Petrol and diesel prices have been rising sharply in the past few days Prices of Petrol and Diesel were hiked for the 10th consecutive day since 7th June. In the last 10 days, petrol and diesel prices have increased by ₹5.47 and ₹5.8 respectively. As of 16 June 2020, petrol in Delhi costs ₹76.73/litre while …
Why are petrol & diesel prices rising despite falling crude oil prices? Read More »
India’s foreign exchange (FOREX) reserves rose to $501.70 billion in the week ended June 5. It rose by $8.2 billion in the week to surpass the $500 billion mark for the first time in India’s history. This is also the biggest weekly jump in reserves since September 2007. These reserves are enough to provide import …
Why are FOREX reserves rising despite economic slowdown? Read More »
Foreign direct investment (FDI) in India grew by 14% to a record of $ 49.8 billion in the 2019-20 financial year, according to data by the Department for Promotion of Industry and Internal Trade (DPIIT). Total FDI, (which includes equity capital of unincorporated bodies, reinvested earnings and other capital) rose by 18 % to $73.4 …
FDI in India rises 14 % in 2019-20 to $49.8 bn- Decoded Read More »
In the first tranche of the 20 lakh crore economic package, the Finance Minister Nirmala Sitharaman injected Rs.90000 crore to financially stressed state power distribution companies (DISCOMs) so that they can repay their debts to power generation companies (GENCOs) and transmission companies (TRANSCOs). [You may also read: All about Modi’s 20 lakh crore package] & …
Why India’s Power Distribution Sector Needs Reform? Read More »
The RBI held an unscheduled Monetary Policy Committee meeting to undertake a set of measures to infuse liquidity into the system reeling under the economic impact of the lockdown. [You may also read: The Monetary Policy Committee explained] On 22nd May, the RBI Governor, Shaktikantha Das, addressed the nation. It was his third address since …
RBI cuts rates by 40 bps; maintains accommodative stance Read More »
Reliance Industries Limited (RIL) made the largest ever rights issue in India of Rs.53215 crore on 20th May. Before this, Bharti Airtel and Vodafone Idea came out with rights issues of Rs 25,000 crore each in 2019. Tata Steel did a Rs 12,800 crore rights issue in 2018. Source: ET It is the first such …
We will begin this article by reiterating how important the textile sector is for India. More than 60 % of India’s population is engaged in agriculture and they contribute to just about 15 % of India’s GDP. It indicates that to alleviate poverty, we’ll have to initiate reforms in the agricultural sector and simultaneously encourage …
Why India’s textile sector lost out to Bangladesh? Read More »