EXPLAINED ECONOMICS NEWS - Page 41

The International Monetary Fund (IMF) is reported to have said that the new UK Budget would likely “increase inequality” in Britain and could undermine the monetary policy. (File)

The mess in the UK economy, and why the govt is being blamed for itSubscriber Only

October 20, 2022 18:15 IST

The Truss-Kwarteng 'mini-Budget' provides tax relief but does so at the cost of increased government borrowings. This has spooked the investors because they do not find the government's growth plan credible

According to industry estimates, in the last five years, e-commerce platforms have derived almost a fifth of their annual gross merchandise value (GMV) from the week-long festive sale periods.

Why festive sales are likely to bring cheer for e-tailersSubscriber Only

September 27, 2022 07:27 IST

Two of the country’s biggest e-commerce platforms, Flipkart and Amazon, have their flagship sales — Big Billion Days and Great Indian Festival, respectively — ongoing since September 23.

By law, retail inflation can deviate from 4% but not breach the 2% to 6% comfort zone. In pic, sellers line up at a vegetable market. (Express file photo by Narendra Vaskar)

ExplainSpeaking: Why RBI is likely to cut GDP growth forecast and raise interest ratesSubscriber Only

September 27, 2022 09:14 IST

Six percent is emerging as the key macro number to watch out for in the lead up to the next general elections in 2024. The RBI cannot allow inflation to soar above it and the government cannot allow the GDP growth rate to fall below it.

The Centre, under section 45ZA of the RBI Act, 1934, has fixed the CPI inflation target at 4% with an “upper tolerance limit” of 6%.

RBI, inflation targeting, and the limits of monetary policySubscriber Only

September 25, 2022 22:55 IST

Food and beverage items have a combined 45.86% weight in the overall CPI. The RBI is supposed to be accountable, but it can't win the inflation battle without the government — whether it likes it or not

What banking system liquidity going into ‘deficit mode’ meansSubscriber Only

September 24, 2022 12:12 IST

A tight liquidity condition could lead to a rise in the government securities yields and subsequently lead to a rise in interest rates for consumers too.

New account settlement system from October 1: what changesSubscriber Only

September 23, 2022 11:19 IST

The market regulator mandates stockbrokers to settle i.e., transfer the available credit balance from trading account to bank account, at least once in a quarter (90 days) or 30 days. What changes under the new guidelines?

What US Fed’s latest rate hike means, and what to expect in the futureSubscriber Only

September 23, 2022 19:01 IST

With the US Federal Reserve set to hike rates further, outflows from emerging markets are likely to continue, putting pressure on the currencies and markets in countries such as India.

Last year, the Tata Group won a bid to own 100 per cent in Air India by paying Rs 18,000 crore to the Centre. (Express Photo: Anil Sharma)

How the Tata Group’s airline merger plan will unfoldSubscriber Only

September 23, 2022 19:02 IST

The Tata Group will consolidate its entire airline business by 2024. Here's how it will merge its four airline companies.

Launched by PM Modi, what does the National Logistics Policy aim to achieve?Subscriber Only

September 23, 2022 18:55 IST

National Logistics Policy: Logistics broadly includes facilities crucial to trade. It accounts for 13 to 14% of India’s GDP, almost double of what the costs are in developed countries.

The US Dollar index, which measures the dollar against the euro, yen and other major currencies, has climbed more than 14% this year. (AP Photo/File)

How the strong US dollar can affect everyone

September 20, 2022 13:15 IST

The dollar's rise affects nearly everyone, even those who will never leave the US borders. Here’s a look at what’s driving the US dollar higher and what it can mean for investors and households.

PM PRANAM, PM PRANAM scheme, What is PM PRANAM, PM PRANAM explained, Indian Express

What is the PM PRANAM scheme, likely to be introduced by Govt soon?Subscriber Only

September 20, 2022 13:28 IST

The Centre plans to introduce a new scheme – PM PRANAM, which stands for PM Promotion of Alternate Nutrients for Agriculture Management Yojana. What is this scheme, and why is it being introduced now?

"I want to hear from the Indian Inc. ‘What’s stopping you?’ When countries and industries abroad think this (India) is the place to be, now, at this time," Nirmala Sitharaman said. (PTI/File)

ExplainSpeaking: Why is Hanuman not flying?Subscriber Only

September 20, 2022 16:38 IST

Notwithstanding a historic cut in corporate tax rates, investments (as a percentage of GDP) have remained stagnant in the past eight years. By contrast, investments contributed handsomely during the 10 years of UPA rule, notwithstanding the Global Financial Crisis.

Since October 29, 2021, the rupee has depreciated hardly 6% (from 74.94 to 79.69 to the dollar), and the RBI’s repo rate has gone up only 140 basis points. (Image: Pixabay, representational)

Be it forex or food, having a war chest helps in difficult timesSubscriber Only

September 20, 2022 13:17 IST

Accumulating large reserves of forex and food has helped India immensely. There is a cost to stockpiling — but that is similar to spending on defence and a standing army, and its utility is proven only in times of economic crises or war. The country, however, remains vulnerable to uncertainties around the third ‘F’: fuel.

when RBI wants to promote growth, it reduces interest rates, thus giving a boost to credit-driven consumption and production. (File Photo)

What explains the divergence between the RBI and govt on monetary policy?Subscriber Only

September 18, 2022 15:45 IST

The core policy concern is what to prioritise: economic growth or controlling price rise. The latter cannot be done without hurting the prospects of the former. The Govt wants high growth as elections approach, but the RBI must, by law, act to check rising prices

Indian markets, after a nearly 2 per cent decline at opening, soon recovered — and closed with a marginal 0.35 per cent decline.

Understanding the resilience of the Indian marketsSubscriber Only

September 16, 2022 14:39 IST

Earlier this week, in a rare instance, a fall of nearly 4 per cent in the benchmark index in the United States had nil or negligible impact on Indian markets and investor sentiments. What is providing resilience to Indian markets?

The financial declarations of Byju’s came after an apparent delay in signing off the results by auditor Deloitte, which had raised compliance related issues at the start-up.

How Byju’s losses rose to Rs 4,500 crore in delayed FY21 resultsSubscriber Only

September 16, 2022 12:29 IST

Byju's losses rose 17-fold to over Rs 4,500 crore in the financial year ending March 2021, which was considered as a peak time for adoption of online education owing to the shuttering down of schools and educational institutions owing to the pandemic.

Buy now, pay later loans allow users to pay for items such as new sneakers, electronics or luxury goods in installments. (AP Photo/Charles Rex Arbogast, File)

Buy now, pay later: how it works, who should use it

September 15, 2022 13:19 IST

Buy now, pay later: Companies like Afterpay, Affirm, Klarna, and Paypal all offer the service. Apple is due to enter the market later this year. So, how does it work, and who should use it?

Vedanta and Foxconn signed an MoU with the Gujarat government on Tuesday. (Twitter/@Bhupendrapbjp)

Here’s how Gujarat pipped Maharashtra to win Vedanta-Foxconn’s $22 billion projectSubscriber Only

September 15, 2022 08:16 IST

Vedanta has partnered with Foxconn through a 60:40 joint venture to set up an integrated display and semiconductor fabrication ecosystem. Maharashtra was confident on getting the project after advanced stages of discussions between the JV and state leadership.

Sensex at BSE fell by over 700 points at the market opening on Tuesday. (Express Photo/File)

Sensex opens over 700 points lower, why are markets in the red?

September 14, 2022 10:40 IST

Dow crashes 3.9% on inflation woes; Indian markets holding with a fall 1%

Job seekers at a job mela in New Delhi. (Express Photo: Tashi Tobgyal, File)

Why is India’s August unemployment rate the highest in the past 12 months?Subscriber Only

September 15, 2022 09:47 IST

There is a significant variance in the unemployment rate across states. Haryana, J&K and Rajasthan have the highest levels of unemployment rate — each with over 30% of the unemployment rate.

Air India said its new aircraft will enter service from late 2022. (Reuters Photo: Jennifer Gauthier)

The significance of Air India’s first major fleet expansion under the TatasSubscriber Only

September 13, 2022 11:22 IST

Over the next 15 months, Air India plans to induct 30 new aircraft, upgrading and modernising its fleet. Here’s a look at the new planes it will bring in and the routes they will be deployed on

Why several Asian economies brought in agri export curbs in 2022

September 13, 2022 08:18 IST

India has imposed restrictions on exports of rice, wheat and sugar.

The G7’s price cap on Russian oil begins to take shape

September 12, 2022 17:31 IST

Russian crude is priced at a discount to the international Brent benchmark and the G7 wants to keep that spread wide, to keep down Russian oil revenue.

India’s HDI score of 0.633 is not only a long way away from the top-ranking scores — Switzerland is ranked 1 with a score of 0.962 — but also below the global average. (Express/ File photo)

ExplainSpeaking: How to read the latest Human Development ReportSubscriber Only

September 12, 2022 09:14 IST

The Human Development Report for 2022 details six different human development indices. Here's how India performed on each one of them.

What government curbs on exporting rice mean for India and the worldSubscriber Only

September 15, 2022 12:15 IST

The curbs announced will affect just under half of India’s rice exports in terms of quantity and over a third by value.

H-1B $100,000 entry fee explained: Who pays, who’s exempt, and what’s still unclear?

Explained2 hr ago

The White House's decision to impose a $100,000 entry fee on H-1B visa holders has sparked worry among Indian tech workers and students. While uncertainties remain about its implementation and exemptions, major tech companies have cautioned employees against traveling. The policy could lead to a shift towards other visa categories and potentially change the STEM immigration pipeline.

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