FinBankatix

Welcome to FinBankatix, a banking & finance blog here for you to explore. Banking & Finance is my major domain, and I love having the opportunity to share my ideas and thoughts with my readers. Read on, and enjoy.

Search This Blog

Showing posts with the label ByteDance

View all

Posts

Ban on Tik-Tok: Concerns over National Security or the beginning of Tech War?

on September 20, 2020

+

0

Get link
Facebook
X
Pinterest
Email
Other Apps

Followers

Zayax Somra: New Delhi, New Delhi, India

Visit profile

Labels

5G
AatmaNirbhar Bharat
Agriculture
Atmanirbhar Bharat
Baba Ramdev
Banking
Boycott China
ByteDance
Canada
China

COVID-19
Denmark
Digital Quality of Life
DQL Index 2020
Economics
Economy
Education
Education policy
Electronic Infrastructure
Export Credit
Exports
Facebook
FDI
Finance
Finbankatix
Forex
FPI
Galwan Valley
GDP
Gold
Google
Government
Government of India
Housing
Imports
India
India Digitization Fund
Indian Market
Intel
Internet Affordability
Internet Quality
Jio
K-Shaped Recovery
KV Kamath
KV Kamath Committee
Made in India
Mega Privatisation Drive
Modi Government
Monetary Policy
MSME
Mukesh Ambani
NEP2020
NPA
Oracle
Patanjali
Priority Sector
Priority Sector Lending
Privatisation
PSL
Punjab National Bank
Qualcomm
RBI
Recession
Reliance
Reserve Bank of India
Ruchi Soya
Security
Silver Lake
Social Infrastructure
State Bank of India
Stock Market
Surfshark
Sweden
Tik Tok
TikTok
Trade war
Trump
US
Vista
VPN
Walmart

Show more Show less

Report Abuse

Contact Us

Name

Email *

Message *

India's Rising Forex Reserves!

India’s Rising Forex Reserves India’s forex reserves have been making it to headlines regularly for the past few months, as its forex reserves cross $ 500 billion. Why is it so special? What are forex reserves? What is its importance? Why are they rising even after the slowdown in the economy? We’ll be discussing all of it here!! The economy is under stress, we all have seen a massive plunge in the GDP but rising forex reserves have come as a breather during these harsh times as it can cover India’s import bill for more than a year. What are forex reserves? As per IMF, external assets that a country’s monetary authority can use to meet the balance of payment financing needs. Forex reserves have 4 components: 1. Foreign Currency Assets 2. SDR (Special Drawing Rights) 3. Gold 4. RTP (Reverse Tranche Position) Now, in India’s case Forex reserves have risen to a whole new level, but why? The rise in the forex reserves of India are a consequence of various factors,

RBI’s Revised Guidelines for Priority Sector Lending

RBI’s Revised Guidelines for Priority Sector Lending On September 4, 2020, RBI revised the guidelines for priority sector lending, applicable to all commercial banks including RRBs, Small Finance Banks, Local Area Banks, and Primary (Urban) Cooperative Banks to align it with the emerging needs of the country and bring a sharper focus on inclusive development. The questions that arise are what is Priority Sector? Why were the guidelines issued in the first place? What has changed compared to earlier guidelines? What can be its impact, if any? Priority Sector means those sectors which the Government and Reserve Bank of India consider important for the development of the basic needs of the country and are to be given priority over other sectors. What this means is that RBI and Government push credit to credit-starved sectors for the development of the nation so that there can be better credit penetration to these sectors. Talking about the earlier guidelines issued, RBI ha

Powered by Blogger