World Economic Situation and Prospects 2018’ report

Context: An upturn in the global economy—now growing by about 3 per cent—paves the way to reorient policy towards longer-term issues such as addressing climate change, tackling existing inequalities and removing institutional obstacles to development, according to the United Nations World Economic Situation and Prospects (WESP) 2018, launched. The World Read More …

India ranks 100th in Legatum Prosperity Index 2017

Context: After rising up in the Ease of Doing Business Index, India has upgraded its ranks in ‘The Legatum Prosperity Index 2017’ as well. At present, the rising trend in India’s prosperity is significant in view of the fact that India registered lower economic growth following demonetisation and implementation of the goods and Read More …

WTO: diverse views fuel bleak prospect for outcomes

Context: The World Trade Organisation’s (WTO) Buenos Aires meeting commenced amid concerns on support for anti-globalisation, protectionism and bilateralism. A vast majority of the 164 WTO member nations — led by India, China and South Africa — are, therefore, learnt to be demanding that the final declaration of the WTO’s Read More …

The lowdown on the bail-in clause

What is it? A clause in the Financial Resolution and Deposit Insurance Bill 2017, introduced in Parliament in August, has created unease. The clause lays the ground for a ‘bail-in’ of failing financial institutions. Unlike a bail-out, which constitutes the injection of taxpayers’ funds to shore up finances of a financial institution, Read More …

Repo Rate Unchanged

The monetary policy committee of the Reserve Bank of India on Dec 6 2017 decided to keep the repo rate unchanged at 6%, for the second consecutive meeting. RBI did so while maintaining its neutral stance. This means banks are unlikely to revise their home or car loan rates anytime Read More …

Intaglio (printmaking)

It is the family of printing and printmaking techniques in which the image is incised into a surface and the incised line or sunken area holds the ink.  It is the direct opposite of a relief print. Normally, copper or zinc plates are used as a surface or matrix, and the incisions are created by etching, engraving, drypoint, aquatint or mezzotint.  Collagraphs may also be printed Read More …

RBI holds rates, sees inflation rise

The monetary policy committee (MPC) of the Reserve Bank of India decided to keep the repo rate unchanged at 6%, for the second consecutive meeting, while maintaining its neutral stance. This means banks are unlikely to revise their home or car loan rates anytime soon. While observing that moderation in Read More …

Strategy on Resource Efficiency

NITI Aayog in collaboration with the European Union delegation to India have released the Strategy on Resource Efficiency at a function in the capital.  The report included in action plan for promoting resource efficiency in India.  It adds that sustainability is a global priority and SDGs commitment and 11th Five Read More …

South Asia Economic Summit

The 10th South Asia Economic Summit (SAES) was held at Kathmandu. The theme of three day summit is “Deepening Economic Integration for Inclusive and Sustainable Development in South Asia”. The summit was organised by National Planning Commission and Ministry of Commerce of Nepal and South Asia Watch on Trade, Economics Read More …

All about Cryptocurrencies

Why the interest in virtual currencies? Bitcoin saw its value trading at above $10,000 (about Rs. 6.43 lakh) per bitcoin, up by about 900% from its value on January 1, 2017. At a time when the Indian government is in the process of determining the legality of cryptocurrencies, it is Read More …