Month: October 2022

How US is exporting Inflation to rest of the world.

The Federal Reserve is laser-focused on stemming price increases in the United States, but countries thousands of miles away are reeling from its hardball campaign to strangle inflation, as their central banks are forced to hike interest rates faster and higher and a runaway dollar pushes down the value of […]

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Rupee slides to record low at 83 against US dollar.

The rupee plunged 61 paise to decline below the 83-mark for the first time against the US dollar on today amid unabated foreign capital outflows and a strong dollar in the overseas markets. Besides, rising crude prices in the international markets and risk-averse sentiment among investors weighed on the local […]

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What is ‘ONDC’ initiative by GoI.

To reduce the dominance of e-commerce giants like Flipkart and Amazon, the government rolled out its big initiative — Open Network for Digital Commerce (ONDC) — for public in Bengaluru. With the help of ONDC, government plans to help small retailers and create an alternative to dominant global giants like Amazon and Walmart, who controls over […]

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India set a new record by exporting cellphones more than $1 billion worth in september month

Monthly mobile phone exports from India touched the $1-billion mark (over ₹8,200 crore) for the first time ever in September. They were boosted by the government’s production-linked incentive (PLI) scheme, which has pushed global players such as Apple and Samsung to increase local production for the domestic as well as overseas markets. According to […]

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Inflation not yet in control.

In twin blows to Indian economic revival, higher food prices drove retail inflation to a five-month high of 7.4 per cent while factory output fell for the first time in 18 months. This relates to data of september month. The second consecutive month of rise in consumer price index (CPI)-based inflation will […]

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The Benefits of Boredom

I have always been a rather easily bored person (much to the annoyance of my parents and friends). I have also been a very creative person. It was not until very recently that I learnt that the two go hand-in-hand with each other. A lot of neurologists suggest that boredom […]

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Take a glance at IMF’s latest report on world economy.

Global economic growth is likely to slow next year more than previously expected, the International Monetary Fund said, warning living conditions will worsen as soaring inflation harms people’s lives around the world. The IMF attributed the weaker outlook primarily to the effects of inflation, Russia’s invasion of Ukraine and the […]

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