The Reserve Bank of India has made reforms in the way benchmark lending rates of banks are calculated. It has decided to move to Marginal cost-based lending rates (MCLR). It will replace the existing base rate system from April 2016. This post explains the changes made by the RBI. What is base rate? The concept …
Marginal Cost based Lending Rate (MCLR) Explained Read More »
With the budgetary session looming close, ‘fiscal deficit’ is a term you are expected to hear multiple times. So, we decided to write a post to demystify the concept for our readers. The Fiscal deficit is the gap between revenues and expenditure of the Government. Simply put, when Government spends more than it earns, it …
Fiscal Deficit; Revenue Deficit; Primary Deficit; Fiscal Slippage Demystified Read More »
The Government of India had announced two gold-related schemes in its last budget of 2015-16: Gold Monetisation scheme and Sovereign Gold bond scheme. Prime Minister Narendra Modi is going to formally launch the scheme on 6th Nov 2015 before the Hindu festival of Dhanteras when it is considered auspicious to purchase gold.
Bank of Baroda, India’s second largest state-owned lender is embroiled in a Rs. 6000 crores foreign exchange (FOREX) scam. Though, the racket was first unearthed at the Ashok Vihar branch of Bank of Baroda, it has turned out to be a much bigger scam involving other branches and banks too.
Global oil prices have declined to around $47 a barrel. It was $110 in June 2014. Since then, prices have been on a free fall and it has reached below $50 a barrel. Prices of oil have been stable from the year 2010 till mid-2014.
IIP or Index of Industrial production registered an increase of 7.5 % in January 2018. This article attempts to demystify this economic indicator.
Poverty is one of the most challenging problems facing the Indian economy today. But, the recent World Bank report has given us something to cheer about. Though India still has the largest number of worlds’ poor, its poverty rate is the lowest among developing countries. It also suggests that we have been overestimating our poverty rates.