Recently, we heard about the collapse of Silicon Valley Bank, Signature Bank, First Republic Bank and Silvergate Capital Corp in the US besides Credit Suisse in Switzerland. Neither this is the first instance of a banking crisis, nor is it that after this, more banks would not fail. In fact, immedia...
Data released by the National Statistical Office on February 28, 2022 highlighted that GDP growth in the Indian economy in Q3 of FY23 remained 4.4% which was less than Q2 (6.3%) and Q1 (13.5%) growth. For the full financial year 2022-23, the growth in GDP is estimated to be 7% which is significantly...
Leading newspapers have reported that the Narendra Modi government planned and dropped the introduction of the cryptocurrency bill in Parliament during the recently concluded winter session. Cryptocurrency and Official Digital Currency Rules Bill 2021 fundamentally aimed to limit the use of cryptocu...
After independence, our policymakers formulated such policies that could benefit the people of India. Many schemes got rolled out for the welfare of the people and funds were provisioned for them in the respective budgets. However, various studies have highlighted that due to corruption, mismanageme...
Buzz words like crypto, bitcoin, digital currency etc. have revolutionised the financial sector - but in the absence of knowledge either we ignore these words or do not discuss them at all. Besides, governments, financial institutions, broadcast media and financial experts also do not bring them int...
In a written reply to the Lok Sabha, Minister of State for Food Processing Industries Prahlad Singh Patel on 27th July this year said, Foreign Direct Investment (FDI) in food processing sector has declined 57% to $393.4 million (around Rs. 2926 crore) in 2020-21 as compared to $904.7 million i...
It is exactly after eight years that the Wholesale Price Inflation (WPI) has climbed to 7.39% in March 2021. Before this, in March 2013, WPI was recorded at 8.6%. Along with WPI, the all-India General Consumer Price Inflation (CPI) also increased to 5.52% in March 2021 vis-à-vis 5.03% in Febr...
A recent statement issued by the International Monetary Fund (IMF) highlighted that the debt burden on India’s central government as a proportion of gross domestic product (GDP) has increased from 74% in 2019 to 90% in 2021. At the same time, India is now appearing as one of the top bo...
On March 23, 2020 Prime Minister Narendra Modi declared the nation wise lockdown against Covid-19. However, India was not the only country to declare lockdown as many economies of the world had already done the same to counter the pandemic. In fact, by April 2020, almost half the world’s pop...
Even before India’s independence, leading industrialists of that era (JRD Tata, GD Birla, Lala Shri Ram, and John Mathai, etc.) declared in the ‘Bombay Plan’ of 1944 that post independence, only government investment would be encouraged to boost economic growth as well as for undertaking...
