In October, each year, the Global Hunger Index (GHI) is published. This year, India ranked 103rd out of 119 countries- down three positions from last year. Some of her South Asian neighbours fared better with Nepal ranked 72nd and Bangladesh 86th. India is now known for its high GDP growth at 7% and...
The continuing trade war between the United States of America and China is concerning the world. The trade war will not only affect China but also the traditional allies of the US. The future of this trade war depends on how bad the protectionism turns and how dire the consequences would be. But it ...
The Sveriges Riskbank Prize in Economics also known as the Nobel Prize in Economics of 2018 has been awarded to two American economists, William D Nordhaus of Yale University, New Haven and Paul M Romer of NYU Stern School of Business, New York. Nordhaus has been awarded the prize “for integ...
We have seen in past that the market has been stunned by monetary policy actions of central banks. Last fortnight, it was different. The markets stunned the Reserve Bank of India.The Indian rupee plunged to Rs 74.22 per US dollar. The rupee fell to the lowest value ever in terms of th...
Another step for bank amalgamation has been on the fore. The finance ministry of India is going to amalgamate three PSU banks, Bank of Baroda, Vijaya Bank and Dena Bank. After merger the new bank will be the country’s third largest bank. What is the reason behind the merger? The big banks ma...
It is now recognised that trade deficit and current account deficits would widen if the government and the monetary authorities did not give up their stand-off position; and they should do much more beyond offering Band-Aid solutions. Their efforts to attract more inflows of capital of short term va...
The gross domestic product (GDP) performance of the first quarter (April-June) of the current financial year 2018-19 (FY19) has been beyond anyone’s expectation. An 8.2% growth of GDP, although from a low base of 5.6% in Q1 FY18, is commendable when one compares it with that of other countri...
Early this week, the slide-down of the rupee was relentlessly continuing. Indian rupee fell to the lowest level on Monday, September 10, Rs. 72.67 per US dollar; on Tuesday, it reached yet another low at Rs. 72.70. It looks it may fall further soon to Rs. 75.The ongoing currency crisis is not new. W...
The Indian Postal Service (India Post) has a famed history of 150 years. Operating under the Ministry of Communications and Information Technology, it has touched the lives of millions of Indians as a carrier of mails, an agent for collection of money under various types of small savings deposit sch...
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...
