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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…
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…
