Mathematical finance Current Affairs, GK & News

US Federal Reserve’s Rate Cut: Impact on India

The United States Federal Reserve has announced a quarter-percentage-point cut in interest rates. This was the first-rate cut in 11 years- the first since the global financial crisis broke in 2008. The rate cut marked a departure from the hawkish rate-hike trajectory of US Federal Reserve moving in the direction of bolstering the debt-laden American economy. ..

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Banks cut interest rates in the aftermath of demonetisation

State Bank of India along with some private banks has cut the interest rates on deposits. SBI has cut the interest rates on deposits from 1 year to 455 days to 6.90%. This may not be in the interest of those who are depositing their money in banks. The yields on 10-year government bond which ..

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Bank investment contract

A security with an interest rate guaranteed by a bank. It provides a specific yield on a portfolio over a specified period.

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Current Affairs : April 16, 2010

Appointments:Dr. N.C.Saxena Committee:Joint Committee of Ministry of Environment And Forests and Ministry of Tribal Affairs has been revised. Dr. N.C.Saxena, retired Secretary, Planning Commission will be Chairman of this committeeand Dr. Devendra Pandey, Fromer Director General, Forest Survey of India will be Co-Chairman. Awards:Prime Minister’s Awards for excellence in Governance for 2008-09Prime Minister’s Awards for ..

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