Iran and West agree Nucleur Deal , Sanctions to be lifted

After months of negotiations, Iran and key world powers have agreed on the framework of a landmark deal that is aimed at addressing Western concerns about Tehran’s nuclear programme. The “Joint Comprehensive Plan of Action” – described by US President Barack Obama as a “good deal” that meets core objectives – is aimed at getting Iran to reduce its stockpile of low-enriched uranium by 98% and scale back the number of installed centrifuges. In...

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Douglas MacArthur

Douglas MacArthur (26 January 1880 – 5 April 1964) was an American five-star general and Field Marshal of the Philippine Army. He was Chief of Staff of the United States Army during the 1930s and played a prominent role in the Pacific theater during World War II. He received the Medal of Honor for his service in the Philippines Campaign, which made him and his father Arthur MacArthur, Jr., the first father and son to be awarded the medal. He was one of only five men...

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What is Neoliberalism?

Neoliberalism is the resurgence of ideas associated with laissez-faire economic liberalism beginning in the 1970s and 1980s, whose advocates support extensive economic liberalization, free trade, and reductions in government spending in order to enhance the role of the private sector in the economy. The usage and definition of the term have changed over time. Originally neoliberalism was an economic philosophy that emerged among European liberal scholars in the 1930s attempting to trace a so-called ‘Third’ or ‘Middle Way’ between the conflicting...

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ECB opposes furthur bailout but Greece has other plans

Greek Finance Minister Yanis Varoufakis heads to Frankfurt Wednesday for talks with European Central Bank officials as he seeks to build support for a renegotiation of Athens`s 240 billion euro ($270 billion) bailout. The visit is the latest stop on a diplomatic charm offensive that has seen Varoufakis take his case to London and Rome and comes as Prime Minister Alexis Tsipras visits Brussels to put the plan to European Commission president Jean-Claude Juncker. Varoufakis`s visit to Frankfurt is seen as especially important as the ECB is reported...

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India Inc planning to raise funds through ETF

India plans to raise 50 billion rupees ($809 million) by selling additional units of a fund made up of shares in public sector companies, a source involved in the discussions told Reuters, a move which would boost government efforts to trim its deficit. The previous government had set up the exchange traded fund (ETF) last year as a way of selling shares in 10 state-owned companies. It raised 30 billion rupees in an oversubscribed offering as investors welcomed access to a basket of firms. The government of Prime Minister Narendra Modi, elected...

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What is BPS aka basis points?

What is bps?  Whenever there is a policy rate changes by RBI, we read this ''term" in newspapers.    The best point is that most of the newspapers also explain the same in one sentence in the same paragraph.   It is a very simple concept and meaning.    In financial terms, 'one'  Basis Point is a unit  equivalent to  0.01% i.e. 1/100th of a percent.     Thus 10 bps means 0.10% and   100 bps means 1%.    BPs is mostly used to indicate the...

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The GREXIT fears

Fears about Greece exiting the Eurozone and a global stock market sell off perpetrated by a further slide in oil prices pulled the sensex down by 855 points on Tuesday - its biggest fall in over five years. Falling crude prices which dipped to below the $50 per barrel mark for the first time since 2009 — also unnerved FIIs that aggravated the fall further, brokers and analysts said. The sensex closed at 26,987 and the session left investors poorer by Rs 2.76 lakhcrore (about $43.5 billion) with BSE's market capitalization now at Rs 96.6 lakhcrore....

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US crude falls. So do the Markets

US crude oil dropped below $50 a barrel for the first time in five and a half years, sending energy stocks into a tailspin and fuelling a broader sell-off on Wall Street that spilled into Asia as fears grew of a global economic slowdown.The dollar strengthened against a basket of rivals to a nine-year high, while the euro sank to a nine-year low versus the US currency. The nervous start to the year for financial markets reflected...

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NEFT vs RTGS vs IMPS- Fund Transfers

If you have tried transferring money electronically to an individual or an account, you would’ve come across the terms NEFT,RTGS and IMPS. Most of us are not really aware of the difference between the various models and on what occasions they have to be used.NEFT (National Electronic Funds Transfer) and RTGS(Real Time Gross Settlement) are the two main fund settlement mechanisms used by banks in India to conduct one to one transactions. These transfer protocols are maintained by the Reserve Bank of India.IMPS (Interbank Mobile Payment Service/Immediate...

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Benjamin Franklin-

Benjamin Franklin was one of the Founding Fathers of the United States and in many ways was "the First American".A renowned polymath, Franklin was a leading author, printer, political theorist, politician, postmaster, scientist, inventor, civic activist, statesman, and diplomat. As a scientist, he was a major figure in the American Enlightenment and the history of physics for his discoveries and theories regarding electricity. As an inventor, he is known for the lightning rod, bifocals, and the Franklin stove, among other inventions. He facilitated...

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How results in Greece will determine World Economy

Many people are wondering why the Greek economy is having  such a major effect on the global markets. Why is such a small country making the world’s major markets rise and fall with every headline that comes out regarding their possible economic collapse?  Fear of the unknown is driving the seemingly schizophrenic markets up and down like a yo-yo.  When Greek Prime Minister George Papandreou presented the idea of a referendum...

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