India's No.1 PU & Degree With Integrated IAS & IPS(UPSC/PSC) Training College.
What is money? Money is a medium of exchange, a unit of account, and a store of value. It is a universally accepted means for people to trade goods and services. Historically, money has taken various forms, including coins, paper notes, and digital currencies. In modern economies, money is primarily created and regulated by central …
Read MoreSyllabus: GS-3-Role of monetary authority and related institutions , RBI and its effectiveness Focus : Top of Form The article explores the unique challenges faced by central banks in democracies like India and the US, emphasizing the importance of maintaining their independence amidst political pressures. It examines the implications of political interference on monetary policy …
Read MoreWhy in the news? Climate risks to inflation highlighted by RBI officials amidst extreme weather events and geopolitical tensions. source:worldnews About the Climate Risk and WMO’s Alert: RBI officials, including Deputy Governor Michael D. Patra, warn of inflation risks due to extreme weather events and geopolitical tensions. They highlight the World Meteorological Organization’s (WMO) red …
Read More
