RBI announces premature redemption of Sovereign Gold Bonds @ ₹7296/-
The Reserve Bank of India (RBI) has declared the early redemption price for Sovereign Gold Bonds (SGBs) from the SGB 2017-18 Series IX-Issue date of November 27, 2017.The redemption price of SGB shall be based on a simple average closing gold price of 999 purity of the previous three business days from the date of…
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Impact of Inflation on the Economy
In an inflationary atmosphere, unevenly rising prices inescapably reduce the purchasing power of some consumers, which can lead to erosion of real income. Some people, who purely live on interest income such as retirees, may find it challenging to keep up with rising prices, potentially diminishing their purchasing power. When prices rise, each unit of…
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What are the causes of inflation?
Inflation is caused by a variety of causes such as increase in wages, increase in the price of raw materials, increase in taxes, decline in productivity, supply chain disruptions, rising fuel prices, increase in money supply etc. The main causes of inflation can be grouped into three broad categories viz. Demand-pull inflation, Cost-push inflation, and…
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Make UPI payment without using internet
Yes. UPI can be done without the internet. Think there can be situations where we desperately need to make a payment, but the internet connection doesn’t work. You need not worry, you can make UPI payments without the internet by dialing *99#. This service can be availed on any type of phone. It works across…
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Interpreting Changes in Price and Quantity
We know that when demand and supply curves shift, prices adjust to maintain a balance between the quantity of a good demanded and the quantity supplied. However, if prices did not adjust to changes in demand and supply quantity, this balance could not be maintained. Under the circumstances that shift the demand curve or the…
Explained: Forces behind the Supply Curve, shifts in Supply
Supply is defined as the specific product available to the market for consumption. Demand is the amount of a specific product a consumer can purchase at each price. The supply and demand are deeply correlated. These two concepts of supply and demand are tangled to create market equilibrium which defines the availability of goods in…
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