India’s central bank has to deal with challenges on multiple fronts.One is domestic inflation; another is falling value of the Indian rupee relative to US dollar; volatility in the global price of crude oil; outflow of capital, partly reflecting political uncertainties and the resultant decline in...
Unemployment is a major hurdle in India’s growth path. Reducing unemployment was an announced goal of the incumbent NDA government as it came to power. As per the Economic Survey (2015-16), the rate of unemployment has increased from 3.8% in 2011-12 to 5% in 2015-16. Only 6, 41,000 jobs were creat...
The present acting Finance Minister (FM) of India Piyush Goyal has recently expressed his ambitious target for the performance of the Indian economy. He thinks that the GDP growth of India will enter double digit figures in the coming four quarters. This achievement, according to him, will be driven...
The high prices of petrol and diesel have reached unprecedented levels since the first quarter of 2015-16. The price of petrol has climbed to a record high of Rs. 86.24 per litre on May 29 in Mumbai and diesel has increased to a price of Rs.73.79 per litre which the highest in ...
The Fifa World Cup 2018 has arrived with much fanfare. It is one of the greatest sporting extravaganzas and the world is likely to be glued to this tournament. As Russia is hosting the football world cup this time round, it is an excellent opportunity for the Russian President Vladimir Putin t...
Leaving behind the uncertainty following large scale layoffs, India’s IT sector is slowly recovering its lost ground. The National Association of Software and Solutions Companies (Nasscom) has projected a revenue growth of 7-9% for the IT and BPO industry in 2018-19 notwithstanding global uncertai...
Business leaders, investors and consumers from all sections of the community are anxiously awaiting the decision of the Monetary Policy Committee of Reserve Bank of India (RBI) which meets for three days: June 4 to June 6. The decision on the new interest rate would also indicate the fresh monetary ...
Punjab National Bank (PNB), India’s second-biggest state-run lender, stunned the country’s financial sector when it announced a fraud worth Rs. 11,400 crore ($1.8 billion) and implicated designer jeweller Nirav Modi of the Gitan-jali Group, along with Ami Modi, Nishal Modi and Mehul Choksi....
If the present government’s biggest structural reform – implementation of Goods and Services Tax – has not yet delivered to its potential; the second big reform in the form of Insolvency and Bankruptcy Code (IBC) has shown visible effect on the financial life of the economy. It has brought sig...
Cryptocurrency is a digital asset designed to work as a medium of exchange. It has been a growing matter of discussion among a section of people as there has been an opportunity of financial gain by trading it and using it as a medium of exchange around the world. National and international media ha...
