A financial instrument is any asset that holds capital and may be traded on the market. Cheques, stocks, shares, bonds, futures, and options contracts are all types of financial instruments. Money Market Funds (also known as liquid funds), Bank Fixed Deposit (Bank FDs), Post Office Savings Schemes, Public Provident Funds (PPF), Company Fixed Deposits (FDs),…
A financial market is a marketplace that provides an avenue for the sale and purchase of assets such as bonds, stocks, foreign exchange, and derivatives. Stock market: The stock market trades shares of ownership of public companies. (To know more read: Stock exchange) Bond market/debt market: The bond market offers companies and the government opportunities…
The organised sector mainly includes banks, Non-Banking Financial Companies (NBFCs), and Nidhi companies, where the first two are governed by the Reserve Bank of India (RBI) and the Ministry of Corporate Affairs is responsible for the regulation of Nidhi Companies. The informal financial sector comprises partnership firms, sole proprietary concerns, individuals, and institutions like Local…
The Labour Bureau has published CPI(IW) for January 2024, February 2024 and March 2024. The average DA for the above months works out to 15.97% an increase of 0.24% in DA payable for the quarter of May 2024-July 2024. The DA charts for officers, clerks, and sub-staff are attached below : DA for Bank Officers…