Recently, the Indian President Ram Nath Kovind approved an ordinance by the Union cabinet that seeks to amend the Banking Regulation Act of 1949. The amendments are applicable to urban cooperative banks (UCBs) and seek to bring the UCBs under the supervision of the Reserve Bank of India (RBI)....
The Covid-19 pandemic has created devastation. According to the International Labour Organization's (ILO), over 2.5 crore jobs across the world would be vulnerable due to the spread of the virus. The ILO has described Covid-19 as the worst global crisis since the Second World War. A major chun...
Theoretically, retail prices of petrol and diesel in India are linked to global crude oil prices. This means that if crude oil prices fall globally, retail prices should come down too and vice versa. However, India has a peculiar oil price dynamics. When global oil prices go up, this burden is passe...
The tale of ‘Kisa Gotami and the Mustard Seeds’ from the Jataka stories goes like this. Gotami took the dead baby and pleaded to Buddha, “My Lord, I will do anything to bring my son back.” Buddha replied, “If that is the case, then I need you to find me something. Bring me a mustard ...
The US administration has now suspended the grant of H-1B and other related visas for rest of the year and it is important to understand its implications on the status quo prevailing in India.What is H-1B Visa?H-1B visa, highly popular among the Indian technology companies, is the visa which g...
The coronavirus pandemic has changed entire world and altered economy as we knew it. Nothing will be the same, even after the virus is gone. A global integrated world that was shaken up by a small bat in one city of the world, has even threatened the basic right to move freely. In such a situa...
The Confederation of Indian Traders (CAIT) representing around seven crore traders and 40000 trade associations, probably motivated by the Prime Minister’s ‘vocal for local’ coinage, has announced (on June 7, 2020) a national campaign to boycott Chinese products.CAIT started a drive titl...
With world merchandise trade predicted to fall in the range of 13% - 31% in 2020 and foreign direct investment (FDI) expected to fall between 30% and 40% roughly, the government’s foreign direct investment policy choices will be one of the crucial factors of economic recovery. Background ...
Joseph Stiglitz, winner of the Nobel Prize, former Chief Economist of the World Bank, and Chairman of the Council of Economic Advisers under President Bill Clinton, has raised some fundamental questions about the standard textbooks of economics which are used not only in the US but in man...
Blended Finance is an approach being promoted by the United Nations Development Programme (UNDP) as a recovery strategy for the post-COVID phase. BE’s Ankit Singh spoke to Karanraj Chaudri, Advisor, SDG (Sustainable Development Goals) Finance, UNDP India.Q. What is blended finance and how doe...