Southern states are protesting because they believe it is unfair that they contribute significantly to Central Government taxes but receive disproportionately little in return. Firstly, let’s delve into the tax structure in the country: The State Governments gathers taxes on alcohol, fuel, road tax, stamp duty, and a share of the GST Meanwhile, the Central …
Why is Karnataka protesting against the Central Government? Read More »
China’s Economic turbulence: A dragon at rest? China, the world’s second-largest economy, has been making headlines for all the wrong reasons lately. The dragon’s mighty roar seems to have turned into a subdued purr as it navigates a series of economic challenges. Economic indicators data hush-up One notable move is China’s decision to stop publishing …
The Dragon’s Rest: What’s Slowing Down China’s Economic Growth? Read More »
Silicon Valley Bank (SVB) was the 16th largest commercial bank in the US Today, it is no more SVB was based in California, US, and its collapse is the biggest financial disaster since 2008 [You may also read- the financial crisis of 2008 simplified] Silicon Valley Bank collapsed because depositors rushed to withdraw their money, …
Why did Silicon Valley Bank Collapse? – Explained Read More »
The Reserve Bank of India (RBI) has introduced a new digital version of the Indian rupee, called the e-rupee. The e-rupee is a digital version of the physical rupee and is intended to be used for digital transactions. On Dec 1 2022, the RBI has announced start of the first phase of the retail e-rupee …
In the aftermath of Russia’s invasion of Ukraine, countries around the world have imposed heavy economic sanctions to deter Russia. The sanctions are intended to hurt Russia’s economy. The sanctions will cut off major Russian banks from the US financial system, ban Russia’s technology imports, and also target the country’s wealthy individuals. It will also …
The one big takeaway from the Union Budget 2022 is the increase in capital expenditure (capex). The capital expenditure outlay has been increased by 35.4 % for 2022. It is expected to go up to Rs 7.50 lakh crore in FY 2022-23. This includes Rs 1 lakh crore earmarked as special borrowing by states to be …
What’s this capex multiplier mentioned in the budget 2022? Read More »
In 2013, the Fed Reserve had signalled that it would gradually roll back its bond-buying programme, popularly known as quantitative easing (QE), introduced to inject liquidity in the economy in the aftermath of the 2008 financial crisis. This decision by the Fed led to an increase in bond yields in the US. As a result, …