Category Archives: Indian Economy


On 23rd May 2018, the Union Cabinet approved an ordinance to amend the Insolvency & Bankruptcy code (IBC), 2016. The ordinance will come into force on 23rd November 2018. (Read: The ultimate guide to understanding the insolvency & Bankruptcy Code) Read more…


Rupee Falls to Record Low; Touches 69.09 against US Dollars On 28th June 2018, the rupee hit an all-time low of 69.09 against the US Dollar. It is expected to depreciate even more. The rupee’s last record low was hit Read more…


The Hindu explains the ‘Adopt a Heritage’ scheme,  What is it? The ‘Adopt a Heritage: Apni Dharohar, Apni Pehchaan’ scheme is an initiative of the Ministry of Tourism, in collaboration with the Ministry of Culture and the Archaeological Survey of Read more…


The Southern States are mainly protesting over a particular term of reference of the new 15th Finance Commission. It is the use of 2011 census as the basis of allocation of tax resources between the states. (Read: Explained: Finance Commission and its Read more…


What is a trade war? Investopedia defines trade war as, “A negative side effect of protectionism that occurs when Country A raises tariffs on Country B’s imports in retaliation for Country B raising tariffs on Country A’s imports.” The US has raised tariffs on certain imports. If other Read more…


The chapter 4 of the Economic Survey is titled, “Reconciling Fiscal Federalism and Accountability: Is there a low equilibrium trap?” This chapter argues that fiscal federalism and fiscal accountability is necessary for the long-run institutional development of the country. Fiscal Read more…


What is a Mutual Fund? A mutual fund is a financial institution which collects money from a large number of investors. The money collected is invested in shares, bonds etc. The income and capital gains earned through these investments are Read more…

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