Remember when a dollar could buy you a candy bar or a gallon of gas? Well, those days are long gone. Inflation has been chipping away at the value of our money for decades. But what exactly is inflation, and why does it happen? In this post, we’ll dive into the nuts and bolts of
RBI has introduced the Central Bank Digital Currency Or e rupee on October 7, 2022, which will work as the digital equivalent of a banknote and can be transferred electronically within a fraction of a second from one holder to another. It is the same as cash that can be kept in a wallet on
The Indian rupee has turned into a super senior citizen last month when it crossed the 80-level mark recently. Most people have their remarks about the recent fall – for some, this depreciation of the rupee against the dollar is good, whereas others also believe that the fall is too steep. If you look at
Since the last few decades, environmental issues have been increasing drastically and traveling faster than a forest fire, from a different country to region, then region to world-level territory, which is considered a serious cause of climate change and global warming. Apart from that, scarcity of natural resources, wealth, and increasing air and water pollution
The customer onboarding process is probably one of the most important stages of a customer lifecycle. When this process comes right at the start of any journey associated with a potential customer, it sets the tone for their whole relationship with your product and company. Just like that customer onboarding is also an important procedure
Women are making significant contributions to global economies through their various activities. However, they remain among the world’s most economically disadvantaged groups. They are always disproportionately discriminated against in the labour market for their gender, contending with low-skilled and informal jobs. So they often remain outside the ambit of financial inclusion, which results in poor
An initiative by India is taken to incorporate the Indian rupee into global trade. But why and how? Let’s dive into the blog below to find out. Why does India want to trade in the rupee? The rupee’s value against the American dollar is continuously sliding and it also flows from the periodic rise in
We all know that the changes in the price of the product, income of the households, prices of related goods, tastes and expectations, advertisement expenses, etc affect the quantity demanded of a product or service. This indicates only the directional impact of the changes in the factors influencing demand. This only indicates the directional impact
You may learn about so many banks and the central bank that controls all the activities of these banks. But is it all that a central bank does? Doesn’t it have any other function? If you are coming across these questions, please visit the blog below to find all your answer. What Is a Central
What is a commercial bank? A commercial bank is a financial institution or a type of bank which usually accepts deposits from the public and provides loans to them for the purposes of consumption and investment to make a profit. Commercial banks also refer to the bank, or the part of a large bank, that
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