EXPLAINED ECONOMICS NEWS - Page 44

The rules also provide that if lenders, the concerned regulatory body or investigative agency fail to furnish the NOC within 60 days of receiving an application, it may be presumed that they have no objection to the proposed transaction. (File photo)

With eye on defaulters, Centre tweaks overseas investment rules: The changes, explainedSubscriber Only

August 23, 2022 17:39 IST

The Finance Ministry said these norms make it easier for domestic corporates to invest abroad. What are the tweaks in overseas investment norms?

Explained: CBDC, the ‘digital rupee’ that RBI could introduce this year, and how it will helpSubscriber Only

August 23, 2022 19:45 IST

According to the RBI, “CBDC is the legal tender issued by a central bank in a digital form. It is the same as a fiat currency and is exchangeable one-to-one with the fiat currency."

Research shows that it is best to focus on achieving a mix of public and private banks that serve the needs of a diverse economy such as India. (Express File Photo by Partha Paul)

ExplainSpeaking: How should public sector banks be privatised?Subscriber Only

August 22, 2022 23:37 IST

In the Union Budget 2021-22, the government announced its decision to privatise two public sector banks. Are private banks more efficient than public sector banks? And should the government follow a cautious and gradual approach to privatise banks or a wholesale, rapid approach? We explain

As per official NPCI data, in July, there were 628.84 crore UPI transactions representing a value of Rs 10.63 lakh crore. (File Photo)

UPI payment charges explained: Why FinMin had to clarify there’s no move to levy feeSubscriber Only

August 22, 2022 19:57 IST

Terming UPI services as a "digital public good", the Finance Ministry stepped in on Sunday to clarify that the concerns for the service providers for cost recovery have to be met through other means.

The 18 per cent rally in the benchmark indices at the BSE and NSE since June 17, coming on the back of sharp FPI flows and a revival in investor sentiment, have encouraged merchant bankers to line up issues. (Express Photo: Ganesh Shirsekar)

Explained: What investors should look out for before putting money in an IPOSubscriber Only

August 19, 2022 07:14 IST

With foreign portfolio investors (FPIs) making a strong comeback — the benchmark Sensex has reclaimed the 60,000 mark — merchant bankers have lined up public issues to take advantage of bullish domestic retail and FPI investor sentiments.

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Syrma SGS Technologies IPO: Why has the public offer got a good response?Subscriber Only

August 18, 2022 14:21 IST

Syrma SGS Technologies IPO, GMP Today: The IPO was subscribed 2.27 times Wednesday. Its public offer received bids for 6.48 crore equity shares against the IPO size of 2.85 crore shares, as per the data available on exchanges.

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Explained: What are the factors driving the increase in milk prices?Subscriber Only

August 18, 2022 08:26 IST

Amul and Mother Dairy have raised their prices of milk, and several other dairy companies across the country have signalled that they would follow suit. Why are milk prices increasing?

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Explained | The Digit Insurance IPO: promoters, performance, and concernsSubscriber Only

August 18, 2022 13:27 IST

IPO, Digit Insurance IPO Explained: Unlike other new-age companies like Zomato or Paytm, Digit Insurance is a startup in the general insurance space that is full of older, more established corporations.

A milk tanker is filled at the Amul dairy plant in Anand, Gujarat. (Express Photo: Nirmal Harindran, File)

Explained: Why has Amul raised the price of milk? Will prices rise even more?Subscriber Only

August 18, 2022 08:25 IST

Amul, Mother Dairy milk price hike: Input costs have gone up because the heavy rain has resulted in lower yields of green fodder, say dairies. Transport, logistics, manpower, and energy costs are up too. And many animals are falling sick.

Explained: Milk price hiked; where in India is milk the cheapest now — and why?Subscriber Only

August 17, 2022 00:13 IST

Bengaluru is the city where you can get milk cheaper than anywhere else in the country. What started out as an incentive for Karnataka’s dairy farmers 14 years ago has ended up as a subsidy for milk consumers in Bengaluru.

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Explained: Ola likely to launch an electric car in 2024, here’s what we know about itSubscriber Only

August 16, 2022 13:44 IST

Ola founder and CEO Bhavish Aggarwal has said the company will likely debut its first electric car in 2024. What do we know about the vehicle? How have Ola Electric's vehicles performed in the market?

Data shows that the incomes of the poorer half of India have barely improved over three decades in comparison to the incomes of the top half. (Express Photo by Vishal Srivastava)

ExplainSpeaking | India at 75: 11 charts to understand how far India has come and how far it needs to go stillSubscriber Only

August 17, 2022 09:30 IST

As India celebrates 75 years of Independence, we take a look at the country's performance along several variables like GDP, average income, human development index and more

Even in times when the economy was surrounded by negativities, Jhunjhunwala maintained a positive view on the fundamentals of the economy, and propagated it widely. (REUTERS, file)

Explained: How Rakesh Jhunjhunwala built a new investment narrative in IndiaSubscriber Only

August 15, 2022 19:46 IST

Rakesh Jhunjhunwala's success nudged small investors towards equities, which was crucial for the growth of the economy. He always spoke his mind, and was the eternal optimist who gave investors hope and a long-term perspective.

Despite the easing of inflation in India and the July softening in the US, both RBI and Fed officials have maintained that price pressures continue, and that there could be more rate hikes in line with inflation levels. (Reuters/File)

Explained: Inflation softening, what now?Subscriber Only

August 14, 2022 11:53 IST

US inflation cooled unexpectedly in July, boosting markets around the world. The worst may be over, but the RBI and Fed remain cautious. Investors can look at equities, but a staggered approach is advisable

A branch of Rupee Cooperative Bank in Pune's Shivajinagar. (Express Photo: Oshwin Kadhao)

Explained: RBI has ordered Pune’s Rupee Cooperative Bank to shut down; what happens to depositors now?Subscriber Only

August 12, 2022 03:42 IST

The Reserve Bank of India has cancelled the banking licence of Pune-based Rupee Cooperative Bank, and directed the Registrar of Cooperative Societies to liquidate it. What does it mean for its 5 lakh depositors?

US consumer prices did not rise in July from the month before due to a sharp drop in the cost of gasoline, delivering the first notable sign of relief for Americans. (AP, file)

Explained: Is global inflation nearing a peak?

August 14, 2022 11:53 IST

China, US inflation data bring relief; commodities are less expensive but not for all; core inflation seems to have peaked but wages rise.

With this, India joins a list of over 60 countries that have regulations on sharing of advanced passenger information with Customs and border control authorities. (Express Photo: Pradip Das, File)

Explained: Flying abroad, why Customs wants your PNR dataSubscriber Only

August 11, 2022 12:11 IST

Airlines have been asked to share 19 passenger data points with authorities such as date of travel, contact details, and payment and billing information. What is the objective of collecting such details? Are there norms when it comes to sharing passenger info?

The spike in the trade deficit has been one of the key reasons why the rupee has lost value against the US dollar. In pic, ships unload containers at the Jawaharlal Nehru port. (Express File Photo by Prashant Nadkar)

ExplainSpeaking: What RBI’s surveys tell about India’s economySubscriber Only

August 10, 2022 09:45 IST

We take a look at the seven surveys conducted by the RBI, ranging from consumer confidence to GDP growth expectations, and what they tell us about the state of the Indian economy.

Vadodara Congress workers protest in front of collector’s office against the imposition of GST on garba events. (Express Photo)

Explained: The row over 18% GST on Navratri garba events in GujaratSubscriber Only

August 6, 2022 14:43 IST

A controversy has broke out over the imposition of 18 per cent Goods and Services Tax (GST) on garba passes this year. Why has GST not been levied so far? What are the GST rules for entertainment/commercial events, which garba has now been counted under?

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Explained: How will IndiGo’s three-door disembarkation process work; how will it help the airline and its passengers?

August 6, 2022 08:02 IST

Passengers on certain IndiGo flights will be able to leave the aircraft through three — instead of the usual two — doors. IndiGo says this will make the process faster.

Explained: The RBI’s latest round of rate hike, and how it will impact your loan EMIsSubscriber Only

August 6, 2022 09:24 IST

RBI Repo Rate Hiked: Inflation has peaked and is expected to soften — but there are a range of global challenges to negotiate. Monetary policy has to, therefore, act, Governor Shaktikanta Das said

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Explained: What Axis Bank’s acquisition of Citi consumer businesses will mean for customers, investorsSubscriber Only

August 6, 2022 08:29 IST

Axis Bank-Citibank deal explained: Axis Bank is acquiring Citibank’s consumer businesses for Rs 12,325 crore. How will it impact the customer? And how will it benefit investors in Axis Bank?

Union Finance Minister Nirmala Sitharaman speaking to media after 47th GST Council Meeting in Chandigarh on Wednesday, June 29, 2022. (Express photo Jasbir Malhi)

Explained: What lowering of e-invoicing turnover threshold under GST to 10 crore from Oct 1 seeks to achieveSubscriber Only

August 4, 2022 12:12 IST

The turnover threshold for e-invoicing has been halved to Rs 10 crore effective October 1 this year under the Goods and Services Tax (GST) regime. What does this signify?

Sajjid Chinoy at an Explained event in New Delhi. (Express Photo: Praveen Khanna, File)

Sajjid Chinoy: No free lunch when hit by global shock; defending Rupee has its tradeoffsSubscriber Only

August 3, 2022 08:36 IST

Sajjid Chinoy said with every one rupee depreciation of the dollar-rupee rate, inflation picks up by 8-10 basis points and even though the pass through effect of the exchange rate movement on inflation is higher than expected, it is not completely driving the inflation rate.

A total of 51.2 GHz of spectrum was sold of the total 72 GHz that was up for grabs – close to 71%.

Explained: As the 5G spectrum auction concludes, who bought what bands and why?Subscriber Only

August 2, 2022 18:14 IST

5G auction: How much spectrum was bought by the applicants? How did Jio, Airtel, Vodafone Idea and the Adani Group bid? How competitive was the bidding? What next?

More trouble for doctor accused in Madhya Pradesh cough syrup deaths, police zoom in on his ‘family’s pharmacy’

Cough syrup deaths: CAG flagged shortfall in Tamil Nadu drug tests last year

India2 hr ago

Between 2016-17 and 2020-21, the drug regulator in Tamil Nadu consistently fell short of its targets, with inspectors conducting about 61% of scheduled drug inspections and collecting roughly 49% of the samples required for quality testing.

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