During the 2024 Indian Lok Sabha elections, exit polls projected that the alliance led by Narendra Modi’s Bharatiya Janata Party (BJP) would increase its 303 seats in the 543-member lower house and likely secure a two-thirds majority, sufficient to initiate constitutional amendments. As a result, ...
IntroductionOn Wednesday, May 22, 2024, the Central Board of Directors of the Reserve Bank of India (RBI), in its 608th meeting, approved the transfer of ₹2,10,874 crore as surplus to the Central Government for the accounting year 2023-24. This windfall gain for the Central Government is more than...
India is facing a severe unemployment crisis at a crucial juncture when its economy is recognized as one of the fastest-growing globally. Immediate and innovative strategies are urgently needed to leverage the demographic dividend inclusively.The country faces a paradox where economic growth do...
Last month in mid-June, the world was taken by surprise, if not shocked, by the news splashed over the internet, but not in the mainstream media. It was about the “demise of the United States (US) dollar”. We are all prepared for the dangers of getting older and becoming more prone to age ...
Since the onset of Covid-19, there has been a noticeable surge in the distribution of unsecured and high-risk loans by both banks and non-bank financial companies (such as Bajaj Finance, IFCI Limited, LIC Housing Finance, Aditya Birla Finance, etc.) across India. These loans, primarily in the form o...
The basic issueThere has been a sharp reduction in the household net financial savings rate in 2022-23, leading to an overall decline in the financial savings rate. The savings rate refers to the amount of savings as a percentage of GDP, while household savings measure the change in financial assets...
Company ProfileA member of the Tata Group, Tata Consumer Products is an Indian Fast-Moving Consumer Goods company. Mumbai serves as the company’s corporate headquarters, while Kolkata serves as its registered office. It is a significant producer of coffee and the second-largest manufacturer and di...
In recent weeks, there has been a surge in tax notices affecting the Indian startup ecosystem, particularly in the fintech sector. Notices issued under Section 68 of the Income Tax Act have targeted several startups, probing into their venture capital funding. These notices delve into the origin and...
Gross Domestic Product (GDP) serves as the fundamental measure of economic performance for every nation. It reflects the market value of all goods and services produced within a country’s borders in a given year. However, a more pertinent measure is GDP per capita, which accounts for the GDP divid...
IntroductionIndia’s significant and escalating income and wealth inequality have garnered attention among economists and global observers. The issue has taken center stage in the ongoing parliamentary election, as highlighted by the Loknity-CSDS 2024 pre-poll survey (The Hindu, April 11, 2024). Th...
