Category Center for the Study for Finance and Economics

Impact of Livestock Sector on Income Growth

Despite an increased share (30%) of livestock in the agricultural GDP, most of the big-ticket budget items in agriculture, such as food subsidy and fertiliser subsidy, cater to the crop sector.

ANIMAL husbandry, the practice of breeding and nurturing domesticated animals, has been an essential part of agriculture since ancient times. It played a crucial role in the development of human societies by providing milk, meat, wool and leather. Now its role in producing and exporting dairy-based products (cheese, butter, ice cream etc.), meat and meat products, eggs and leather is increasing.

The US Dollar’s Enduring Strength: Separating Fact from Fiction

Recently, numerous articles have been written on the demise of the dollar. The argument is that China, the second largest economy after the US, is increasingly convincing the world’s largest suppliers of energy, including Russia, Saudi Arabia, Iran, and Venezuela, to trade in Chinese yuan. This, according to the commentators, will usher in the demise of the ‘petrodollar’. It would then be a matter of time before the US economy crumbles, they argue.

Is UPI the End of the Road for Credit Cards?

“It is now proposed to expand the scope of UPI by permitting operation of pre-sanctioned credit lines at banks through the UPI,” said the RBI Governor’s statement, towards the end, announcing the Monetary Policy Committee’s decision to pause policy rate changes. This proposal is fairly anodyne and anaemic, in comparison to, say, the Red Queen’s curt command, “Off with his head!” But make no mistake, it is no less effective a death sentence, directed, in this instance, at credit cards.

The name is bond, FinCat Bond: Sense on AT1 Bonds

Recognise AT1 bonds as insurance, rather than pure debt. Once AT1 bonds are understood as insurance by a bank that is still a going concern, against a calamitous loss, the expectation that they should be bailed in only after equity is written off would disappear

The high-decibel angst of investors in Credit Suisse’s Additional Tier 1 (AT1) bonds that were fully written off before selling the bank to rival UBS for $3.23 billion resonates with investors in Yes Bank’s AT1 bonds, who are currently litigating against such a write-off at the hands of the RBI-appointed administrator, before the troubled bank was transferred to State Bank of India.

The Unease of Doing Business with DMRC

Yet, a company owned by GoI and the government of Delhi, the Delhi Metro Rail Corporation (DMRC), is crushing EODB under the wheels of its growing fleet of world-class trains, in the most spectacular fashion possible

If god has a competitor, even in a limited capacity, it is the Government of India. GoI combines in itself the trinity of creator, preserver and destroyer when it comes to ease of doing business (EODB).

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