Economy is an island of macroeconomic and financial stability, says RBI Governor Shaktikanta Das - The Hindu
https://www.thehindu.com/business/Economy/rbi-governor-shaktikanta-das-press-conference-in-mumbai-on-august-5-2022/article65730430.ece
https://www.thehindu.com/business/Economy/rbi-governor-shaktikanta-das-press-conference-in-mumbai-on-august-5-2022/article65730430.ece
Thehindu
Economy is an island of macroeconomic and financial stability, says RBI Governor Shaktikanta Das
Shaktikanta Das said country's current account deficit will be manageable and the central bank has the ability to manage the gap
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π΄ There are many important terms in the article above....do read them cautiously; like:
---- Black Swan events
-----Bharat Bill Payment System (BBPS)
-----Mumbai Interbank Outright Rate (MIBOR)
-----Overnight indexed swap (OIS) contract
-----Interest rate derivatives (IRDs)
-----Standalone Primary Dealers (SPDs)
-----Foreign Currency Settled Overnight Indexed Swap (FCS-OIS)
---- Black Swan events
-----Bharat Bill Payment System (BBPS)
-----Mumbai Interbank Outright Rate (MIBOR)
-----Overnight indexed swap (OIS) contract
-----Interest rate derivatives (IRDs)
-----Standalone Primary Dealers (SPDs)
-----Foreign Currency Settled Overnight Indexed Swap (FCS-OIS)
π¦BLACK SWAN //Economy // GS-3 //
β A black swan is an extremely rare event with severe consequences;
β It cannot be predicted beforehand;
β Black swan events can cause catastrophic damage to an economy by negatively impacting markets and investments, even the use of robust modeling cannot prevent a black swan event;
β Reliance on standard forecasting tools can both fail to predict and potentially increase vulnerability to black swans by propagating risk and offering false security;
π΄The term was popularized by the book, The Black Swan, by Nassim Nicholas Taleb.
β A black swan is an extremely rare event with severe consequences;
β It cannot be predicted beforehand;
β Black swan events can cause catastrophic damage to an economy by negatively impacting markets and investments, even the use of robust modeling cannot prevent a black swan event;
β Reliance on standard forecasting tools can both fail to predict and potentially increase vulnerability to black swans by propagating risk and offering false security;
π΄The term was popularized by the book, The Black Swan, by Nassim Nicholas Taleb.
π¦ Examples of black swan events::::::::::::ππππ
π 2008 Financial Crisis
π2008 Zimbabwe hyperinflation
πDotcom bubble of 2001
πFall of successful hedge fund Long - Term Capital Management (LTCM) due to ripple -effect
π Recent Covid Crisis
π΄
Because black swan is considered to be rare, since most swans are white!
-----_-----_-----_-----------_-_-----_----------
π΄ What Is a Grey Swan Event?
A grey swan event is an outlier, but which is more probably than a black swan. As a result, people can better prepare for and hedge against a grey swan than for a black swan.
π 2008 Financial Crisis
π2008 Zimbabwe hyperinflation
πDotcom bubble of 2001
πFall of successful hedge fund Long - Term Capital Management (LTCM) due to ripple -effect
π Recent Covid Crisis
π΄
Why these are called "black swan" ??
Because black swan is considered to be rare, since most swans are white!
-----_-----_-----_-----------_-_-----_----------
π΄ What Is a Grey Swan Event?
A grey swan event is an outlier, but which is more probably than a black swan. As a result, people can better prepare for and hedge against a grey swan than for a black swan.
π5
β
Mizhavu, a single major instrument in Kootiyattam, is also the main rhythmic accompaniment for Nangiarkuttu (female counterpart of kootiyattam).
β It was also instrumental in the development of a popular art form in Kerala known as 'Thullal'.
#AmritMahotsav
#MusicalInstrument
β It was also instrumental in the development of a popular art form in Kerala known as 'Thullal'.
#AmritMahotsav
#MusicalInstrument
π1
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πWith a true bond of trust not to be broken:: a friendship bond, we are here to show you the right path for UPSC!!
πWe need only three rules from your side :
PATIENCE
PERSEVERANCE
DEDICATION.
πΏ And with our tagline
π§Ώΰ€Έΰ€Ή ΰ€¨ΰ€Ύΰ€΅ΰ€΅ΰ€€ΰ₯
Saha nΔvavatu ΰ₯€
Let's grow together !!
π Happy Friendship Day !!
#DidYouKnow?
πΏ In 1878, a 17-year-old boy spent a short while at a school in Brighton, England. His father had sent him to study for the bar & he stayed at his elder brotherβs home in Medina Villas.
πΏ The boy was none other than #RabindranathTagore & this plaque ππ now hangs in Brighton & Hove as a tribute to the time he spent there.
πΏ In 1878, a 17-year-old boy spent a short while at a school in Brighton, England. His father had sent him to study for the bar & he stayed at his elder brotherβs home in Medina Villas.
πΏ The boy was none other than #RabindranathTagore & this plaque ππ now hangs in Brighton & Hove as a tribute to the time he spent there.
π1
π΄ Remembering Indian polymath - poet, writer, philosopher, social reformer, Nobel Laureate, and composer of our #NationalAnthem, Gurudev Rabindranath Tagore on his death anniversary.
#AmritMahotsav #MainBharatHoon #RabindranathTagore #RabindraNathTagore2022
#AmritMahotsav #MainBharatHoon #RabindranathTagore #RabindraNathTagore2022
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