How rbi manage money supply in the economy
Organizations mostly in NEWS. All should know about it. And Questions asked in exams from these are
NASSCOM
The National Association of Software and Services Companies (NASSCOM).
The Indian Chamber of Commerce is a consortium that serves as an interface to the Indian
Software industry and Indian BPO industry.
NASSCOM President R. Chandra Sekhar.
It was established in 1988. NASSCOM is a Non-Profit Organization.
Headquarters : New Delhi, India with Regional Offices in the cities of Mumbai, Chennai,
Hyderabad, Bangalore, Pune and Kolkata
ASSOCHAM
The Associated Chambers of Commerce and Industry of India (ASSOCHAM)
ASSOCHAM President : Rana Kapoor
The Association’s Head Office is located in New Delhi, India and Regional Offices are located in the cities of Ahmedabad, Bangalore and Kolkata.
International Finance Corporation (IFC)
Established Year : 1956
Affiliate of the IBRD
Headquarters :Washington D. C., United States
The IFCI is a member of the World Bank Group.
Major objective is economic development by encouraging growth of productive private enterprise.
International Development Association (IDA) :
Established Year : 1960
Headquarters :Washington D.C., United States
Membership – 172 Countries
The IDA is a member of the World Bank Group.
International Monetary Fund (IMF)
International Monetary Fund (IMF) was set up by 44 Nations under the Bretton Woods
Agreement of July 1944. This institute was established on 27th December 1945. But it is started its
function on 1st March 1947.
Headquarters :Washington D.C., United States
Members – 188 Nations (Founding), 188 Nations (To Date) 188 Countries, 29 Countries (Founding)
The Head of IMF is known as Managing Director
The Head of IMF – Chirstine Lagarde [Former Finance Minister of France]
The financial year of IMF : 1st May – 30th April
The head of IMF elected for 5 years (But can be removed earlier).
Latest / Last Member of IMF – Tuvalu
Quotas and Voting Ranking – India occupies 9th Place in IMF General Quotas where USA in 1st Japan in 2nd, Germany in 3rd Place.
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