Category: Economy & Banking

As of January 1, 2025, the Reserve Bank of India (RBI) has implemented regulation requiring lenders to update credit bureau records every 15 days. This change aims to enhance the accuracy and timeliness of credit score calculations, reflecting borrowers’ financial activities more promptly. Previously, updates occurred monthly, which often delayed the representation of loan repayments…

Recent trends indicate that meeting Budget Estimates (BE) for Corporate Tax (CT) and Union Excise Duty will be challenging. The Union Budget for Fiscal Year 2025-26 is set to be presented on February 1, and revised figures for these levies will be disclosed. The Income Tax Department has reported an actual growth rate in net…

Recent analysis reveals changes in income inequality in India, particularly following the challenges posed by the Covid-19 pandemic. A working paper from the People Research on India’s Consumer Economy (PRICE) indicates that while there has been a slight recovery in income distribution, substantial wealth concentration persists among the highest earners. This situation marks the need…

In January 2025, New York City became the first city in the United States to implement congestion pricing. This initiative aims to alleviate traffic congestion in densely populated areas. Drivers entering Manhattan’s central business district will incur a fee of $9 during peak hours. In 2023, NYC experienced traffic delays, ranking among the most congested…

In December 2024, the Indian rupee reached a record low of 85.81 against the U.S. dollar. This decline marked a 3% depreciation over the year, continuing a long-term trend. Various factors contribute to currency depreciation, primarily involving supply and demand dynamics in the foreign exchange market. Currency Value Determinants The value of a currency is…

The Competition Commission of India (CCI) has made strides in regulatory efficiency, particularly in the realm of mergers and acquisitions (M&A). The Annual Report for FY 2023-24 revealed that the average clearance time for mergers is now just 16 days. This marks a notable improvement from previous years and reflects CCI’s dedication to maintaining a…

Drug-resistant infections present challenge to healthcare systems. A recent study by the Indian Council of Medical Research (ICMR) reveals that these infections not only prolong hospital stays but also increase treatment costs by an average of 33.1%. This research marks the economic burden faced by families and the healthcare system in India, particularly in both…

The Government of India has established a committee to update the base year for the Wholesale Price Index (WPI), aiming to enhance the accuracy of factory-gate inflation measures. This initiative reflects structural changes in the economy since the last update in 2011-12. The 18-member panel, led by Ramesh Chand of NITI Aayog, is tasked with…

The Government of India has recently decided to update the base year for calculating Gross Domestic Product (GDP) from 2011-12 to 2022-23. This change aims to provide a more accurate representation of the current economic landscape and enhance policy formulation. The revision reflects shifts in economic activity, consumption patterns, and industry developments over the past…

BEML Ltd has recently revealed the BD475-2 Dozer, marking a milestone in India’s engineering capabilities. This crawler dozer, the largest and most advanced in the country, showcases India’s commitment to self-reliance in manufacturing. Key Specifications The BD475-2 Dozer is powered by a robust 950 HP Cummins QST30 engine. Weighing 100 tons, it delivers exceptional performance…