April is the month when the International Monetary Fund (190-member countries) and the World Bank (189-member countries) undertake the first of the two biannual reviews of world economy, which are discussed at their meetings held in Washington. The next bi-annual meeting with the second review...
The Government of India, together with the Reserve Bank of India (RBI), had done a commendable job in alleviating the pain of the borrower community during and after the nationwide lockdown imposed to counter the COVID-19 pandemic. Thanks to their timely actions, a nascent recovery was visible in a ...
The second wave of the deadly epidemic in India has harshly distorted the economic condition. Considering the unsympathetic trauma placed by the pandemic on the economy, the Reserve Bank of India (RBI) has recently unpacked many measures to enhance the fund flow to the healthcare sector and is...
We are in the midst of a raging wave II of the pandemic and experts agree that the mutating virus is something that we will have to learn to live with and wishing away the ill effects of Covid-19 is not a solution. Whilst lives have to be saved and thankfully the whole country is now implement...
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...
BackgroundWith millions of people being vaccinated against COVID-19 every day, some political and business leaders are proposing that countries help restore normalcy by implementing a vaccine passport : an easily accessible and verifiable certification that an individual has been inoculated. M...
Indian banking sector is at a crossroad. And as crossroads are always fraught with the risk of a misjudgement of the oncoming traffic, it needs to be careful.Lets walk a year back and revisit the start of pandemic closure in March 2020. As the country went for a total lockdown on the fourth we...
The ‘Make in India’ initiative launched by the Hon’ble Prime Minister is a laudable objective but the reality is different. Indian manufacturing industry developed after Independence backed by high import tariffs which encouraged Indian companies to put up green-field factories in all se...
Finance Minister of India Nirmala Sitharaman thinks that the economic reforms only can ensure India’s sustainable economic growth momentum. She was speaking at Kolkata recently at a special session on Sustainable Growth Momentum During Covid Times, organized by Merchant Chamber of Commerce a...
The annual ‘Spring Meeting’ of International Monetary Fund (IMF) and World Bank has been organised and it focussed on vaccines, climate change, debt and recovery. David Malpass, President, World Bank at the start of the ‘Spring Meeting’ commented, “There is the good news that there i...