IntroductionIndia is witnessing a troubling trend where political leaders, from grassroots representatives to Prime Ministers and Chief Ministers, are distributing largesse to gain political mileage. These offerings, once limited to essentials like food grains and medical facilities, have now transf...
The recently concluded G20 Summit in New Delhi, themed “Vasudhaiva Kutumbakam” or “One Earth, One Family, One Future” with a focus on sustainable global development, saw the unanimous approval of the Delhi Declaration, encompassing 83 critical paragraphs. Key achievements included the formal...
Despite signs of decline, inflation continues to remain stubborn, surpassing the targeted rates set by central banks in the United States of America (USA), the United Kingdom (UK), the Eurozone (comprising 20 independent countries with a single currency), and India. In the USA, UK, and the Eurozone,...
Company ProfileThe Indian Railways’ ticketing, catering and tourism needs are met by the Indian Railway Catering and Tourism Corporation (IRCTC), a public sector enterprise in India. It was previously entirely owned by the Indian government and ran under the administrative supervision of the Minis...
The National Statistical Office (NSO) recently announced that the GDP growth rate for the April-June quarter of the current fiscal year (FY) 2024 has reached an impressive 7.8%. This growth is commendable, especially in the context of global economic challenges. It also signifies a strong improvemen...
Contrary to Western calculations, recent anti-Russian economic sanctions have turned into yet another example of a major financial decision going disastrously wrong. The 7000-odd sanctions were intended to cripple Russia within days ---to ‘reduce the ruble t...
The insurance sector holds significant importance in a modern economy and its development is assessed through two key indicators: insurance penetration and insurance density. Insurance penetration is the percentage of total insurance paid in a year relative to the GDP of that year, while insurance d...
The Reserve Bank of India (RBI) has taken significant strides this year by announcing the internationalization of the Indian rupee (INR). Internationalization implies widespread acceptance of the INR globally as a medium of exchange, allowing India to use INR for imports. This move by the RBI enable...
Company ProfileFounded in the year 1996, an Indian Small Finance Bank with its headquarters in Jaipur is called AU Small Finance Bank Limited. In 2017, it changed its name from AU Financiers (India) Ltd, a vehicle finance firm, to AU Small Finance Bank. AU Small Finance Bank provides financial servi...
Is the Indian economy doing well? During the last one year, at least three announcements have been made which assured that India’s economic progress remained highly satisfactory. Firstly, in September 2022, the International Monetary Fund (IMF)declared that India has now overtaken Britain to becom...
