Non-performing assets (NPAs) have become a major challenge for both public and private sector banks in India. In the exuberant milieu that started way back in 2004-05 and continued for three years until the global financial crisis in 2008, large corporations conceived major project proposals in capi...
Arguably, the year will be remembered and referenced in days to come for a mixed bag of economic events. If it was for the ushering in the GST regime in the country on the one hand, the unmasking of banking frauds that unfolded the NPA mismanagement story in the Indian banking system, should be the ...
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) at the end of its first bi-monthly meeting of the new fiscal year on April 5, 2018, took the decision to maintain its benchmark repo interest rate at 6%. This decision has been taken for the next two months. Consequently, the rev...
Nobel Laureate and economist Paul Krugman has recently remarked that lack of employment poses the biggest risk to India even as he has remained optimistic about the growth story that will be driven by the world’s fastest-growing economy’s young population.With the fear that India is experi...
The Ministry of Tribal Affairs, Government of India, is responsible for the planning and coordination of programmes aimed at the development of tribal communities. Their main objective is to provide a more focused approach on the integrated socio-economic development of the Scheduled Tribes (S...
Around 65% of India’s population is composed of young people. The Indian economy has a large pool of educated and trained young people. But it is also an established fact that unemployment is growing in India and there is dissatisfaction among the youth. Dependence on agriculture is decreasing. Fr...
It started with the first shot in the trade war fired by the US President Donald Trump. It was not unexpected, as he fought his presidential election campaign promising action against “unfair trade practices” and “manipulative exchange rate” polices of China and vowed to protect American job...
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...
In the economic history of our country, there have been some significant developments in the formulation, enunciation and management of fiscal policies over the last decade. In this era, concerted efforts have been made to simplify the tax structure. Introduction of the Direct Tax Code (DTC) and GST...
