Tag: Indian Economy

What is Masala Bond?

What is Masala Bond? How can it help the falling rupee?

In a meeting chaired by Prime Minister Narendra Modi on Friday, Finance Minister Arun Jaitley said that the government has decided to cut non-essential imports and increase exports amid a widening current account deficit (CAD), sliding rupee and soaring crude oil prices. Addressing the media after attending a meeting to[Read More…]

How it can boost Indian economy after Section 377 could cost India $26 billion a year

Here’s how ‘Pink Money’ can boost India’s economy after Section 377 got scrapped

India has possibly been throwing away more than $26 billion a year when it continued to marginalise the LGBTQIA+ community.  However, now that the Supreme Court has decriminalised homosexuality with the rainbow flags flying high, Indian markets could benefit from the vast spending power of the queer community. The remarkable judgement[Read More…]

Sensex down 150 points, rupee at 73

Despite falling rupee, India in exceptional period of stability: Finance Ministry official

As the Indian rupee plunged to a fresh record low of 70.60 to a US dollar on Wednesday, a top government official said there is no need to be alarmed as despite the short-term volatility, the country is going through “an exceptional period of stability”. The official said if one takes the long-term view, the rupee is not depreciating[Read More…]

RBI hikes repo rate making home loan woeful

RBI hikes repo rate making home loan woeful

Reserve Bank of India (RBI) raised the repo rate that is directly going to affect the home loan costs. The RBI announces this during its bi-monthly monetary policy review. This makes the present repo rate of India to be 6.50 per cent. The Central Bank of India has lifted the[Read More…]

Yashwant, Shourie, Apang to attend Mamata's rally, Mayawati deputes Satish Mishra

Supporting PM Modi was a mistake: Arun Shourie

Former BJP minister, Arun Shourie, slammed Prime Minister Narendra Modi for the second time in a week when he said that supporting him was a mistake. He was delivering the inaugural address at the sixth edition of the Khushwant Singh literary festival at Kasauli on Friday morning when he said,[Read More…]

India's economy will get better very soon: World Bank

India’s economy will get better very soon: World Bank

In wake of the ongoing economic slowdown of the country, World Bank President, Jim Yong Kim, said that it is an “aberration” caused by temporary disruptions in preparation for the Goods and Service Tax (GST) and asserted that it will be corrected in the near future. Responding to questions on[Read More…]

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