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The value of the Indian rupee decreased further in relation to the US dollar, falling to 79.38 on July 5 as worries about a growing current account deficit gained traction. According to official figures released on July 4, the nation’s merchandise trade imbalance increased to $25.6 billion in June 2022, up 62 percent from June […]
The rupee fell to a new record low against the dollar on Wednesday as concerns about a global recession reemerged. This happened just two days after a member of the US Federal Reserve downplayed the chance of a severe and imminent economic downturn in the world’s largest economy. According to market sources, the Reserve Bank […]
Economist Kaushik Basu has pointed out two key factors that would be crucial for a country like India to emerge as an economic power. He says that first and foremost is to focus on developing creative education and health sectors, while the second is to move away from hyper-nationalism. The former Chief Economist of the […]
After a review of the ‘status of human resources in all departments and ministries’, Prime Minister Narendra Modi’s office tweeted that the government will undertake the recruitment of 10 lakh people in mission mode, in the next 1.5 years. Massive Employment at this point? What could be the cause? The government has been slow on […]
Chief Economic Adviser (CEA) V. Anantha Nageswaran today said that India is on its way to becoming a US $5 trillion economy by 2026-27 and might even reach $10 trillion by the end of the next ten years. He insisted that with India currently at $3.3 trillion, achieving $5 trillion will not be a difficult […]
In the June MPC meeting, the Reserve Bank of India (RBI) raised the policy repo rate by 0.5 percent, or 50 basis points. Previously, the first meeting of the Monetary Policy Committee (MPC) for the fiscal year 2022-23, held in April 2022, had kept the policy repo rate at 4%. RBI’s surprise repo rate hike […]
Grocery bills for an average middle class or even upper middle-class family has seen a huge rise. What could be amassed for a Rs 3,000 departmental store jaunt, now touches the Rs 5,000 range. Surprising, however, is that it does not last that long. Despite all prudence, bordering even on a skimpy use of say […]
Supply chain company Delhivery has fixed a price band of ₹462-487 a share for its ₹5,235-crore initial public offering (IPO), which will open for subscription on May 11. Addressing an online press conference on Thursday, Delhivery’s Chief Business Officer Sandip Basaria said that the company is well positioned to gain from current economic trends. “The […]
In a surprise press conference held on Wednesday, Reserve Bank of India’s Governor, Shaktikanta Das, announced the increase of RBI’s repo rate. The RBI Monetary Policy Committee hiked the repo rate by 40 basis points. The change implies that the current repo rate is 0.4 percent. During the press meeting, Governor Shaktikanta Das mentioned the […]
India’s premier management institute, IIM-Ahmedabad, in collaboration with Insolvency and Bankruptcy Board of India (IBBI) jointly hosted the first-ever International conference on insolvency and bankruptcy, Saturday. The event served as an inaugural session to the two-day meet at the IIM(A) campus. The conference will have over 40 scholars of economics, law, finance, banking and management […]
