ADIA will become the first institutional investor in NIIF

Pursuant to the Memorandum of Understanding (MoU) between Department of Economic Affairs, Ministry of Finance, Government of India and the Government of United Arab Emirates (UAE) to mobilise long term investment into National Investment and Infrastructure Fund (NIIF), the first investment agreement between NIIF Master Fund and a wholly owned Read More …

Footwear Design & Development Institute Act 2017

Introduction: Footwear Design & Development Institute (FDDI) has been declared an ‘Institute of National Importance’ under Ministry of Commerce & Industry, Government of India. The FDDI bill was passed by the Parliament in July 2017. The Provisions of FDDI Act 2017 have come into force from today, according to the Read More …

Bureau of Indian standards (BIS) Act 2016

 A new Bureau of Indian standards (BIS) Act 2016 which was notified on 22nd March, 2016, has been brought into force with effect from 12th October, 2017. Features of the Act: The Act establishes the Bureau of Indian Standards (BIS) as the National Standards Body of India. The Act has enabling provisions for the Read More …

Six steps to job creation

Introduction: India is indeed the fastest growing large economy in the world; yet with investment low, credit offtake low, capacity utilisation in industry low, agricultural growth low, plant load factor low, it is hardly surprising that job growth is low as well. Who are in need of Jobs? In India’s Read More …

Why do we need external benchmarks while pricing loans?

An internal Study Group constituted by the Reserve Bank of India (RBI) has recommended that banks should set interest rates based on an external benchmark and not as per internal benchmarks as is the practice now. Here is what you need to know on the subject: What is the need Read More …

Anatomy of a decline

Introduction: Indian growth indicators have been in constant decline, in the April-June quarter, growth plummeted to a dismal 5.7 per cent.  The growth for fiscal 2017-18 is projected to be below 7 per cent, this will not provide enough room to the finance minister to increase allocations in sectors starved Read More …

India 100th on Global Hunger Index

India has a “serious” hunger problem and ranks 100th out of 119 countries on the global hunger index — behind North Korea, Bangladesh and Iraq but ahead of Pakistan, according to a report. Other Facts & Figures The country’s serious hunger level is driven by high child malnutrition and underlines Read More …

Nobel Prize in Economics 2017

The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2017 was awarded to Richard H. Thaler ”for his contributions to behavioural economics.” Dr. Thaler (72) has incorporated psychologically realistic assumptions into analyses of economic decision-making, a media release by Royal Swedish Academy of Sciences said. By exploring Read More …

Inter-bank Local Currency Credit Line Agreement and Cooperation Memorandum relating to Credit Ratings

The Union Cabinet has given its approval to the signing of the (i) Interbank Local Currency Credit Line Agreement and (ii) Cooperation Memorandum Relating to Credit Ratings by Exim Bank with participating member banks under BRICS Interbank Cooperation Mechanism. As both the Agreement and the MoU are umbrella pacts, and are non-binding in nature, Read More …