Drips of foreign currency: Only potion for the ailing rupee As rupee continues to plummet, now trailing at 64.42 per USD, recently the apex bank has made some changes in the interest rates of FCNR (B) account.  This step has been taken to bolster the tardy foreig…

Deposit Insurance and Credit Guarantee Corporation  is a 100% subsidiary of  Reserve Bank of India. It was established on July 15, 1978 under Deposit Insurance and Credit Guarantee Corporation Act, 1961 for the purpose of providing insurance of deposits and guarant…

RBI  is the  central Bank of India  and controls the entire money issue, circulation the entire money issue, circulation and control by its monetary policies and lending policies by periodical updates or corrections to discipline the economy. The central bank of …

FDs (Fixed Deposits):  A comprehensible approach towards defining the nitty-gritty of a popular investing instrument. Fixed deposit (FD) is a financial instrument where a sum of money given to a bank, financial institution or company whereby the receiving entity…

The Vice-President is elected by an electoral college consisting of members of both Houses of Parliament, in accordance with the system of proportional representation by means of the single transferable vote and the voting in such election is by secret ballot. The El…