The New Education Policy (NEP) 2020 is being promoted as a pioneering and progressive reform that has been overdue. In fact, the draft New Education Policy 2019 was made public in June last year and the government sought suggestions from various stakeholders till July 31 last year.NEP 2020 is the fi...
Prime Minister Narendra Modi while addressing the ‘India Ideas Summit’ organised by the US-India Business Council (USIBC) emphasised that India is an open economy with no shortage of opportunities and options. He also stated that this is the best time to invest in India. But this optimism contra...
The United Nations' World Urbanization Prospects ( 2018 Revision) Report highlighted that by 2050, 68% of world’s population will be living in urban areas compared to current 55%. There is a stark contrast between urbanisation trends in high income, upper middle income, lower middle income a...
The Confederation of Indian Traders (CAIT) representing around seven crore traders and 40000 trade associations, probably motivated by the Prime Minister’s ‘vocal for local’ coinage, has announced (on June 7, 2020) a national campaign to boycott Chinese products.CAIT started a drive titl...
The Rs. 20-lakh crore package announced by the central government has ostensibly failed to inspire the sentiments of rating agencies, the business fraternity, economists, and opposition politicians who reckon it to be more of a measure for long-term and not making much sense for the short term, imme...
Punjab was the first state in the country that imposed curfew to stop the spread of coronavirus. But according to commentators, economic ramifications of the extension of the lockdown can be severe. At the national level, it is reckoned that a third of the country’s labour force including daily wa...
At a recent press conference, the Indian Finance Minister Nirmala Sitharaman told that depositors of Yes Bank need not be apprehensive as their money is safe in the bank. She also added that the Reserve Bank of India (RBI) had been continuously monitoring the transactions made by the bank since 2017...
History is full of epics where small armies had knocked down bigger forces due to their meticulous strategies. Whether we talk about the tale of Goliath and David (in Bible), the battle of Panipat (fought in 1526), the battle of Saragarhi (1897) or the battle of Longewala (1971), all these remind us...
Gita Gopinath, Chief Economist, International Monetary Fund (IMF), recently stated that India’s slowdown has pushed down the global growth forecasts by 0.1%. However, the recently released Economic Survey and Budget 2020 are in complete contradiction to the observations of the IMF, wherein it is a...
The Union Finance Minister Nirmala Sitharaman will be undergoing immense strain while finalising the Budget to be presented on February 1. Four major factors – falling GDP growth, weak demand, mounting inflation, and fiscal deficit overrun will be crying for attention; each ahead of the other.&nbs...