After the lockdown was imposed, the number of COVID-19 cases has been doubling every six days in India. Before the lockdown, the doubling happened every three days.
Policy
RBI slashes reverse repo to 3.75%, hints at a further rate cut. Plans to conduct ₹50,000 crores TLTRO to ease liquidity crunch of NBFCs/MFIs
RBI Governor Shaktikanta Das on Friday said the country’s foreign exchange reserves have risen nearly $2 billion to $476.5 billion as on April 10. The forex cover will be enough for 11.8 months, or nearly a year, of the country’s imports, he added.
In February, net FDI was $2.9 billion, compared to $1.9 billion in the year-ago period. PTI
China’s economy contracted for the first time on record in first quarter. China GDP fell 6.8 percent in January-March year-on-year.
Polity
Govt decision on redefiing SMEs soon: Gadkari. Instead of companies with an annual turnover of up to ₹10 crores, companies with revenue of up to ₹250 crores will be termed SMEs, according to the proposal.
CBIC processes GST refund of ₹575 crores in 15 day
MSMEs ask for a bigger support package
Business
Healthcare sector’s loss could touch ₹24,000 cr: FICCI-EY study
Discoms may face ₹30,000 crore revenue loss
AMFI estimated gross subscriptions to open-end equity funds at ₹30,109 crores for March 2020, up 21 percent from February and 9 percent from March 2019. It praised retail investors for turning this crisis into opportunity, by committing a record ₹1 lakh crore into equity SIPs in FY20.
[Event] Increasing fiscal transparency in the government and financial sector
Capacity Development Strategy for Rwanda
Forward-looking policy priorities will focus on improving fiscal transparency, domestic revenue collection, interest rate-based monetary policy framework, improving and harmonizing statistical reporting which includes real statistics, budget preparation, external sector statistics, and promoting private investment. Rwanda is a high-intensity Technical Assistance (TA) recipient with a good track record for use of IMF technical assistance. The authorities’ proven commitment/ownership mitigates risks, and future success will require continued close coordination between the authorities, TA providers, and the AFR team. In the most recent fiscal year, TA was provided for:
Tax policy: An initial mission to estimate and assess tax expenditures and a model-building workshop took place.
Revenue administration: A mission to improve the Integrity of Taxpayer Register took place; assistance with the Revenue forecasting tool was provided.
Public Financial Management: The blueprint on the move to accrual accounting was reviewed, with recommendations on phasing, defining intermediate milestone, and a monitoring system; cash management and budget execution missions.
Government Finance Statistics: Compilation and dissemination of high frequency fiscal and debt data and moving to GFS-2014 format reporting.
Data standardization: To improve adherence to the data standards initiative, an e-GDDS mission took place.
Real sector statistics: Refinements were made to quarterly indicators and quarterly GDP estimates.
Money and FX Market Operations: Further measures to facilitate the development of the repo market.
Financial sector supervision and regulation: The central bank received training on risk-based supervision and formalizing its macroprudential policy framework and strengthening Basel II implementations and corporate governance as well as supervisory framework for forex bureau sectors.
Rwanda will begin implementing Forward-Looking TA Agendas into action to further develop the country's economical infrastructure.
Improve Transparency of Government Spending
Fiscal Transparence Evaluation; improving frequency and coverage of fiscal and debt data, implementing GFS-2014 formal fiscal data, and development of IPSAS accounting manual and providing IPSAS training
Improve domestic revenue mobilization through reducing and better targeting exemptions and improving revenue administration core functions
Follouw up TA on tax expenditures, reviewing the integrity of the taxpayer reigster, strengthening tax audi capacity of telecommunications sector, devloping a domestic taxes department headquarters function with its process flow and staff roles and responsibilites, as well as evaluation of revised property tax law.
Enable comprehensive, credible, and policy based budget preparation
Developing a roadmap for the implementation of performance based budgeting throughout the government sector
Enhance the effectiveness of monetary policy implementation
Training on Forecasting and Policy Analysis (FPAS)
Enhance financial sector supervision
Assisting in implementing a risk based supervision (RBS) including for insurance companies, adopiting IFRS, enhanscing RBS for MFIs and SACCos, and implementing Basel II/III
Establish an effective macroprudential policy framework and reofm and develop national payment system
Enhancing macroprudential oversight of non-bank insurance companies and pension firms, enhancing oversight policy framework, and oversight training.
I am new to Forex and am currently developing my forex trading system. Basically the system comprises of an entry indicator, trend indicator, volume indicator and exit indicator in addition to extensive risk management rules. The difficulty I am having with is the volume indicator. The system is currently 60% profitable; however after backtesting I see that the losses are primarily stemming when the market is stagnant and there is not much volatility. I have tried out volatility and volume indicators such as MFI CMF On Balance Volume with strategies such as zero line cross or crossover a threshold but haven't had much success. Anybody else run into the problem? Have you found a suitable volume indicator to prevent entering in trades when the markets are tight? Any thoughts on this are very much appreciated.
[Event] Increasing fiscal transparency in the government and financial sector
Capacity Development Strategy for Rwanda
Forward-looking policy priorities will focus on improving fiscal transparency, domestic revenue collection, interest rate-based monetary policy framework, improving and harmonizing statistical reporting which includes real statistics, budget preparation, external sector statistics, and promoting private investment. Rwanda is a high-intensity Technical Assistance (TA) recipient with a good track record for use of IMF technical assistance. The authorities’ proven commitment/ownership mitigates risks, and future success will require continued close coordination between the authorities, TA providers, and the AFR team. In the most recent fiscal year, TA was provided for:
Tax policy: An initial mission to estimate and assess tax expenditures and a model-building workshop took place.
Revenue administration: A mission to improve the Integrity of Taxpayer Register took place; assistance with the Revenue forecasting tool was provided.
Public Financial Management: The blueprint on the move to accrual accounting was reviewed, with recommendations on phasing, defining intermediate milestone, and a monitoring system; cash management and budget execution missions.
Government Finance Statistics: Compilation and dissemination of high frequency fiscal and debt data and moving to GFS-2014 format reporting.
Data standardization: To improve adherence to the data standards initiative, an e-GDDS mission took place.
Real sector statistics: Refinements were made to quarterly indicators and quarterly GDP estimates.
Money and FX Market Operations: Further measures to facilitate the development of the repo market.
Financial sector supervision and regulation: The central bank received training on risk-based supervision and formalizing its macroprudential policy framework and strengthening Basel II implementations and corporate governance as well as supervisory framework for forex bureau sectors.
Rwanda will begin implementing Forward-Looking TA Agendas into action to further develop the country's economical infrastructure.
Improve Transparency of Government Spending
Fiscal Transparence Evaluation; improving frequency and coverage of fiscal and debt data, implementing GFS-2014 formal fiscal data, and development of IPSAS accounting manual and providing IPSAS training
Improve domestic revenue mobilization through reducing and better targeting exemptions and improving revenue administration core functions
Follouw up TA on tax expenditures, reviewing the integrity of the taxpayer reigster, strengthening tax audi capacity of telecommunications sector, devloping a domestic taxes department headquarters function with its process flow and staff roles and responsibilites, as well as evaluation of revised property tax law.
Enable comprehensive, credible, and policy based budget preparation
Developing a roadmap for the implementation of performance based budgeting throughout the government sector
Enhance the effectiveness of monetary policy implementation
Training on Forecasting and Policy Analysis (FPAS)
Enhance financial sector supervision
Assisting in implementing a risk based supervision (RBS) including for insurance companies, adopiting IFRS, enhanscing RBS for MFIs and SACCos, and implementing Basel II/III
Establish an effective macroprudential policy framework and reofm and develop national payment system
Enhancing macroprudential oversight of non-bank insurance companies and pension firms, enhancing oversight policy framework, and oversight training.
The Government has no proposal to increase the amount provided under the Pradhan Mantri Awaas Yojana, the Minister for Rural Development Narinder Singh Tomar informed the Rajya Sabha today. -Economic Times India’s financial system remains stable against the backdrop of improving resilience of the banking sector, even though the emerging trends in global economic as also geopolitical environment pose challenges, the RBI said. -Business Line The RBI is reviewing its master direction on frauds and considering additional measures for timely recognition of frauds and enforcement action against violations, it said in its financial stability report (FSR). -Livemint The RBI today set an average base rate of 9.18% for non-banking financial companies and micro finance institutions to be charged from their customers for the quarter beginning July 1. “The applicable average base rate to be charged by non-banking financial companies and micro finance institutions (NBFC-MFIs) to their borrowers for the quarter beginning July 1, 2019 will be 9.18%,” RBI said in a release. -Business Line In a staggering revelation indicating that Indian banks have been under-reporting frauds. The Data released by the RBI in its latest edition of the Financial Stability Report, suggests that nearly 40% of the under-reported frauds actually took place in 3 years between 2013 to 2016. -Economic Times Gross NPAs of NBFCs have risen from 5.8% in 2017-18 to 6.6% of their loans in 2018-19 even as net NPAs declined by 10 basis points from 3.8 to 3.7 per cent in the same period, the RBI’s Financial Stability Report has said. -Business Standard After taking a hit on account of loans to IL&Fs, Bandhan Bank will stay away from big corporate loans, and will remain focused on micro-loans in the short term, C S Ghosh, MD & CEO of the bank said. -Business Standard IndusInd Bank has now become 2.58% owner of micro -finance firm Satin Creditcare following allotment of 13.43 lakh equities against preference shares. -Economic Times United Bank of India (UBI) is targeting an NPA recovery of around Rs 4,000 crore in the 2019-20 fiscal on the back of a one-time settlement (OTS) scheme, a top official said. In the April-June quarter, the bank is expecting a recovery of Rs 300-400 crore, which would mainly accrue from the retailing sector, MD and CEO Ashok Kumar Pradhan said. -Business Line As per latest NPCI data, 33.5 million transactions worth Rs 9,000 crore happened over micro ATMs in May. The Aadhar-Enabled Payments Channel (AEPS), which falls under the broader category of micro-ATMs, has emerged as one of the fastest growing payments systems in the country, second only to the UPI system in terms of annual volume growth. -Economic Times The SBI today revealed the names of 10 new big-ticket firms from the pharmaceuticals, gems and jewellery and power sectors and also their top officials as it declared them 'wilful defaulters'. Mostly based in Mumbai, the outstandings from these loan defaulters are pegged at nearly 1,500 crore, and they have been served repeated reminders to clear their borrowings. -Livemint Bank of Maharashtra said it will raise up to Rs 3,000 crore equity capital through various modes, including follow-on public offer or preferential issuance of shares. The decision was taken at the bank's annual general meeting held on June 27, 2019. -Moneycontrol.com SIDBI has committed Rs 3,123.2 crore to 49 SEBI registered Alternative Investment Funds (AIFs), who in turn have invested Rs 1,625.73 crore into 247 startups, commerce and industry minister Piyush Goyal said today. -Economic Times In a first-of-its-kind initiative, a Jet Airways Employee Consortium and AdiGroup today announced a partnership to bid for 75% of the airline through the NCLT process, members of the consortium said. -Economic Times Union Minister for MSME Nitin Gadkari said that his vision is to increase MSMEs contribution to India’s GDP to over 50% from the current 29% and that for the Indian economy to scale the $5 trillion mark. -Economic Times PM Modi and US President Donald Trump Friday "aired" their concerns over the bilateral trade disputes and agreed for an early meeting of their commerce ministers to sort out the issues, a day after the US leader demanded withdrawal of the "very high" tariffs levied by India on American goods. -Economic Times India has received USD 1.81 billion FDI from China during April 2014 to March 2019, Parliament was informed Friday. -Economic Times India's foreign exchange reserve touched a life-time high of $426.42 billion after it surged by $4.215 billion in the week to June 21, RBI data showed. Forex reserves had scaled a record high of $426.028 billion in the week to April 13, 2018. -Livemint USD/INR 69.02 SENSEX 39394.64(-191.77) NIFTY50 11788.85(-52.70)
[EVENT] Increasing fiscal transparency in the government and financial sector
May 4, 2022
Capacity Development Strategy for Rwanda
Forward-looking policy priorities will focus on improving fiscal transparency, domestic revenue collection, interest rate-based monetary policy framework, improving and harmonizing statistical reporting which includes real statistics, budget preparation, external sector statistics, and promoting private investment. Rwanda is a high-intensity Technical Assistance (TA) recipient with a good track record for use of IMF technical assistance. The authorities’ proven commitment/ownership mitigates risks, and future success will require continued close coordination between the authorities, TA providers, and the AFR team. In the most recent fiscal year, TA was provided for:
Tax policy: An initial mission to estimate and assess tax expenditures and a model-building workshop took place.
Revenue administration: A mission to improve the Integrity of Taxpayer Register took place; assistance with the Revenue forecasting tool was provided.
Public Financial Management: The blueprint on the move to accrual accounting was reviewed, with recommendations on phasing, defining intermediate milestone, and a monitoring system; cash management and budget execution missions.
Government Finance Statistics: Compilation and dissemination of high frequency fiscal and debt data and moving to GFS-2014 format reporting.
Data standardization: To improve adherence to the data standards initiative, an e-GDDS mission took place.
Real sector statistics: Refinements were made to quarterly indicators and quarterly GDP estimates.
Money and FX Market Operations: Further measures to facilitate the development of the repo market.
Financial sector supervision and regulation: The central bank received training on risk-based supervision and formalizing its macroprudential policy framework and strengthening Basel II implementations and corporate governance as well as supervisory framework for forex bureau sectors.
Rwanda will begin implementing Forward-Looking TA Agendas into action to further develop the country's economical infrastructure.
Improve Transparency of Government Spending
Fiscal Transparence Evaluation; improving frequency and coverage of fiscal and debt data, implementing GFS-2014 formal fiscal data, and development of IPSAS accounting manual and providing IPSAS training
Improve domestic revenue mobilization through reducing and better targeting exemptions and improving revenue administration core functions
Follouw up TA on tax expenditures, reviewing the integrity of the taxpayer reigster, strengthening tax audi capacity of telecommunications sector, devloping a domestic taxes department headquarters function with its process flow and staff roles and responsibilites, as well as evaluation of revised property tax law.
Enable comprehensive, credible, and policy based budget preparation
Developing a roadmap for the implementation of performance based budgeting throughout the government sector
Enhance the effectiveness of monetary policy implementation
Training on Forecasting and Policy Analysis (FPAS)
Enhance financial sector supervision
Assisting in implementing a risk based supervision (RBS) including for insurance companies, adopiting IFRS, enhanscing RBS for MFIs and SACCos, and implementing Basel II/III
Establish an effective macroprudential policy framework and reofm and develop national payment system
Enhancing macroprudential oversight of non-bank insurance companies and pension firms, enhancing oversight policy framework, and oversight training.
So my friends built some algorithms for trend trading the Forex Market. I am going to be helping them now. They asked that I help with filtering by plotting all of the signals, and applying my own indicators to see if I can produce better results with less losses. I have read through all the indicators on tradingview indicator wiki and it seems like all the indicators are the same. Like RSI versus MFI they both just produce a line that you can look at and say oh there’s divergence it doesn’t seem like any indicator is really telling you that much. Any advice?
MFI Forex Indicator – Conclusions. As we have seen, the MFI indicator is a useful tool for gauging buying and selling pressure caused by the flow of money into and out of a particular market. A simple use of the indicator is to identify potential reversals at the times when oversold or overbought values are shown. Forex Money Flow Index MFI Indicator. Forex Money Flow Index MFI Indicator, which indicates the rate at which money is invested into a security and then withdrawn from it. Construction and interpretation of the indicator is similar to Relative Strength Index with the only difference that volume is important to MFI. MFI Indicator description. MFI indicator (fig. 1) – Market Facilitation Index is designed to estimate a price range for a certain period, depending on the volume of Forex trading for a certain time.. Here is its calculating formula: MFI = (High – Low)/Volume, where High is the maximal price for a certain period, and Low is the minimal price for a certain period, Volume is the trading volume. The MFI bar size shows price action similar to the volume indicator showing volume action. Compare this indicator with the volume indicator from the navigator menu in MT4. You will find that you can only get MFI green and pink bars in line with volume green bars. Also MFI blue and brown bars line up with red bars on the volume indicator. Money Flow Index - MFI: The money flow index (MFI) is a momentum indicator that measures the inflow and outflow of money into a security over a specific period of time. The MFI uses a stock's ...
The market facilitation index (MFI) is an indicator that measures the strength or weakness behind movements of the price of an asset. GO PRO via our Premium ... How to Enact MFI or Market Facilitation Index Strategy in Forex? - Duration: 3:35. ArrowPips Forex Signals 6,079 views. 3:35. CCI Indicator Strategy for Winning Trades - Duration: 11:35. Scan Stocks Using MFI (Money Flow Index) using StockEdge- In this video, we have explained you in detail about how to scan stocks using StockEdge App. The mo... http://www.forexstrategieswork.com/money-flow-index-indicator/ Money Flow Index Indicator For more trading videos like this. Please visit us on our website f... ForexMT4Indicators.com are a compilation of free download of forex strategies, forex systems, forex mt4 indicators, forex mt5 indicators, technical analysis and fundamental analysis in forex trading.
