Till 2005-06, the Indian Airlines and Air India (AI) had been running profitably. These two organisations were merged into AI in 2007. It is seen that between 2007-08 and 2012, AI suffered heavy financial loss. In 2012, the government went for a turnaround plan for AI. In 2011-12, AI had loss of Rs&...
RBI Governor Urjit Patel speaking on the Third Bi-Monthly Monetary Policy Statement 2017-18.The Reserve Bank of India (RBI) reduced the repo rate by 25 basis points or 0.25% on August 1. It was an expected move. The repo rate is the rate at which the commercial banks take short term loan from the RB...
The stock market prices are rising to record levels. Reports show that at 32,000, the Sensex traded at 18.5 times the estimated one-year forward earnings. A comparison with the prices of stocks with those of emerging markets as a whole shows India has become relatively less attarctive now for the in...
his year is the 125th birth anniversary of Prasanta Chandra Mahalanobis. Pranab Mukherjee, who was serving as the President of India at the time of the programme, inaugurated the 11th Statistical Day at the Indian Statistical Institute, Calcutta, on June 29. Statistical Day is observed throughout In...
What are the fundamental factors in examining the health of an economy? The economists differ in pin-pointing the fundamental factors. The focus is usually on the level of inflation, fiscal deficit, trade surplus, growth, interest rates, etc. Some consider the amount of capital formation and g...
The recent revision to the base year for the index of industrial production (IIP) reflects the recovery of the industrial sector of India. Earlier, the base year was 2004-05. The present base year has been revised to 2011-12. What is IIP? The IIP indicator measures the short-term changes in the volu...
After the liberalization of air services in India air prices became competitive and cheaper. The airlines, as a result, could bring more passengers. The main shift was from the upper class train passengers. This was because the gap between upper class train fares and air fares narrowed. So the ailin...
Parimal Dey has been a resident of Vidyasagar-4 colony under 99 Ward of Kolkata Municipal Corporation from his childhood. Now he is about 70 years old. He has done a unique job recently. In his local area there had been a colossal dumping ground. The place was originally a tank but it became a smell...
The issue of climate change and its impact on agriculture is a matter of concern. In an interview with BE’s Kishore Kumar Biswas, Purnendu Bose, Minister-in-Charge, Agriculture, Govt. of West Bengal, has touched upon several issues, like the government’s outlook on this matter. Bose clarified th...
In the present world there is no serious plan for implementation of housing projects to arrange heating and cooling in different seasons. Depending on the situation proper heating and cooling facilities in the houses are the demand of the hour. But we are living in a world where at least...