Notes and Study material for Exams
The Rao Manmohan Model is an economic model that was developed by Indian economist Manmohan Singh. The model is based on the idea of LiberalizationLiberalization, PrivatizationPrivatization, and GlobalizationGlobalization-2GlobalizationGlobalization. It was implemented in India in the early 1990s, and it has been credited with helping to improve the country’s economy. The Rao Manmohan Model has three … Read more
The S.S. Tarapore Committee: A Pivotal Moment in India’s Financial History The S.S. Tarapore Committee, formally known as the Committee on Capital Account Convertibility, played a pivotal role in shaping India’s financial landscape. Established in 1997 under the chairmanship of Dr. S.S. Tarapore, a former Deputy Governor of the Reserve Bank of India (RBI), the … Read more
The Real Effective Exchange Rate: A Key Indicator of Competitiveness The Real Effective Exchange Rate (REER) is a crucial economic indicator that measures the relative price of a country’s goods and services compared to its trading partners, taking into account inflation and exchange rate fluctuations. It provides a comprehensive view of a country’s competitiveness in … Read more
Reflation: A Double-Edged Sword in the Economic Landscape The term “reflation” has become a buzzword in recent years, particularly in the context of global economic uncertainty. It signifies a deliberate attempt by policymakers to stimulate economic growth by increasing the money supply and lowering interest rates, aiming to combat deflationary pressures and revive demand. However, … Read more
Disinflation: A Deeper Dive into the Economic Phenomenon Disinflation, a term often used interchangeably with deflation, is a crucial concept in macroeconomics. While both terms relate to a decrease in the general price level, they differ in their nuances and implications. This article delves into the intricacies of disinflation, exploring its causes, effects, and potential … Read more
The Monetary Policy Committee: Guardians of Economic Stability The Monetary Policy Committee (MPC) plays a crucial role in shaping the economic landscape of a nation. This independent body, often composed of economists and financial experts, is tasked with setting interest rates and managing the money supply to achieve specific macroeconomic objectives. This article delves into … Read more
The Monetary Policy Framework Agreement: A Foundation for Stability and Growth The global financial landscape is a complex and dynamic environment, constantly evolving in response to economic, political, and technological shifts. To navigate this intricate terrain, central banks around the world have adopted a range of tools and strategies, with the Monetary Policy Framework Agreement … Read more
The Reserve Bank of India Act, 1935: A Foundation for Monetary Stability and Economic Growth The Reserve Bank of India (RBI) Act, 1935, stands as a cornerstone of India’s financial system, establishing the central bank and outlining its crucial role in regulating the nation’s monetary and financial landscape. This legislation, enacted during the British Raj, … Read more
The Power of the Purse: Understanding Money Supply and Its Impact on the Economy The concept of money supply might seem abstract, but it’s a crucial driver of economic activity. It’s the lifeblood of the financial system, influencing everything from interest rates and inflation to employment and economic growth. Understanding how money supply works is … Read more
The Reverse Repo Rate: A Tool for Managing Liquidity and Interest Rates The financial world is a complex ecosystem, constantly in flux, with various mechanisms working in tandem to maintain stability and facilitate economic growth. One such mechanism, often overlooked by the general public, is the reverse repo rate. This seemingly technical term plays a … Read more