Finance Minister Nirmala Sitharaman presented the Union Budget for the year 2022-23. Considering elections in key states like UP etc, it is surprising that the budget did not resort to populist announcements. The budget unveiled a long-term focus on the economy. The FM in her speech referred to the Amrit Kaal (that is, in 25 …
The Government announced the National Monetisation pipeline (NMP) in August 2021 to raise Rs. 6 lakh crore over the next 4 years (that is, by 2025). This amount raised would be utilized to fund infrastructure spending in the country. (new infrastructure spending is known as greenfield investment/project. These projects start from scratch). Hence, it will …
What is the National Monetisation Pipeline?- Explained Read More »
LIBOR was one of the most important financial numbers in the world and it is being discontinued. This article explains what is LIBOR and why is it going away in a simplified way. What is LIBOR? It is the London Inter-Bank Offered Rate It is the interest rate at which major banks in the world …
What is LIBOR and why is it going away? – Explained Read More »
Inflation measured by the Wholesale Price Index (WPI) rose to 14.2 % in November. It is the highest since April 2012, the earliest period for which WPI data is available under the 2011-12 series.WPI inflation is at the double-digit level for the last 8 monthsInflation measured by Consumer Price Index (CPI) is 4.9 %.Generally, WPI …
Why is there a divergence in WPI and CPI inflation? Read More »
It has been more than 20 months and the world is still facing a shortage of semiconductor chips. Semiconductors are embedded in every digital electronic device and household appliances like smartphones, computers, cars, washing machines, refrigerators, electric toothbrushes, headphones, gaming consoles, etc that we use on an everyday basis. It is the backbone of all …
Why is there a semiconductor shortage in the world? Read More »
China’s latest GDP data has confirmed an economic slowdown China’s GDP grew by just 4.9% in the recent July-Sept quarter as compared to the same period in 2020. This rate is down from 7.9 % growth in the April-June quarter Industrial production growth slumped to 3.1 % year on year in September from 5.3 % …
3 reasons China’s economy is slowing down- explained Read More »
Let me begin by introducing myself. I’m Mridusmita Choudhury. I’m a graduate of Shri Ram College of Commerce (B.Com Hons) and Delhi School of Economics (M.Com & M.Phil). I have been teaching Accountancy and Finance for 4 years as Assistant Professor at Delhi University and Kaziranga University. I have also taught Accountancy to two batches …