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The Reserve Bank of India (RBI) plays a crucial role in the Indian economy by implementing monetary policy to promote economic growth, maintain price stability, and regulate financial markets. As the central bank of India, the RBI has a responsibility to oversee the financial sector, manage inflation, and ensure the stability of the country’s currency.…
Exchange rates play a vital role in international trade and investment, as they determine the value of one country’s currency relative to another. Two commonly used measures of exchange rates are the nominal effective exchange rate (NEER) and the real effective exchange rate (REER). While both are important in understanding and analyzing exchange rates, they…
Laundromat Countries According to a report, India is among the leading “laundromat countries” that buy crude oil from Russia and then sell oil products to Europe at a profit. The report suggests that this practice is used by countries to launder money, avoid taxes, and bypass trade sanctions. India’s involvement in this process highlights…
Overview of Government of India Budget 2023 Introduction The Government of India Budget for 2023 was presented by the Finance Minister in the Parliament on February 1st, 2023. The budget is significant as it charts the course of the Indian economy for the coming year. This year’s budget is particularly important due to the…
Code on Social Security for Gig Workers Context: Recently, the Ministry of State for Labour and Employment told the Lok Sabha that the definition of ‘gig worker’ and ‘platform worker’ has been provided for the first time in the Code on Social Security (SS), 2020. Who is a Gig worker? According to the Code on Social Security, 2020, a…
