The International Monetary Fund (IMF) released its first bi-annual report on World Economic Outlook (WEO) in mid April, 2018. The WEO is issued usually ahead of the routine Spring IMF and World Bank meetings in Washington D.C, where world leaders, finance ministers and non-governmental organisations...
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) at the end of its first bi-monthly meeting of the new fiscal year on April 5, 2018, took the decision to maintain its benchmark repo interest rate at 6%. This decision has been taken for the next two months. Consequently, the rev...
It started with the first shot in the trade war fired by the US President Donald Trump. It was not unexpected, as he fought his presidential election campaign promising action against “unfair trade practices” and “manipulative exchange rate” polices of China and vowed to protect American job...
Cheery news always tends to get dwarfed by depressing news. That is the news world’s counterpart of Gresham’s Law in economics: bad money drives out good money! The news on the economic health released on February 27 gladdened the policy makers and the public alike. The economy recor...
The 2018-19 Budget, presented to Parliament on January 31 will be debated and put to the vote before the new fiscal year beginning from April 1. Meanwhile, Reserve Bank of India (RBI)’s Monetary Policy Committee (MPC) held its sixth bi-monthly meeting on Feb 6-7 and decided upon the benchmark inte...
Different market reactions, yet strangely enough, they produced the same result. That happened early this month in the stock markets of two countries. One in the most advanced country with the largest GDP of $ 19.4 trillion and another in an emerging economy, the seventh largest now, pred...