Monday, November 30, 2015

RBI announcement - No major change in Key rates

The Reserve Bank of India (RBI) kept benchmark repo rate unchanged at 6.75 percent.

It has also left CRR and SLR unchanged at 4 percent and 21.5 percent, respectively.

The RBI has also kept economic growth projection unchanged at 7.4 percent for FY16.

The central bank has also kept the reverse repo rate under the LAF unchanged at 5.75 percent, and the marginal standing facility (MSF) rate and the Bank Rate at 7.75 percent.

Saturday, November 21, 2015

Some Numbers and Major Initiatives

  • AMRIT scheme: This is the initiative to provide chepaer lifesaving drugs. 1st AMRIT outlet at AIIMS for life saving drugs at 50-60% cheaper will cover 202 Cancer, 186 Cardio drugs & 148 types of cardiac implants
  • MUDRA scheme: The drivers of Indian economy, are not big corporates but so called "Unorganized" sector. Small businessmen have to take credit at a very high rate. This scheme is the first initiative to assist. 7. 53 lac people have availed loans of upto 50000 under MUDRA & 10 lac people availed loans of 50k to 5 lacs , approx 20000 Cr under MUDRA
  • India's Current Account Deficit in July 2013 (21,772) ,CAD in July 2015 (6200) Cr 2 BSNL loss in 2013 to profit of 672 cr profit in 2015
  • India won't need coal imports by 2017
  • FDI in India increased by 15% in the first six months of the year to $20.5 billion with services, construction and IT the main recipients

Thursday, November 12, 2015

PM Modi's speech at Guildhall London

A summary of new economic measures taken by India is best explained by this speech by PM. In every foreign visit he showcases what India has to offer.
This speech at Guildhall is a must for any MBA student who would like to update himself.