The Covid-19 pandeic has adversely impacted the Indian economy. Shaunak Roy, Assistant Professor, Department of Management and Commerce St. Xavier’s College (Autonomous), Kolkata informed BE, “While less than 25% of India’s $2.8 trillion economy remains functional at the present, India is pegg...
Finance Minister Nirmala Sitharaman on March 24 announced a number of measures for the extension of statutory and regulatory compliances during the coronavirus outbreak in India. We have listed some of the important provisions.Financial servicesThe debit card holders can withdraw cash from...
According to the Confederation of the Indian Industries (CII), in FY21, India’s GDP growth could fall below 5% in the absence of an immediate policy action. The outbreak of the coronavirus that has brought Indian industries to a standstill is a major reason for this fall. Already the demand ...
Economic reforms are vital for the development any country. These economic reforms often take the form of policy reforms in areas of finance, taxation, and industry. India is a developing country and faces new challenges. In recent years, India has experienced many significant economic reforms...
The Supreme Court (SC) of India on March 4, 2020, struck down the restrictions imposed on Indian banks by the Reserve Bank of India (RBI) that said that the banks should not facilitate or engage in any transactions in Bitcoin or in any other type of cryptocurrency. The RBI had brought in a circular ...
At a recent press conference, the Indian Finance Minister Nirmala Sitharaman told that depositors of Yes Bank need not be apprehensive as their money is safe in the bank. She also added that the Reserve Bank of India (RBI) had been continuously monitoring the transactions made by the bank since 2017...
Professor Amit Bhaduri was educated in Presidency College and Calcutta University, MIT, USA and Cambridge University. He is a critique of mainstream neo-classical economic theory. He is also an activist and strong critique of corporate led economic growth and ‘development terrorismʼ.He recently g...
Company BackgroundSecurity & Intelligence Services India Ltd (SISL) was incorporated in 1985 and is presently a market leader in Security Services Company in India and Australia with leadership position in Facility Management & Cash Logistics Solutions. SISL ranks amongst the top 10 Se...
Srei Equipment Finance Limited, a wholly-owned sub-sidiary of Srei Infrastructure Finance Limited and UCO Bank, one of Indiaʼs premier public sector banks, announced a strategic alliance to offer joint loans for the purchase of construction and mining, farm and medical equipment under a co-lending ...
On February 6, 2020, Prime Minister Narendra Modi stated in the Indian parliament that India’s economic fundamentals are strong. A similar sentiment was expressed by Finance Minister Nirmala Sitharaman while presenting Budget 2020.A large number of economists and observers have been pointing out t...