Russia – Ukraine War and it’s impact A 10 per cent rise in crude oil prices could lower India’s GDP growth by 0.2 percentage points; on the retail inflation front, the impact is between 0.5 and 0.6 per cent. The ongoing Russia-Ukraine conflict is already having its impact on the global energy supply and prices. Brent Crude hit […]
Hydrogen Energy in India Green hydrogen, produced from water and clean electricity, is crucial for the world’s emissions reduction goals. India should make an earnest effort and be a first mover in the future of energy. It lost out to other countries in manufacturing, especially to China. No such mistake should be repeated as too […]
The Indian central bank resisted the temptation to alter its stance and go ahead with changes in policy rates; the move was unlike many of its peers in other economies RBI Policy Rates The Reserve Bank of India’s (RBI) February Monetary Policy is a bold statement where the central bank has chosen to stay with growth instead of worrying too […]
Government sees it as a potential revenue source and hence the decision is to tax profits in budget speech even in the absense of a law on it Cryptocurrency Taxes in India Union Budget 2022-23 is being dubbed as a budget for growth. It came without much fanfare and noises and was one surely without screaming headlines. […]
BUDGET 2022 India has been one of the biggest beneficiaries of FII money over the past one and half years. Rate hikes could trigger an outflow for greener pastures. After having a dream run over the past one and half years, markets across the world are now showing signs of nervousness. While the US Federal […]
Transaction of Indian Rupees in a Bank “Credit is a necessary and probably most important ingredient for economic growth”, a former deputy governor of RBI had said, estimating that the multiplier effect of credit on nominal gross domestic product growth is 1.6 times. This reflects the vitality of ensuring a sound and consistent growth of […]
Annual Budget of India 2022-23 Annual budget, which is the biggest economic event of the country, will be keenly watched this time too; wish list is ready from industry to salaried class If the last year’s budget is any reference point of the government’s intention, then we could expect a growth oriented budget this time too. But the […]
Unlike its global peers rushing in to end the easy monetary policy, the Reserve Bank of India (RBI) may not be inclined to raise interest rates to stem inflationary pressures just when the nascent economic recovery is under threat from the Omicron variant of Coronavirus. Both the government (whose aim is to boost growth) and the RBI (whose primary job is to rein […]
The Gross Non-Performing Assets (GNPA) of Scheduled Commercial Banks (SCB) has dropped to 6.9 per cent by September 2021 end, which was 7.3 per cent as of March 2021. Bad debts set to rise up to 8.1 per cent by September 2022 under the baseline scenario and to 9.5 per cent under a severe stress scenario. The Gross Non-Performing Assets (GNPA) reported by the Scheduled Commercial Banks (SCB) has […]
India, like many of its peers in the developing world, has been facing the brunt of climate change. India estimated to have lost USD 87 billion last year due to climate events such as tropical cyclones, floods and droughts, according to the World Meteorological Organization (WMO). Worse, Indian companies could lose about USD 100 billion over the next five years from the risks posed by […]