Beating the projections of all sorts, India’s GDP growth rate stood at 6.1 per cent in the fourth quarter of the financial year 2022-23 and this has pushed up the overall annual growth rate of the Indian Economy to 7.2 per cent. The Indian economy has once again retained its position as the fastest growing […]
Continue ReadingAs early as October 2022, there were talks about how consistently the US dollar had been gaining strength over a period of 11 years even as the global economy reeled out of the Global recessionary phase (2007-09) and also faced the challenges posed by the Pandemic phase (2020-2021) making this the longest US dollar strengthening […]
Continue ReadingAccording to the International Monetary Fund (IMF), the outlook continues to be uncertain in view of the financial sector turmoil, high inflation, ongoing effects of Russia’s invasion of Ukraine, and three years of COVID which have now become sort of perennial issues with little hope about their settling down to the normal levels in any […]
Continue ReadingRecently the Securities Exchange Board of India Board has decided to amend the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 to facilitate more comprehensive and timely disclosure by the Listed entities. SEBI also decided to bring about some changes in the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, in order to increase transparency and streamlining certain issue […]
Continue ReadingRecently the Ministry of Commerce and Industry launched India’s Foreign Trade Policy applicable with effect from April 1, 2023 without having a sun-set clause. The previous Foreign Trade Policy was declared in the year 2015 with a fixed tenure. Therefore, the policy changes were being undertaken largely through notifications without announcement of a new FTP […]
Continue ReadingThe collapse of Silicon Valley Bank in the United States triggered a panic not only in its home country’s financial system but also in several other countries where many bank stocks had to bear the burnt as their shares plunged to lower levels. Last Thursday, the investors and depositors tried to withdraw a whopping $ […]
Continue ReadingAccording to the official data released by the Ministry of Commerce and Industry, the annual rate of inflation based on all India Wholesale Price Index (WPI) is provisionally estimated to be 4.73 per cent in the month of January 2023 as compared to February 2022 (year on year basis). It was lower than 4.95 per […]
Continue ReadingThe Reserve Bank of India has increased the repo rate by 25 basis points in its Monetary Policy, February, 2023. As the repo rate has increased from erstwhile 6.25 per cent to 6.50 per cent, the standing deposit facility (SDF) rate has correspondingly been adjusted to 6.25 per cent and the marginal standing facility (MSF) […]
Continue ReadingThe Union Budget is being hailed as a budget that ticks all boxes of growth and welfare while still keeping the fiscal deficit as low as 5.9 per cent of the Gross Domestic Product (GDP). It has been prepared with a vision to make India a super power in the Amrit Kaal. It is indicative […]
Continue ReadingAccording to the Finance Minister of India, the Union Budget builds on the foundations laid in the previous budget and presents a blueprint of what India should be in the 100th year of its independence. The objective is to make the fruits of development reach all regions and citizens. This goal is set in the […]
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