On March 12, 2024, the National Statistical Office (NSO), Ministry of Statistics and Programme Implementation (MoSPI) released India’s inflation data for February 2024, which brought some relief to the nation. The Consumer Price Index (CPI) inflation fell to 5.09%. This marks a decline from 5.10% in January and is under the tolerance range of 2% …
For the past four months, the demand for Indian bonds has been notable. On Monday, March 11, 2024, the yield on the 10-year government bond touched 7.01%, its lowest level since June 2023. Furthermore, there is a strong signal that the yield is expected to hit about 6.90% in the near future. Government bond yields …
The outlook for India’s economy is bright and positive. India Ratings and Research (Ind-Ra) recently released a report predicting that by FY 2033–2036, India may move into the upper-middle income bracket. This is an intriguing concept that represents a big step forward, but what does it really imply and is it realistic? “The onward journey …
On March 10th, 2024, India and the European Free Trade Association (EFTA) inked a significant Trade and Economic Partnership Agreement (TEPA), marking a new chapter in their economic partnership. As per the agreement, EFTA countries promised an increase in trade as well as a potential influx of investments valued at a staggering $100 billion over …
In a recent gathering of stakeholders from across the textile sector, Union Minister Shri Piyush Goyal delivered a compelling message: “Be vocal for local and take local to global.” This rallying cry from Prime Minister Shri Narendra Modi encapsulates the essence of promoting indigenous products on the world stage. The emphasis was not only on …
What is CBDC? The RBI has said that CBDC or Central Bank Digital Currency is broadly defined as legal tender (or currency) in digital form. It is a store of value that can be converted into paper currency and would appear as a liability on the central bank’s balance sheet. It is based on the …
A country or the world might face an economic slowdown at any point in time. This downturn or recession significantly impacts the country’s economy, which is generally visible in the employment rate, industrial production, real GDP, the decline in retail sales, and national income. Before we understand what causes recession and how to recover from …
In the fast-paced world of global finance, the performance of currencies often mirrors the economic strength and stability of a nation. In the first two months of 2024, one currency stood out among its emerging market peers, showcasing resilience and promise for the year ahead: the Indian rupee. The Rupee’s Standout Performance While many emerging …
India’s cabinet recently approved a landmark $9 billion initiative aimed at accelerating the adoption of rooftop solar panels across the country. This ambitious plan, which targets 10 million homes, represents a significant step forward in India’s quest for cleaner and more sustainable energy sources. In this article, we delve into the details of this initiative …
On March 05, 2024, the Government of India reviewed the Foreign Direct Investment (FDI) Policy on the Space sector and made amendments under Para 5.2.12 of the Consolidated FDI Policy Circular of 2020: Sector/Activity Sectoral Cap Entry Route 5.2.12.1 (1) Satellites-Manufacturing & Operation 100% Up to 74%: Automatic Beyond 74%: Government route (2) Satellite Data …
