India gifts Dornier aircraft to Sri Lanka during a ceremony in Colombo

Indian Dornier aircraft flying in the sky during training

On Monday 15 August 2022, India gifted a Dornier-228 aircraft to strengthen Sri Lanka‘s maritime security. The Indian Air Force and Indian officials handed over the Dornier-228 Maritime Surveillance Reconnaissance Aircraft to the Sri Lankan Air Force base at Katunayake during a ceremony. Katunayake is a suburb of the city of Negombo in Sri Lanka, … Read more

RBI Monetary Policy: RBI hikes repo rate to 4.90%, inflation at 6.7, GDP growth forecast at 7.2% in FY23

RBI Monetary Policy: Document with Financial Data

RBI Monetary Policy: On Wednesday, 8 June 2022, the Reserve Bank of India (RBI) increased the repo rate by 50 basis points to 4.90% and this is the second time in five weeks the repo rate has been increased by 50 basis points. Whereas the Monetary Policy Committee (MPC) had hiked the repo rate by … Read more

FIIs sell-off 275000 crores in Indian market in 5 months, pulled out more than they brought in 12 years

Stock Price: FIIs sell-off 275000 crores in Indian market in 5 months

The global market has been falling steadily since the beginning of January 2022. In the last one month, Nifty50 has fallen about 12.7% while in the last one week also Nifty50 has fallen about 5.9%. Nifty is currently trading at 15735.45, down 15% from its all-time high. Due to rising inflation and a weakening rupee, … Read more

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

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