In its recent economic outlook of India’s economy the World Bank has expressed its satisfaction and projected high economic growth in the near future. No doubt it has been a matter of satisfaction, particularly, to the ruling government. A few days ago Subhas Chandra Garg, IAS, Secretary, Departme...
The Indian currency is falling in value in terms of the US dollar. Most of the commodity imports of India, which are denominated in US dollars, happen to be critically essential commodities such as petroleum crude. India imports 75% of its total crude oil requirements. They are also half of the coun...
A cheque bounce case can now lead to bigger penalties after the Indian Parliament passed ‘The Negotiable Instruments (Amendment) Bill, 2018’ on July 23, 2018, allowing a court to try offences related to cheque bounce promptly and “direct the drawer to pay a minimum of 20% of the cheque amount ...
Sanjeeb Sanyal, Principal Economic Advisor, Ministry of Finance, Government of India attended an interactive session in Kolkata conducted by the Bharat Chamber of Commerce. One of the points of discussion was population explosion in India. This has become more sensitive after the release of the Nati...
India’s central bank has to deal with challenges on multiple fronts.One is domestic inflation; another is falling value of the Indian rupee relative to US dollar; volatility in the global price of crude oil; outflow of capital, partly reflecting political uncertainties and the resultant decline in...
Unemployment is a major hurdle in India’s growth path. Reducing unemployment was an announced goal of the incumbent NDA government as it came to power. As per the Economic Survey (2015-16), the rate of unemployment has increased from 3.8% in 2011-12 to 5% in 2015-16. Only 6, 41,000 jobs were creat...
The present acting Finance Minister (FM) of India Piyush Goyal has recently expressed his ambitious target for the performance of the Indian economy. He thinks that the GDP growth of India will enter double digit figures in the coming four quarters. This achievement, according to him, will be driven...
The high prices of petrol and diesel have reached unprecedented levels since the first quarter of 2015-16. The price of petrol has climbed to a record high of Rs. 86.24 per litre on May 29 in Mumbai and diesel has increased to a price of Rs.73.79 per litre which the highest in ...
The Fifa World Cup 2018 has arrived with much fanfare. It is one of the greatest sporting extravaganzas and the world is likely to be glued to this tournament. As Russia is hosting the football world cup this time round, it is an excellent opportunity for the Russian President Vladimir Putin t...
Leaving behind the uncertainty following large scale layoffs, India’s IT sector is slowly recovering its lost ground. The National Association of Software and Solutions Companies (Nasscom) has projected a revenue growth of 7-9% for the IT and BPO industry in 2018-19 notwithstanding global uncertai...