Month: January 2014

Romania Central Bank the 1st Banker to cuts Interest rate 25 bps to 3.75% in 2014 , 5th cut a row

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8th January 2014

Romania’s central bank cut its policy rate by 25 basis points to 3.75 percent, its fifth rate cut in a row, and lowered the minimum reserve requirements on both domestic and foreign currency liabilities by banks.
    In a brief statement, the National Bank of Romania said the reserve requirements on leu-denominated liabilities would be cut by 300 basis points to 12 percent while foreign currency liabilities would be cut by 200 basis points to 18 percent starting from the Jan. 24-Feb. 23 maintenance period.
    Further details about the central bank’s decision would be released at a press conference later today.
    Romania’s central bank cut its rate by 125 basis points in 2013, most recently in November, in response to falling inflation.
    In its November inflation report, the bank revised down its forecast for end-2013 inflation to 1.8 percent from 3.1 percent, and the 2014 forecast down to 3.0 percent from 3.1 percent. The central bank bank, which targets inflation of 2.5 percent within a one percentage point band, said it expected inflation to fall below its lower bound during the first half of this year and then gradually rise.
    Romania’s inflation rate eased to a new low for the year of 1.83 percent in November, down from 1.88 percent in October and a 2013-high of 6.0 percent in January. The fall in inflation was due to lower agricultural prices due to a good harvest and a cut in taxes on bread and other bakery products.
    The cut in reserve requirements comes after the central bank in December released a report into the reporting of bad bank debts that showed that the proportion of non-performing bank loans was 21.7 percent at the end of October.

Romania cuts rate 25 bps to 3.75%, 5th cut a row – Central Bank News.

12 Indian Sectoral Indices performance on BSE , The Stock Exchange , Mumbai

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12 Indian Sectoral Indices performance on BSE , The Stock Exchange , Mumbai

How did 12 Sectors or Industries performed on Trading Day 21th of January 2014

All these 12 Sectors cum Industry Indices are listed at #BSE . The Stock Exchange , Mumbai , India …..

#IndiaSectorPerformance #IndiaStockMarketupdate #IndiaFinancialMarket #IndiaEquities

Worldwide, Median Household Income About $10,000

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December 16, 2013

Country-level income closely related to Payroll to Population results

by Glenn Phelps and Steve Crabtree

WASHINGTON, D.C. — The median annual household income worldwide is $9,733, and the median per-capita household income is $2,920, according to new Gallup metrics. Vast differences between more economically developed countries and those with developing or transitional economies illustrate how dramatically spending power varies worldwide. Median per-capita incomes in the top 10 wealthiest populations are more than 50 times those in the 10 poorest populations, all of which are in sub-Saharan Africa.



These results are based on Gallup data gathered between 2006 and 2012 in 131 populations. To calculate an internationally comparable household income measure, Gallup asked respondents in most countries the following question: “What is your total monthly* household income in [local currency], before taxes? Please include income from wages and salaries, remittances from family members living elsewhere, farming, and all other sources. Again, please provide your total monthly household income.” (*In Organisation for Economic Co-operation and Development countries where appropriate, the question asked about annual rather than monthly income.)

Those respondents who hesitate to answer or have trouble coming up with a precise estimate are presented a set of income ranges in their local currency and asked which group they fall into. Their estimates are taken as the midpoint of the range. Estimates of household income are expressed in international dollars, created using the World Bank’s individual consumption PPP conversion factor, making income estimates comparable across all 131 countries. Yearly and country-level data are available through Gallup Analytics.

Income Related to Prevalence of Full-Time Work for Employers

Gallup’s income measures are strongly associated with the proportion of adult residents in each country who say they are employed full time for an employer — a measure Gallup refers to as “Payroll to Population.” The Payroll to Population metric gauges the prevalence of formal full-time employment in a country, as opposed to part-time or intermittent work or subsistence-level self-employment. Countries with high Payroll to Population figures also have high average incomes.




Bottom Line

In recent years, political leaders, policymakers, and academics have criticized the use of traditional macroeconomic indicators, such as per-capita gross domestic product or gross national income, as insufficient for characterizing the quality of life for a country’s population. The assumption that the richer the country, the better off its people are is a useful generalization, but there has been growing recognition among economists and policymakers that traditional economic indicators are not adequate when it comes to characterizing a population’s well-being.

Understanding how a country’s overall economic performance affects the quality of life of its residents requires “bottom-up” metrics that complement and expand on macro-level information. Income data collected at the household level have tremendous utility for achieving this task, but there has been no comprehensive or uniform source of these data before now. Through its World Poll, Gallup has collected estimates of household income and related measures at least annually in more than 130 countries for the past seven years. The results offer the potential for powerful new insights into how income relates to other developmental indicators such as employment conditions and residents’ overall well-being

Worldwide, Median Household Income About $10,000.

India’s Foreign Exchange Reserves currently stand at US Dollar 293 billion

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India's Foreign Exchange Reserves currently stand at US Dollar 263 billion

#IndiaForexReserves : India’s Foreign Exchange Reserves at US Dollar 263 billion

Latest Data Released by India’s Central Bank RBI Reserve Bank of India

Bse500 Index performance 13th to 17th January 2014

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Performaance of Top500 listed Companies at BSE …….

#Bse500 Index performance for last 5 Trading days from 13th to 17th January 2014

#Bse500Index of The Stock Exchange , Mumbai also known as BSE or Bombay Stock Exchange.

Loan Rates in India

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India Bank Lending Rates

Indian Banking Loan Rates

#HomeLoanRates #EducationLoanRate #PersonalLoanRate #CarLoanRate

Disclaimer:This are Indicative rates and for Information purpose only

For more details please visit Union Bank of India website

Armenia Central Bank cuts Interest rate 25 bps in the last week of December 2013 : December2013Review

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24th December 2013

 Armenia’s central bank cut its benchmark refinancing rate by another 25 basis points to 7.75 percent and said monetary policy would be weakened further in 2014 given the external and domestic economic developments and a further reduction in inflation.
    The Central Bank of Armenia (CBA) cut its rate by 50 basis points in November, reversing a rate rise in August for a net cut in rates this year of 25 points.
    Armenia’s inflation rate eased to 6.6 percent in November from 7.14 percent in October, a faster decline than forecast, and the CBA said it expects inflation to reach the upper limit of the bank’s inflation target range by the end of the year.
    The bank expects inflation to continue to decline in coming months and return to the bank’s 4.0 percent target within a 1.5 percentage point band.
    Armenia’s Gross Domestic Product expanded by an annual rate of 1.4 percent in the third quarter, up from 0.6 percent. Last month the central bank forecast economic growth this year of 3.4-3.8 percent, down from the government’s original 6.2 percent growth forecast.
    The bank’s president also announced in November that the central bank would be adopting an inflation targeting policy.

Armenia cuts rate 25 bps, sees further rate cuts in 2014 – Central Bank News.