Tag: covid

Policy Reponse of Central Banks across the world to Covid-19

Central Banks across the world have taken proactive steps to tackle the economic stress caused by Covid-19. These steps have included liquidity measures, lowering of interest rates, temporary relaxations in regulatory requirements for lending institutions. List of some important steps taken by central banks (till July 31st) of few major economies and India’s neighbours is presented below : Source: These steps have been compiled using data available on IMF’s website.

Its Gold to the rescue

World Gold Council estimates that India owns almost twenty-five thousand tonnes of Gold. This perhaps represents the largest stock of gold on earth and translates to thirteen percent of the total gold mined since the beginning of civilisation (Read more about the same here). In “fiat currency” terms the value of this gold stock equals USD 1.55 trillion i.e. more than 50% of India’s GDP. This equates to eighty percent of the total market capitalisation of all listed entities on […]

High frequency mobility indicators of India

On 24th March, with the announcement of the twenty one day lockdown a large portion of the country came to a standstill. The subsequent lockdowns have allowed for partial movement and in turn economic activity to take place. We have presented below few high frequency mobility indicators to gauge, by what percentage has India come back on tracks… E-Way Bill Generation Data : A GST registered person cannot transport goods in a vehicle whose value exceeds Rs. 50,000 (Single Invoice/bill/delivery […]

Shoe Leather Cost, Covid & Yes Bank!

People normally want to park most of their liquidity in an interest bearing savings account with a bank (or park in liquid funds) and minimise the actual cash they keep with themselves. This is because while the nominal value of cash remains constant, the real value of the same reduces with time due to inflation. However, some amount of cash one needs, to carry on day to day activities – to pay to vegetable vendor, for grocery store next door […]

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