The Monetary Policy Committee (MPC) is the body of the RBI headed by its Governor. The body is responsible for taking the important monetary policy decisions for determining the repo rate. The Monetary policy committee is a statutory body established under the provisions of RBI act 1934. The functions of the committee are: The main ..
The 2008 financial crisis brought the world to a standstill. Even India was not immune from the impact of the crisis. But the impact was limited. The aftermath effects of the crisis continued to haunt India for a longer period of time. The dark clouds of another financial crisis are looming large over India. Why ..
The ratio of addition of the incurred losses and operating expenses as part of the percentage of earned premium is known as the Combined Ratio. It measures the profitability of the insurance company to find out its performance in day to day operations. It basically gauges the outflow of money from the insurance company as ..
Totalization agreements are international social security agreements that eliminate dual social security taxation, both in the home country and the country where an employee works. Once it is signed it would benefit workers of both the countries. What is a Social Security Agreement (SSA)? A social security agreement (SSA) refers to an agreement between two countries, ..
The Union Transport Ministry is planning to complete all the stalled highway projects under a new model called Hybrid Annuity Model. This model was proposed last year and is a mix of BOT (Built Operate Transfer) and EPC (Engineering, Procurement and Construction) model. Comparing the models Currently, there are three different models in India for ..