Tag: Indian Economy

For 7PM Editorial Archives click HERE → Introduction The Economic Survey 2022-23 was tabled in the Parliament by the Union Finance Minister on January 31, 2023. The document has been prepared by the Economic Division of the Department of Economic Affairs (DEA). The Survey provides a detailed report of the national economy for the year along with forecasts.… Continue reading Economic Survey 2022-23: Key Highlights – Explained, pointwise

For 7PM Editorial Archives click HERE → Introduction In August 2020, amid the COVID-19 pandemic, the Prime Minister had exhorted that India can become a global hub in Toy Industry manufacturing and exports. In July 2021, the PM had said that India imports 80% of toys. He called on people of India to be ‘vocal for local toys‘.… Continue reading India’s Toy Industry: Growth and Challenges – Explained, pointwise

For 7PM Editorial Archives click HERE → Introduction On 02 January, 2023, a 5-judge bench of the Supreme Court’s Constitution Bench ruled on a number of petitions challenging the legality of the Union Government’s decision in November 2016 to demonetise the currency notes of INR 500 and INR 1,000. The Supreme Court’s Judgment on Demonetisation has upheld the… Continue reading Supreme Court’s Judgment on Demonetisation – Explained, pointwise

For 7PM Editorial Archives click HERE → Introduction The Union Government had estimated the Fiscal Deficit to be INR 16.61 lakh crore for FY2022-23. As of November 2022, the Government’s Fiscal Deficit stood at INR 9.58 lakh crore, which is ~58% of the full-year estimate. The Budget estimate of Fiscal Deficit (INR 16.61 lakh crore) is ~6.4% of… Continue reading Fiscal Deficit in India: Trends and Concerns – Explained, pointwise

For 7PM Editorial Archives click HERE → Introduction In the recently released Financial Stability Report (FSR), the RBI has noted that the Gross Non-performing Assets (GNPA) ratio has declined to a 7-year low of 5% in September 2022. It is expected to further improve to 4.9% by September 2023. However, the Report also notes that NPA ratio may… Continue reading Status of Non-Performing Assets (NPAs) – Explained, pointwise

For 7PM Editorial Archives click HERE → Introduction The first meeting of G20’s Finance Track was held recently in Bengaluru. Regulation of Virtual Digital Assets (VDAs) emerged as a top priority agenda in the meeting. VDAs are a new evolving technology and are at the intersection of finance, economy and technology. The concerns associated with the exploitation of… Continue reading Virtual Digital Assets (VDAs): Challenges in Regulation – Explained, pointwise

For 7PM Editorial Archives click HERE → Introduction India is negotiating Free Trade Agreements (FTAs) with several trading partners. The European Union (EU) is also negotiating an Investment Protection Agreement (IPA) along with the negotiations for an India-EU FTA. The IPA will contain investment protection standards and an independent mechanism to settle disputes between investors and the Government… Continue reading Bilateral Investment Treaties (BITs): India’s Approach and Concerns – Explained, pointwise

For 7PM Editorial Archives click HERE → Introduction The relationship between India and China has become strained due to the recent clashes between the Indian Army and PLA personnel in Tawang, Arunachal Pradesh. Popular sentiment has called for a more aggressive approach in dealing with China, amid calls for snapping of trade ties. Policy experts have pointed out… Continue reading India-China Trade: Status and Concerns – Explained, pointwise

For 7PM Editorial Archives click HERE → Introduction The RBI had come out with guidelines on Digitial Lending in September 2022. The guidelines were welcomed as they has been aimed at protecting customers from unethical business practices, such as mis-selling, breach of data privacy, unfair business conduct, charging of exorbitant interest rates, adopted by digital lenders. According to… Continue reading Regulation of Fintech in India – Explained, pointwise

For 7PM Editorial Archives click HERE → Introduction In July 2022, the RBI had issued a circular allowing international trade settlement in Rupees. The move had come amidst continuous fall in the value of Indian Rupee against the US Dollar. It is expected that the decision to allow Indian traders to settle imports and exports in rupees will… Continue reading Trade Settlement in Rupee – Explained, pointwise