Prime Minister Narendra Modi while addressing the ‘India Ideas Summit’ organised by the US-India Business Council (USIBC) emphasised that India is an open economy with no shortage of opportunities and options. He also stated that this is the best time to invest in India. But this optimism contra...
In India, Micro Small and Medium Enterprises (MSMEs) were defined for the first time by the MSME Development Act of 2006. The two criteria for defining MSMEs were investment in plant and equipment for manufacturing and investment in equipment for services. Investments in land and building, cos...
Should India’s policy-makers celebrate the unprecedented rise in foreign exchange reserves in recent months or should they worry about finding gainful avenues to utilise the fund? The country's foreign exchange reserves swelled to an all-time high of $516.36 billion in the week to July 10 from $51...
Recently, the Indian President Ram Nath Kovind approved an ordinance by the Union cabinet that seeks to amend the Banking Regulation Act of 1949. The amendments are applicable to urban cooperative banks (UCBs) and seek to bring the UCBs under the supervision of the Reserve Bank of India (RBI)....
The Covid-19 pandemic has created devastation. According to the International Labour Organization's (ILO), over 2.5 crore jobs across the world would be vulnerable due to the spread of the virus. The ILO has described Covid-19 as the worst global crisis since the Second World War. A major chun...
Theoretically, retail prices of petrol and diesel in India are linked to global crude oil prices. This means that if crude oil prices fall globally, retail prices should come down too and vice versa. However, India has a peculiar oil price dynamics. When global oil prices go up, this burden is passe...
The tale of ‘Kisa Gotami and the Mustard Seeds’ from the Jataka stories goes like this. Gotami took the dead baby and pleaded to Buddha, “My Lord, I will do anything to bring my son back.” Buddha replied, “If that is the case, then I need you to find me something. Bring me a mustard ...
The US administration has now suspended the grant of H-1B and other related visas for rest of the year and it is important to understand its implications on the status quo prevailing in India.What is H-1B Visa?H-1B visa, highly popular among the Indian technology companies, is the visa which g...
The coronavirus pandemic has changed entire world and altered economy as we knew it. Nothing will be the same, even after the virus is gone. A global integrated world that was shaken up by a small bat in one city of the world, has even threatened the basic right to move freely. In such a situa...
The Confederation of Indian Traders (CAIT) representing around seven crore traders and 40000 trade associations, probably motivated by the Prime Minister’s ‘vocal for local’ coinage, has announced (on June 7, 2020) a national campaign to boycott Chinese products.CAIT started a drive titl...
