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Express Economic History Series
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In fact: How govts pledged gold to pull economy back from the brink
February 03, 2024 7:47 pm
In July 1991, the RBI pledged 46.91 tonnes of gold with the Bank of England and the Bank of Japan to raise $400 million but the government was quick to repurchase it months later as the situation improved.
Towards a less-cash, less-paper economy: RBI’s push for ATMs, electronic transfers
April 01, 2024 6:33 pm
Originally published on November 23, 2016: RBI’s Payments and Settlements System Vision 2018 now aims to ensure that a variety of electronic payments are cost-effective for both users and service providers.
Towards a less-cash, less-paper economy: RBI’s push for ATMs, electronic transfers
April 05, 2017 6:07 pm
RBI’s Payments and Settlements System Vision 2018 now aims to ensure that a variety of electronic payments are cost-effective for both users and service providers.
In fact: How Budgetmaking has changed, and how it may change again
April 05, 2017 6:07 pm
Real reform will come when, like in many other countries, the Budget is just a statement of receipts and expenditure, rather than the massive, secretive affair that it is in India now.
In fact: Decision at last minute, delay norm in picking RBI Governor
April 05, 2017 6:07 pm
There are many who back the idea of a transition to make the process smoother. But such an arrangement runs the risk of the incumbent Governor taking a back seat even when his tenure isn’t over.
GST Bill: From Jaswant Singh to Arun Jaitley, its 13-year journey
April 05, 2017 6:07 pm
Getting the GST law through this time is a reflection of “change with continuity” as Indian policymakers and politicians would say.
In fact: The crisis of the Chandra Shekhar months, borrowings and recovery
April 05, 2017 6:07 pm
In between 1991 and 1993, India borrowed $ 2.2 billion from the IMF under two standby arrangements, besides the $ 1.4 billion under the Compensatory Financing Facility in early 1991.
In fact: RBI head and crisis manager during 1991 BOP turmoil
April 05, 2017 6:07 pm
Venkitaramanan's advice essentially was that the economy was vulnerable and therefore, the political leadership ought to consider approaching multi-lateral lenders such as the International Monetary Fund for assistance or a loan.
SEBI and FMC: The story of a merger that took a dozen years
April 05, 2017 6:07 pm
The final merger of FMC and SEBI came when Finance Minister Arun Jaitley announced it in his 2015 Budget.
In fact: How India learnt to promote, and regulate, competition
April 05, 2017 6:07 pm
As early as 2002, the first expert group made the point that it was important to ensure that the competition legislation does not become anti-competitive.
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