News: Recently, the RBI said that it had superseded the board of a financier controlled by Anil Ambani, appointed an administrator, and would soon be sending the firm to the bankruptcy tribunal. The Reliance Capital saga shows why RBI remains reluctant to allow big business groups into the banking sector, as recommended by its internal… Continue reading A cautionary tale for banking in Reliance Capital’s collapse
Tag: Indian Economy
Our broken growth model is in acute need of some repair work
Source: Live Mint Relevance: Battling the slowdown in Indian economy Synopsis: Solving India’s chicken-and-egg problem of income and investment will take government action. Contents1 Background2 Factors behind economic growth3 Trends & Problems 4 Why private consumption declined?5 Why growth still not picking up? Background India was expected to grow in double digits in 2021-22. However, most… Continue reading Our broken growth model is in acute need of some repair work
Rewiring Indian Inc
Source: Indian Express Relevance: Changed dynamics in Indian economy after 1991 reforms Synopsis: 1991 reforms was a transformational step for the Indian economy, causing a tremendous shift in the way business was carried out in India. An analysis of the changes brought by the reforms and its impact. Changes brought by 1991 reform Centrality of… Continue reading Rewiring Indian Inc
Analysis of government relief package- Explained, pointwise
Syllabus: Indian Economy and issues relating to planning, mobilization, of resources Contents1 Introduction2 What was the need for a relief package?3 Major highlights of recent relief package4 Other Government steps to boost economic growth5 Challenges with the recent government relief package6 Suggestions to improve relief package Introduction The Indian economy has fallen behind by several… Continue reading Analysis of government relief package- Explained, pointwise
Rural economy is the key to revival of Indian economy
Relevance: Decline in the GDP due to COVID, the role of agriculture and rural employment generation in the revival process Synopsis: The rural economy continues to remain crucial for any strategy of economic revival. State of economy: As per the National Statistical Office (NSO) the Indian Gross Domestic Product (GDP) declined by 7.3%. This was partly a result of a slowdown in economic activity since 2016-17 and partly… Continue reading Rural economy is the key to revival of Indian economy
MCA expands small firm definition, raises turnover and borrowing limits
What is the News? The Ministry of Corporate Affairs (MCA) has expanded the definition of small and medium companies (SMC) raising their turnover and borrowing limits. What are Small and Medium Companies? Small and Medium Companies are unlisted entities that are not banks, financial institutions, or insurance firms. turnover not exceeding Rs. 250 crores… Continue reading MCA expands small firm definition, raises turnover and borrowing limits
Impact of Fed’s Policy changes on the Indian Economy
Synopsis: The decision of U.S federal reserve to increase interest rates by 2023 will have a significant impact on India. It may depreciate the Indian rupee and increase the inflation levels in the country thereby demanding robust reforms. Why is a change in Fed rates a concern for all? Any interest rate change in the U.S… Continue reading Impact of Fed’s Policy changes on the Indian Economy
