Minister of Finance & Corporate Affairs, Mrs. Nirmala Sitharaman tabled the Economic Survey 2018-19 in Parliament today. With the theme of Shifting Gears and “Blue Sky” policy-making, India aims to achieve a sustained growth rate of 8% to become a $5trillion economy by 2025.
By Abraham Mathew Valliyakalayil The world GDP stood at nearly 74 trillion in 2015. The worth of the world bond markets was 100 trillion. Where was India at that time? This article attempts to juxtapose the Indian bond market with that of the world. Indian debt market is just 17% of its GDP as compared […]
By Garima Singhal & Vishnu Pillai INTRODUCTION Reserve Bank of India’s bimonthly report in March revealed that the deposit growth in the fiscal year 2015-16 has slipped to 9.9%, the lowest in the last five decades. India is an economy, which is considered as saving centric, and the country’s banking system provides the depositor with one […]
By Payal Sachdeva The concept of “Negative interest rate” was flourished after 2008 financial crisis when all other means to reinvigorate the economy had been exhausted. It is a monetary policy tool employed by central banks to combat deflation. This tool was first adopted by Sweden’s central bank in July 2009 when the overnight deposit […]
By Sachit Modi On August 9, 2016, Dr. Raghuram “Rockstar” Rajan, who is set to end his 3-year term on September 4, released his last monetary policy review. The RBI Governor, who has reduced the benchmark policy rate by 1.5% since January last year, decided to keep it static in his final review, owing to […]
By- Nayan Saraf In December 2015, RBI introduced the guidelines in computing interest rate based on marginal cost of funds called Marginal Cost of Funds based Lending Rate (MCLR), to replace the base rate for bank lending, from 1st April, 2016. Previously, the bank loan rate was calculated as base rate + spread. The base […]