Punjab remained one of the major beneficiaries of the green revolution. Later, the state turned out to be a role model for other states and provinces in portraying how agriculture can be used as a medium for fast development. However, too much dependence on agriculture (for long) as a driver of grow...
The volume of exports plays a pivotal role in the GDP of any economy. India, as one of the fastest-growing major economies globally, anticipates surpassing Japan to become the third-largest economy in the coming years. Historically, vibrant export sectors have been fundamental to the prosperity of s...
The first of the six bimonthly meetings for FY 2024-25 of the Monetary Policy Committee, which sets the policy interest rate (MPC) of Reserve Bank of India (RBI) valid for two months (April and May) is scheduled to be held on April 3-5.The current policy interest rate (known as REPO) is the int...
The Ministry of Corporate Affairs (MCA) has officially introduced the ‘Leniency Plus’ framework, marking a significant stride for the Competition Commission of India (CCI) in enhancing antitrust enforcement within the nation. With the implementation of this new system, the CCI gains the authorit...
IntroductionA Noteworthy Interim Budget PresentationOn February 1, the Union Finance Minister unveiled the fifth budget of Modi Government 2.0. Despite being an interim budget, the enthusiasm displayed by the ruling party MPs indicated its significance. Over the years, the gap between interim and fu...
The interest rate setting committee known as Monetary Policy Committee (MPC) comprising six members (with three official and three independent, external members) and chaired by Governor, Reserve Bank of India (RBI) held its last of the six bimonthly meetings for the FY 2023-24 on 6-8 February. The p...
Paytm Payments Bank Limited (PPBL) faced regulatory action on January 31, as the Reserve Bank of India (RBI) mandated a halt to onboarding new customers after February 29, 2024. Additionally, PPBL was instructed to cease accepting deposits, credit transactions, and top-ups for road tolls beyond the ...
The global financial crisis that unfolded between 2007 and 2009 did not only impact the financial sector but also extended its reach to banks worldwide. Stemming from the rupture of the housing bubble in the United States, the crisis swiftly proliferated across the globe. Following the terrorist att...
The Ministry of Finance of the Government of India recently released a document titled ‘The Indian Economy—A Review’ on January 29, representing a distinct departure from the traditional Economic Survey presented before the Annual Budget proposal. While this year lacks a full budget due t...
International Monetary Fund (IMF), under its Article IV of the Articles of Agreement, signed in 1944 by the original 29 member countries as well more by later, (now grown to 190) sends its staff, to its member countries for a three-week visit annually for major economies, which contribute a sizeable...