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The explosive growth of the Internet has brought many good things: electronic commerce, easy access to vast stores of reference material, collaborative computing, e-mail, and new avenues for advertising and information distribution, to name a few. As with most technological advances, there is also a dark side: criminal hackers. Governments, companies, and private citizens around the world are anxious to be a part of this revolution, but they are afraid that some ...
Central banking system (of any country) has an indelible impact on the micro and macro economy factors of a country. The strategies implemented by central banks form the basis for analyzing the significant contributors of economic welfare. It ensures smooth functioning of the economy by protecting the economic interest of a country. As an apex institution a central bank is responsible for streamlining the flows of capital, trade, investment and currencies across ...
Central Banking is regarded by many as one that is engaged in the formulation of monetary policy, banking and financial policies, and one of regulating and supervising the finances and bringing about financial stability of the country. Concomitant with the above statutory obligation enjoined on it, the bank strives to bring the supervisory and regulatory standards of commercial banks on a par with the international best practices. In this context, it is critical ...