RBI vision document on payments: An evaluation

by Madhavi Pundit and Suyash Rai

On June 27, RBI published its Payment System Vision Document (2012-15). The document shows RBI’s vision and mission for the payment system, and specifies the objectives, approaches and courses of action emanating from the same. It is a laudable step taken by RBI to discuss its plans for . . . → Read More: RBI vision document on payments: An evaluation

Miners Are Unlocking China’s Gold: Noel White

China may be investing billions elsewhere to locate new mineral deposits, but Geologist Noel White believes there are huge discoveries yet to be unearthed within its borders. White, an independent geological consultant with Enargite in Brisbane, Australia, says China’s history and politics have slowed development of its mining at home. In this exclusive . . . → Read More: Miners Are Unlocking China’s Gold: Noel White

Not all pensions are created equal

So here is one of those factoids that may confuse those who read too much news.

So what do we know about the City of Pittsburgh’s pension system? Officially it was funded at around 56%, but that really is an old number. It also is a number that is more than double what it . . . → Read More: Not all pensions are created equal

Economic Events on July 9, 2012

At 3:00 PM Eastern time, the Consumer Credit report for May will be released.  The consensus estimate is that there will be an increase of $8.5 billion in the consumer credit available, after an increase of $6.5 billion in the previous month.