Company ProfileThe Indian Railways’ ticketing, catering and tourism needs are met by the Indian Railway Catering and Tourism Corporation (IRCTC), a public sector enterprise in India. It was previously entirely owned by the Indian government and ran under the administrative supervision of the Minis...
The National Statistical Office (NSO) recently announced that the GDP growth rate for the April-June quarter of the current fiscal year (FY) 2024 has reached an impressive 7.8%. This growth is commendable, especially in the context of global economic challenges. It also signifies a strong improvemen...
Contrary to Western calculations, recent anti-Russian economic sanctions have turned into yet another example of a major financial decision going disastrously wrong. The 7000-odd sanctions were intended to cripple Russia within days ---to ‘reduce the ruble t...
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...
