A few days ago, RBI Governor, Shakti Kanta Das reportedly said that there were signs of economic recovery. According to him, consumption demand triggered by the festive season’s pent-up demand was the key factor responsible. Das believed business firms would encourage expanding their capacities an...
There has been anxiety over the required supply of electric power in India in the not-so-distant days. This has been mainly due to shortages of coal supply at the power plants. A number of states like Delhi, Punjab and Rajasthan have raised concern about potential blackouts as a result of shortage o...
The Economics Nobel 2021 goes to three US based economists. One half of the award has gone to David Card, Professor of Economics at the University of California, Berkley. The other half has gone jointly to Joshua D Angrist of MIT and Guido W Imbens of Stanford University. The economics Nobel c...
In September 2020, Nirmala Sitharaman, the Indian Finance Minister (FM) had categorically mentioned that the Indian banking industry needs more digitisation and consolidation for its long-term survival. She said this while she was addressing the 74th Annual General Meeting (AGM) of the Indian Banksâ...
The just released first quarter economic growth report is an indicator of economic recovery. But that is not all. The National Statistical Office has reported that India's Gross National Income grew by 20.1% in April to June quarter of this financial year compared to minus 24.4% of the last year's s...
Findings from a recent medical research related to human psychology and nervous system has found some significant relevance in the global economic system which is facing a financial crisis. In the ongoing pandemic, a large section of people has lost their jobs. The loss to life has also been enormou...
Finance Minister Nirmala Sitharaman recentl announced a pipeline of assets that the government plans to monetize. The government, through the National Infrastructure Pipeline (NIP), has a target to collect six lakh crore rupees in the coming four years ending 2024-25. Out of this Rs. 88,000 crore wi...
The Indian government is going to slash the number of rates of the Goods and Services Tax (GST) to three from five. This is a welcome move. It has been a longstanding suggestion by many experts and opposition partieslike the Indian National Congress that a large number ofGST rates is counterproducti...
The Periodic Labour Force Survey (PLFS) 2021 has been published recently. It is conducted by the National Statistical Office under the Ministry of Statistics and Programme Implementation of the Government of India. The survey covers the period between July 2020 to June 2021. One of the important tak...
The perspective and the importance of the sector Agriculture and allied activities contribute about 15% of the total gross value added (GVA) of India. Out of this, the livestock and dairy sector contributed about 28% of the whole sector in FY 2019-20. The milk sector has been growing by 6...