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Current Account and Capital Account Convertibility- Explained

2 Comments / Economics, Economyria Explainer, Indian Economy / By

Currency convertibility means the freedom to convert domestic currency (rupee) into other international currencies (like Dollars etc.) Before we discuss it further, read- What is current account and capital account? Current account convertibility means freedom to convert rupee into dollars etc and vice versa for export and import of goods and services. It also includes …

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What is Group Insolvency framework? Why is it required?

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The Insolvency and Bankruptcy Board of India (IBBI) constituted an 11 member working group under former SEBI chairman U.K Sinha to provide a regulatory framework to facilitate the insolvency resolution of group companies. We know that the Insolvency and Bankruptcy Code, 2016 had consolidated all the existing laws related to insolvency in India. [Read: The …

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The RBI hikes Way and Means Advances (WMA) limit- What is it?

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The RBI hiked the limit of Ways and Means Advances (WMA) to deal with the COVID-19 pandemic. This post explains about the WMA in a simplified way. Ways and Means Advances (WMA) The RBI acts as a banker to Government. Under ways and means advances (WMA), it gives short-term loan facilities to the central government …

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Impact of COVID-19 on Micro, small and medium enterprises (MSMEs)

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COVID-19 is the black swan of 2020. It has ravaged economies across the world. The pandemic is expected to hit India’s Micro, small and medium enterprises (MSME) sector particularly hard because of a lack of adequate cash reserves to tide over the crisis. The chairman of the Global Alliance for Mass Entrepreneurship (GAME) has said …

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RBI cuts rates to mitigate COVID-19 impact

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India’s economic growth is likely to decline on account of the impact of coronavirus pandemic and the consequent lockdown. Various financial institutions have been cutting India’s economic growth forecast. The rating agency Moody’s slashed India’s GDP growth rate estimate for the year 2020 to 2.5 % from 5.3% estimated just 2 weeks back. Foreign brokerage …

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LTRO: What is Long Term Repo Operations?- Explained

1 Comment / Economyria Explainer, Indian Economy / By

We already know that banks haven’t been passing down the RBI’s rate cuts to the borrowers. Therefore, the RBI took certain steps to drive up monetary policy transmission in its recent monetary policy review in February 2020. Highlights of the Monetary Policy Review: The RBI kept the repo rate unchanged at 5.15 %. It hadn’t …

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