Economyria Explainer

Everything you wanted to know about the Franklin Templeton Crisis

Recently, Franklin Templeton India decided to discontinue six debt-fund schemes and stopped redemptions for the investors who had invested in these schemes. This unprecedented step by the major global investment firm led to panic among investors in the mutual fund market. The Reserve Bank of India had to announce a liquidity scheme as a confidence-building …

Everything you wanted to know about the Franklin Templeton Crisis Read More »

Debt monetisation- Should it be done in light of the corona-induced crisis?

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 »

What is Fiscal Responsibility and Budget Management (FRBM) Act?

Many states have asked the Centre to raise the fiscal deficit limit from 3 % to 5 %. It must be noted that under the Fiscal Responsibility and Budget Management (FRBM) Act, states are mandated to keep their fiscal deficit under 3% of their respective GSDP.  [You may read: Fiscal Deficit; Revenue Deficit; Primary Deficit] …

What is Fiscal Responsibility and Budget Management (FRBM) Act? Read More »

Should China’s wet markets be shut down?

While the world is reeling under a coronavirus pandemic, there has been a lot of noise about China’s ‘wet markets’. Countries have appealed to China for the closure of the same. The source of COVID-19 is unclear. Though, there is some evidence that the virus originated from bats, passed on to pangolins, and then humans. …

Should China’s wet markets be shut down? Read More »

Facebook-Jio Deal: What is in it for both parties?

Facebook has acquired a 9.99 % stake in Reliance Industries’ Jio Platforms for Rs 43, 574 crores. It is the largest FDI in the technology sector in India. It is also the largest investment for a minority stake (of 9.99 %) by a technology company anywhere in the world. This post explains what is in …

Facebook-Jio Deal: What is in it for both parties? Read More »

What is SDR? Why US and India opposed new SDR allocation?

The COVID-19 pandemic and the consequent lockdown has severely impacted economic activities across the world. As per the IMF’s World Economic Outlook, the global economy is expected to contract sharply by –3 % in 2020. This makes it the worst recession since the Great Depression, and far worse than the Global Financial Crisis of 2008. [You may …

What is SDR? Why US and India opposed new SDR allocation? Read More »