UPSC Economy

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2021-10-13 15:30:03 ORGANISED MONEY MARKET

#Indianfinancialmarket

Since the government started developing the organised money market in India (mid-1980s), we have seen the arrival of a total of eight instruments designed to be used by different categories of business and industrial firms.

Treasury Bills (TBs):

Certificate of Deposit (CD):

Commercial Paper (CP):

Commercial Bill (CB):

Call Money Market (CMM):

Money Market Mutual Fund (MF):

Repos and Reverse Repos:

Cash Management Bill (CMB):

SOURCE - Indian economy by Ramesh singh.

@upsc_economy_notes Open / Comment

2021-10-13 14:30:05 #LAUNCH

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2021-10-11 15:30:05 MONEY MARKET IN INDIA

#Financialmarket

The organised form of money market in India is just close to three decades old. However, its presence has been there, but restricted to the government only.

It was the Chakravarthy Committee (1985) which, for the first time, underlined the need of an organised money market in the country and the Vahul Committee (1987) laid the blue print for its development.

Today, money market in India is not an integrated unit and has two segments— Unorganised Money Market and Organised Money Market.

SOURCE - Indian economy by Ramesh singh.

@upsc_economy_notes Open / Comment

2021-10-11 14:30:09 #LAUNCH

MAINS 2021 Test series - LAUNCH

Register At: https://imjo.in/Qz8HqC

Schedule: http://bit.ly/399R7xR

Seats Available: ONLY 500

Test Mode: Both Online/Offline

Above price is Valid for 100 Seats on first come, first serve basis!

For queries, Message us at t.me/sunyaias_mentorship Open / Comment

2021-10-10 15:30:05 UNORGANISED MONEY MARKET

The unorganised money market in India may be divided into three differing categories :-

Unregulated Non-Bank Financial Intermediaries : Unregulated Non- Banking Financial Intermediaries are functioning in the form of chit funds, nidhis (operate in South India, which lend to only their members) and loan companies.

Indigenous Bankers : Indigenous
bankers receive deposits and lend money in the capacity of an individual or a private firms.

Money Lenders : They constitute the most localised form of money market in India and operate in the most exploitative way.

SOURCE - Indian economy by Ramesh singh.

@upsc_economy_notes Open / Comment

2021-10-09 15:30:32 MONEY MARKET IN INDIA

#Financialmarket

The organised form of money market in India is just close to three decades old. However, its presence has been there, but restricted to the government only.

It was the Chakravarthy Committee (1985) which, for the first time, underlined the need of an organised money market in the country and the Vahul Committee (1987) laid the blue print for its development.

Today, money market in India is not an integrated unit and has two segments— Unorganised Money Market and Organised Money Market.

SOURCE - Indian economy by Ramesh singh.

@upsc_economy_notes Open / Comment

2021-10-08 17:10:07 INDIAN MONEY MARKET

#financialmarket

Money market is the short-term financial market of an economy. In this market, money is traded between individuals or groups (i.e., financial institutions, banks, government, companies, etc.), who are either cash-surplus or cash-scarce.

Trading is done on a rate known as discount rate which is determined by the market and guided by the availability of and demand for the cash in the day-to-day trading.

The ‘repo rate’ of the time (announced by the RBI) works as the guiding rate for the current ‘discount rate’. Borrowings in this market may or may not be supported by collateral.

SOURCE - Indian economy by Ramesh singh.

@upsc_economy_notes Open / Comment

2021-10-07 15:36:01 TYPES OF FINANCIAL MARKET

#Financialmarket

Financial markets in every economy are having two separate segments today, one catering to the requirements of short-term funds and the other to the requirements of long-term funds.

The short- term fnancial market is known as the money market, while the long-term financial market is known as the capital market.

The money market fulfills the requirements of funds for the period upto 364 days (i.e., short term) while the capital market does the same for the period above 364 days (i.e., long term).

SOURCE - Indian economy by Ramesh singh.

@upsc_economy_notes Open / Comment