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RBI – Reserve Bank of India

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  The Reserve Bank of India (RBI) is India’s central bank, also known as the banker’s bank. The RBI controls the monetary and other banking policies of the Indian government. What are the major functions of the RBI?   The preamble of the RBI says... "to regulate the issue of Bank notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage; to have a modern monetary policy framework to meet the challenge of an increasingly complex economy, to maintain price stability while keeping in mind the objective of growth." Some of the basic functions of the RBI are:   1. Issuer of notes: The RBI is the only institution which has the control over printing of currency notes (except the one rupee note, which is printed by the finance ministry).   2. Banker to the government: The RBI performs banking functions for the state and central governments. It advises the governmen...
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What Is the Federal Reserve System (FRS)?

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  The Federal Reserve System (FRS) is the United States' central bank. It is perhaps the most powerful financial institution in the world, and is commonly referred to as the Fed. It was established to provide the country with a secure, adaptable, and stable financial and monetary system. The Fed is governed by a seven-member board of directors. There are additional 12 Federal Reserve banks, each with its own president who represents a different district. Key TakeAways. The Federal Reserve System is the central bank and monetary authority of the United States. The Fed provides the country with a safe, flexible, and stable monetary and financial system. The Federal Reserve System is composed of 12 regional Federal Reserve Banks that are each responsible for a specific geographic area of the U.S. 1 The Fed's main duties include conducting national monetary policy, supervising and regulating banks, maintaining financial stability, and providing banking services. The Federal Open Ma...
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Thump Rule for Buying Car OR When should you Buy your First Car ?

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  20/4/10 Rule of Thumb for Car Buying Purchasing a car is a significant financial commitment and is sometimes one of the largest expenditures that many individuals will make in their lives. Finding the best approach to fit a car purchase into your budget is critical to ensuring you acquire an affordable set of wheels. When preparing to finance a new car, the 20/4/10 rule of thumb can help you swiftly narrow down your vehicle selections. Here's how the rule works so you can apply it to your personal money, as well as some insight into when it would make sense to change the guidelines to match your circumstances. How Does the 20/4/10 Rule of Thumb  for Car Buying Work? The 20/4/10 rule employs simple algebra to assist car buyers in determining their budget. According to the method, you should put down 20% on a car and finance it for four years, spending no more than 10% of your monthly salary on transportation. The 10% you spend on transportation each month comprises your auto...
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