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National Investment and Infrastructure Fund (NIIF) The Government of India along with participation from institutional investors such as ADIA and leading Indian private financial institutions. A collaborative investment platform focused on Indian infrastructure with best-in-class governance and a strong team…
New Development Bank At the fourth BRICS Summit in New Delhi (2012), the leaders of Brazil, Russia, India, China and South Africa considered the possibility of setting up a new Development Bank to mobilize resources for infrastructure and sustainable development…
Rupay Card India signed an agreement with Saudi Arabia on October 29, 2019, to launch the Rupay card in the country. An MoU was signed to formalize the same between the National Payments Corporation of India (NPCI) and Saudi Payments.…
Reassessing Export-Led Growth Model Export led growth is where a significant part of the expansion of real GDP, jobs and per capita incomes flows from the successful exporting of goods and services from one country to another. India has focused on…
Bilateral netting The Economic Survey 2020 advocated introducing Bilateral netting for financial sector in India and government is planning to introduce Bilateral Netting of Qualified Financial Contracts Bill, 2020. According to the Survey, “A bilateral netting agreement enables two counterparties…
World Bank’s STARS project World Bank has approved a new project worth $500 million to improve learning outcome and governance of government schools in six Indian states. The project, named STARS (Strengthening Teaching-Learning and Results for States Program), will be…
Urban, multi-State coop banks to come under RBI supervision Currently, urban and multi-state co operative banks are under dual regulation of RBI and Registrar of Cooperative societies. The ordinance passed by the cabinet brings these banks completely under the regulations…
Insolvency and Bankruptcy Code: A Performance Review What is IBC? Insolvency and Bankruptcy Code, 2016 is considered as one of the biggest insolvency reforms in the economic history of India. This was enacted for reorganization and insolvency resolution of corporate…
Fiscal Federalism in India Fiscal Federalism refers to the division of responsibilities with regards to public expenditure and taxation between the different levels of the government. The Government of India Act 1919 and 1935 formalized the tenets of fiscal federalism…