Gold Chain

 The subject of remittances or personal income transfers associated with migration has been impacting households, investment( both private and Government) Government policy making, macro economy in general and external sector in particular. The money that migrant workers send home country continues to provide stable and vital income to  millions of people particularly in developing countries . According to world bank report Remittances became the financial life line of many economies  during the pandemic period and will become even more so in the foreseeable future.It may be noted here the money sent home through  banking or authorised official channels will benefit the welfare of the households and resulting foreign exchange recieved willl buttress the balance of payment position and  accrue to  the foreign exchange reserves of the country. The transfer of money that immediately utilised is accounted in the Current Account of Balance of Payment.Whereas Inv...

Fintech industry as we see presently did not exist even three decades ago.Fintech or financial technology can be described as the new technology used to improve and automate the delivery and use of financial services. It is utilized to assist companies, business men and consumers to better manage their financial operations. Financial sector of the economy in turn comprise of firms and institutions that provide financial services to  commercial and retail customers through banks,  non banking financial institutions, investment companies,Insurance companies and real estate firms. A lions share of financial sector revenues has been generated by loans and mortgages.It has been observed that emergence of various financial technologies has revolutionized the transactions making it easier and less time consuming and also less costly.  Fintech consists  of  new technologies that used to  improve and automate the delivery and use of financial services.Fintech's evol...

 Recently concluded G20 New Delhi Summit attracted much attention within and across the globe.Along with India's expertise in negotiations G7s role particularly that of US and Japan and that of members of BRICS were mainly responsible in clinching a unanimous declaration at the  G20  Summit in New Delhi. G 20 as a group account for about 85% of global GDP and two third of world population and over three fourth of global trade. G 20 or Group of twenty is an intergovernmental forum founded on September 26th 1999 concieved by G7 In response to the series of crises that occurred across emerging markets like Mexico, Brazil, Argentina, Russia and East Asia in 1990s. The group consists of European Union, Argentina, Brazil,Canada,China, France, Germany, India, Indonesia,Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, United Kingdom and United States.In addition to member countries this year as president India has invited Bangladesh, Egypt, Mauritius...

 The quest for India becoming a $5 trillion economy  and beyond has  been the major point of discussion among policy makers and development experts in recent years which gained further momentum and extended  even beyond $ 10 trillion after Prime Minister  observed about the possibility of India becoming one among the three major economies of  the  world. Government of India's Press Information Bureau on 11th October 2018 released Vision of US $5 trillion economy for India assuming that India has been one of the fastest growing major economyof the globe ranked then as the world's 6th largest economy .Analysis showed that projections for growth over medium term remains largely encouraging and optimistic to the country. India has got potential to achieve a US $5 trillion economy by 2025.But Covid19 and other global headwinds seems to have caused some set back in achieving the targeted  $5 trillion  by 2025 instead it has been shifted to posssibl...