THE INSURANCE Regulatory and Development Authority of India (IRDAI) claims the proposed Bima Sugam is a "game changer" and an "UPI moment" for the insurance segment with ambitions of becoming the largest online market for insurance products and services which has not been practiced anywhere...
Why are emerging market economies such as China, India and Brazil also seeing a growth in debt? Global debt rose to an all-time high of $307 trillion in the second quarter, by the end of June 2023, the Institute of International Finance (IIF) said in a...
THE RESERVE Bank of India (RBI) Thursday proposed that lenders should classify a borrower as a "wilful defaulter" within six months of their account being declared a non-performing asset (NPA). It did not earlier have a specific timeline within which such borrowers had to be...
The G20 summit, three predictions: ►Prime Minister Narendra Modi would remove the last obstacles. ►Indian diplomats would craft a communiqué on which a consensus would be reached. ►The Indian presidency would be seen as a turning point in G20 history The first two of these predictions have come true....
LEADERS OF Brazil, Russia, India, China and South Africa took a call last week to expand the BRICS grouping from five countries to 11. The Johannesburg declaration, issued after the summit, said Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates (UAE) had been...
China's credit demand improved, deflationary pressures eased and the yuan rallied, adding to a recent trickle of signs that the economy and financial markets may be sta- bilizing after a sharp downturn. The strong credit data published Monday showed recent steps to bolster the real estate...
What type of biofuel is the alliance going to concentrate on? Why are countries trying to find alternatives? On September 10, on the sidelines of the annual G-20 summit in New Delhi, an India-led grouping came together to give impetus to the production and use of...
Gresham's law refers to the dictum that "bad money drives out good." Gresham's law comes into play when the exchange rate between two moneys or currencies is fixed by the government at a certain ratio that is different from the market exchange rate. Such price...
Eyeballs' are prized as curren cy in media, including in Wes- tern media where also geopo- litical critique is a mainstay Particularly for anti-India. commentary This fascination isn't simply due to India's rise and complex cultural, political and economic lands- cape. It's also about marketability...
The India-West Asia-Europe Corridor opens up huge opportunities, but it shouldn't remain just on paper THE PROSPECT OF building mega cross-country infrastructure that would help boost India's merchandise trade sounds exciting. The proposed India-West Asia-Europe Corridor is an ambitious move that will enhance India's connectivity with...