The Ministry of Corporate Affairs (MCA) has officially introduced the ‘Leniency Plus’ framework, marking a significant stride for the Competition Commission of India (CCI) in enhancing antitrust enforcement within the nation. With the implementation of this new system, the CCI gains the authorit...
IntroductionA Noteworthy Interim Budget PresentationOn February 1, the Union Finance Minister unveiled the fifth budget of Modi Government 2.0. Despite being an interim budget, the enthusiasm displayed by the ruling party MPs indicated its significance. Over the years, the gap between interim and fu...
The interest rate setting committee known as Monetary Policy Committee (MPC) comprising six members (with three official and three independent, external members) and chaired by Governor, Reserve Bank of India (RBI) held its last of the six bimonthly meetings for the FY 2023-24 on 6-8 February. The p...
Paytm Payments Bank Limited (PPBL) faced regulatory action on January 31, as the Reserve Bank of India (RBI) mandated a halt to onboarding new customers after February 29, 2024. Additionally, PPBL was instructed to cease accepting deposits, credit transactions, and top-ups for road tolls beyond the ...
The global financial crisis that unfolded between 2007 and 2009 did not only impact the financial sector but also extended its reach to banks worldwide. Stemming from the rupture of the housing bubble in the United States, the crisis swiftly proliferated across the globe. Following the terrorist att...
The Ministry of Finance of the Government of India recently released a document titled ‘The Indian Economy—A Review’ on January 29, representing a distinct departure from the traditional Economic Survey presented before the Annual Budget proposal. While this year lacks a full budget due t...
International Monetary Fund (IMF), under its Article IV of the Articles of Agreement, signed in 1944 by the original 29 member countries as well more by later, (now grown to 190) sends its staff, to its member countries for a three-week visit annually for major economies, which contribute a sizeable...
A review of data released by the Government of India in November and December prompts a reassessment of India’s economic trajectory. Despite positive indicators suggesting a robust growth rate of 7.6% in Q2FY24, revised projections of 7% growth for 2023-24, controlled inflation, and a flourishing ...
With a population of 1.4 billion, India’s GDP is projected to expand significantly, placing it as the fifth largest economy globally. Goldman Sachs Research predicts a 6.3% growth in 2024, driven by macro-economic resilience and reduced vulnerability to external shocks compared to peers in the Asi...
The November 16 diktat from RBI on regulatory measures towards consumer credit and bank credit to NBFCs is expected rein in the credit binge that is currently observed in the unsecured personal loan space. This will not only up the cost of consumer loans in the country as the risk weightage, a multi...
