In November 2019, the Dewan Housing Finance Corporation Ltd. (DHFL- a Non-Banking Financial Company providing home loans) was referred to the National Company Law Tribunal (NCLT) by the RBI for insolvency proceedings under the Insolvency and Bankruptcy Code 2016 (IBC) owing to default in meeting its payment obligations. [Insolvency is the inability of individuals or …
The DHFL Crisis – What are the Latest Developments? Read More »
[Read this post to understand the factual background of India’s vaccination programme] [Note- From 1st April, 2021, everyone above the age of 45 is eligible to get the vaccine] The Government has capped the price of each vaccine dose at Rs. 250. Besides, only the Government can control the procurement of both the vaccines and …
COVID-19 Vaccination- Steps to Improve the Pace of the Programme Read More »
The inner workings of foreign currency exchange (FX or forex) markets are extremely complicated. That’s because they are affected by a wealth of micro and macroeconomic factors. It’s because of this dependency that the COVID-19 pandemic has caused an extreme rise in volatility in the global FX market. As a result, this affected every economy …
Foreign Currency Exchange Markets and Their Risks Explained Read More »
What are financial markets? Financial markets serve as an intermediary between those who have excess funds and those who need funds. For example- a college student (who needs funds) can avail of an education loan from the bank. A working person (who has extra funds) can deposit in a bank to save for retirement. Similarly, …
What are Financial Markets? What are the Securities traded in these Markets? Read More »
All major economies in the world have unleashed massive fiscal stimulus packages to tackle the economic fall-out of the coronavirus outbreak. In contrast, India’s fiscal stimulus package has been minuscule. In March, the Government had announced Rs.1.2 trillion stimulus package targetted towards the poor, low-income and vulnerable segments of the population. This allocation amounted to …
Debt monetisation- Should it be done in light of the corona-induced crisis? Read More »
Currency convertibility means the freedom to convert domestic currency (rupee) into other international currencies (like Dollars etc.) Before we discuss it further, read- What is current account and capital account? Current account convertibility means freedom to convert rupee into dollars etc and vice versa for export and import of goods and services. It also includes …
Current Account and Capital Account Convertibility- Explained Read More »
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 »