In the ongoing financial year (FY25), the financial challenges that have persisted for the past few years show no signs of abating. Recently, several prominent banks, financial institutions, and entities—such as Bank of Baroda, HDFC Bank, PayTM, IIFL, JM Financial, and Paisa Lo—have made he...
The Reserve Bank of India (RBI) recently introduced the Unified Lending Interface (ULI), a digital platform aimed at addressing the credit needs of various sectors, with a particular focus on agriculture and Micro, Small, and Medium Enterprises (MSMEs). Historically, these sectors have str...
The International Monetary Fund (IMF) estimates that the Indian economy will grow by 7% this year, a 0.2 percentage point increase from its earlier projection. This growth reflects “improved prospects of private consumption, particularly in rural areas,” aligning with the assessments of other ag...
During the 2024 Indian Lok Sabha elections, exit polls projected that the alliance led by Narendra Modi’s Bharatiya Janata Party (BJP) would increase its 303 seats in the 543-member lower house and likely secure a two-thirds majority, sufficient to initiate constitutional amendments. As a result, ...
IntroductionOn Wednesday, May 22, 2024, the Central Board of Directors of the Reserve Bank of India (RBI), in its 608th meeting, approved the transfer of ₹2,10,874 crore as surplus to the Central Government for the accounting year 2023-24. This windfall gain for the Central Government is more than...
India is facing a severe unemployment crisis at a crucial juncture when its economy is recognized as one of the fastest-growing globally. Immediate and innovative strategies are urgently needed to leverage the demographic dividend inclusively.The country faces a paradox where economic growth do...
Last month in mid-June, the world was taken by surprise, if not shocked, by the news splashed over the internet, but not in the mainstream media. It was about the “demise of the United States (US) dollar”. We are all prepared for the dangers of getting older and becoming more prone to age ...
Since the onset of Covid-19, there has been a noticeable surge in the distribution of unsecured and high-risk loans by both banks and non-bank financial companies (such as Bajaj Finance, IFCI Limited, LIC Housing Finance, Aditya Birla Finance, etc.) across India. These loans, primarily in the form o...
The basic issueThere has been a sharp reduction in the household net financial savings rate in 2022-23, leading to an overall decline in the financial savings rate. The savings rate refers to the amount of savings as a percentage of GDP, while household savings measure the change in financial assets...
Company ProfileA member of the Tata Group, Tata Consumer Products is an Indian Fast-Moving Consumer Goods company. Mumbai serves as the company’s corporate headquarters, while Kolkata serves as its registered office. It is a significant producer of coffee and the second-largest manufacturer and di...
