As I pen this article, the news of the US dollar rising to` 82.24 by approximately 32 paise from ` 81.92 dominates the late evening headlines of July 28. The depreciation of the Indian rupee is attributed to outflows of hot money seeking higher returns in the world’s safest haven. This was trigger...
The internet economy in India has experienced remarkable growth in recent years, transforming numerousindustries and opening new avenues for consumers and businesses alike. As the world’s second-largest internet market, India offers a vast array of business and investment opportunities. However, t...
On May 19, 2023, the Reserve Bank of India (RBI) announced the phased withdrawal of the ₹2000 currency note starting from September 2023. It was specified that after May 23, 2023, the ₹2000 notes could only be exchanged in banks. The RBI clarified that while the ₹2000 note would remain valid i...
Now each central bank seems to act on its own. They do not seem to consider inflation as a common enemy anymore, unlike what they did when inflation rose to ravage the global economy from second half of 2021, but now seen receding. The United States Federal Reserve (the Fed), whose inflation t...
India is projected to experience a growth rate of 6.5 to 7% until 2030, even without the need for further reforms, according to the Chief Economic Advisor (CEA). Des-pite facing various challenges such as the Russia-Ukraine war, global economic slowdown, high inflation, heatwaves, and unfavourable w...
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 ...
