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Has personal loans seen a rebound ahead of the festive season? The answer is in the negative

Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...

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Union Budget And Other Economic Policies

KEY TRENDS Please click here to access the [inside]Presentation on Atmanirbhar Bharat Package 3.0 that was made by the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman (dated 12th November 2020)[/inside]. --- Please click here to know the details of [inside]Garib Kalyan Rojgar Abhiyaan (launched on 20th June, 2020)[/inside], which will be implemented in a mission mode campaign in 125 days in 116 districts of six states with the support of...

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