India’s Finance Minister, on 2nd December, announced that 78% of PMC Bank depositors can withdraw their entire deposits. Though the annual withdrawal limit of Rs 50,000 imposed earlier still continues, most small depositors have been taken care of through this announcement. This comes in the backdrop of yet another bank scam which was unearthed in …
PMC Bank Scam: Everything You Need to Know about it Read More »
The National Statistical Office (NSO) released the GDP figures for the July-Sept quarter (Q2) for the current fiscal year 2019-20 India’s GDP fell to 4.5 % in Q2 from 5 % in Q1 This is the fifth consecutive fall in quarterly GDP. The GDP in the April-June quarter (Q1) of 2018-19 was 8 %. Since …
What is the Reason for the Economic Slowdown in India? Read More »
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 »
The Government has decided to put Air India on sale again after a failed attempt at strategic disinvestment last year. [ You may also read: Govt. approves strategic disinvestment in 5 PSUs- Explained] According to the country’s aviation minister, Air India will have to shut down its operations if the renewed attempt to find a …
Air India Privatisation : Why it should be done? Read More »
SEBI banned Karvy Stock Broking from taking new clients and executing trades on behalf of the existing ones. Karvy is one of the largest stockbrokers in India with over 2,50,000 clients. [For the uninitiated, the stockbrokers serve as an intermediary in the stock market. They buy and sell shares (securities) on behalf of the investors. …
SEBI banned Karvy Stock Broking from taking new clients- Why? 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 »
The Government of India withheld the release of Consumer expenditure survey results of 2017-18. The leaked draft of the survey showed a decline in consumption expenditure in rural India. As per the draft, consumer expenditure declined 8.8% in 2017-18 in rural India, but it increased 2% over six years in urban India. (It translates to …
What is Consumer Expenditure Survey? Why was it withheld? Read More »