Do you know how electronic gold receipts (EGR) are traded through Gold Exchange in India?
The Union Budget 2023’s proposal to allow the conversion of physical gold into Electronic Gold Receipts is a significant move to promote electronic gold in the market. The Gold Exchange is a national platform for buying and selling Electronic Gold Receipt (EGR). It is a separate segment for exchange for underlying standardized gold. EGR is…
Read article
What is a commodities market?
A commodity market is a marketplace where investors trade several commodities like spices, energy, precious metals, and crude oil within a country. Investors can gain exposure to commodities by buying them on the market, investing in companies that produce them, or putting money into futures contracts whose value is derived from their price changes. Commodities…
Read article
What are Financial Instruments, Assets and Securities?
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),…
Read article
Explained: Financial Markets and functions of Financial Market
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…
Read article
The Informal (unorganized) financial enterprises
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…
Confirmed DA Chart for Bank officers and employees for May 2024-July2024
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…
Read article