[‘Daily News Updates’ will provide you with a simplified understanding of the important economic/financial events across the country] RBI Announces an Increase in Bond-Buying; to Purchase 1.2 Trillion Government Securities in the September Quarter While the Reserve Bank of India kept policy rates unchanged, it announced that it would buy an additional Rs. 1.2 trillion …
[‘Daily News Updates’ will provide you with a simplified understanding of the important economic/financial events across the country] RBI Keeps Interest Rates Unchanged; Cuts Growth Forecast In the ongoing Monetary Policy Committee meeting, interest rates have been kept unchanged as predicted by many experts (and reported by us on 2nd June, 2021). In other words, …
[‘Daily News Updates’ will provide you with a simplified understanding of the important economic/financial events across the country] Model Tenancy Act Cleared by the Union Cabinet The Union Cabinet has approved the Model Tenancy Act in a bid to boost the rental housing market in the country. [A Model Act is not enforceable; it is …
[‘Daily News Updates’ will provide you with a simplified understanding of the important economic/financial events across the country] India’s Market Capitalisation to GDP Ratio Hits a Decadal High India’s market capitalisation to GDP ratio hit a decadal-high of 103.47% as of March 31, suggesting that the equities are valued expensively because the market expects a …
Students of classes 11 and 12 can reach out to me for online tutoring in Accountancy and Economics. I will also launch a one-month Accountancy course in June specifically designed for people preparing for the EPFO examination. Why you should register? Interactive classes approach Focus on conceptual clarity Limited batch size Doubts solving Demo classes …
Online Coaching for Accounts & Economics for CBSE 11th, 12th & EPFO Read More »
Introduction India is facing an acute Oxygen crisis in the backdrop of the raging COVID-19 pandemic. A few days ago, more than twenty patients died in Maharashtra due to Oxygen leakage. In Gujarat, five patients died as the Oxygen supply ran out. The same happened in Aligarh, Uttar Pradesh. The situation is dire, and the …
How Bad is India’s Oxygen Crisis? What Steps have been Taken? Read More »
The Union Budget of 2021-22 pegged India’s revised fiscal deficit target for the current financial year 2020-21 at 9.5% of GDP. It is much higher than the earlier estimate of 3.5 %. In absolute terms, the fiscal deficit is more than Rs.18 lakh crore. [The government has fixed the target to spend Rs 11.7 lakh …