Category Archives: Indian Economy


The Reserve Bank of India had a 9-hour board meeting with the Government of India on 19th November. They discussed multiple issues in the meeting. The key decisions taken by the board were: It has been decided to constitute an Read more…


India and Japan signed a $75 billion bilateral currency swap agreement last month. India and Japan have signed similar agreements in the past we well, but this is the largest bilateral arrangement of this kind in the world. A bilateral currency Read more…


On 4th July, the Narendra Modi Government announced substantial increases in the Minimum Support Price (MSP) for Kharif crops. This hike was promised in the Union Budget 2018. As per the Union Budget, the MSP of the Kharif crops was fixed Read more…


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…

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