The year 2019, witnessed the biggest domestic slowdown in the last decade. It was painful, as the steady fall in the rate of growth was unstoppable. Reasons, which are now well-known and understood, have been documented. Components of aggregate demand, namely domestic consumption, investment and net...
The global economy has taken to the gig economy in a big way. Almost a no-strings-attached affair, gig economies are gaining popularity as they benefit both employers and the employed. Employers don’t need to worry about providing steady, year-round salaries. They can employ workers on an assignme...
Do you believe in the story of a shepherd delivering justice by sitting on the mound which, upon digging by a curious King of Ujjain, was found to be the seat of throne of the legendary King Vikramaditya?That really happened when the Reserve Bank of India (RBI) stunned economists and the markets on ...
Is the economy hit by a climate of fear? This question is doing rounds after the recent public pronouncements by noted industrialist Rahul Bajaj and former Prime Minister Manmohan Singh. Rahul Bajaj hit the headlines on November 30 when he spoke of industrialists being scared to speak out on their p...
A few days ago, the reporter had visited some parts of Uttar Pradesh (UP). While he was there, he interacted widely. The current status of the Indian economy was an important part of those interactions. Many of these discussions revolved around the high level unemployment and the increasingly irregu...
Indian Finance Minister (FM) Nirmala Sitharaman announced the government’s decision to divest five public sector companies by March, 2020. The state-run airline, Air India and oil refiner and marketer Bharat Petroleum Corporation Limited (BPCL) are among the five shortlisted companies. The privati...
There is an Act known as the Fiscal Responsibility and Budget Management (FRBM) Act, 2003, which delineates responsibilities of the central government to ensure proper fiscal management and long-term macro-economic stability. This is by achieving sufficient revenue surplus and removing fiscal impedi...
SREI Infrastructure Finance Limited has reported a consolidated profit after tax (PAT) of Rs 55.37 crore during the quarter ended on September 30, 2019 as compared to Rs 110.97 crore during the corresponding quarter of previous year.The company's consolidated PAT was at Rs 98.04 crore ...
The manufacturing sector serves as an engine of growth of an economy. The positive relationship between the growth of manufacturing outputs and the growth of GDP has been established by economists following Kaldor’s laws. That is why development strategies focus on industrialisation. But then, ind...
Despite some popular claims, historical records of commercial policies of the Western economies indicate an inherent, age-old struggle between liberalism and protectionism. Indeed, in the West, free trade has always been the exception and protectionism the rule. On the contrary, the entire Asian reg...
