Inflation is defined as the general increase in the prices of goods and services over a period of time. It is measured as the percentage increase in the average price level of a basket of goods and services in an economy. It can be caused by a variety of factors, including an increase in demand, …
The Consumer Price Index (CPI) is a crucial economic indicator that measures changes in the cost of living for households in India. The CPI tracks the price changes of a basket of goods and services consumed by households, including food, housing, healthcare, transportation, and education. Calculation of Consumer Price Index (CPI) The CPI is calculated …
The Wholesale Price Index (WPI) is a crucial economic indicator that measures the changes in prices of goods at the wholesale level in India. It tracks the average change in the price of a basket of goods traded in wholesale markets, including agricultural products, industrial raw materials, and manufactured goods. Calculation of Wholesale Price Index …
As part of Banking Reforms, Banks Board Bureau was constituted. It is entrusted to improve the commercial performance and governance process of state-owned banks, by appointing the right candidates to lead these institutions. BBB is responsible for selection of Heads of PSBs, and for Fulltime Directors and Non-Executive Chairman on the Boards of PSBs. Later, …