Author Archives

sahilbaid

World population hits 8 billion.

The world population surged past 8 billion people on Tuesday, the United Nations said, warning that more hardship is in store for regions already facing resource scarcity due to climate change. Whether its food or water, batteries or gasoline, there will be less to go around as the global population […]

Rate this:

USA removes India from its currency monitoring list.

The United States Department of Treasury has taken off India’s name from the from its Currency Monitoring List of major trading partners. In its biannual report to Congress, the US’ Treasury Department conveyed that along with India, it had also removed Mexico, Thailand, Italy and Vietnam from the list. With […]

Rate this:

Rupee might slide further, according to a recent report.

The Indian rupee has been hitting new lows, week after week. From holding on to 74 against the US dollar in January to dropping to 83 last week — a double-digit fall in percentage terms in just 10 months — the rupee’s depreciation has not augured well for the economy. Economists caution that the currency could […]

Rate this:

Home affordability report on Indian cities.

Ahmedabad continues to be the most affordable housing market at 22 per cent, followed by Pune at 26 per cent and Chennai at 27 per cent, among the top eight cities in India, global property consultant Knight Frank India’s Affordability Index for the third quarter (Q3) of 2022 showed. Driven by the […]

Rate this:

Status of India’s Forex reserve.

Until the beginning of this year, the country had saved enough for the rainy day, because of strong capital flows in the past. However, those reserves are depleting fast. India lost nearly $85 billion of its forex reserves in the first half of the fiscal year, the second biggest depletion […]

Rate this:

Last solar eclipse of the year witnessed today.

For the uninitiated, a partial solar eclipse is one where the Earth moves through the lunar penumbra as the moon travels between the earth and the sun. It is referred to as ‘partial’ because the moon does not block the entirety of the sun, when witnessed from the Earth. After […]

Rate this:

Indian origin Rishi Sunak become Britain new PM.

Rishi Sunak has scripted history by becoming Britain’s first Indian-origin Prime Minister. His former boss Boris Johnson and Penny Mordaunt could not gather the support of 100 MPs needed to stand in the elections. The former U.K. Treasury chief was runner-up to Ms. Liz Truss in the contest to replace […]

Rate this:

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 […]

Rate this:

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 […]

Rate this: