India is looking at replacing the likes of Bitcoin and Ethereum with a digital version of the rupee. However, this goes against the very basics of cryptocurrency, which is to liberate money from government control.
Third time is the charm. But in economics, it also suggests dismal failure of the first two attempts. Can the finance minister pull the country out of the crisis?
If the forecast of IMF turns out to be true, India will be the worst affected economy in the South Asia. However, Finance Minister Nirmala Sitharaman’s Rs. 73,000 crore package looks bright.
The most enduring image of the Coronavirus pandemic and ensuing lockdown in India is likely to be that of hundreds of migrant workers – desperate droves of scruffy men, women, and children – dotting the country’s highways as they set off for their homes on foot notwithstanding the scorching April heat or their ill-preparedness for the rigors of the journey ahead. It has almost been like witnessing a reverse replay of the Dust Bowl Exodus in the United States when, in the midst of the Great Depression, severe dust storms and drought caused millions to migrate to cities in search of work and livelihood.
How much, how wide, and how far should the Indian Government go with fiscal stimulus package in its bid to revive the economy after more than 40 days of halt. We ponder.
With the future of the country’s national carrier already under threat, the recent COVID-19 Novel Coronavirus pandemic has made the situation for Air India even worse. Does this mean that the days for India’s ‘Maharaja of the Skies’ are now numbered?
Finance Minister Nirmala Sitharaman’s Budget 2020 proposal to incentivize investment by Sovereign Wealth Funds of foreign governments in infra gives fresh impetus to Singapore Government-backed GIC’s larger strategy for the Indian market.
On Saturday morning Union Finance Minister Nirmala Sitharaman presented the Union Budget 2020. As expected, it wasn’t well-received; at the time of writing this piece, the stock market has dropped to 987 pts. Investors and industry alike have condemned the budgets.
As the country awaits major economic relief. At a time when the markets are stuttering in one of the worst slowdowns. Here’s what India Inc. expects from the Union Budget 2020.
Public sector banks (PSBs) disbursed Rs 2.39 lakh crore to micro, small and medium enterprises (MSMEs), non-banking finance companies (NBFCs), corporates, retail and agriculture sector borrowers in November, raising the total disbursement since the launch of their customer outreach in October to Rs 4.91 lakh crore.