Covid19 has spread fast. It has crippled lives of millions of people and consequently hurt economies of several nations in a span of a couple of months. It has not even spared the nations which are known to have the state of art health facilities or infrastructure. Many people have lost their lives. And many […]
Continue ReadingThe global economy is projected to contract by 3 percent in the year 2020 much worse than during the 2008-09 financial crisis. The COVID-19 pandemic is inflicting high human costs worldwide. As there are no proven medicines or vaccines to contain this pandemic, various countries had to resort to social distancing and the complete lock-down […]
Continue ReadingThe Reserve Bank of India (RBI) has announced the Targeted Long – Term Repo Operations (TLTRO2.0) ] in order to create conducive conditions for the functioning of financial institutions and markets. These measures attempt to ease out liquidity constraints and/or hindrances to market access faced by the sectors and entities adversely affected due to the […]
Continue ReadingWhen the level of economic activity is subdued in a country, the fiscal measures often prove more effective than the monetary policy instruments, but if both are used together, with a common objective of promoting growth or containing slowdown, it may give far better outcomes. Corona Virus has hit the world hard. Millions of people […]
Continue ReadingIn an exceptional move, the Reserve Bank of India has announced bold measures to heal the ailing Indian economy currently infected due to unprecedented corona virus. In its seventh Bi-monthly Monetary Policy Statement, 2019-20, the RBI has reduced its policy repo rate by a massive 75 basis points to 4.40 percent and the reverse repo […]
Continue ReadingThe Corona pandemic has now spread from an industrial town Wuhan in China to 198 countries and the number of cases is increasing day by day. According to media reports, over 460,000 cases have now been reported and about 23000 people have lost their lives due to this virus across the globe. This is […]
Continue ReadingThe number of new corona virus cases may have reduced drastically in China where the infection reportedly started first but apparently in many other countries of the world not only new cases are being reported but their number is growing up every passing day. The virus has posed severe threat not only to the human […]
Continue ReadingThe Central Government has imposed moratorium on the YES Bank with effect from March 5, 2020 upon a recommendation of the Reserve Bank of India. Since then, the Central Bank has placed a withdrawal cap of Rs. 50,000 for the bewildered depositors subject to some need-based exceptions and has superseded its Board of Directors. Many […]
Continue ReadingThe coronavirus is not simply a disease that needs a cure, it is not even only an infection that needs to be contained, but also a fear that haunts and a possibility that it can affect humans, animals and economies, virtually anything that humans live with or deal with. And so coronavirus is not a […]
Continue ReadingIn India, the wholesale price index (WPI) is the main measure of inflation. The WPI measures the price of a representative basket of wholesale goods classified into three categories, namely, Primary Articles (Weight 22.62%), Fuel & Power (Weight 13.15%) and Manufactured Products (Weight 64.23%). According to the data released by the Ministry of Commerce and […]
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