Introducing the Budget 2020, Indian Finance Minister Nirmala Sitharaman had highlighted that during the financial year 2020-21, contribution of direct and indirect taxes towards government's receipts will remain 64 paise per rupee, borrowings and other liabilities will fetch 20 paise per rupee...
Paul R. Milgrom and Robert B. Wilson have been awarded the Nobel Prize in Economics in 2020. Both are Americans and professors of Stanford University. They won the Nobel Prize for designing mathematical models that promote improvements in the auction theory and for inventing new auction format...
In the run-up to Dussehra and Diwali, Nirmala Sitharaman, Finance Minister, Government of India, made big announcements to boost the economy and revive demand. The announcements ranged from LTC cash vouchers to central government employees, a festival advance of `10,000 and 50-year interest-fr...
The Reserve Bank of India (RBI) has further extended the opportunity to banks to avail funds under the Marginal Standing Facility (MSF) by dipping into the Statutory Liquidity Ratio (SLR) up to March 31, 2020. So, the banks according to the RBI press release on September 28, can avail up...
A few days ago, economist Abhijit Banerjee said that the Indian economy had been one of the worst performing in the world. One of the main factors behind that, according to him, was inadequate fiscal stimulation in the economy which has led to no growth on the demand side or on the purch...
It is clear that China is a hegemonic power which wants to dominate Asia in the near future and the world later on. If China succeeds in its programme, India will effectively lose its sovereignty and that is simply not acceptable to the Indian government and its people. India jointly with othe...
As the Indian economy limps back to normalcy following the gradual unlocking, international trade in several key sectors have displayed positive signs of turnaround. The monthly export trend indicates a steady growth after the unlocking of the economy began. After plunging to $10.36 billi...
The pandemic did not miss the hallowed precinct of the Indian judiciary. It brought normal activities across most courts to a complete halt. The apex court of the country, however, continued taking up important matters and Gajendra Sharma’s plea was no exception. Gajendra Sharma, ...
Krisnamurty Subramanian, the Chief Economic Advisor (CEA), India has recently stated that the downward economic trajectory would reverse shortly and hoped for a ‘V’ type recovery of the Indian economy. The opposition parties, particularly the Congress and the Left, are not taking the CEAâ€...
Despite a challenging operating environment, Srei has emerged as one of the few non-banking finance companies (NBFCs) that appears to have weathered the storm and steered ahead. The company recently secured international funding from Germany's KfW IPEX-Bank and demonstrated its ability to ...
