Reserve Bank of India (RBI) Governor Shaktikanta Das has said that the central bank is concerned over the impact of cryptocurrencies may have on the financial stability in the economy and has conveyed the same to the government. He said ‘we have certain major concerns about cryptocurrencies. We have communicated them to the government. It is under consideration in the government and I do expect and I think sooner or later the government will take a call and if required Parliament also will consider and decide.’
Das has stated that the government is planning to introduce a bill in Parliament to bar companies and individuals from dealing in cryptocurrencies while creating a framework for an official digital currency. He said the RBI is 'very much in the game' and is getting ready to launch its own digital currency. If this happens, he said the RBI will join other central banks including that of China, where it has electronic yuan.
On inflation targeting, the governor said the central bank's internal working group will come out with its report on the target band in the next few days. He noted that the Monetary Policy Framework, which mandates the Reserve Bank to maintain consumer price index or retail inflation at 4 percent in a band of (+/-) 2 percent, is coming up for review in March end. He said in the near term, inflation would remain benign below 6 percent, even though core inflation remains elevated at around 5-5.5 percent.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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