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...
With world merchandise trade predicted to fall in the range of 13% - 31% in 2020 and foreign direct investment (FDI) expected to fall between 30% and 40% roughly, the government’s foreign direct investment policy choices will be one of the crucial factors of economic recovery. Background ...
Joseph Stiglitz, winner of the Nobel Prize, former Chief Economist of the World Bank, and Chairman of the Council of Economic Advisers under President Bill Clinton, has raised some fundamental questions about the standard textbooks of economics which are used not only in the US but in man...
Blended Finance is an approach being promoted by the United Nations Development Programme (UNDP) as a recovery strategy for the post-COVID phase. BE’s Ankit Singh spoke to Karanraj Chaudri, Advisor, SDG (Sustainable Development Goals) Finance, UNDP India.Q. What is blended finance and how doe...
After almost two months of severe lockdown, calls for lifting it are growing louder as economic costs are pile up while Covid-19 cases show no signs of reducing.India can’t afford an extended lockdownThe government has started relaxing lockdown rules for selected economic sectors like automation, ...
Many economists think that the Indian economy has entered into liquidity trap situation. The idea of liquidity trap is a concept. This was observed in the early 1930s in many Western countries particularly in the USA during the period of Great Depression. What is the idea of liquidity trap?The idea ...
