The Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES) was launched on 28th March 2020. Its immediate purpose is to raise funds for fighting the novel coronavirus or COVID-19. Quite expectedly, the opposition parties started raising queries about the need for such a fund, when the PM National Relief Fund (PMNRF) …
The lockdown enforced to tackle the outbreak of the pandemic halted economic activity across the country. This has hit the revenues of the states. This was the reason, the states were keen to open liquor shops despite concerns that social distancing norms would not be followed. Before going into detail of taxes on alcohol, let …
Why were the states in a rush to open liquor shops? Read More »
What are financial markets? Financial markets serve as an intermediary between those who have excess funds and those who need funds. For example- a college student (who needs funds) can avail of an education loan from the bank. A working person (who has extra funds) can deposit in a bank to save for retirement. Similarly, …
What are Financial Markets? What are the Securities traded in these Markets? Read More »
The pictures of the migrant workers walking hundreds of kilometers with families and kids have become the defining images of India’s fight against corona. The lockdown enforced due to the coronavirus outbreak led to a mass exodus of migrant workers from the cities to villages. It has exposed the extreme vulnerability of migrant laborers in …
The RBI launched Operation twist on 19th December 2019 to lower long-term interest rates in the economy. What is Operation twist by RBI? Operation twist is buying and selling of Government securities by the RBI simultaneously through Open Market Operations (OMO). Basically, the RBI sells short-term securities and uses the proceeds to buy long term …
China’s share of global manufacturing output climbed from 8.7 percent in 2004 to 28.4 percent in 2018. China is the world’s largest manufacturing hub. It is also the biggest exporter of many products like steel, chemicals, toys, rare earth, mobiles, electronics, garments, bulk drugs, etc. The coronavirus outbreak has exposed the over-dependence of the world …
Companies to move manufacturing out of China- Will India benefit? Read More »
Recently, Franklin Templeton India decided to discontinue six debt-fund schemes and stopped redemptions for the investors who had invested in these schemes. This unprecedented step by the major global investment firm led to panic among investors in the mutual fund market. The Reserve Bank of India had to announce a liquidity scheme as a confidence-building …
Everything you wanted to know about the Franklin Templeton Crisis Read More »