RICH INVESTING iDEAS

Rising Gold Reserves - Indian Economy 2020 As the Global Indices (Stock Market) continues to rise, the investment in Gold is in consolidation phase as in volatile in the recent weeks. India has been in slowdown on Economy since the year 2018. Accordingly, the Global economic indicators are also not in a favorable position. The Price of Gold, which has not risen between 2011-2018, however it has risen sharply over the past year and a half. The Gold ETF schemes has generated around 38 Percent returns in the last one year. Meanwhile, the BSE Sensex has grown by only 6 Percent in the past 52 week period. India's Trade deficit is rising again after Unlock of Covid-19. The Balance of Trade at the end of August 2020, was USD 6.77 Billion. Exports fell 13 Percent to USD 22.7 Billion, where imports fell 26 Percent to USD 26.47 Billion. Exports of Gems and Jewellery, Petroleum products declined significantly in the month of August 2020. But the Gold imports rose to USD 3.7 Billion last month...

REPO rate reduced to 4 Percent cut by 40 basis points - RBI The Monetary Policy Committee held for the three days from 20th May 2020 to 22nd May 2020. In the end of 3rd day, all the committee members had cast their votes in favor of interest rate cut. In a statement issued by the RBI, it was said that the REPO rate for banks would be reduced to 4 Percent from the earlier 4.40 Percent, cut by 40 basis points. The announced REPO rate cut on last morning was considered to be as an 'Emergency Move' by the Central Bank. Similarly, the Reverse REPO rate has been reduced from 3.75 Percent to 3.35 Percent. The Bank rate was also said to be 4.25 Percent from 4.65 Percent. According to the RBI data, Since March 2020 the economy of the country has been badly affected and most of the businesses have been harmed by the Covid-19 Lock down. It has been said that it is currently unable to gather proper data on Inflation rates and that there will be unexpected changes in the Inflation rates in ...

Macro Economic Policy - A brief explanation   The Economic policy is the term supported to explain the Government's policy on Budget, Taxes, the supply of money, interest rates on monetary view, Employment status of a country. The Government's purpose is to stable the inflation and need for long term economic growth. As simple, how the country manages its income and expenditure.   The Economic policy Classified into two, Micro Economics Macro Economics   Micro Economics:   It tells the economics of an individual, group or a companies. The main intention for this policy, to analyse the demand and supply for the production of an individual or a business level.   Macro Economics:   It describes the economic policy of whole or all like Gross Domestic Product (GDP), Industrial production, Inflation, Current Deficit, Employment or unemployment statistics, the import and export data.   The Macro Economic Policy:   As we know that the micro econo...

  ₹  10 Rs Coins are Valid, as legal tender - RBI   The Reserve Bank of India (RBI) reiterates legal tender status of   ₹  10 Rs Coins of different designs and valid. so, the RBI says that public can continue to accept the 10 Rs coins as legal tender.   The reason for the reiteration, that in certain places there is reluctance on part of traders and members of public to accept   ₹  10 Rs Coins due to suspicion about their genuineness.   The RBI also clarified that puts into circulation, the coins minted by mints, which are under the Government of India.These coins have distinctive features to reflect various themes of Economic, Social and cultural values and are introduced from time to time.   Up to now, there are 14 designs are issued in  ₹  10 Rs Coins, so in the market for public have 14 different designs of  ₹  10 Rs Coins. All these coins are legal tender and can be accepted for the transactions.   Previously, the RBI also issued a press...