β
Global Innovation Index 2022
β India stands 40th Position globally
βΊ α«α΄ΙͺΙ΄ π₯ ββ₯ @TargetDescriptive
β India stands 40th Position globally
βΊ α«α΄ΙͺΙ΄ π₯ ββ₯ @TargetDescriptive
The RBI has hiked the repo rate by 50 basis points to 5.90%, the fourth straight increase in the current cycle, to tame sustained above-target retail inflation rate. Read here: https://www.livemint.com/news/india/rbi-monetary-policy-live-updates-rbi-governor-shaktikanta-das-credit-policy-repo-rate-11664502852346.html
π1
1. The article says "There is a limit to the RBI continuously managing volatility because exchange rate management is not its mandate, but price stability through inflation containment is".
Let me clarify that, RBI does not manage exchange rate rather it manages the volatility in the exchange rate. Does not manage exchange rate means, RBI does not try to keep the exchange rate at any particular rate. For example if Rupee is depreciating very slowly in line with inflation and other macro-economic parameters and moved to Rs. 100 in next 2/3 years... then RBI may not intervene. But if on any particular day it becomes highly volatile and moves to Rs. 90 (in any direction) from present Rs. 80 then, RBI will intervene to contain the volatility.
As per RBI "The RBI's exchange rate policy focusses on ensuring orderly conditions in the foreign exchange market. For the purpose, it closely monitors the developments in the financial markets at home and abroad. When necessary, it intervenes in the market by buying or selling foreign currencies. The market operations are undertaken either directly or through public sector banks".
βΊ α«α΄ΙͺΙ΄ π₯ ββ₯ @TargetDescriptive
Let me clarify that, RBI does not manage exchange rate rather it manages the volatility in the exchange rate. Does not manage exchange rate means, RBI does not try to keep the exchange rate at any particular rate. For example if Rupee is depreciating very slowly in line with inflation and other macro-economic parameters and moved to Rs. 100 in next 2/3 years... then RBI may not intervene. But if on any particular day it becomes highly volatile and moves to Rs. 90 (in any direction) from present Rs. 80 then, RBI will intervene to contain the volatility.
As per RBI "The RBI's exchange rate policy focusses on ensuring orderly conditions in the foreign exchange market. For the purpose, it closely monitors the developments in the financial markets at home and abroad. When necessary, it intervenes in the market by buying or selling foreign currencies. The market operations are undertaken either directly or through public sector banks".
βΊ α«α΄ΙͺΙ΄ π₯ ββ₯ @TargetDescriptive
The RBI has cut India's economic growth forecast for 2022-23 to 7%, with the growth in the second half of the year expected to be slower than the first half.
Read here: http://livemint.com/market/mark-to-market/rbi-admits-it-will-miss-inflation-target-but-remains-overly-optimistic-on-growth-11664521260246.html
Read here: http://livemint.com/market/mark-to-market/rbi-admits-it-will-miss-inflation-target-but-remains-overly-optimistic-on-growth-11664521260246.html
mint
RBI admits it will miss inflation target, but remains overly optimistic on growth
The RBI cut the economic growth forecast for 2022-23 to 7%, with the growth in the second half of the year expected to be slower than the first half
Forwarded from Target Descriptive π
β
NIACL AO Mains Descriptive Questions-2021
π«₯Essay
β Discuss various challenges faced by students & teachers while switching from online to offline classes.
β Money saved is money earned and money managed is money multiplied discuss relevance of the sentence.
π«°Word limit 250
β Letter
π«₯A stationery godown in the market was completely gutted in fire . Write a letter to owner of the shop for inspection.
π«°Write a letter to your friend describing a place that you have visited recently.
π«°Letter to the editor of a local newspaper expressing your views regarding importance of blood donation.
βΊ α«α΄ΙͺΙ΄ π₯ ββ₯ @TargetDescriptive
π«₯Essay
β Discuss various challenges faced by students & teachers while switching from online to offline classes.
β Money saved is money earned and money managed is money multiplied discuss relevance of the sentence.
π«°Word limit 250
β Letter
π«₯A stationery godown in the market was completely gutted in fire . Write a letter to owner of the shop for inspection.
π«°Write a letter to your friend describing a place that you have visited recently.
π«°Letter to the editor of a local newspaper expressing your views regarding importance of blood donation.
βΊ α«α΄ΙͺΙ΄ π₯ ββ₯ @TargetDescriptive
Forwarded from Affairs Cloud Daily pdfs
β
IBPS-XI (2021-22) Reserve List Out:-
π IBPS SO
https://ibpsonline.ibps.in/crpspxinov21/parl1_sep22/login.php?appid=2db7b7efa2908834693906d9e7260414
π IBPS CLERK
https://ibpsonline.ibps.in/crpcl11jun21/parl1_sep22/login.php?appid=548198d893e800a20b656af9f3c3121e
π IBPS PO
https://ibpsonline.ibps.in/crppo11jul21/parl1_sep22/login.php?appid=c4a578bff133ff40312594c2427af11b
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β¦JoinβΊ@BankingStudyAdda
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π IBPS SO
https://ibpsonline.ibps.in/crpspxinov21/parl1_sep22/login.php?appid=2db7b7efa2908834693906d9e7260414
π IBPS CLERK
https://ibpsonline.ibps.in/crpcl11jun21/parl1_sep22/login.php?appid=548198d893e800a20b656af9f3c3121e
π IBPS PO
https://ibpsonline.ibps.in/crppo11jul21/parl1_sep22/login.php?appid=c4a578bff133ff40312594c2427af11b
β ββββββββ -β βββββββ β
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Forwarded from Target Descriptive π
π°SBI PO Mains previous year descriptive questions
π«₯Letter
β Letter to the editor of a newspaper to publish article about highlighting the issue regarding joining defence forces by youths of the city.
β Write a letter to your bank manager requesting for leave of 2 weeks to prepare for final MBA exams.
β Write a letter to the manager of a firm to increase credit amount of loan taken.
β Letter to the bank manager apologizing for the delay in EMI payment.
β Letter to your brother indicating him on why you want to choose career in banking.
β As a manager, write a letter to your collegues to conduct a meeting on PR strategy.
β Write a letter to your younger sibiling explaining the importance of saving money
β Letter to the bank manager for extension of joining date
π«₯Essays
β Does providing educational loans help in increasing employment opportunities?
β How useful is aadhar card?
β Impact of unearthing of black money on indian economy
β Importance of education in vernacular languages
β Do brokers deserve the cut that they make on deals?
β Security of women in workspace, an increasing cause of Concerned
β Pros & cons of Inflation
β Pros and cons of online education/schooling.
β Efficient use of natural resources.
βΊ α«α΄ΙͺΙ΄ π₯ ββ₯ @TargetDescriptive
π«₯Letter
β Letter to the editor of a newspaper to publish article about highlighting the issue regarding joining defence forces by youths of the city.
β Write a letter to your bank manager requesting for leave of 2 weeks to prepare for final MBA exams.
β Write a letter to the manager of a firm to increase credit amount of loan taken.
β Letter to the bank manager apologizing for the delay in EMI payment.
β Letter to your brother indicating him on why you want to choose career in banking.
β As a manager, write a letter to your collegues to conduct a meeting on PR strategy.
β Write a letter to your younger sibiling explaining the importance of saving money
β Letter to the bank manager for extension of joining date
π«₯Essays
β Does providing educational loans help in increasing employment opportunities?
β How useful is aadhar card?
β Impact of unearthing of black money on indian economy
β Importance of education in vernacular languages
β Do brokers deserve the cut that they make on deals?
β Security of women in workspace, an increasing cause of Concerned
β Pros & cons of Inflation
β Pros and cons of online education/schooling.
β Efficient use of natural resources.
βΊ α«α΄ΙͺΙ΄ π₯ ββ₯ @TargetDescriptive
While deciding the repo rate, Monetary Policy Committee may keep in mind the following factors: (i) Inflation (ii) Economic Growth (iii) Rupee appreciation/depreciation
Anonymous Quiz
13%
(a) (i) only
42%
(b) (i) & (ii) only
45%
(c) All of the above
0%
(d) None of the above