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 ...
The onset of the new financial year FY25, commencing on April 1, 2024, does not promise any relief from the economic challenges persisting since the previous fiscal year. In recent months, various banks and financial institutions in India, including Bank of Baroda, HDFC Bank, Kotak Mahindra Bank, Pa...
Economic indicators released by Chinese authorities, media outlets, and researchers suggest a recent downturn in China’s economic fundamentals. Declining prices, decreasing exports and imports, rising unemployment, and an unfolding crisis in the real estate sector are key concerns highlighted by b...
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...
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 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...
Economic Survey released on 31st January this year had projected that the GDP growth in 2022-23 will remain7% whereas for the year 2023-24, it is forecasted to be 6.5%. The estimates of receding growth in India are inline with such estimates revealed earlier by the IMF, World Bank, etc. The growth s...
India assumed G-20 Presidency at a juncture when the fear of pandemic is looming large, economic uncertainty is increasing and Ukraine got an additional $1.85 billion military assistance from the US. PM Modi while taking over the Presidency from Indonesia stated that the challenges of climate change...
