This article throws light upon the top six government sponsored schemes under which banks are required to finance as per the respective scheme norms prescribed by the RBI. The schemes are: 1. DRI Scheme 2. SLRS 3. PMRY Scheme 4. SJSRY 5. SGSY 6. SELF HELP GROUP. Government Sponsored Scheme # 1. DRI (Differential Rate of Interest Scheme): Differential rate [...]
After reading this article you will learn about the convertibility of capital account in India. In India the Capital Account Convertibility means "the freedom to convert the local financial assets into foreign financial assets and vice-versa at a market determined rate of exchange. It is associated with the changes of ownership in foreign/domestic financial assets and liabilities and embodies the [...]
This article throws light upon the six important financial markets that operate in India. The financial markets are: 1. Capital Market 2. Stock or Equity Market 3. Commodity Market 4. Derivatives Market 5. Foreign Exchange Market 6. Debt Market. 1. Capital Market: The Capital Market is an integral part of financial system of any country. In case of money market [...]