Indian Economy

When someone artificially affects the supply or demand for a security (for e.g.  causing stock prices to rise or to fall dramatically), it is known as Market manipulation. Market manipulation may involve techniques including: Spreading false or misleading information about a company; Engaging in a series of transactions to make a security appear more actively traded. Rigging …

RBI recently stated that some financial institutions were yet to facilitate an absolute transition away from the LIBOR benchmark. What is LIBOR? The London Interbank Offered Rate (LIBOR) is a global benchmark interest rate that combines individual rates at which banks opine they may borrow from each other at the London interbank …

India’s goods exports have fell the steepest in three years in April, 2023 because of the weakening global demand and declining commodity prices. According to the commerce ministry data, the Exports have declined by nearly 13% i.e., from $39.70 billion to $34.66 billion in the year-ago period. The Merchandise imports have also fell by 14% to $49.90 billion from …

The government has decided to lower the threshold for businesses to generate e-invoice for business-to-business (B2B) transactions, from Rs 10 crore to Rs 5 crore, and has rolled out the automated return scrutiny module for GST returns in a backend application for central tax officers. The automated return scrutiny module …

Go Airlines (India) Ltd (Go First) said that it was filing for voluntary insolvency proceedings with the National Company Law Tribunal (NCLT) What is insolvency? Insolvency is a state of financial distress for an individual or company. It occurs when that entity is no longer able to meet the financial obligations they have agreed upon with …

In the past decade, debt-for-climate swaps have grown relatively popular among low- and middle-income countries. Debt-for-climate swaps allow countries to reduce their debt obligations in exchange for a commitment to finance domestic climate projects with the freed-up financial resources. It was introduced as a debt restructuring device that aims to combat climate change by ensuring that debt-ridden countries do …

India’s ultra-high-net-worth individuals (UHNIs) allocated 6% of their total investable wealth in the gold last year. In 2022, the average UHNI wealth allocation in gold was 3% globally and 4% in the Asia-Pacific region. Indian UHNIs have stepped up gold allocation from 4% in 2018. This is because gold has delivered returns of over 69 percent in the past …

Union Minister says, India set to be major contributor to world’s “Circular Economy”. The circular economy is a systems solution framework that tackles global challenges like climate change, biodiversity loss, waste, and pollution. The circular economy is based on three principles: Eliminate waste and pollution Circulate products and materials (at their highest value) Regenerate nature It …

The famous Banarasi Paan and Banarasi Langda mango are the two latest products to have got the Geographical Indication (GI) tag. As many as 33 products were granted GI certification on a single day by the GI Registry, Chennai. Among them 10 products belong to Uttar Pradesh, including three from Varanasi. As of now, UP has 45 GI goods, …

India and Malaysia have agreed to settle trade in the Indian rupee which indicates that India is willing to take concrete steps towards de-dollarisation of its international trade.  Key details: The Union Bank of India has become the first bank in India to operationalise this option by opening a Special Rupee Vostro Account through …