After the bold move of demonetization in 2016, the Reserve Bank of India has surprised the nation once again by withdrawing its largest denomination currency notes from circulation on May 19, 2023. However, the 2000 rupee notes will continue to be a valid tender, but holders will be required to depo...
IntroductionIndia’s rapid economic growth has brought forth a range of environmental and social challenges that necessitate a re-evaluation of business practices. In this context, the adoption of sustainable strategies by Indian companies becomes crucial not only for mitigating environmental risks...
The matter so farThe latest State of World Population Report 2023 was released a few days ago by the United Nations. In the report, it is stated that India will become the most populous country of the world by mid-2023. It will surpass China’s 142.5 crore by more than three million. How has the es...
Recently, we heard about the collapse of Silicon Valley Bank, Signature Bank, First Republic Bank and Silvergate Capital Corp in the US besides Credit Suisse in Switzerland. Neither this is the first instance of a banking crisis, nor is it that after this, more banks would not fail. In fact, immedia...
The second fortnight of March witnessed four notable bank failures: Two of them were in USA with Silicon Valley Bank (SVB) starting the scare a week earlier in regard to the value of bonds held as assets. The Ides of March confirmed its failure as there were heavy withdrawals. The assets held ...
The 2022-23 fiscal has just ended. One must wait for about two months to have reliable data on the various aspects of the performance of the economy. Some organisations will analyse the economic performance of FY23 based on their own high speed data sources. But before having NSS information on FY 2...
Punjab’s Finance Minister Harpal Cheema presented his first full budget on March 10, 2023. After forming the government in March 2022, Aam Aadmi Party (AAP) presented the ‘Vote on Account’ budget and then in June 2022 presented its full budget for the rest of the financial year (2022–23). Bu...
Company ProfileNTPC Ltd, formerly known as National Thermal Power Corporation Limited, is a central public sector enterprise in India that is owned by the Indian Ministry of Power and is involved in the production of electricity and related operations. It was established in 1975. New Delhi serves as...
Amid the onslaught of Covid-19 and the Russia-Ukraine war, commoners are reeling under threatening economic conditions. Much was being expected from the Budget 2023. It was expected that it will try to provide respite from the tough economic conditions. However, this Amritkal budget seems to have se...
The Economic Survey is presented in both the houses of parliament every year one day before the presentation of the Annual Budget. The survey provides information about the state of the economy with the help of several economic indicators. It also forecasts economic activity for the coming year or y...
