The Gold prices in India continued their rally this week and hit an all-time high of Rs.51,500 per 10 gms. This is the first time that gold prices have crossed the barrier of Rs.51000. Gold prices have surged over 30% so far this year. This is surprising considering that the demand for gold in India …
Early in the crisis, many analysts talked of a V-shaped recovery. Now, it is becoming increasingly clear that we’ll be in a prolonged slowdown. The economic recovery trajectory after a recession, when plotted in a graph assumes different shapes. These shapes (GDP plotted in a graph) are denoted using different alphabets or shapes that they …
Shape of India’s economic recovery- U, V, W, L, Z, or swoosh? Read More »
It has been extensively covered in media outlets that Iran has dropped India out of the Chabahar Rail project. This post aims to provide proper context to this news. [Though Iran has clarified now that it did not drop India out of the rail project and vested interests were behind these reports, it is a …
Is India out of the Chabahar Port Project in Iran? Read More »
What’s this all about? So, in 2016, the European Union ruled that Ireland had given illegal tax advantages to Apple, that it had not given to other companies. Therefore, the company had to pay 13 billion euros (plus interest) in back taxes to Ireland. These 13 billion euros are the taxes that were not paid …
Apple and Ireland win the biggest tax battle in history- explained Read More »
This week, Google announced that it has set up a “Google for India Digitisation Fund”, through which it will invest $10 billion in India over the next 5-7 years. This investment will be done through a mix of “equity investments, partnerships, and operational, infrastructure and ecosystem investments.” Investments will focus on four areas important to …
Why is Google investing $10-billion in India despite the economic crisis? Read More »
The International Solar Alliance (ISA) is an alliance of 121 countries that receive ample sunlight (basically countries which lie either completely or partly between the Tropic of Cancer and the Tropic of Capricorn). This alliance is aimed at enabling co-operation amongst these sun-rich countries so as to increase the production of solar power and reduce …
The Additional Tier-1 bonds or AT-1 bonds garnered a lot of attention recently. This was after the RBI decided to write-off the dues of the AT-1 bonds issued by the Yes Bank as part of the restructuring package of the bank. Yes Bank’s AT1 bonds worth ₹8,415 crores were written down in March 2020 [You may …