The Financial crisis 2008 or the Great Recession is the biggest economic event in the world after the Great Depression of the 1930s. This article explains the causes and consequences of the financial crisis in a very simplified way. [You may also read- The Great Depression of the 1930s explained] What is a financial crisis? …
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The ‘Big is Beautiful’ ideology of the State Bank of India , which reveals itself in the decided merger of the SBI with its associates , is expected to come to fruition by the end of 2016. The combined entity would create a financial sector powerhouse , with total assets worth 37 lakhs crores. While …
Yes, the move that was on the cards has finally been executed. No, I am not talking about Game of Thrones (Generic humour appeal at the start), but yes the newest member in the hall of fame for RBI governors. Dr. Urjit Patel becomes the governor of RBI, taking over the reins from the former, …
There has been a pronounced change in the approach of Government in dealing with the unemployment crisis. The current approach is more based on creating small entrepreneurship or giving the people more opportunities to start small-scale enterprises of their own.
Raghuram Rajan took over as the RBI Governor on 4th September 2013. With a shift in power from Congress to BJP , India saw a change in the ideologies of its representatives. We went on from focusing on expenditure on health and education to promoting investment in institutional areas. Along with this significant development came …
The Rajya Sabha has finally passed the constitutional amendment Bill enabling the roll-out of the Goods and Services Tax. The Goods and Services Tax (GST) has been touted as the biggest tax reform in India since its independence. The Government has set 1 April 2017 as the deadline for its implementation. This article explains GST …
On 23rd June 2016, the United Kingdom held a referendum/ vote to decide whether or not to leave the European Union. 52 % of the voters opted to exit from the Union (also known as Brexit). This post explains Brexit in a series of Q&As. What is the European Union (EU)? The European Union is a …
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