The agreement between India and UAE to facilitate filling of crude oil strategic reserve is diplomatic coup of sorts, for India as it gets a commodity so precious to the nation and so much in abundance with UAE. A look at the concept of strategic oil reserves and India's preparedness..Continue Reading
The interconnectedness of banking and financial sector is not widely understood or discussed, yet a high risk issue. The rapid spread of contagion during financial crisis in 2008 was primarily due to the fact the global financial market has become highly interconnected. But how interconnected is Indian banking sector within itself and with the overall financial sector. A look at the same..Continue Reading
Contrary to perception of widespread unemployment, the annual survey conducted by ministry of labour shows that only 5% of the workforce faced 'chronic employment' during the year 2015. However, that is only a part of the picture as another 35% of the workforce got employment for 6-11 months only. The survey covers more than 7.8 lakh people from 1.6 lakh households across the country. An analysis of key findings...Continue Reading
The cabinet approval for listing of five general insurance company is a smart move which would not only mop up some money for the government but also pave the way for listing of LIC, the insurance behemoth. Further, this would bring about greater transparency and visibility to their operations. Despite having total investments of nearly Rs 27 lakh crore, almost one-fourth the size of entire banking industry, sector’s financial details receives very low attention in the mainstream media. A brief look at aggregate indicators of the sector.