The Government has outlined the details of the electoral bond scheme. The concept of the electoral bond was first mentioned in the budget speech for the year 2017-18 delivered on 1st February 2017 by Finance Minister Arun Jaitley. The scheme was Read more…


The Finance Minister Arun Jaitley will present the Union Budget for the year 2018-19 on 1st February 2018. This post explains the union budget of India and how it is prepared. What is Union Budget of India? The Union Budget Read more…


The biggest challenge facing Indian economy is to provide employment to the youth. And the rigid labour regulations in India act as a deterrent to employment generation. As per the World Bank, India’s labour laws are among the most restrictive Read more…


Before we usher in the new year, let’s take a look back at the important events that shaped the Indian economy in 2017. 1. The Goods and Services Tax (GST) was finally implemented on 1st July 2017. GST is the biggest Read more…


The international monetary system refers to the system and rules that govern the use and exchange of money around the world and between countries. There have been four stages in the international monetary system: Gold Standard (1875-1914) Inter-war period (1915-1944) Bretton Read more…


India’s services sector contracted in November as per the Purchasing Managers’ Index India survey. As per the same survey, the Manufacturing sector was at a 13-month high in November What is Purchasing Managers’ Index? The Purchasing Managers’ Index (PMI) is Read more…


In its fifth Bi-monthly Monetary Policy Statement on 5th December, the RBI decided to rationalise the Merchant discount rate structure. It will be in effect from 1st January 2018. (Read: RBI’s Monetary Policy-Raises inflation forecast; keeps rates unchanged) What is merchant discount Read more…


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