The Federal Open Market Committee (FOMC) recently maintained interest rates at 4.25%-4.50%, reflecting a cautious approach amid economic uncertainty. This decision comes as core inflation remains elevated at 2.8%, well above the Fed’s 2% target, and GDP growth expectations are revised downward to ...
On February 1, 2025, Finance Minister Nirmala Sitharaman presented the Union Budget 2025, marking her eighth budget presentation. This budget outlined key strategies for taxation, government expenditure, and economic growth for the fiscal year 2025-26 amidst significant economic challenges. Despite ...
India's GDP growth rate forecast for FY25 has recently been revised downwards by several institutions, reflecting a broader economic slowdown. Various challenges, both domestic and global, have contributed to this downshift, including reduced corporate profitability, public capital expenditure const...
The past few months have presented a mixed outlook for India’s economy. On the positive side, the country saw record-high remittances, substantial increases in direct tax collections, significant growth in the alternative assets market, and a reduction in the fiscal deficit compared to the previou...
One of the key economic factors contributing to the Democrats’ loss in the US elections was the significant rise in inflation, which was initially triggered by the COVID-19 pandemic and exacerbated by the Russia-Ukraine war. The role of inflation in electoral outcomes is not a new phenomenon; infl...
The conclusion of World War II in 1945 marked the dawn of a new global order, with the United States emerging as a dominant power and the US dollar as the global reserve currency. Bank of America, which had risen to prominence during these years, continues to serve over 68 million customers worldwid...
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...
Budget 2024 drew significant anticipation from various segments of society—state governments, corporations, banks, employees, economists, and farmers—eager to discern the priorities of PM Modi’s coalition government. This interest was driven by two key factors: first, after nearly60 years...
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...
Japan’s economic crisis, ongoing for nearly four decades, continues to deteriorate with no clear end in sight. The more efforts are made to pull the economy out of recession, the deeper it plunges. Between April 26 and 28 this year, the Japanese yen experienced a sharp decline, reaching a 34-year ...
