What is the difference between Micro economics and Macroeconomics?

Micro economics refer to supply and an individual market. In other hand is macroeconomics is the study of a national economy as a whole. The key difference between micro and macroeconomics are distinguished as under. Microeconomics Macroeconomics Microeconomics studies the particular market segment of the economy Macroeconomics studies the whole economy, that covers several market…

Mandatory SLR requirement for banks reduced

Latest edit: RBI has decided to reduce statutory liquidity ratio, the portion of funds which banks are required to park in treasury bills and other instruments, by 0.25% every quarter beginning January. The calibrated reduction in statutory liquidity ratio (SLR) will continue till it reaches18%. The first reduction of 25 basis points taken effect in…

What are conditions and warranties in contract of sale?

The contract of sale of goods contains certain terms/stipulations for fulfillment of that contract.  Such stipulations that are important for fulfillment of the contract are called “Conditions”.  Whereas the stipulations contained in the contract which may not be very essential for fulfillment of the contract are called warranties. Therefore, we may describe that the condition…

What are the latest guidelines on Priority sector lending and targets?

Updated on September 4, 2020: RBI revised priority credit lending guidelines. In the new guidelines, Bank finance to start-ups (up to ₹50 crores); loans to farmers for installation of solar power plants for solarisation of grid-connected agriculture pumps, and loans for setting up Compressed Bio-Gas (CBG) plants have been included as fresh categories eligible for…