Economy

The US Federal Reserve on Wednesday hiked its benchmark interest rate by 0.25 basis points as widely expected. This is the first time in nearly a decade that the US central bank has raised rates. The Fed’s move was being closely watched globally because it impacts financial markets and commodities. US …

Of late, there has been a great debate about how intolerant Indians (and specifically Hindus) are. Eminent personalities have returned their awards. The situation became grave when few people lost their lives. We witnessed heated discussions on television shows and also had heated discussions with friends and colleagues. Rallies and …

The Reserve Bank of India has extended the date for the public to exchange their pre-2005 banknotes till December 31, 2015. It had, in December 2014, set the last date for public to exchange these notes as June 30, 2015. Soliciting cooperation from members of public in withdrawing these banknotes …

The Finance Minister in his budget speech for the Union Budget 2015-16 made the following announcement: “One way to curb the flow of black money is to discourage transactions in cash. Now that a majority of Indians has or can have, a RUPAY debit card. I therefore, propose to introduce …

I have written about the benefits of this scheme to the citizens. This article is about the benefits / utilization of gold. As mentioned in my article “How does Gold monetization scheme work? Is it really useful?“, the banker issues gold certificate against collecting physical gold. This gold should find …

  Government of India has released the draft guidelines for its ambitious gold monetization scheme. Today’s headlines in the media said “Earn interest on your jewellery”. Interesting to hear this news, isn’t it? What if you could park jewellery sitting idle at home in a bank and earn interest on …

The Government announced the introduction of universal social security schemes in the Insurance and Pension sectors for all Indians, specially the poor and the under-privileged, in the Budget for the year 2015-16. The Atal Pension Yojana (APY), is one such pension scheme launched by the government recently.   Age of …

Direct Benefit Transfer (DBT) was the program launched by the Government of India in 2013, during the Congress led UPA government’s regime. This program aims to transfer subsidies directly to the people through their bank accounts. Read this article to know more about the scheme and its benefits.   It …

The budget session 2015 of the Parliament has begun on 20th April 2015 in Lok Sabha. It will commence on 23rd April 2015 in Rajya Sabha. The session will continue till 8th May 2015. During this session, the Government has lined up many Bills to be passed to accelerate the …

  Foreign Trade Policy (it is also called as ‘EXIM Policy) is a set of guidelines and instructions in matters related to the import and export of goods in India. Indian EXIM Policy contains various policy related decisions taken by the government in the sphere of Foreign Trade, i.e., with …