Gold Chain

 Budget is a financial statement of anticipated annual revenue and expenditure of the  Government. When finance minister presents the budget for the year 2022-23 we will be able to get data on actual estimates (AE ) for the previous year 2020-2021 budget and revised estimates (RE)for the current year 2021-22 and budget estimates (BE)for the forthcoming year 2022-23. Budget is broadly divided into two. 1.Revenue Budget and 2. Capital Budget. Revenue budget deals with receipts from taxation, non tax sources and expenditure met out of these sources. Capital budget deals with Capital receipts like net recoveries of loans and advances made previously to state governments, UTs and PSUs,market borrowings, net small savings and other capital receipts like provident funds, special deposits etc and expenditures involved in that. Fiscal deficit is a situation where the government spends more than it earned. It consists of budgetary deficit plus market borrowings and other liabilities of ...

 World Bank's  Global Economic Prospects January 2022 focuses major developments in the world economy and presents its outlook. According to the report the global economy is set to decelerate amid continued Covid19 flare ups,diminished policy support and lingering supply bottlenecks. The outlook is clouded by various downside risks including virus variants, unanchored inflation expectations and financial stress. If some countries eventually require debt restructuring the recovery will be more difficult to achieve than in the past. Climate change may increase commodity price volatility. Social tensions may enhance as a result of increase in inequality caused by the pandemic. These challenges underscore the need to foster wide spread vaccination, enhance debt sustainability, tackle Climate change and inequality and diversify economic activity. Amidst a mix of encouraging and damaging signals it is obvious that challenging times lie ahead for the world economy and particularly fo...

 Babu a grocery and vegetable merchant along with his wife Vasanthi and children Rahul and Reshma were living  8 kilometers away from  Thampanoor.Babu's shop is hardly 30 meters away from his house in the same compound and sometimes family members used to assist him.Rahul has been an average student whereas Reshma was very studious throughout her academics. While Reshma got admission to MBBS on general merit in  government medical college, Rahul got admission in a degree college for  literature.In the medical college Reshma has shown very much passion for studies not only in theory but in practicals as well .Professors were very much impressed by her sincerity and commitment especially during internship period. Senior faculty advised her to opt for Gynecology for post graduation and with their blessings and by grace of almighty without much delay she got admission for Gynecology and Obstetrics. After post graduation she opted to work in a private medical college...

 As per the Reserve Bank of India's  recent report on "Trend and Progress of Banking in  India " the Banking sector remained resilient through out the Covid19 pandemic due to extraordinary policy interventions adopted by the central bank and government. Higher capital,better liquidity buffers and low leverage allowed them to cushion the shock of pandemic. Measures such as moratorium on payment of loan installments assets classification stand still restructuring of loans and restriction on dividend payments alleviated the stress,while helping banks to continue to provide credit to productive sectors. However credit growth of Scheduled commercial banks (SCBs)remained subdued in 2021,but non Banking financial companies have stepped up to fill the gap. Available data for 2021-22 indicate that so far both Gross and Net Non Performing Assets (NPA)have moderated while other indicators like provision coverage ratios (PCRs) capital buffers and profitability indications have improv...

 The Organisation for Economic Co operation and Development (OECD) is an inter governmental  organisation founded in 1961with 38 members working to build prosperity, equality of opportunity and wellbeing for all.According to OECD's ECONOMIC OUTLOOK  December 2021- " The global recovery continues to progress but has lost momentum and is becoming increasingly imbalanced. Parts of the global economy is rebounding quickly but others are at risk of being left behind, particularly less income countries where vaccination rates are low and firms and employees in contact intensive sectors where demand has yet to recover fully . Momentum from strong rebound after reopening is now easing in many countries amidst persisting supply bottlenecks,rising import costs and continued effects of the pandemic. Stronger and longer lasting inflation pressures have emerged in all economies at unusually early stage of the cycle and labour shortages are appearing even though employment and hours wo...