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India is the world's top receiver of remittances, claiming more than 12% of the world's remittances in 2015. [ 30 ] [ 31 ] Indians living overseas are the world's largest diaspora. As per the Ministry of Overseas Indian Affairs (MOIA), remittance is received from the approximately 35 million members of the Indian diaspora . [ 32 ]
Reserve requirements – specifies a required minimum percentage of deposits in a commercial bank that should be held as a reserve (i.e. as deposits with the Federal Reserve), with the rest available to loan or invest. Higher requirements mean less money loaned or invested, helping keep inflation in check.
[23] [30] On 5 September 2014, the group—in a regulatory filing with the US Securities and Exchange Commission (SEC)—set a US$60- to $66- per-share price range for its scheduled initial public offering (IPO), the final price of which would be determined after an international roadshow to gauge the investor interest in Alibaba shares to ...
Bank run during the Great Depression in the United States, February 1933. A bank run is the sudden withdrawal of deposits of just one bank. A banking panic or bank panic is a financial crisis that occurs when many banks suffer runs at the same time, as a cascading failure.
The financing was facilitated by a $400 million city property tax abatement arranged for him by his father who also, jointly with Hyatt, guaranteed a $70 million bank construction loan. [ 11 ] [ 24 ] The hotel reopened in 1980 as the Grand Hyatt Hotel , [ 25 ] and that same year, he obtained rights to develop Trump Tower , a mixed-use ...
An Enron manual of ethics from July 2000, about a year before the company collapsed. Enron's complex financial statements were confusing to shareholders and analysts. [1]: 6 [10] When speculative business ventures proved disastrous, it used unethical practices to use accounting limitations to misrepresent earnings and modify the balance sheet to indicate favorable performance.
The comparative rise of China, India, and other developing countries also contributed to their growing clout in international forums. In 2009, it was determined that the G20 , originally a forum of finance ministers and central bank governors, would replace the G8 as the main economic council.
The English name of "Singapore" is an anglicisation of the native Malay name for the country, Singapura (pronounced), which was in turn derived from the Sanskrit word for 'lion city' (Sanskrit: सिंहपुर; romanised: Siṃhapura; Brahmi: 𑀲𑀺𑀁𑀳𑀧𑀼𑀭; literally "lion city"; siṃha means 'lion', pura means 'city' or 'fortress'). [9]