Sunday, October 30, 2016

Banking and Economy

Bombay Stock Exchange (BSE) Ltd has launched a new service for algorithm trading test facility for investors on its derivatives and equity platform
What is Algorithm Trading? 
Algorithmic trading in financial markets refers to transaction orders generated by using advanced mathematical models that involve
automated execution of trade.
World Bank to fund 20 million US dollar for reconstructing Indira Gandhi Zoological Park
India’s Dinesh Sharma on 17 January 2016 was elected to the 12-member board of directors of the China-sponsored Asian Infrastructure Investment Bank (AIIB). A secret ballot for the post was held on 16 January 2016.
The United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) on 19 January 2016 released World Economic Situation and Prospects (WESP) 2015 report.
Highlights of the Report:
-Global growth is estimated at a mere 2.4 percent in 2015.
-The world economy is projected to grow by 2.9 percent in 2016 and 3.2 per cent in 2017.
-GDP growth in the least developed countries is expected to rebound from 4.5 percent in 2015 to 5.6 percent growth in 2016.
-Global energy related carbon emissions experienced no growth in 2014 for the first time in 20 years. India’s largest lender State Bank of India (SBI) has launched SBI e-Smart SME to provide a working capital loan for sellers on ecommerce platforms. It was launched by SBI in partnership with ecommerce platform Snapdeal in the presence of bank’s chairman Arundhati Bhattacharya and Snapdeal CEO Sri Kunal Bahl.
India’s largest lender State Bank of India (SBI) has launched ‘Japan Desk’, a single window for inbound Japanese investments in India and vice-versa. This is a first-ofits- kind initiative that seeks to facilitate Japanese corporates looking to invest in India with banking and advisory services.

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