 The term financial crisis is applied broadly to a variety of situations in which some financial institutions or assets suddenly lose a large part of their value .

 Banking crisis  Speculative bubbles and crashes International financial crisis Wider economic crisis   .

Leverage Uncertainty & herd behavior Fraud Regulatory failures Contagion Recessionary effects .

Gross Domestic Product Fiscal Deficit Cash Reserve Ratio Statutory Liquidity Ratio Repo Rate Reverse repo rate .

Liquidity Bailout Lender of last resort .

 The term "subprime" reflects not the lending rate but the borrower's credit status  It is a doubled edged sword with interest rate at one end & property price at the other end  Implications not only for the US but for the entire world  Effect of subprime crisis on Indian economy .

 A period of time in which several European countries faced the collapse of financial institutions  Market growth of Indian products and services were delayed  Unemployment in the lower income category like textiles  Europe is finding itself at the crossroads and there is only one way forward & that is reduction of deficits .

India must not take eurozone crisis lightly: Chief Economic Advisor Raghuram Rajan  Direct and indirect trade exposures  Interconnected banking debts  Investor confidence  Changes in government law Raghuram Rajan Chief Economic Advisor .


SEVEN GAME-CHANGERS: Insurance Law Amendment Bill Pension Fund Regulatory and Development Authority Bill Forward Contracts (Regulation) Amendment Bill Amendment to Companies Bill. 2011 Competition Act (Amendment) Bill International status to five airports Tripartite model for infrastructure debt funds .

Iranian rial dropped by over 40% Iran is in danger of a balance of payments crisis Prices of consumer goods have been rising steadily High subsidies and massive spending programmes Grand Ayatollah Ali Khamenei Supreme Leader of Iran .

Spain faced renewed pressure to take the politically humiliating step of seeking sovereign aid Consumer prices in Spain rose at their fastest pace in 16 months in September Greece & Spain should be given more time to cut Deficits .

indiatimes.wikipedia.wikipedia.com/Default/Scripting/ArticleWin.org/wiki/Subprime_mortgage_crisis  http://en.org/wiki/European_sovereign-debt_crisis  http://articles.28CRR.asp?From=Archive&Sourc e=Page&Skin=ETNEW&BaseHref=ETM/2012/10/12&PageLabel=19&EntityId=Ar0190 1&ViewMode=HTML .com/india/news/big-bang-reforms-get-bigger/488626/  http://mobilepaper.indiatimes.wikipedia.aspx?article=yes&pageid=22&sectid=edid= &edlabel=ETM&mydateHid=07-10-2012&pubname=Economic+Times++Mumbai&edname=&articleid=Ar02200&publabel=ET  http://epaper.org/wiki/Gross_domestic_product  http://en.7CCash_Res erve_Ratio_.economictimes.29  http://www.com/2012-08-23/news/33342453_1_eurozonecrisis-raghuram-rajan-indirect-trade-exposures  http://articles.economictimes.wikipedia.timesofindia.wikipedia.com/2012-10-05/news/34279593_1_fiscal-deficitgrim-picture-government-finances  http://www.wikipedia.org/wiki/Deficit  http://en.investopedia.org/wiki/Reserve_Bank_of_India#Reserve_requirement.com/mobile.com/terms/f/fiscaldeficit.org/wiki/Financial_crisis  http://en.timesofindia. http://en.business-standard.asp#axzz28v8pycRe  http://en.

Rohini Katke Neha Jha Deep Gala Nanda Golvankar Sharvari Durve Sushma Ghadge Vrushal Sangvekar Niveeta Meshram Ganesh Gite .