Posted in Finance and Trade

MoboMoney electronic wallet launched by Tech Mahindra

Tech Mahindra, which got a mandate to start a payment bank from the Central Bank in August last year, has launched an electronic wallet called…

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Posted in Banks Finance and Trade

Banks in India-Union Bank Of India

Union Bank Of India: Union Bank of India was inaugurated by Mahatma Gandhi more than eight decades ago. It is a Public Sector Unit with…

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Posted in Definitions Finance and Trade

Financial terms-Depository Receipt.

A depository receipt is a type of negotiable financial security that is traded on a local stock exchange but represents a security, usually in the…

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Posted in Do You Know Finance and Trade

Income Tax

Income tax is a tax paid to the central government on personal income. It is the direct tax paid on income by an individual or…

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Posted in Banking Terms Finance and Trade

Banking Terms-Reverse Repo Rate

Reverse Repo Rate Reverse repo rate is the rate of interest at which the RBI borrows funds from other banks in the short term ….

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Posted in Do You Know Economics Finance and Trade

Difference between a Demand Note and Promissory Note

Demand Note A Demand Note is a type of  paper money that was first issued between August 1861 and April 1862 during the American Civil…

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Posted in Economics Finance and Trade Organisations and Founders Organizations

Financial Action Task Force(FATF)

Financial Action Task Force (FATF) was founded by the G-7 countries in 1989 to develop and promote national and international policies to combat money laundering…

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Posted in Commissions & Reports Current Affairs Club Economics Finance and Trade

13th Finance Commission of India

13th Finance Commission The 13th Finance Commission, which makes recommendations on sharing of tax revenues by the Centre and States, has suggested a new path…

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