LATEST ARTICLES

What is the government vs RBI conflict on capital transfer?

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The government and the RBI are in an intense tussle over the use of the central bank’s ‘excess capital’. The following questions and answers try to reveal the nature of the conflict between the...

Government to set capital reserve norms for the RBI

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In the continued tussle over the use of RBI’s reserves for fiscal purposes, the Economic Affairs Secretary Subhash Chandra Garg hinted that the government is thinking about a ‘capital framework’ for the central bank.The...

What is Generalized System of Preferences (GSP)? What is its significance in India-US trade?

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The withdrawal of the GSP by the US on imports from developing countries is an important trade development. Advantage of is that it allows a preferential rate of zero/low concessional tariff on imports from...

US starts to revoke GSP; hitting India’s exports

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The Trump administration is converting its threatening into action on trade front. In the latest step, it has started withdrawing of the 44-year-old trade and development support scheme to the developing countries – popularly...

Governor calls RBI Board as government threaten to invoke unused section on RBI affairs

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The rising tension between the Finance Ministry and the RBI is to be settled soon as the RBI Governor Urjit Patel has called Director Board meeting on November 19th to discuss the contentious issues...

The Government vs RBI conflict- real story

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The Government vs RBI conflict- real storyIn recent weeks, there is an agonizing trend of conflict between the government and the RBI. The RBI is accountable to the government through various constitutional provisions and...

Dear Government, take your hands off the RBI

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The attempt of the bureaucracy to grab the regulatory powers of the RBI through government cover is coming to a street battle type end. Amidst report that the RBI governor Urjit Patel is moving...

What is a currency swap agreement (India -Japan)?

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The word swap means exchange. A currency swap between two countries is an agreement or contract to exchange currencies (of the two countries or any hard currency) with predetermined terms and conditions.Often the popular...

WTO appoints dispute panel on India’s export incentives after US complaint

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The WTO has appointed a dispute settlement panel to examine the complaints registered by the US against India’s export incentives. US complaint was referred to the Panel after the US-India consultation on the matter...

NCLT transfers IL&FS to a government board

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The National Company Law Tribunal has transferred the management of the debt-ridden NBFC- the Infrastructure Leasing & Financial Services (IL&FS) to an ad-hoc government appointed board. As per the government sources, the existing board...