The term financial crisis is applied broadly to a variety of situations in which some financial institutions or assets suddenly lose

a large part of their value

Banking crisis

Speculative bubbles and crashes International financial crisis

Wider economic crisis

Leverage

Uncertainty & herd behavior

Fraud

Regulatory failures

Contagion

Recessionary effects

Gross Domestic Product

Fiscal Deficit

Cash Reserve Ratio

Statutory Liquidity Ratio

Repo Rate

Reverse repo rate

Liquidity

Bailout

Lender of last resort

 The term "subprime" reflects not the lending rate but the borrower's credit status It is a doubled edged sword with interest rate at one end & property price at the other end Implications not only for the US but for the entire world Effect of subprime crisis on Indian economy

 A period of time in which several European countries faced the collapse of financial institutions

Market growth of Indian products and services were delayed

Unemployment in the lower income category like textiles Europe is finding itself at the crossroads and there is only one way forward & that is reduction of deficits

India must not take eurozone crisis lightly: Chief Economic Advisor Raghuram Rajan Direct and indirect trade exposures Interconnected banking debts Investor confidence Changes in government law
Raghuram Rajan Chief Economic Advisor

SEVEN GAME-CHANGERS: Insurance Law Amendment Bill

Pension Fund Regulatory and Development Authority Bill

Forward Contracts (Regulation) Amendment Bill Amendment to Companies Bill, 2011 Competition Act (Amendment) Bill International status to five airports Tripartite model for infrastructure debt funds

Iranian rial dropped by over 40% Iran is in danger of a balance of payments crisis Prices of consumer goods have been rising steadily High subsidies and massive spending programmes
Grand Ayatollah Ali Khamenei Supreme Leader of Iran

Spain faced renewed pressure to take the politically humiliating step of seeking sovereign aid Consumer prices in Spain rose at their fastest pace in 16 months in September Greece & Spain should be given more time to cut Deficits

 http://en.wikipedia.org/wiki/Financial_crisis http://en.wikipedia.org/wiki/Gross_domestic_product http://en.wikipedia.org/wiki/Reserve_Bank_of_India#Reserve_requirement.7CCash_Res erve_Ratio_.28CRR.29 http://www.investopedia.com/terms/f/fiscaldeficit.asp#axzz28v8pycRe http://en.wikipedia.org/wiki/Deficit http://en.wikipedia.org/wiki/Subprime_mortgage_crisis http://en.wikipedia.org/wiki/European_sovereign-debt_crisis http://articles.economictimes.indiatimes.com/2012-08-23/news/33342453_1_eurozonecrisis-raghuram-rajan-indirect-trade-exposures http://articles.economictimes.indiatimes.com/2012-10-05/news/34279593_1_fiscal-deficitgrim-picture-government-finances http://www.business-standard.com/india/news/big-bang-reforms-get-bigger/488626/ http://mobilepaper.timesofindia.com/mobile.aspx?article=yes&pageid=22&sectid=edid= &edlabel=ETM&mydateHid=07-10-2012&pubname=Economic+Times++Mumbai&edname=&articleid=Ar02200&publabel=ET http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Archive&Sourc e=Page&Skin=ETNEW&BaseHref=ETM/2012/10/12&PageLabel=19&EntityId=Ar0190 1&ViewMode=HTML

Rohini Katke Neha Jha Deep Gala Nanda Golvankar Sharvari Durve Sushma Ghadge Vrushal Sangvekar Niveeta Meshram Ganesh Gite