We all know that the changes in the price of the product, income of the households, prices of related goods, tastes and expectations, advertisement expenses, etc affect the quantity demanded of a product or service. This indicates only the directional impact of the changes in the factors influencing demand. This only indicates the directional impact
You may learn about so many banks and the central bank that controls all the activities of these banks. But is it all that a central bank does? Doesn’t it have any other function? If you are coming across these questions, please visit the blog below to find all your answer. What Is a Central
What is a commercial bank? A commercial bank is a financial institution or a type of bank which usually accepts deposits from the public and provides loans to them for the purposes of consumption and investment to make a profit. Commercial banks also refer to the bank, or the part of a large bank, that
Bankruptcy! It is such a term that you all may be acquainted with. It is such a condition when you are unable to pay your debts and file a petition to the court to be declared as bankrupt. But before filing for bankruptcy, do you have in-depth knowledge about it? Do you have a proper
What is a bank statement? A bank statement is a summary of various transactions that were processed by a bank in your account during a set period of the month. The bank statement describes your bank details, charges, deposits, withdrawals, and deductions, with the account holder’s name and account number. Bank statements also demonstrate the
From December 1, the price of every matchbox will be increased’s 2 from the present Re 1. This is in view of a rise in the production budget, triggered by an increase in the price of raw materials. Matchbox buyers will get more matchsticks into a matchbox when they buy it at an updated price
India is one of the fastest-growing developed countries. If we ask ourselves about the reason, we get an answer. Only government isn’t responsible for making this country develop. But, as a citizen of India, we’ve also many responsibilities that we ignore.The main motto of writing this blog is not to degrade the Indians but to
State Bank of India (SBI.NS) (SBI) posted a sharp increase in net profit on Friday and provided a steady outlook for the coming quarters, even as the coronavirus crisis ravages the country’s economy. SBI’s results come as Indian lenders brace for a flood of potential loan defaults, with many small businesses finding it hard to
India’s surprise move to restrict imports of TVs, announced on Thursday, will boost local manufacturing, strengthening Prime Minister Narendra Modi’s flagship ‘Make in India’ drive, an industry body said. The Indian trade ministry issued a notice late on Thursday saying it would restrict inbound shipments of TVs by requiring importers to get a special license.
India’s fiscal deficit touched a record $88.5 billion in the April-June quarter, 83.2% of the target for the whole of the current fiscal year, reflecting the impact of the coronavirus pandemic on tax collections and as the government front-loaded its spending. The deficit is predicted by private economists to cross 7.5% of GDP in the 2020/21 fiscal year beginning April, from
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