This refers to expenditure that’s not funded through the budget. For example, the government sets up a special purpose vehicle (SPV) to construct a bridge. The SPV will likely borrow money to build the bridge on the strength of a… Continue Reading →
World-wide supercomputing facilities have enabled countries in their S&T capabilities in areas such as designing vehicles, aeroplanes, massive structures like high rise buildings and bridges, infrastructure, discovery of new life saving drugs, discovery and extraction of new energy sources including… Continue Reading →
Recently The Reserve Bank of India (RBI) has decided to inject rupee liquidity into the system through long-term foreign exchange buy/sell swap — a first-of-its-kind instrument used for liquidity management. Forex swap is different from currency swap where two parties… Continue Reading →
El Nino, means ‘little boy’ in Spanish. It is a weather system which re-emerges after a gap of about two to five years in the Pacific Ocean and its effects last for about 12 months on an average. El Nino… Continue Reading →
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