Geopolitics and Trump makes crude producers happy

After a gap of nearly three and a half years, Brent oil crossed $80/barrel; bringing back celebration time for the OPEC and other oil...

What is the new Classification of MSMEs?

How MSMEs are classified?The government has given a new turnover based classification of MSMEs in February 2018. As per this new classification, the MSMEs...

What is Banking Ombudsman Scheme?

The Banking Ombudsman Scheme was implemented by the RBI to redress the complaints of customers on certain types of banking services provided by banks...

What is Fugitive Economic Offenders Bill 2018?

The Union Cabinet has approved a Bill – Fugitive Economic Offenders Bill 2018 to bring economic offenders under the law. Main objective of the...

Government to seize the assets of hit and run defaulters

After Mallya, Modi, Jatin Mehta etc., created a loot of more than Rs 30000 crores of PSBs and thus tax payer’s money, the Cabinet...

Russia heats up the cold war; says it has untraceable nuclear...

The Russian President Vladimir Putin declared that his country is developing a supersonic anti-ballistic missile system that can’t be traced or intercepted by the...

Trump further tightens H1B Visa Policy

US President Donald Trump is imitating the Indian way to reject something - add paper works. His latest policy on H1B Visas to the...

What is Middle-Income Trap?

The Economic Survey 2018 (volume I) makes a theoretical examination of India facing a Late Convergence Stall and the risk of falling into the...

The Classic game: How tax payers’ money is used for financing...

The Nirav Modi fraud appeared when India’s Public-Sector Banks are struggling with nearly 10 lakh crores worth of stressed assets. Several of the government...

PNB reports fraudulent transaction of Rs 11400 crores

Read More: What is Punjab National Bank’s LoU fraud?The Indian banking sector fails to produce good news. Latest is that-  one of the NPA...

RBI toughens Resolution norms for stressed assets

The Reserve Bank of India (RBI) has brought a new Resolution time table for stressed assets under which banks have to start Resolution Plan...

PSBs in full-swing cleaning up mode as write-off goes up

Trends in NPA write off by Public Sector Banks shows that the government owned banks are correcting their balance sheets quickly. A total of...

RBI recognizes fresh inflation risks from MSP and global commodity prices

The RBI in its sixth bimonthly monetary policy statement upscaled inflation projection for April- September 2018, anticipating a host of factors including rising crude...

Global stock markets on correction; Japan follows the US

Global stock markets are on a downward correction mode as Japanese Nikkei is trading on early Tuesday with a loss of 1200 points or...

Why the Modicare need a big homework?

Touted as the largest health care support programme in the world, FM Arun Jaitely unveiled the National Health Protection Scheme (NHPS) in the budget...

Budget 2018: Food Subsidy is the star but may invite WTO...

The focus of the budget was the government’s politically rewarding move to make an MSP policy of giving the procurement price of 1.5 times...

Analyzing Budget 2018: Ten interesting features of the budget

A budget can be evaluated from several angles, giving differential weights to each goal. The 2018-19 budget presented by Finance Minister Arun Jaitley is...

Jaitley goes acrobatic: mixes populism, misses fiscal ground

The general budget for 2018-19 emerges as one of the most populist budget in recent times with the theme focusing on agriculture social sectors....

Virtual ID for Aadhaar

The UIDAI released the concept of a temporary, 16-digit Virtual ID (VID) that can be used by Aadhaar card holders for authentication purposes. In...

Shale powers US oil output to the highs of 1970

The US shale industry seems to be responding to the recent surge in crude prices. As per the latest data released by the US...