Finance Minister Nirmala Sitharaman presented the Union Budget for the year 2022-23. Considering elections in key states like UP etc, it is surprising that the budget did not resort to populist announcements. The budget unveiled a long-term focus on the economy. The FM in her speech referred to the Amrit Kaal (that is, in 25 …
The Government announced the National Monetisation pipeline (NMP) in August 2021 to raise Rs. 6 lakh crore over the next 4 years (that is, by 2025). This amount raised would be utilized to fund infrastructure spending in the country. (new infrastructure spending is known as greenfield investment/project. These projects start from scratch). Hence, it will …
What is the National Monetisation Pipeline?- Explained Read More »
LIBOR was one of the most important financial numbers in the world and it is being discontinued. This article explains what is LIBOR and why is it going away in a simplified way. What is LIBOR? It is the London Inter-Bank Offered Rate It is the interest rate at which major banks in the world …
What is LIBOR and why is it going away? – Explained Read More »
Wifi…Hifi…Sci-fi…DeFi…erm what? You may or may not have come across the term Defi, depending on the size of the rock you have been living under. What is DeFi? Elementary, my dear Economyria readers.DeFi is the opposite of CeFi. Confused?We’ll try to explain DeFi to you at the most basic level. Before we delve into DeFi, …
Inflation measured by the Wholesale Price Index (WPI) rose to 14.2 % in November. It is the highest since April 2012, the earliest period for which WPI data is available under the 2011-12 series.WPI inflation is at the double-digit level for the last 8 monthsInflation measured by Consumer Price Index (CPI) is 4.9 %.Generally, WPI …
Why is there a divergence in WPI and CPI inflation? Read More »
It has been more than 20 months and the world is still facing a shortage of semiconductor chips. Semiconductors are embedded in every digital electronic device and household appliances like smartphones, computers, cars, washing machines, refrigerators, electric toothbrushes, headphones, gaming consoles, etc that we use on an everyday basis. It is the backbone of all …
Why is there a semiconductor shortage in the world? Read More »
It’s been a while since we brought you any updates from the world of cryptocurrency.The last time it was the manic rise of Dogecoin – the fun and friendly internet currency. If you had any doubts about its seriousness, it’s market cap is still worth over $30 Billion at the time of writing this article. …