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Reserve Bank of Zimbabwe introduces Gold coins to tackle inflation

In a bid to tackle chronic hyperinflation, Zimbabwe has launched new gold coins which will have "liquid asset status". This means they can be converted to cash, traded locally and internationally, and...

Central Bank of India Q1 Result: Net profit of Rs 235 crore

Today on 25th July 2022, Central Bank of India declared their first quarter result for the financial year 2022-23. Major highlights of Central Bank of India Q1 result press release: Bank earned Net...

Things You Must Know About Asian Development Bank Downgrades Asia GDP Forecast

The Asian Development Bank has downgraded its forecast for gross domestic product growth in developing Asia this year. The sole reason for this is China's Covid Zero approach. The measure of containing...

What Are Floter Fund?

A floater fund is a fund which invests in financial instruments with a debt orientation, they provide you with a variable or ‘floating interest rate’ and thus, the name. Investors prefer debt...

What does the Rupee falling mean for the common man in India?

The rupee falling in India can seriously impact the economy and the common person. It is a calling for several financial disturbances for the country as well as the common person. The following...

RBI Measures to Control Money Depreciation

Money depreciation indicates the economic degrowth of the country. In simple words, the value of the India Rupee has fallen by a certain percentage compared to the US dollar. It is a...

Jansamarth Portal – All you need to know

Government of India launched Jansamarth Portal, the first digital portal in India which links all types of lending schemes sponsored by Government Of India in one portal. Here, anyone can apply for...

China’s Henan Villagers Frozen Out as Banks Refuse to Repay Deposits

The Henan bank crisis continues to worsen, as only a handful of depositors have received payments despite promises that the money would be repaid in batches. This is causing widespread anger and...

Rupee Falls past 80 Per Dollar For First Time, Recovers After RBI Intervenes

The Indian rupee total hit a record low for seventh straight session straight by falling to 80 per US dollar but went on to recover lost ground against the greenback owing to...

World Bank Approved $1 Billion Loan For Ayushman Health Scheme

The World Bank has approved a $1 billion loan for India's Ayushman Bharat health scheme, which is aimed at providing free health insurance to more than 500 million people. The loan will...