India has emerged as a leader in the Financial Technology (FinTech) innovation and growing acceptance of its digital payments mark an important milestone in the global expansion of India’s digital payment system. The cross-border digital...
On 21 February 2023, Prime Minister Narendra Modi and Prime Minister Lee Hsien Loong launched the first payment linkage between India’s Unified Payment Interface (UPI) and Singapore’s PayNow, which opened a new chapter in cross-border FinTech...
Reserve Bank of India’s (RBI) decisive move to initially discount the growing promises and popularity of crypto currency in India is quite praiseworthy. In a highly uncertain, volatile and non-transparent global financial regime, adoption of cryptos...
Afghanistan
Envoys of Over 10 Countries Discuss Afghanistan at Moscow Format: Tolo News
Representatives and officials from more than 10 countries exchanged views on the Afghan situation in the "Moscow Format" meeting on Afghanistan that began on...
There are several firsts about Budget 2022-23. The first of the firsts is that this is the only Budget in recent memory when the finance minister’s speech was not disturbed even once. The usual shoutings for this or that segment, or for states were...
Back in March 2020, the Reserve Bank of India proposed an SBI-led restructuring package for the struggling Yes Bank by exercising a clause in a manner no one expected.1 The proposed restructuring entailed writing down of over Rs.8400 crores of...
Key Takeaways
On 07 August 2020 Confederation of Indian Industry (CII) and Vivekanand International Foundation (VIF) jointly organized a panel discussion on Indian Economy – Today and Future Prospects. The session deliberated on the following issues...
Its explicit intent is to provide for the deprived and disturbed through direct fiscal spend from the budget.
The Modi stimulus package is in three parts — direct government spend, bank credit, and rate cut and lending by RBI to banks. Modi’s...
Where there are six economists', said Winston Churchill quoting Barbara Wootton, “there are seven opinions or even more”. Churchill even chided the undoubtedly great economist John Maynard Keynes for giving him two opinions on every issue....
Economic
Coronavirus disproportionately affects women's health, finances
Among the clichéd role stereotypes, is that women are more responsible for children and the household, and perhaps care for older family members as well. According to UNICEF,...