Let's say an exporter has received payments for its exported product in dollars. The exporter will go to his local bank and exchange those dollars for rupees. The local bank will go to the RBI (which is India’s Central Bank) and exchange those dollars for rupees. The Central Bank will print an equivalent amount of … Continue reading Explainer: Foreign Exchange Reserves. Also what is pegging of Currency or Fixed Exchange rate.
Competition is good. It helps bring efficiency, better quality and prices for consumers. We have seen how allowing the private sector in telecom transformed the sector. Gone are the days when making a phone call was an expensive affair and also the reliability of the service was low. Indian Government is planning to allow the … Continue reading Allowing Private Sector in Passenger Train Segment
Global Value Chain Division of labour is an idea which dates back millennia but the modern production systems have evolved as 'Global Value Chains (GVC)' Under Global Value Chains, production is broken down into activities and tasks carried out in different countries. While trans-national co-operation in production is an old idea, this in last few … Continue reading Explainer: Global Value Chains or supply chains and why they are important.
Container doesn't come across as a world changing Innovation. But this seemingly simple metal box changed the face of global trade and industry. This has been beautifully chronicled in the book, 'The Box' by Marc Levinson Loading goods crate by crate is a costly and time consuming affair. Containers by standardizing the process enabled speed … Continue reading Thinking in the box: How containerisation disrupted the world!