RBI MPC Meeting April 2024 Highlights: RBI holds repo rate at 6.5% Subject: Economy Section: Monetary Policy Context: In the post monetary policy press conference, RBI Governor Shaktikanta Das said inflation is moderating and the GDP growth is robust.  Highlights Benchmark interest rate or repo rate kept unchanged at 6.5% GDP growth for […]

    RBI Directive for Currency Derivatives Subject: Economy Sec: Financial Market  RBI Directive for Currency Derivatives: Effective from April 5, all market participants, including Foreign Portfolio Investors (FPIs), must declare any underlying position in the currency derivatives market. This declaration is necessary even for a single lot, or else all positions must be squared-off. […]

    Basel III Endgame Subject: Economy Sec: Monetary Policy Basel III Endgame: Overview: The U.S. Federal Reserve has announced significant changes to a proposal for stricter bank capital requirements known as the “Basel III endgame.” What is Basel and Why is it Contentious: The Basel Committee on Banking Supervision, convened by the Bank for […]

    Japan’s economy recovers to full capacity, keeps alive BOJ rate hike prospects Subject: Economy Section: External Sector Japan’s economic output recovered to full capacity for the first time in about four years in the October-December quarter, a positive sign that may allow the central bank to raise interest rates again. What is output […]

    Path to Viksit Bharat: why India should target per capita, not aggregate GDP Subject: Economy Section: National Income China-India Comparison (1990): In 1990, China’s per capita GDP trailed India’s, with an overall GDP only 23% higher. Both ranked 11th and 12th by nominal GDP, showcasing comparable economic standings. China’s Accelerated Growth: China experienced […]