The U.S. Challenges Global Confidence in the Dollar Sub: Economy Sec: External Sector The United States has recently undertaken several actions that some argue could undermine the global dominance of the dollar as the world’s reserve currency. This includes high-profile legal cases, an increasing use of sanctions, and accumulating significant debt. Despite these […]
RBI Maintains Status Quo, Raises FY25 GDP Growth Forecast to 7.2% Sub: Eco Sec: Monetary Policy Key Highlights: Policy Repo Rate: The Reserve Bank of India (RBI) decided to keep the policy repo rate unchanged at 6.5%, with a majority vote of 4:2. Monetary Policy Stance: The RBI continues with the stance of […]
Sticky inflation: Why is RBI refusing to cut interest rates? Sub: Eco Sec: Monetary Policy Context: The Reserve Bank of India (RBI) unveiled its latest bi-monthly monetary policy review and for the eighth time in a row RBI decided that it would not change the benchmark policy rate. More on news: The repo […]
SEBI Expands Promoter Definition for IPO-Bound Companies Sub: Economy Sec: Capital Market Introduction: The Securities and Exchange Board of India (SEBI) has expanded the definition of promoters for companies preparing for an initial public offering (IPO). This move aims to enhance transparency and accountability in the listing process. Current SEBI Regulations: Definition of […]
ECB Cuts Interest Rates Amid Inflation Concerns Sub: Economy Sec: Capital Market The European Central Bank (ECB) has initiated its first interest rate cut since 2019, reflecting progress in tackling inflation while acknowledging that the fight against inflation is far from over. Key Details: Interest Rate Cut: The ECB reduced its deposit rate […]
Does Inequality Lead to Growth? Sub: Economy Sec: National Income Tag: Inequality Lead to Growth The relationship between inequality and economic growth is complex and debated. Incentives for Entrepreneurship: Some argue that inequality incentivizes entrepreneurs to start businesses, boosting employment and welfare. However, evidence shows that inequality can have several harmful economic effects. […]