The United States (US), the world’s largest economy, with an annual output of $ 23 trillionand a per capita income of $ 62,000 and India, an emerging market economy (EME) with theannual output of $3.12 trillion and per capita income of $1961 finally seemed to have metwith some measure of success i...
Any annual Budget that the government presents, generally at the end of the financial year, isa record of the government’s estimated or projected incomes and expenditures for the comingfinancial year. The nature of the Budget may vary according to the needs of the economy. Atpresent the Indian eco...
In 2022, the Indian economy faced a lot of headwinds which had originated from internal and external sources. The year started with the threat of the Omicron variant. But it subsided within a few weeks. Russia’s invasion of Ukraine also affected the Indian economy. Later, continuing high inflation...
“The worst bankrupt in the world is the man who has lost his enthusiasm. Let a man lose everything else in the world but his enthusiasm and he will come through again to success” says H W Arnold, a lieutenant general in the US army during World War II. And if his immediate reference was the army...
Price inflation in the Indian economy has been persisting by more than 6% - the upper tolerance limit of RBI - for 10 months in a row. It is mandatory for the RBI to answer India’s government if the inflation remains 6% or more for more than two quarters sequentially. After the Monetary Policy Com...
November 1 witnessed India’s central bank launching the digital currency (Rupee) in the wholesale segment. In simple terms, the use of Rupee in electronic form instead of its physical form is termed as Digital Rupee. For experimentation purpose, only nine banks – Bank of Baroda, State Bank of In...
The gold market is seeing constant profits as prices are constantly increasing for the yellow metal. Following clear global indications, this month gold prices rose in Indian markets to a nine-month high. Silver prices increased by 1% to reach `66,570 per kg on the MCX while gold futures increased b...
After two years, Diwali and Dhanteras in India got a chance to be celebrated with traditional fervor. There were almost no Covid restrictions and people were flocking to the markets. The government also permitted the usage of eco-friendly crackers. However, the customary Diwali euphoria got so...
The world is witnessing a strange contest between central banks: which will be the first one to raise its policy interest rate further to a next high; and by how many basis points more? Having missed the bus, the monetary authorities now feel so desperate that they have to stop the ...
This year's Nobel Prize in economics goes to three American economists, Ben S Bernanke, Douglas W Diamond and Philip H Dybvig for significantly improving “our understanding of the role of banks in the economy, particularly during the financial crisis.” The Royal Swedish Academy of Sciences repor...