It has been extensively covered in media outlets that Iran has dropped India out of the Chabahar Rail project. This post aims to provide proper context to this news. [Though Iran has clarified now that it did not drop India out of the rail project and vested interests were behind these reports, it is a …
Is India out of the Chabahar Port Project in Iran? Read More »
What’s this all about? So, in 2016, the European Union ruled that Ireland had given illegal tax advantages to Apple, that it had not given to other companies. Therefore, the company had to pay 13 billion euros (plus interest) in back taxes to Ireland. These 13 billion euros are the taxes that were not paid …
Apple and Ireland win the biggest tax battle in history- explained Read More »
This week, Google announced that it has set up a “Google for India Digitisation Fund”, through which it will invest $10 billion in India over the next 5-7 years. This investment will be done through a mix of “equity investments, partnerships, and operational, infrastructure and ecosystem investments.” Investments will focus on four areas important to …
Why is Google investing $10-billion in India despite the economic crisis? Read More »
The International Solar Alliance (ISA) is an alliance of 121 countries that receive ample sunlight (basically countries which lie either completely or partly between the Tropic of Cancer and the Tropic of Capricorn). This alliance is aimed at enabling co-operation amongst these sun-rich countries so as to increase the production of solar power and reduce …
The Additional Tier-1 bonds or AT-1 bonds garnered a lot of attention recently. This was after the RBI decided to write-off the dues of the AT-1 bonds issued by the Yes Bank as part of the restructuring package of the bank. Yes Bank’s AT1 bonds worth ₹8,415 crores were written down in March 2020 [You may …
The US wants to retaliate against China for its recent moves to impose new security laws in Hong Kong. These laws seek to reduce the autonomy of the city. One of the options that the US is considering is undermining the peg between US Dollars and the Hong Kong (HK) Dollar. Hong Kong had pegged …
On 1st July, the Indian Railways initiated the process of privatisation of railways. Currently, the railway is the only form of transport that is a Government monopoly. The Indian Railways invited applications from interested private entities to operate certain passenger trains using the infrastructure of railways. The Bibek Debroy Committee constituted in the year 2014 …