Statements: 1.No fruit is a leaf 2. all trees are leaves 3.some trees are branches. Conclusions: 1.Some trees are not fruits 2.some branches are not trees 3.at least some leaves are fruits.
guys who have taken statistics as their optional subject pls share your experience..I had taken statistics as my optional subject in 11 and 12th. kindly reply i m confused
Hello Puys, any idea whether Rbi will post vacancy for Manager Electrical this year or not?
frnds plz explain in short n simple terms- "Rationalisation of FEMA" ...keeping in mind the ease of doing business, RBI rationalised long regulations and their amendments into consolidated form...i know only this much..are there any other important points from interview point of view??
is prasana chandra f&m is sufficient for it or do i need to buy separate book for finance and mgmt. How is prasana chandra whether it covers the syllabus of f&m as indicated in rbi website!
Guys need Ur help..which is the most basic book to study management...I have max 10 days to complete (IRDA mains 3rd April)
From Where I Can Get Study Material For "Economics" and "Finance and Management"?
Can anyone share some source from where I can download last years RBI papers. Kindly suggest something as I need to check how they have altered the pattern
"Socialism with limited entry to marketism without exit"
Kindly explain what does it mean ?
1- What is TWIN BALANCE SHEET problem ?
2- How to tackle this ?
3- What is effect of global turmoil on the twin balance sheet problem?
4- If Global scenario continues to be in debacle & recession. What steps INDIA should take place to surmount TWIN balance sheet problem.
TWIN BALANCE SHEET PROBLEM : Discussion
@SRANJAN thanks for ur views.
.
What i think on this problem-
1- What s Twin balance sheet problem ?
Stressed balance sheet of PSBs and corporates & both are entangled to each other.
Global slowdown cause > plummeting exports esp. since last 1 yr > corporates r dying to invst & expand but alas no room for growth > corporates invstmnt & profitability r down and not getting return on invstmnt > so tht s an imp. reason for stressed balance sheet (thr products growth stage & domestic envrnmnt othr reason) > and tht causes bank balance sheets too impaired
2- How to tackle this ?
yEAH , 4 R's r solution as suggested by eco. survey ... sm1 clarify how to implemnt that - steps ?
My view- mainly , to come out of ths -- Provide conducive environment for business to flourish & burgeon demand (domestic as global not possible as of now) > tht will BOOST invstmnt > prvt players will dance on music of growth ... yup
But how -
EXIT problem ,
no bankruptcy code ,
LAND acqusition BIGggg problem (POSCO odisha case) ,
red tapes (bureaucracy more than required) ,
GST stucked bcz of polictics (if GST implmntd, it will definitely create +ve sentiment, boost confidence , aggravate animal spirit > cause more capital inflow > BOON for eco)
traditional methods & outdated technology in agriculture ---(so use- at least some GM crops, hybrid seeds, better irrigation & farm mechanization - all can inc. productivity)
overall less skilled ppl in INDIA (Smart ppl r gr8 resource & catalyst n growth of country - Future belongs to thos who invst in R&D and Innovation & who comprehend Power of AI (smart c/r) )
Hope so - +ve thngs will com on the way.
RGR suggest to work
on 4 dimension :
Better Infrastruture ( M/fg &
services will boost)
Invest in HUMAN CAPITAL (thy r future - Dvlpd & emerging eco.s r
invstng more than double thn INDIA... as
Intellectuals and Tech. can brng miraculous revolution) --* (note also
INDIA GDP - 2 T $ , CHINA- 10 T $ and US-17 T$ ... as INDIA's- population 2nd largest - GDP s lower & in tht too half invstmnt than thm - its alarming time & invstmnt in human capital really needs to be
spur in INDIA )
Business regulation easier - (get rid of old law - brng down cost of dng b/s - fix land acquisition problm -- that is Ease of dng
B/s)
Financial sector reform - ready for future (new types of banks will change bnkng & F/L sector landscape - space for e commerce(game changer - good warehouse and logistics- now poor carpet m/f in srinagar can sell his products across world)) - DBT - capital flow good if use in ur favour for equity capital of co.s - more good if as FDI
3- What is effect of global turmoil on the twin balance sheet problem?
Global catastrophe dreadully affected the more export oriented/depended
countries - eg- china.
India's export s still n nascent & growing stage & so less effect on indian eco.
Although, yes it affect service sector & m/f.g sector
demand , tht's y slowdown and evry eco. S wrkng for solution.
Crude oil lower prices , benefitted india hugely but on othr side petroleum
products export r also down due to less demand.
OPEC nations have less income (as oil s main source)> less demand > effect export.
So, yes global slowdown has worsen BALANCE sheet problem.
4- If Global scenario continues to be in debacle & recession. What steps INDIA should take place to surmount TWIN balance sheet problem.
RGR many times pointed out MAKE IN INDIA FOR INDIA ... build
domestic growth (china s also working very hard to proliferate its domestic
demand)
Also. RGR points out that -ve int. rate and QE may not give us result evry times, Different situations have to be handled diffrntly(situational theory of leadership)
May b work on ECO. STRUCTURE (structural reforms---can any1 explain it in detail) & ECO.C values ... do req.d surgery to ameliorate domestic demand and inc. efficiency and productivity.
My view (plus survy pts)-
Eco. s like a Titanic ship - 4 engines /boilers
to sail it --- if all 4 works thn it
will move exponentially - skyrocket growth , else have to overhaul engines for
better result.
4 engines-
1- Pvt Invstmnt (n bad shape)
2- Export (Global turmoil has plunged it)
3-Public Invstmnt (heard ~1-2 LAKH cr gain n revenue to GOI due to slump in brent
crude oil prices ~120 $ to 30-60 $)(FD - 3.9% and CAD- 1.4%, CPI - 5.4% - all n
control - govt n sound health)
4-Consumption & Demand (domestic-well fine & Global-dwindle) (7th pay commsn
& OROP - will surely inc domestic demand)
So, engine - 3 and 4 are working almost fine and Eco can run well if we give
more emphasis on it. (& not shout on
problems - better focus on solution)
And, who knows as 1 & 2 engines will be in order , we can change eco. to 6th
gear when right time comes.
Better Focus on our strength (domestic demand , human capital) and alleviate
impediments( outdated law , hindrance n running business ) and work to remain competitive (upgrade tech.
& infra.) and definitely good thngs
will come on the way and we can create better INDIA.
Surely, evry eco. has to keep in mind tht in chase of growth &
modernization , we don't annihilate EARTH (we have only 1 happy home as of now).
So, deveplopmnt with green eco. s need
of the hour for sustainable, vivacious & vibrant world.
A NATION THT DESTROYS ITS SOIL, DESTROYS ITSELF -(Franklin Roosevelt)
THE ECO. IS A WHOLLY OWNED SUBSIDIARY OF THE ENVIRONMENT & NOT THE REVERSE - (Herman E Daly)
IF U REALLY THNK THE ECO. S MORE IMP THAN ENVIRONMNT, TRY HOLDING UR BREATH WHILST U COUNT UR MONEY -(Dr Guy McPherson)
P.S.-
Ur Views r most welcome
Check facts and figures - corrct whr wrong
(ignore grammatical mistakesss , I am novice & learning process s onnn ...)
Guys anyone selling Indian Economy: Performance and Policies by UMA KAPILA? PM me please
@bugsbunnyloony @sranjan77 and other knowledgeable bhai log.. After so many days I was again discussing with a fellow interview candidate about the 5 markers in ESI n FM.. Can you people and others clear the doubt over 3 disputed questions..?
One was about 30 crores and 20 Crores profit in FM
Second one about 17 cases and 15 cases (States and fiscal consolidation waala) in FM
third one is about the India's GDP, forex reserves and savings rate in ESI.. Actually cant recall what was asked in GDP ques.. now both answers 106 trillion and 126 trillion seem correct after going through various economic news sites..
I know its too late in the day to discuss.. lekin result aane tak inka confuson bana na rahe isliye poocha.. 😃
Key advantages and possible challenges vis-á-vis much talked-about consolidation of banks? In brief.
Anyone here whoopted for statistics in Phase 2 ?
can i download rbi gradeb 2015 paper? or model paper?
Age old dilemma guys...
ECONOMICS vs FINANCE & MANAGEMENT as Optional!
Consider the following before answering :
1. I am an M.A. in Economics from a not so reputed University.
2. I am also a Probationary Officer in State Bank of India.
3. My Heart tells me to go with Economics and but my Head tells me otherwise! Its been close to 3 years since I completed my Post Graduation, my knowledge of Economics has become rusty. I have to start both the subjects from scratch if I opt for one or the other.
Considering the above, and also the fact that I do not want to leave anything to chance...what do you guys suggest?
(Advice from anyone who has appeared in 2015 with Economics as Optional would be "specially helpful!")
Best books to follow for finance section??? Anyone plzzz help ....
any basic book to cover the management syllabus?..
...this is the syllabus-
Management: its nature and scope; The Management Processes; Planning, Organisation, Staffing, Directing and Controlling; The Role of a Manager in an Organisation. Leadership: The Tasks of a Leader; Leadership Styles; Leadership Theories; A successful Leader versus an effective Leader. Human Resource Development: Concept of HRD; Goals of HRD; Performance Appraisal - Potential appraisal and development - Feedback and Performance Counselling - Career Planning - Training and Development - Rewards - Employee Welfare. Motivation, Morale and Incentives: Theories of Motivation; How Managers Motivate; Concept of Morale; Factors determining morale; Role of Incentives in Building up Morale. Communication: Steps in the Communication Process; Communication Channels; Oral versus Written Communication; Verbal versus non-verbal Communication; upward, downward and lateral communication; Barriers to Communication, Role of Information Technology. Corporate Governance: Factors affecting Corporate Governance; Mechanisms of Corporate Governance.
FALL IN CRUDE OIL PRICES: REPERCUSSIONS on INDIA
The brisk decline in the price of the "black gold" has changed the course of oil exporting as well as oil importing economies.
Positive impact of fall in crude prices ---
1-Current account balance:
India is one of the largest importers of oil in the world. It imports nearly 80% of its total oil needs. This accounts for more than one third of its total imports. For this reason, the price of oil affects India a lot.
A fall in price would
drive down the value of its imports. This helps narrow India's current account
deficit the amount India owes to the world in foreign currency. India's current account deficit may narrow to
0.5 percent of GDP in 2016 from 0.7 percent in 2015 owing to lower commodity
prices, particularly oil, says a report.
2-Inflation:
Oil price affects the entire economy, especially because of its use in transportation of goods and services. A rise in oil price leads to an increase in prices of all goods and services. It also affects us all directly as petrol and diesel prices rise. As a result, inflation rises. A high inflation is bad for an economy. It also affects companies directly because of a rise in input costs and indirectly through a fall in consumer demand. This is why the fall in global crude prices comes as a boon to India. Every $10 per barrel fall in crude oil price helps reduce retail inflation by 0.2% and wholesale price inflation by 0.5%, according to a Moneycontrol report.
3-Oil subsidy and fiscal deficit:
Every year Govt. keeps aside crores of rupees as subsidy for Petrol, Diesel & LPG from it's annual budget. This subsidy is given to the Oil Manufacturing Companies (OMCs) for underrecoveries. The government fixes the price of fuel at a subsidised rate. It then compensates companies for any loss from selling fuel products at lower rates. These losses are called underrecoveries.
This adds to the government's total expenditure and leads to a rise in fiscal deficit the amount it borrows from the markets. A fall in oil prices reduces companies' losses, oil subsidies and thus helps narrow fiscal deficit. Due to fall in oil prices there is a huge savings in the 'oil subsidy'. When there is savings in subsidy it gives more room for achieving the pre-set Fiscal Deficit target. Moreover, the government still has to pay for previous underrecoveries & its good time that benefit from the fall can be used to offset past underrecoveries.
4-Increase in Revenue for the Government:
It'll give more room for increasing the tax on Petrol and Diesel. And it'll help the Government to collect more revenue and thereby achieve the fiscal deficit target. The Government has already increased the Excise Duty on petrol and Diesel four times since 2014. With the Indian basket of crude oil price plummeting to an 11-year-low of $37.34 a barrel, the country is set to save Rs 2.14 lakh crore on its oil import bill alone in FY16, according to the oil ministry. This is in addition to the benefits to the government in the form of lower petroleum subsidy and expected cuts in fuel prices for consumers.(frm BS article)
5-Rupee exchange rate:
The value of a free currency like Rupee depends on its demand in the currency market. This is why it depends to a great extent on the current account deficit. A high deficit means the country has to sell rupees and buy dollars to pay its bills. This reduces the value of the rupee. A fall in oil prices is, thus, good for the rupee. However, the downside is that the dollar strengthens every time the value of oil falls. This negates any benefits from a fall in current account deficit.
"How does it is affecting Indian economy in negative way" ---
@sranjan - ur ques
1-Export plummeted (INDIA):
(mainly commodities-iron&steel, food grains, gems-jewellry, pharma. ,
cotton fabrics )
EXIM SITE could be useful - >publication >indias international trade- check. http://www.eximbankindia.in/sites/default/files/indias-international-trade-and-investment.pdf
From exim data, it can be seen that INDIA export 50% in Asia and UAE(33 B $) & SAUDI ARABIA(11.2 B $) are 2nd and 5th top export destinations of INDIA(Total export -309 B $ (FY15)).
As per DBS bank : "A fifth of India's exports go to OPEC countries. Plunging oil prices have left many crude-exporting countries with budgets that simply won't balance.
For many of the biggest producers - places like SaudiArabia , Venezuela and
Algeria - oil accounts for the majority of the country's exports and gross domestic product. Collapsing prices have meant dramatic declines in government revenue at a time when many political leaders are working to maintain social stability through liberal spending.
Shipments to the bloc fell 3.3% y-o-y in the April-November 2015 period, compared to growth of 5% the year before. In particular, exports are down 10% y-o-y to the UAE and 48% to Saudi Arabia" .
"The increasing proportion of commodities in India's exports has seen a third of export earnings in a free-fall in the past year. In December 2015, petroleum exports fell 47%, rice 36%, and iron ore 70%,
2-Petroleum products producers:
The fall in global oil prices may be beneficial to India, but it also has its downsides. Directly, it affects the exporters of petroleum producers in the country. India is the sixth largest exporter of petroleum products in the world, according to media reports.
This helps it earn $60 billion annually. Also, as per EXIM FY2015 data, INDIA export most is petroleum products, accounts 56.7 % of total exports.
Any fall in oil prices negatively impacts exports. At a time when India is running a trade deficit high imports and low exports, any fall in exports is bad news. Moreover, a lot of India's trade partners and buyers of its exports are net oil exporters. A fall in oil price may impact their economy, and hamper demand for Indian products. This would indirectly affect India and its companies. For example, the share prices of Bharti Airtel and Bajaj Auto fell because of the devaluation of the Nigerian currency Naira. Both the companies have a significant presence in the African country.
3-Remittances:
Flagging off another concern, the distress caused in oil-producing Gulf countries due to falling crude prices would hit remittances from the region. These remittances are a crucial support to manage the country's current account balance.
The remittances were valued at $70 billion in 2014, according to a World Bank report, which said Saudi Arabia and the United Arab Emirates (UAE) were among the top five destinations from where the remittances were made to developing countries by migrants.
Almost half of India's remittances are channelled through Gulf countries, suggesting remittances could decline from the region due to the fallout on their economies as a result of the slump in crude oil prices.
4-Projects :
Project awards in West Asia are muted, and revenue of global industrial players suggests that the sluggishness has continued for around nine quarters now, which has already led to redemption pressure on various sovereign wealth funds.
"Overseas project awards, particularly in West Asia, were relatively mute - possibly given the sharp drop in crude oil prices. Aggregate project awards are down 3 per cent YoY in West Asia to $121 billion (12-month moving average)," brokerage Motilal Oswal said in a report.
A fall in crude oil prices has led to redemption pressure on various emerging market funds and the impact of the same is now being felt in most emerging markets, including India.
P.S.-
Pros & Cons it has both side - viewsare welcome
(dnt know surety of figures... collected frm various sites)
ignore grmtcl errs