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 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 »
International oil prices have been declining since January 2020. Brent crude has slid from $65 in December 2019 to below $30 in March. On 18th March, Brent crude fell more than 14 % to $24.52 barrels per day. Analysts expect the prices to touch $20 per barrel mark. [Brent crude and West Texas Intermediate (WTI) …
The Sensex hit a lifetime high of 41,000 recently while Nifty soared past 12100. But, the economy is in a state of slowdown with the GDP growth rate at a 6-year low of 4.5 %. [Read: What is the Reason for the Economic Slowdown in India?] This appears to be counter-intuitive prima facie since the …
Why is Sensex Rising while the Economy is in Slowdown? Read More »
Facebook’s Libra is a digital currency which was announced on 18th June 2019. [It will be launched in 2020, provided it clears all the regulatory hurdles.] This currency will let users transfer money across the world just through a tap on the smartphone. It will operate on the blockchain technology like bitcoins. The blockchain is …
All you need to know about Facebook’s Libra to be launched in 2020 Read More »
India chose to stay out of the RCEP agreement citing that the pact did not resolve some of the issues that India had. The RCEP (Regional Comprehensive Economic Partnership) was meant to be the world’s largest trade pact consisting of 16 countries– China, India, Japan, South Korea, Australia, New Zealand and all the 10 members …
India and Japan signed a $75 billion bilateral currency swap agreement in October 2018. India and Japan have signed similar agreements in the past as well, but this is the largest bilateral arrangement of this kind in the world. A bilateral currency swap agreement is an exchange of currencies between two countries As per this …
What is Bilateral Currency Swap Agreement between India & Japan? Read More »