A new ecosystem based on loan apps has mushroomed across India’s financial landscape over a decade, preying on those abandoned by the formal banking sector. The Reserve Bank of India (RBI) recently imposed a...
The Spring Meeting of the World Bank and IMF, held from April 15-20, marks the commencement of celebrations for the 80th anniversary of the Bretton Woods Conference, aimed at rebuilding the world in the...
A recent settlement by the National Company Law Tribunal (NCLT) , Mumbai Branch on December 19, 2023 had approved a resolution plan in respect of Reliance Communications Infrastructure Ltd. (RCIL), a wholly-owned subsidiary of...
Our country has a debt of $21.23 trillion (Rs.155.77 lakh crore in March 2023) estimated to increase to Rs.172.50 lakh crore by March 2024. IMF has projected it to reach 100% of GDP by...
The 18th G20 Leaders’ Summit, under India’s Presidency, concluded with the adoption of the New Delhi Declaration. In the backdrop of the war in Ukraine and a “new cold war” between the US and...
An RTI enquiry has revealed that the bad loans of banks are spiking like never before. The answer from RBI reveals that compared to FY 2004 to FY 2014, the last 9 years were...
While the mainstream media covers the turmoil in Sri Lanka as something that is unfolding on a day to day basis, what is lost out is the long term trajectories that have precipitated the...