Contrary to the expectations, the RBI did not cut the Repo rate in its monetary policy review in December. The current repo rate stands at 5.15%. The analysts expected RBI to cut the Repo rate to spur economic growth given that India’s GDP fell to 4.5 % in July-Sept quarter 2019-20. [Read: Repo, CRR, SLR, …
The National Statistical Office (NSO) released the GDP figures for the July-Sept quarter (Q2) for the current fiscal year 2019-20 India’s GDP fell to 4.5 % in Q2 from 5 % in Q1 This is the fifth consecutive fall in quarterly GDP. The GDP in the April-June quarter (Q1) of 2018-19 was 8 %. Since …
What is the Reason for the Economic Slowdown in India? Read More »
SEBI banned Karvy Stock Broking from taking new clients and executing trades on behalf of the existing ones. Karvy is one of the largest stockbrokers in India with over 2,50,000 clients. [For the uninitiated, the stockbrokers serve as an intermediary in the stock market. They buy and sell shares (securities) on behalf of the investors. …
SEBI banned Karvy Stock Broking from taking new clients- Why? Read More »
Facebook’s Libra is a digital currency which was announced on 18th June 2019. [It will be launched in 2020, provided it clears all the regulatory hurdles.] This currency will let users transfer money across the world just through a tap on the smartphone. It will operate on the blockchain technology like bitcoins. The blockchain is …
All you need to know about Facebook’s Libra to be launched in 2020 Read More »
The Government of India withheld the release of Consumer expenditure survey results of 2017-18. The leaked draft of the survey showed a decline in consumption expenditure in rural India. As per the draft, consumer expenditure declined 8.8% in 2017-18 in rural India, but it increased 2% over six years in urban India. (It translates to …
What is Consumer Expenditure Survey? Why was it withheld? Read More »
Hello everyone, thank you for reading my posts regularly. I have been writing on my blog for 4 years now. And I get a lot of texts from my readers on various platforms about how the blog helped them. I feel we should be able to reach out to a larger readership. So, if you …
Let us understand a few concepts before we move on to the story. A public sector undertaking (PSU) is a firm which is owned by the Government, that is, the Government has a shareholding of more than 50 %. Disinvestment is selling of shares of the PSUs by the Government. Disinvestment leads to privatisation only …
Govt. approves strategic disinvestment in 5 PSUs- Explained Read More »