A brief overview of economic Transformation in India
Economic reforms refer to changes introduced by the government to bring an improvement in the economy of a country through various reforms and policies to solve the prevalent economic problems. A transformation is a complete change in the appearance or character of something or someone, especially so that that thing or person is improved. Economic…
Read article
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…
Read article
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…
Read article
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…
Read article
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.…
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…
Read article