The stock market indices- BSE Sensex and NSE Nifty- have been rising continuously since the beginning of 2017. Sensex and Nifty are supposed to be the indicators of the economic health of a country. (Read: What is Sensex and how is it calculated?) So the question is, why are the stock markets booming despite slowing GDP …
What is driving India’s stock market to record highs? Read More »
The Foreign Exchange Reserves of India rose past $400 billion for the first time ever in September 2017. India has the world’s eighth largest foreign exchange reserves. This list is headed by China and Japan. Foreign exchange (FOREX) reserves are the assets held by a Central Bank of a country in foreign currencies. The Central …
In an announcement made on 24th October 2017, the Government decided to infuse Rs. 2.11 lakh crore capital into the public sector banks (PSBs) over the next 2 years. Since the Government is the majority shareholder in the public sector banks, it has to provide equity capital if the banks are struggling. This injection of capital is …
There are different types of foreign investment. Foreign investors can invest in India either through Foreign Direct Investment (FDI) or Foreign Institutional Investment (FII). Types of Foreign Investment 1) Foreign Direct Investment Foreign direct investment (FDI) is when a foreign company or individual makes an investment in India that involves either (i) establishing new business …
Types of Foreign Investment- Decoded- FDI, FII, FPI and QFI Read More »
The Telecom Regulatory Authority of India (TRAI) has slashed Interconnection Usage Charges (IUC) from 14 paise per minute to 6 paise per minute from Oct 1, 2017. TRAI has also decided to abolish the IUC regime completely by 2020 and move to a Bill and Keep (BAK) regime. What is Interconnection Usage Charges (IUC)? IUC …
Interconnection Usage Charges IUC cut by TRAI- Explained Read More »
On 5th October 2017, the GST council, headed by the Finance Minister Arun Jaitley, announced a slew of changes in the GST. It was done to ease compliance norms for small and medium sector enterprises (SMEs). [You may read this article to understand GST: The Goods and Services Tax Explained] The GST council reduced GST rates …
Changes in GST in the 22nd GST Council Meeting (Oct 2017) Read More »
The 2017 Nobel prize in Economic Science has been awarded to Richard H. Thaler. He was a Professor of Economics at the University of Chicago. Thaler has been recognised for his ‘contributions to Behavioural Economics.’ Economists make simplified assumptions about the economy to develop economic models. A common assumption is that individuals are perfectly rational and …
All you need to know about the Economics Nobel Prize for Richard Thaler Read More »