CATEGORIES

Canara Banks reports 26.86% YoY growth in net profit, global business up by 9.87% YoY

Canara Bank's Net gained by 26.86% YoY in Q3 Cantareata Profit FY24.

A Tale of Two Economic Crises

The global financial crisis that unfolded between 2007 and 2009 did not only impact the financial sector but also extended its reach to banks worldwide.

"Prospects and Challenges: A Comprehensive Review of the Indian Economy"

The Ministry of Finance of the Government of India recently released a document titled 'The Indian Economy A Review' on January 29, representing a distinct departure from the traditional Economic Survey presented before the Annual Budget proposal.

IMF's Advice and RBI's Rebuttal

International Monetary Fund (IMF), under its Article IV of the Articles of Agreement, signed in 1944 by the original 29 member countries as well more by later, (now grown to 190) sends its staff, to its member countries for a threeweek visit annually for major economies, which contribute a sizeable proportion of world's GDP, and once in every two years for small economies.

Advanced economies losing steam

globally, advanced economies are facing a significant taking a toll on economic activities worldwide, as noted by the Organization for Economic Cooperation and Development (OECD).

A New Trade Regime: Russia-China Cooperation

The ongoing conflict between Ukraine and Russia has set in motion a significant shift in the global trade landscape, with Russia and China forging a stronger economic alliance. This burgeoning trade relationship between Russia and China has not only altered global political dynamics but also impacted trade relations between China and other countries.

Review Of Indian Nationalism

Religious mechanisms have contributed predominantly in setting, guiding, and spreading values, living style and culture along with the view and way of life. These have also remained the foremost in identifying national standards and people of a nation. They are still significant in this regard.

The Basics Of The Sanatana Dharma

The firm belief in the truth of inevitable interconnectedness of all movable-immovable and visible-invisible in the universe, thus Universal Unity, and the acceptance of the reality of the existence of the Unity-Creating Power or Authority, are the two foremost basics of the Sanatana Dharma.

AU Small Finance Bank

Founded in the year 1996, an Indian Small Finance Bank with its headquarters in Jaipur is called AU Small Finance Bank Limited. In 2017, it changed its name from AU Financiers (India) Ltd, a vehicle finance firm, to AU Small Finance Bank.

Unlocking energy storage

Sheru, an energy storage start-up based in New Delhi, India, offers cloud storage solutions by aggregating idle battery capacity to create a virtual energy storage platform. Notably, Sheru is the world's first company to integrate V2G technology with battery swapping, synergizing two complementary systems. In an interview with BE's Saptarshi Deb, Ankit Mittal, the Co-Founder and CEO of Sheru, sheds light on the company's journey and its business model.

Pune's real estate market is thriving

The Goel Ganga Group, a prominent player in Pune's real estate sector, has over 40 years of experience in the industry. They have ambitious plans to expand to other cities in Maharashtra, including Nagpur and Mumbai. BE's Saptarshi Deb interviewed Atul Goel, Managing Director of the Goel Ganga Group, to discuss the company's vision and mission.

Not just Manipur: entire north-east needs a well-knit programme for peace and prosperity

On the west it is Kashmir, and now in the east it is Manipur. These are glaring examples of centre’s mishandling of the states over an extended period of time and there seems to be no clue towards a resolution of the troubles. Already, IMF has predicted a fall in India’s GDP growth in the coming year, and it might worsen if the government doesn’t act fast to bring back normalcy. The entire country is shocked and agitated over what is happening in Manipur.

Cockroach Theory

A beautiful speech by Sundar Pichai - an IIT-MIT Alumnus and Global Head Google Chrome:

Unravelling the Surge: Understanding the Hike in Tomato Prices in India

The recent skyrocketing price hike of tomato in India left the countrymen and economy in shock. This surge has impacted households, restaurants, and food industries across the country. In this article, we talk about the whys and wherefores behind the recent hike in prices and its potential inferences on the economy and consumers.

Rural Auto Market Surges to New Heights

India’s rural markets, which had remained stagnant for the previous three years due to the economic effects of the pandemic, are now gaining momentum and are expected to drive demand for automobiles, motorcycles, and tractors as the nation enters the holiday shopping season later this quarter. Surprisingly, the rural auto market has emerged as a success story, defying initial predictions of economic downturns in the aftermath of the global pandemic. While urban areas initially experienced a slump in automobile sales due to pandemic-related restrictions and remote work arrangements, rural communities have shown remarkable resilience, driving the demand for vehicles to unprecedented levels.

A Mall for handicrafts

Involving an initial expenditure of ₹159 crores, the proposed mall at Nonadanga at Adarsha Nagar off Eastern Metropolitan bypass is a brainchild of Mamata Banerjee headed Trinamool Congress state government.

US dollar losing its dominance

Contrary to Western calculations, recent anti-Russian economic sanctions have turned into yet another example of a major financial decision going disastrously wrong.

India needs to elevate the penetration and density of insurance

The insurance sector holds significant importance in a modern economy and its development is assessed through two key indicators: insurance penetration and insurance density. Insurance penetration is the percentage of total insurance paid in a year relative to the GDP of that year, while insurance density refers to the ratio of premium to population, usually measured in US dollars for international comparisons. Unfortunately, India has been lagging behind the global average in both these aspects.

Internationalisation of INR: RBI's Efforts to Strengthen Domestic Currency and Exports

The Reserve Bank of India (RBI) has taken significant strides this year by announcing the internationalization of the Indian rupee (INR). Internationalization implies widespread acceptance of the INR globally as a medium of exchange, allowing India to use INR for imports. This move by the RBI enables settling payments for international trade in INR, invoicing, and payments, which is part of a gradual de-dollarization plan.

INDIAN BANKS EARN RECORD PROFIT, CUT NPA RATIO TO A DECADAL LOW, IMPROVE ASSET QUALITY AMIDST GLOBAL FINANCIAL TURMOIL

Amidst global uncertainties and a faltering global economic growth prospect, the Indian economy continues to display robust growth momentum, supported by strong macroeconomic fundamentals. The Reserve Bank of India has projected the real GDP growth at 6.5% for 2023-24 over and above the 7.2% growth it achieved last year. The International Monetary Fund has projected India’s GDP growth at 5.9% for 2023-24 while the World Bank has projected it at 6.3%.

Amarnath Yatra: A Festival In Kashmir

The annual Amarnath Yatra, spanning 62 days, began in the picturesque Kashmir Valley on July 1 and will conclude on August 31. The pilgrimage will take place on two routes: Pahalgam in Anantnag and Baltal in Ganderbal district.

From the seas to the stars: a new US-India relationship

The joint statement issued from the White House, which spans across oceans and reaches the realm of the stars, has come as a global surprise. Prime Minister Narendra Modi's exceptional performance at the joint session of the US Congress, along with the transformation of the relationship from an openly abusive one in the 1970s to today's effusive praise, leaves the world wondering.

The Ignorance Unlimited

A.P.J. Abdul Kalam, the esteemed former President of India, renowned as the Missile Man and deeply spiritual, found himself surrounded by a group of school children. With a desire to convey the importance of a new world order, he shared a strategy for creating a better world by transforming ritualistic practices into spiritual ones. Engrossed in his every word, the children listened attentively as he began to tell them a story:

Blue economy for peace and development on earth in the third millennium

The world is currently facing a challenging time with the multiple impacts of Climate Change, COVID-19, and conflicts such as the Ukraine-Russia war. We are struggling to accelerate progress towards the Sustainable Development Goals (SDGs) and the slogan of \"Leave No One Behind (LNOB)\" outlined in the 2030 Agenda for Sustainable Development.

Sardar Patel's Vision of Swarajya

The Sardar considered self-reliance, social equality, and prosperity as the benchmarks of Swarajya. These principles are not only relevant today but also serve as the litmus test for the achievements of free India or Swarajya.

Meditation Enhanced by Reiki: A Simpler Practice

In today's fast-paced and stressful life, many of us find ourselves on a difficult and exhausting journey. We constantly rush through our daily routines, only to realize at the end of the day that we haven't had a genuine moment of heartfelt laughter. Time is precious, and the accumulation of day-to-day stress can drain our energy, leaving us fatigued and susceptible to a myriad of problems. Gradually, this burden takes a toll on our clarity of thought, effective communication, and overall sense of joy. The mind becomes overwhelmed by negativity, paving the way for diseases and depression. Negativity impairs our ability to concentrate, erodes our self-confidence, and drains our enthusiasm for life. As a result, happiness becomes elusive.

We need to evaluate for course corrections in PLI scheme - Secretary, DPIIT

The Government of India is set to evaluate the reasons behind the slow disbursement of funds for different sectors under the Production Linked Investment (PLI) scheme. Rajesh Kumar Singh, Secretary in the Department of Promotion of Industry and Internal Trade (DPIIT), highlighted this issue during a discussion in New Delhi, as reported by the Economic Times on June 14. Singh acknowledged that while they are hopeful of utilizing ₹1.97 lakh crore for the scheme, some course correction may be necessary at the individual scheme level.

The Post-Covid Healthcare Sector in India

The Covid-19 pandemic has significantly impacted the healthcare sector worldwide, and India is no exception. The crisis has not only revealed the vulnerabilities and gaps in India's healthcare system but also presented new challenges and opportunities for the sector.

Rising Russian oil import by India saved Europe from disruption in oil supply chain

India has become Europe's biggest supplier of refined fuel last May surpassing Saudi Arabia, according to analytics firm Kpler. This was due to Western sanctions that have cut off direct oil flows from Russia, the main source of oil for Europe.

Is the phase of coordinated central bank action against world inflation to end?

Federal Reserve Governor Jerome Powell testified at a Senate Banking Committee hearing on Capitol Hill in June.