The Rupee Depreciation – Can such a crisis occur again?

The Rupee Depreciation – Can such a crisis occur again?

https://www.youtube.com/watch?v=xtRVjm1Lik8 The Indian Rupee hit an all time low of Rs.70/Dollar this week. How does it affect us and the Indian economy? What caused such a downfall? Read on to find out more! Prime Causes of the Downfall The US-Turkey Trade Tensions- Turkey had arrested a USA officials on terrorism charges and refused to release him. The USA in turn, doubled the import duty on steel and aluminium imports from Turkey in order to impose pressure in Turkey.But, the Turkish President declared that the country would boycott American Goods. This, in turn lead to the devaluation of the Turkish Lira, which affected the Economies of various emerging countries, especially India. Non-Deliverable Forward- It is an over the counter derivative contract, with the currency as the underlying assets and is settled in US Dollars. The offshore NDF overseas market doesn’t come under the purview of the RBI. As the Turkish crisis worsened, speculators and arbitrageurs seized the opportunity to buy cheaper dollars in India through the NDF...
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Draft e-commerce Policy

Draft e-commerce Policy

Commerce Minister Suresh Prabhu had released the draft e-commerce policy last week, here is an analysis of what to expect ahead ! What does the policy want ? The Draft wants a regulator for e-commerce to be established. 49% FDI to be allowed in the inventory based model. In fact, the policy also recommends the storage of data in India, as was also proposed in the Personal Data Protection Bill 2018, and discussed in deep in our previous article.  In addition, it also proposes certain restrictions on the amount of goods which can be purchased and the amount of discounts offered. This can affect the business model of a company like Amazon, which heavily relies upon such discounts, acquires customers and forces other local players out of competition(such as Snapdeal). What is the difference between Industry and Marketplace Model for e-commerce ? Under the Industry model, the website sells the products directly to the customers, without involving any sellers in between, thereby...
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