To ensure that all cases of detection of forged notes
in banks are promptly reported to RBI & Police, filing
of FIR is done away with for detection up to four
pieces in a single transaction save monthly reporting
29 October 2011 H Y Review 2011-12