Unlocking Insights: Analyzing State-wise GST Collections and Consumption Habits Introduction: Delving into the realm of Goods and Services Tax (GST) collection, we unravel the intriguing dynamics shaping India’s economic landscape. Let’s embark on a journey through the top contributors, exploring their per capita consumption spending prowess. Maharashtra: The Epitome of GST Contributions Maharashtra emerges as the frontrunner in GST collection, commanding a substantial 19.6% share of the national GST pool. Per capita analysis reveals Maharashtra’s […]

The Regulatory Reckoning: Challenges in India’s FX Derivatives Market The once vibrant FX derivatives market in India, known for speculative bets on the rupee’s movement, is now facing a regulatory reckoning. The recent crackdown by the Reserve Bank of India (RBI) has sent shock waves through the market and revealed potential regulatory gaps, raising concerns for investors and impacting India’s image as a stable investment destination. Regulatory Confusion and Market Perception The disparity between the […]

NBFC Lenders Face Increasing Borrowing Costs Non-bank lenders are experiencing a surge in borrowing costs as banks have become more cautious in lending to them, following a regulatory warning. In response, these companies are diversifying their sources of funding to mitigate the impact. Key Features: Non-bank lenders, such as Bajaj Finance and Shriram Finance, have raised their fixed deposit rates to attract funds and compensate for lower bank borrowings. The Reserve Bank of India (RBI) […]

Urgent Global Talks on the EU’s Carbon Adjustment Import Charges Introduction The EU’s commitment to reducing carbon emissions in line with the Paris Agreement and the UNFCCC has led to the implementation of higher obligations on domestic industries in carbon-intensive sectors. However, this poses two challenges: maintaining competitiveness against cheaper imports from countries with lower emission reductions, and preventing carbon leakage through industrial relocation. To address this, the EU has introduced the Carbon Border Adjustment […]

10-year Plan: Can the Indian Rupee Go Global Without 100% Convertibility? Subtitle: Exploring the Potential of a Globalized Indian Rupee and the Challenges Ahead Introduction Prime Minister Narendra Modi’s directive to the Reserve Bank of India (RBI) for a 10-year strategy to elevate the Indian rupee to a globally “accessible and acceptable” currency. The significance of this initiative given India’s projected economic growth and the advantages of having a globalized currency. Advantages of a Globalized […]