The insurance sector holds significant importance in a modern economy and its development is assessed through two key indicators: insurance penetration and insurance density. Insurance penetration is the percentage of total insurance paid in a year relative to the GDP of that year, while insurance d...
The Reserve Bank of India (RBI) has taken significant strides this year by announcing the internationalization of the Indian rupee (INR). Internationalization implies widespread acceptance of the INR globally as a medium of exchange, allowing India to use INR for imports. This move by the RBI enable...
Company ProfileFounded in the year 1996, an Indian Small Finance Bank with its headquarters in Jaipur is called AU Small Finance Bank Limited. In 2017, it changed its name from AU Financiers (India) Ltd, a vehicle finance firm, to AU Small Finance Bank. AU Small Finance Bank provides financial servi...
Is the Indian economy doing well? During the last one year, at least three announcements have been made which assured that India’s economic progress remained highly satisfactory. Firstly, in September 2022, the International Monetary Fund (IMF)declared that India has now overtaken Britain to becom...
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...
