Category: Economy
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India’s Great Economic Package of ₹20 Lakh Crore for Atma Nirbhar Bharat
India continues its fight against the COVID-19 pandemic with a nation-wide lockdown. PM Narendra Modi, in his typical style, came on national TV at 8 PM on 12th May and announced his “Atma Nirbhar Bharat” (self-reliant India) plans to tackle with the slowdown and prepare India for future growth. PM Modi announced that an economic…
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Why Real Estate prices never go down and always keep rising?
Introduction Real estate is a highly leveraged market. Now that’s a pretty complex sounding statement to start an article with. Worry not, let’s break it down and as usual try to keep things as simple as possible. By now you must have heard it from everyone (read your family members) that real estate is the…
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Indian Unicorn Startups – Led by Chinese Funding
What is an Unicorn startup? First things first, for those of you who have heard the term “unicorn startups” but don’t know its meaning, here it is – Unicorns are privately held startup companies which are valued at $1 billion (₹7,500 crore) or more. The term “unicorn” was coined in 2013 by venture capitalist Aileen…
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What is the role of Reserve Bank of India (RBI) in Indian Economy?
Overview From time to time, we read and watch news about the Reserve Bank of India (RBI) implementing some policies, increasing or decreasing some complex sounding rates, the RBI Governor talking about how inflation is rising, etc. Occasionally we might also hear a friend from finance background talk about how the latest act of RBI…
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USD vs INR Historical Exchange Rates for last 70 years (1947 to 2020)
The Great American Dollar ($) The official currency of the United States of America, the US Dollar ($) is an universal symbol of money and is one of the most recognized symbols worldwide. USD is the most powerful currency in the world right now and it has been so for many decades now owing to…
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Yes Bank placed under Moratorium by RBI – What Next?
Today, the 5th of March, 2020 was an eventful day for Yes Bank and all its stakeholders including depositors, shareholders, investors, lenders, creditors, etc. At the end of the day RBI placed the bank under a moratorium for a period of 30 days. Timeline of events (05-Mar-20) So before we discuss our outlook, let’s go…