February 2022
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Pooling & Growing Together is the Aim of India & UAE Trade Agreement
India and the United Arab Emirates (UAE) on 18th February 2022 signed a Comprehensive Economic Partnership Agreement (CEPA). It is set to reduce tariffs for 80% of goods and give zero-duty access to 90% of India’s exports to the UAE. The agreement covers areas including goods, services, rule of origin, customs procedures, government procurement, intellectual…
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Fiscal Deficit in Indian Budgets
The fiscal deficit in 2022-23 is estimated at 6.4% of GDP, which is consistent with the broad path of fiscal consolidation to reach a fiscal deficit level below 4.5% by 2025-26. The fiscal deficit of the government for 2022-23 is estimated to be Rs 1661196 crore. The Revised Estimates for 2021-22 indicate a fiscal deficit of…
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Quick Overview of the Unchanged Monetary Policy
The monetary policy committee (MPC) meeting happened from 8th-10th February 2022 of six members headed by the Reserve Bank of India (RBI) governor Shaktikanta Das. RBI kept repo rate, reverse repo rate and the bank rate, the benchmark rates of policy unchanged 10th time in a row at 4% continuing with the accommodative stance. Repo…