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 »
Dehing Patkai Wildlife Sanctuary (WLS) controversy, or should I call it Aarey 2.0? It is surprising to see how the masses fall prey to vicious misinformation campaigns run on social media, whose clear aim is to ensure electoral gains for certain political parties. Elections can make the opposition parties create a mountain out of a …
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 »
Finance Minister Nirmala Sitharaman announced the third tranche of Modi’s 20 lakh crore economic package on 15th May. It mainly focussed on the agricultural sector. Besides measures related to strengthening infrastructure, capacity, and logistics, 3 key reforms in the sector were also announced. [You may read- What does Modi’s 20 lakh crore package mean?] This article …
The Finance Minister, Nirmala Sitharaman unveiled the fourth set of the 20-lakh crore COVID economic package as part of the ‘Atmanirbhar Bharat Abhiyan ’. One of the major reforms announced was giving a boost to commercial coal mining in India. [You may also read: Modi’s 20 lakh crore Economic Package- Is it worth all the hype?] Some …
How and why did the Government liberalize coal mining in India? 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 »