Recently 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 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 […]
Continue ReadingAccording to the recently released Economic Survey, the Indian economy has been able to sustain severe external shocks such as Covid19 syndrome, Russia-Ukraine war and policy induced inflation that posed severe challenges to the global economy in the financial year 2022-23 as is reflected through its performance indices. India became the world’s fifth largest economy, measured in […]
Continue ReadingRecently, the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation released the First Advance Estimates (FAE) of National Income for the financial year 2022-23 at both Constant (2011-12) and Current Prices along with the corresponding estimates of expenditure components of the Gross Domestic Product (GDP). The First Advance Estimates of GDP, were introduced […]
Continue ReadingThe Financial Stability Report, December 2022 released by the Reserve Bank of India presents a very detailed account of the kind of challenges the Indian economy is faced with on account of the current global scenario of continued war in Europe and retaliatory sanctions and the resurgence of the Covid 19 pandemic syndrome with new […]
Continue ReadingIn its Monetary Policy Statement dated December 7, 2022, The Reserve Bank of India (RBI) has increased the policy repo rate under the liquidity adjustment facility (LAF) by 35 basis points from existing 5.90 percent to 6.25 percent. ‘’Policy Rate” means the rate for repo-transactions as specified under sub-section (12AB) of section 17 of the […]
Continue ReadingThe Monetary Policy Committee (MPC) of the Reserve Bank of India has decided to further increase the policy repo rate under the liquidity adjustment facility (LAF) by 50 basis points. As a result, the repo rate has increased from 5.40 per cent in the last Monetary Policy instance to 5.90 per cent now. Accordingly, the […]
Continue ReadingRecently the government raised concern about the possibility of twin deficit problem emerging in Indian economy. A twin deficit problem occurs when there is a simultaneous increase in both the fiscal deficit and the current account deficit due to factors that cause these deficits to widen as a side effect of one or the other. […]
Continue ReadingNormally the Reserve Bank of India declares its Monetary policy every two months. Last policy was announced on April 8. 2022. However, this time it has not waited till the scheduled meeting of the Monetary Policy Committee to be held in June and so everyone was surprised as to how come a revision in the […]
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