Amol AgrawalThe Reserve Bank of New Zealand (RBNZ) has long been a pioneer of many things in central banking. The RBNZ pioneered the practice of inflation targeting 30 years ago in 1989 which soon became a gold standard for central banking worldwide. After the 2008 crisis, it continued to be a pioneer in both monetary policy and financial stability.The RBNZ has made another recent change which is interesting and worth exploring for other central banks.Close Till November 2018, the RBNZ senior management comprised one governor, one Deputy Governor (in charge of financial stability) and two assistant governors — one responsible for economics and the head of operations. On November 2, 2018, the central bank reorganised itself and this led to number of assistant governors increasing from two to five. The new functions given to the three new AGs were: governance, strategy and corporate relations; people and culture and chief financial officer. related news RBI supersedes … [Read more...] about Banking | Should RBI have a Deputy Governor based outside Mumbai?
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Subir RoyMoneycontrol ContributorThe Odisha government has taken an important step to address rural distress and has come up with the Krushak Assistance for Livelihood and Income Generation (KALIA), which seeks to overcome the shortcomings of earlier attempts in the country in the same area.First came the debt waiver schemes, which addresses the immediate crisis in the lives of debt-ridden farmers, but does nothing to improve farm economics. Also, their scope is limited, as only institutional loans are covered. Loans from moneylenders are not covered.Close Worse, loan waivers harm credit discipline (the need to repay loans) and the viability of the entire agricultural credit system. related news Cube Highways bids Rs 5,011cr to bag third TOT bundle: Report KfW to lend Rs 1735cr to Andhra Pradesh for zero budget natural farming CCEA approves amendments to 'Toll Operate Transfer' model for national highways Then came the recently introduced Rythu Bandhu scheme in Telangana, … [Read more...] about Opinion | Odisha’s KALIA is the best scheme yet to address rural distress
India's ancient traditions of non-violence and compassion are needed in today's world where people are fighting on the basis of religion and countries over territorial disputes, Tibetan spiritual leader the Dalai Lama said here on Thursday.India should continue its modern education along with its 3,000-year-old ancient tradition of high moral teachings, he added.The Dalai Lama was giving the S. Radhakrishnan Memorial Lecture on Universal Ethics organised by the Indian Institute of Advanced Study.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about World needs India’s ancient traditions of non-violence, compassion: Dalai Lama
Apple is looking for software engineers who can help build media apps for Windows. The Cupertino-based tech giant has listed a new job opening and is inviting potential candidates to develop the ‘next generation of media apps for Windows’.Apple currently has few apps like iTunes and iCloud, that run on Windows. This seems fairly old and dated, especially after Apple breaking iTunes up into three separate apps in macOS — Music, TV, Podcasts. None of the three apps has been made available for Windows as yet. Sure Windows users can still use Apple TV Plus or Apple Music, but they need to use the web version instead of a dedicated app on Windows 10.Apple’s job listing reveals that the iPhone maker has plans for introducing Windows apps that are similar to what it offers on Mac. The job listing, first spotted by Neowin, reads ‘experience with UWP is a big plus’. This means Apple is looking to develop media apps using Universal Windows Platform.Close … [Read more...] about Apple is hiring candidates for building ‘next generation of media apps for Windows’
Post SEBI's diktat on scheme consolidation for the fund industry, Association of Mutual Funds in India, the mutual fund lobby, has issued a list of ranked stocks based on their market capitalisation.According to AMFI large cap stocks are Top 1-100 companies in terms of full market capitalisation, while the mid cap stocks comprise 101-250 companies, and small cap stocks would consist stocks beyond 250 companies in terms of full market capitalization.AMFI has ranked close to 5,250 stocks – 100 large caps, 150 mid caps and the rest small cap.Close AMFI on its website stated, "SEBI has defined large cap, mid cap and small cap companies in order to ensure uniformity in respect of the investment universe for equity mutual fund schemes. Further, SEBI has also stipulated that AMFI shall prepare the list of stocks in this regard. Accordingly, AMFI, in consultation with SEBI and Stock Exchanges, has prepared the list of stocks, based on the data provided by Bombay Stock Exchange (BSE), … [Read more...] about AMFI chalks out list of stocks based on market capitalisation for mutual funds