There have been two recent incidents in the past few months that may have escaped our notice but can provide our economy with a sense of direction. The first is the occurrence of heavy fog in the national capital. This was largely blamed on the burning of agriculture waste by farmers in far-flung Pu...
The trade war, rising rupee exchange rate, rising current account deficit, and the like have been major topics of concern for Indian economy watchers. They have sparked contentious political debates. While these are important issues, the larger focus on employment generation should not get diluted.T...
Satyajit Ray’s famous Bengali film, Seemabaddha (1971), opens with the dialogue that translates to, “One of the major problems in Bengal is unemployment.” The same is true for India now. According to a report published by the think-tank, the Centre for Monitoring Indian Economy (CMIE) that tra...
In October, each year, the Global Hunger Index (GHI) is published. This year, India ranked 103rd out of 119 countries- down three positions from last year. Some of her South Asian neighbours fared better with Nepal ranked 72nd and Bangladesh 86th. India is now known for its high GDP growth at 7% and...
The continuing trade war between the United States of America and China is concerning the world. The trade war will not only affect China but also the traditional allies of the US. The future of this trade war depends on how bad the protectionism turns and how dire the consequences would be. But it ...
The Sveriges Riskbank Prize in Economics also known as the Nobel Prize in Economics of 2018 has been awarded to two American economists, William D Nordhaus of Yale University, New Haven and Paul M Romer of NYU Stern School of Business, New York. Nordhaus has been awarded the prize “for integ...
We have seen in past that the market has been stunned by monetary policy actions of central banks. Last fortnight, it was different. The markets stunned the Reserve Bank of India.The Indian rupee plunged to Rs 74.22 per US dollar. The rupee fell to the lowest value ever in terms of th...
Another step for bank amalgamation has been on the fore. The finance ministry of India is going to amalgamate three PSU banks, Bank of Baroda, Vijaya Bank and Dena Bank. After merger the new bank will be the country’s third largest bank. What is the reason behind the merger? The big banks ma...
It is now recognised that trade deficit and current account deficits would widen if the government and the monetary authorities did not give up their stand-off position; and they should do much more beyond offering Band-Aid solutions. Their efforts to attract more inflows of capital of short term va...
The gross domestic product (GDP) performance of the first quarter (April-June) of the current financial year 2018-19 (FY19) has been beyond anyone’s expectation. An 8.2% growth of GDP, although from a low base of 5.6% in Q1 FY18, is commendable when one compares it with that of other countri...
