New Rs 50 Banknotes to be introduced in Mahatma Gandhi Series

The Reserve Bank of India has announced that it will issue Rs 50 denomination banknotes in the Mahatma Gandhi Series-2005. The new notes will have inset letter ‘L’, ‘R’ in both the number panels with the signature of Dr Urjit ..

India’s new buzzword: “Policy Paralysis”

‘Policy Paralysis’ is the new exhortation echoing in the news media. According to news search conducted via Factiva, the catchphrase hit over 590 mentions in June 2012. The references soared as the rupee plunged to a record low of 57.32 ..

Month: Current Affairs - July, 2012

1991-like crisis highly improbable: D Subbarao

As per RBI governor D Subbarao, despite high fiscal and current account deficit it is highly improbable that India could witness the replication of the 1991 economic crisis that was caused by similar reasons. As per him factors like floating ..

Month: Current Affairs - June, 2012

Implications of Falling Rupee

The Rupee was on its lowest point in 2 years after September 2009. The sustained fall is not only bad news for importers but is also fuelling inflation, pushing up prices of fuel and other commodities. The Falling Rupee is ..

Month: Current Affairs - November, 2011

Third Five Year Plan (1961-1966)

The first two plans developed a institutional structure to take the country on path of developed economy. Third plan for the first time rode on the wave of high expectation following overall growth of the economy of India. In this ..