Finance Fortnightly Since 2011
August 19th, 2013 - Issue 27
Loans
Jargons
demystified for you. Companies
Bill
In News Now
Raghuram Rajan,
NSEL fiasco and more! Growth Rate
Dip
A snapshot of the causes.
What you need to know.
Finance Fortnightly
Enlighten yourself
FINly
3 News Buzz
As always, we bring to the latest hap- penings from the world of finance.
4 Emerging Economies Losing
Luster: A Myth
Have the Emerging Market Economies permanently lost their sheen? Read on to find out
7 Companies Bill 2012
The long awaited bill finally gets passed.
Here is a ready reckoner of all the impor tant provisions.
9 Gold Rush?
"Buy gold and sit on it" was the standard saying. Does it still hold true?
10 Terminologies .
Loan Jargons Demystified!
Contributors
Harshal Mehta, Irina Goel, Paridhi Dixit,
Prasanna Pujari, Sagar Shetty, Saurabh Prasannaraj,
Utkarsh Ojha, Vrinda Ailani
Issue 27 - August 19th 2013 - FINly | 3
NEWS BUZZ
Raghuram Rajan Finally
Annointed
The government on 6th Augusts, 2013, named chief economic advisor Raghuram Rajan as the new Reserve Bank of India governor for a term of three years.
Dr Rajan, is a former IMF economist, visiting professor to the World Bank and US Federal Reserve Board. He was one of the few economists who predicted the 2008 credit crisis.
Rajan takes over from Dr. D Subbarao on 4 September. He takes over the reins of the central bank at a time when the economy is facing crisis, the Indian Rupee (INR) is on a free fall, equity and bond markets are nervous and the government at the center wants quick fixes before the 2014 general elections. The challenge before him is to frame policies so as to control inflation and boost economy.
NSEL Incident
Adding to already critical economic conditions of India, Financial Technologies promoted National Spot
Exchange suspended trading