Public Debt Management Agency

Public Debt Management Agency has been proposed to be set up by the Finance Minister in his budget 2015-16 speech. This separation of debt management from monetary policy is being seen as a watershed reform in the financial circles. Debt ..

Australia wins ICC Cricket World Cup for 5th time

Australia on 29 March 2015 won the ICC Cricket World Cup 2015 for the record fifth time. In the final match Australia defeated co-hosts of the tournament, New Zealand by 7 wickets played at the iconic Melbourne Cricket Ground (MCG), ..

Month: Current Affairs - March, 2015

Trade Receivables Discounting System

Trade Receivables Discounting System or TReDS is a welcome step by RBI to secure finances for micro, small and medium enterprises. It has been set up under the regulatory framework set up by RBI under Payment and Settlement Systems Act ..

Double Financial Repression

Indian Banking System is faced by many ideas and challenges stemming from both policy and structure. The experts have suggested that the system is affected by Double Financial Repression. Latter, as pointed out by Economic Survey 2014-15, is a phenomenon ..

Probity in Governance

Probity (Satyanishtha in Hindi) literally means a complete and confirmed integrity; having strong moral principles. Every day, we hear and talk about probity in public life. We expect our political leaders and bureaucrats to be transparent in their dealings. Their ..

Key Hindrances to Good Governance

Good governance means an accountable and audited public service which has the bureaucratic competence to implement appropriate public policies and an independent judicial system to uphold the law. Despite the continuing efforts to enhance the quality of governance in the ..