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 »
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 »
India changed its Foreign Direct Investment (FDI) rules to curb opportunistic takeovers/ acquisitions of Indian companies amidst the COVID-19 pandemic. This is clearly a move directed towards China. The pandemic has caused stock markets around the world to collapse. As the share prices of companies are down and they are struggling due to cash-flows issues, …
The RBI Governor, Shaktikanta Das addressed the media yesterday and took several steps to combat the economic fall-out of the coronavirus outbreak. 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 percent in …
The Non-Bank Financial Corporations (NBFCs) were already facing a liquidity crunch when coronavirus pandemic hit and disrupted economic activities across various sectors. Ever since the default of Infrastructure Leasing & Financial Services Limited (IL&FS) and Dewan Housing Finance Corporation Ltd. (DHFL), the NBFCs have been facing difficulty in meeting their funding requirements. [Read about the …
The prolonged lockdown in China from January 2020 to March 2020 to tackle the deadly coronavirus pandemic disrupted the global supply chains in various sectors, including in the pharmaceutical sector. [You may read: Impact of COVID-19 on MSMEs] China is the world’s leading producer and exporter of bulk drugs and intermediates by volume. Most pharma …
Impact of COVID-19 on Pharmaceutical Sector in India Read More »
Currency convertibility means the freedom to convert domestic currency (rupee) into other international currencies (like Dollars etc.) Before we discuss it further, read- What is current account and capital account? Current account convertibility means freedom to convert rupee into dollars etc and vice versa for export and import of goods and services. It also includes …
Current Account and Capital Account Convertibility- Explained Read More »