Balance of payments (BOP) The Balance of payments (BOP) is the accounting record of all economic transactions between residents of the country and the rest of the world in a particular time period. These transactions are made by individuals, firms, and the Government. Hence, the BOP is the record of a country’s exports, imports, foreign …
Balance of Payment (BOP), Current Account & Capital Account Explained Read More »
[Updated on 27th Feb 2022] The RBI’s Monetary Policy Committee (MPC) meets every two months/ bi-monthly to review its monetary policy. [Read: The Monetary Policy Committee (MPC) Explained] Monetary policy is the action taken by the RBI to control the amount of money supply in the economy. RBI has several monetary policy tools at its …
Repo, Reverse Repo, LAF, CRR, SLR, MSF, Bank Rate, OMO, MSS- Explained Read More »
Many states in India such as Uttar Pradesh, Punjab, Rajasthan, Karnataka, Tamil Nadu and Maharashtra have announced huge packages for farm loan waiver. Other states have also raised similar demands. This demand for waiver is due to the rural distress faced by the farmers, caused by consecutive droughts in two years followed by the recent …
The international crude oil prices have declined substantially since 2014. In spite of this, the prices of petrol and diesel in India have increased. (Read: Fall in International Crude Prices Explained) In March 2014, when the crude oil price was above $ 100 per barrel, the retail price of petrol was Rs. 73.16 per litre in Delhi. …
The GDP growth rate of India declined to a three-year low of 5.7 % in the March-June 2017 quarter. It was 6.1 % in the last quarter (Jan-Mar 2017). This is the slowest growth rate recorded in two years and has led India to lose its status as the world’s fastest-growing major economy to China. The …
It is too premature to conclude if the Demonetisation scheme of the Government is a success or failure. This post brings to you the arguments on both sides, without attempting to arrive at a judgment. (Before proceeding further, you can read these posts by Economyria: Demonetisation of currency in India: Explained The Impact of Demonetisation)
In a landmark ruling on 24th August 2017, the Supreme Court decided that there is a fundamental right to privacy in India. The judges affirmed that the Right to privacy is an intrinsic part of Article 21 of our Constitution that protects life and liberty. It is also a part of freedom guaranteed by Part …