The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) at the end of its first bi-monthly meeting of the new fiscal year on April 5, 2018, took the decision to maintain its benchmark repo interest rate at 6%. This decision has been taken for the next two months. Consequently, the rev...
Around 65% of India’s population is composed of young people. The Indian economy has a large pool of educated and trained young people. But it is also an established fact that unemployment is growing in India and there is dissatisfaction among the youth. Dependence on agriculture is decreasing. Fr...
For about two weeks, the Union Finance Minister, Arun Jaitley, has been expressing his satisfaction over the turnaround of Indian economy. This has been the case, particularly after the Central Statistical Office’s (CSO) upward revision of the gross added value (GVA) and gross domestic produ...
IntroductionCurrency Demonetisation is an act of banning the existing denominated currencies which are in circulation. The purpose of demonetisation could vary from curbing inflation to eliminating counterfeit currencies from the economic system. On November 8, 2016, Indian Prime Minister Narendra M...
After winning the recent Gujarat and Himachal Pardesh elections, BJP, either directly or in coalition is steering 19 of India’s 29 states. However, looking at the setback that the party received in non-urban areas (particularly in Gujarat), it is likely that the focus will now shift towards the ru...
India’s advancement by 30 points to 100th in ease of doing business (EDB) rankings has been considered a good achievement by many. The lower the ranking the better is its position. A section of observers think that this will pave the way for higher investment in the economy. This is particularly i...
The Indian Finance Minister, Arun Jaitley, has recently claimed that resistance to economic reforms in India appears to be waning though there is no finishing line for tax reforms. This clearly shows that the government intends to streamline regulations and encourage more private investment th...
IntroductionThe recent release of data by the Central Statistical Office (CSO) on gross value added to the Indian economy poses a cause of concern. The CSO showed that the Indian economy grew 5.7% in the first quarter of 2017-18 financial year (FY), that is, in April-June. In the same period o...
The Goods and Services Tax (GST), which was implemented on July 1, has left major businesses in a snag due to the newly rolled out rules and regulations. Archit Gupta, Founder and CEO of ClearTax, spoke to BE’s Ankita Chakraborty on how his venture is aiding businesses to comply better with v...
RBI Governor Urjit Patel speaking on the Third Bi-Monthly Monetary Policy Statement 2017-18.The Reserve Bank of India (RBI) reduced the repo rate by 25 basis points or 0.25% on August 1. It was an expected move. The repo rate is the rate at which the commercial banks take short term loan from the RB...
