Finance Minister Arun Jaitley must be a happy man. Vindicating IMF and World Bank’s high GDP growth projections for 2018-19, India’s investment scenario has improved considerably. Reflecting the trend the non-food credit flows of banks to commercial sector have increased steadily in recent...
There are some new headaches for policy makers this past fortnight. The rupee has been sliding faster. On the other hand, oil price is rising. Indian currency fell to the lowest at `67.13 on May 8 – the lowest in the past 15 months. Last month, the decline to `66.08 was the steepest in 12 months s...
At present, the Indian economy is passing through a phase of rural stress, credit crunch, lack of employment opportunity, etc. Across the world, one is witnessing a push-back of globalisation by nationalist and protectionist forces. Economist Dipak Nayyar, a professor emeritus, Jawaharlal Nehru Univ...
It’s been 18 years that Vladimir Putin has been ruling Russia. He has recently sworn in for his fourth Kremlin term amidst nationwide protest rallies that resulted in the arrests of at least 1,200 anti-Putin demonstrators. The internal situation in Russia is unstable but Kremlin is bent on repress...
Dear Readers,Swami Vivekananda had said that “the entire wealth of the world would not eliminate the poverty of one village of India as the people are not helping themselves”, people are lazy, indisciplined, and there is lack of unity. So every Bharatwasi has to introspect and judge himself and ...
Public broadcasting in India has never been free. Whichever party has been in power – left, right or centre – it has wanted Akashvani or Doordarshan to serve its propaganda purposes. People who work in these organisations call themselves ‘media’ persons; but in reality, they are government s...
गेनचित्तस्यपदेनवाचांमलंशरीरस्यचवैद्यकेन।योपाकरोत्तंप्रवरंमुनीनांपतञ्जलिंप्राञ्जलिरानतोस्मि॥– I bow with my han...
Professor Irfan Habib is an enigmatic Marxist Indian historian who is widely regarded as an authority on ancient and medieval India. BE’s Saptarshi Deb and Anustup Roy Barman spoke to him on the sidelines of the 78th session of the History Congress held in Kolkata on issues ranging from the evolut...
For about two weeks, the Union Finance Minister, Arun Jaitley, has been expressing his satisfaction over the turnaround of Indian economy. This has been the case, particularly after the Central Statistical Office’s (CSO) upward revision of the gross added value (GVA) and gross domestic produ...
Cheery news always tends to get dwarfed by depressing news. That is the news world’s counterpart of Gresham’s Law in economics: bad money drives out good money! The news on the economic health released on February 27 gladdened the policy makers and the public alike. The economy recor...