Market slips amid rate hikes by central banks RBI, BoE, Fed

Stock Price: Market slips amid rate hikes by central banks RBI, BoE, Fed

Almost all major markets are down since the beginning of 2022. US Fed, Bank of England, and RBI (Reserve Bank of India) have already started rate hikes and the market is expecting that the rates will be hiked further. Due to this the Indian market is also in a downward trend as high inflation is … Read more

Power cuts due to coal shortage in India, Coal produces 77 percent of electricity in nation

Lightbulbs on Gray Background: Power cuts due to coal shortage in India

In April 2022, there is a power cut in about 12 states of India. Most of the electricity in India is based on coal. At present, there is a coal crisis, due to which Andhra Pradesh, Maharashtra, and 10 states of India are facing power cuts. India imports 15 percent of the country’s coal while … Read more

Indonesia bans palm oil exports, food prices and cooking oil prices rise

Cooking Oil Bottle: Indonesia bans palm oil exports, food prices and cooking oil prices rise

On Friday 22 April 2022, Indonesia announced a ban on palm oil exports until further notice. Indonesia accounts for about one-third of all vegetable oil exports and Indonesia is the world’s second-largest palm oil exporter and on the other hand, India is the world’s largest palm oil importer. India is the world’s largest importer of … Read more

Sri Lanka economic crisis explained: what and why Sri Lanka’s economy faced economic crisis

Sri Lanka economic crisis explained: what and why Sri Lanka's economy faced economic crisis

Sri Lanka is going through a major economic crisis like 10-hour long power cuts or food shortages, besides people facing a shortage of petrol and diesel. The economy of Sri Lanka is dependent on imported goods even for basic products. According to the report, people have been facing power cuts of 10 hours and in … Read more

RBI Monetary Policy: Repo rate unchanged at 4%, GDP growth forecast at 7.2% in FY23

RBI Monetary Policy: Document with Financial Data

The Reserve Bank of India (RBI) on Friday 8th April 2022, for the 11th consecutive time, the Monetary Policy Committee (MPC) kept the lending rate or repo rate unchanged at 4% while the reverse repo rate has also been kept unchanged at 3.35%. This is the first meeting of the Monetary Policy Committee (MPC) of … Read more