Globalisation in reverse gear: The threatened re-emergence of Protectionism
Globalization in reverse gear and global trade protectionism are the result of various kinds of problems regarding social distribution, justice, and uneven development in the process of globalization. Unequal social distribution is a weakness inherent in a market economy, but economic globalization further aggravates the problem. In a market economy, the profit of different economic…
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RBI: Cash deposits through UPI &PPI through third party application, CBDC-Retail accessible to a broader segment
The Statement on Developmental and Regulatory Policies released by RBI today proposed to facilitate a cash deposit facility through the use of UPI. “Cash Deposit Machines (CDMs) deployed by banks enhance customer convenience while reducing the cash-handling load on bank branches. The facility of cash deposit is presently available only through the use of debit…
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Repo rate remain unchanged. FY 2025 GDP growth projected at 7%, inflation at 4.5%
The Monetary Policy Committee (MPC) met on the 3rd, 4th, and 5th of April 2024 and decided to keep the policy repo rate at 6.50 percent, other key policy rates also remained unchanged for the 6th straight time. RBI also left the policy stance unchanged with a focus on the withdrawal of accommodation. Withdrawal of…
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Fair Globalisation & the Need for Policy framework
Fair Globalization refers to equal and fair opportunities for all the economies across the world. The final report of the ILO’s World Commission on the Social Dimension of Globalization recommends that the potential of globalisation can be better harnessed to address the needs, concerns, and aspirations of a large number of people in the world.…
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No change in RBI policy approach on Exchange Traded Currency Derivatives (ETCD)
RBI today reiterated that the regulatory framework for ETCDs has remained consistent over the years and that there is no change in the RBI’s policy approach. The announcement was made as some concerns have been expressed about participation in the exchange traded currency derivatives (ETCD) market in the light of the Reserve Bank of India’s…
Globalsisation and its Impact on India
Globalisation refers to the increasing interconnectedness and interdependence of countries and their economies marked by free trade, and the free flow of capital among countries. Globalization provides easy access to foreign resources, including labour markets, to maximize returns and benefit the common good. The capital moved between two or more places, commodities were traded across…
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