July 1, 2020

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5 min read

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We’re now realizing that encapsulated awareness months alone aren’t enough to dismantle systemic discrimination or marginalization. Don’t get me wrong, pride month is incredibly important to us LGBTQ+ folk. But it often feels like after June ends, the “Love wins” messaging that businesses bombarded me with all month goes away too. Why is that?

You’d actually capture more total market share by appealing to us throughout the year. In the book Blue Ocean Strategy, W. Chan Kim and Renée Mauborgne use the terms “blue ocean” and “red ocean” to describe market competition. Red oceans are bloody, crowded and saturated with other predators; blue oceans, by contrast, are pristine, full of untapped potential and devoid of competition. Most importantly, blue oceans are rife with high-growth opportunities.

Related: Promoting Inclusivity Beyond Pride Month: Why We Should

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In a marked departure from the original plan, states took advantage of cheap market rates and borrowed extra. Seven state governments in line to borrow Rs 9,000 crore, ended up borrowing Rs 12,000 crore from the markets.


The spread between the equivalent maturity government bonds and state development loans was 55-65 basis points (bps). This is a considerable spread contraction when compared with nearly 150-bps spread over government securities the states had to pay in the first auction of the financial year.



On Tuesday, Andhra Pradesh, Gujarat, Kerala, Maharashtra, Rajasthan, Tamil Nadu, and West Bengal borrowed money. Except Andhra Pradesh and West Bengal, every other state borrowed extra.


Gujarat raised Rs 1,500 crore instead of Rs 1,000 crore for a 10-year bond at 6.54 per cent.


ALSO READ: Decline in tax revenue collection narrows to 37% in May

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The country’s foreign exchange reserves in nominal terms increased by $64.9 billion in FY20 compared to a reduction of $11.7 billion in FY19, according to RBI.


This increase in reserves includes the valuation effects, the Reserve Bank of India said in a release.



“Foreign exchange reserves in nominal terms (including the valuation effects) increased by $64.9 billion during 2019-20 as against a decline of $11.7 billion in the preceding year, it said.


The valuation gain, reflecting increase in gold prices, amounted to $5.4 billion during 2019-20 as against a loss of $8.3 billion during 2018-19.


On a balance of payments basis (excluding valuation effects), foreign exchange reserves surged by $59.5 billion during FY20 as against a decrease of $3.3 billion during FY19.


The country’s current account balance (CAB) declined to $24.7 billion in FY20

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