“The worst bankrupt in the world is the man who has lost his enthusiasm. Let a man lose everything else in the world but his enthusiasm and he will come through again to success” says H W Arnold, a lieutenant general in the US army during World War II. And if his immediate reference was the army...
Price inflation in the Indian economy has been persisting by more than 6% - the upper tolerance limit of RBI - for 10 months in a row. It is mandatory for the RBI to answer India’s government if the inflation remains 6% or more for more than two quarters sequentially. After the Monetary Policy Com...
November 1 witnessed India’s central bank launching the digital currency (Rupee) in the wholesale segment. In simple terms, the use of Rupee in electronic form instead of its physical form is termed as Digital Rupee. For experimentation purpose, only nine banks – Bank of Baroda, State Bank of In...
The gold market is seeing constant profits as prices are constantly increasing for the yellow metal. Following clear global indications, this month gold prices rose in Indian markets to a nine-month high. Silver prices increased by 1% to reach `66,570 per kg on the MCX while gold futures increased b...
After two years, Diwali and Dhanteras in India got a chance to be celebrated with traditional fervor. There were almost no Covid restrictions and people were flocking to the markets. The government also permitted the usage of eco-friendly crackers. However, the customary Diwali euphoria got so...
The world is witnessing a strange contest between central banks: which will be the first one to raise its policy interest rate further to a next high; and by how many basis points more? Having missed the bus, the monetary authorities now feel so desperate that they have to stop the ...
This year's Nobel Prize in economics goes to three American economists, Ben S Bernanke, Douglas W Diamond and Philip H Dybvig for significantly improving “our understanding of the role of banks in the economy, particularly during the financial crisis.” The Royal Swedish Academy of Sciences repor...
Kenneth S. Rogoff, famous Harvard economist and former chief economist at the IMF, in a recent interview (ET, October, 14, 2022) stated that the recent policy of tightening monetary policies would hurt the global economy and may even lead to global recession. He believes that in this situation, prov...
In the first part of the article last month, we traversed the milestones in India’s march towards economic growth and developmentsince 1947. We covered a period of four decades up to the end of 1980s, including the tumultuous period of imposition of theinfamous emergency in India and eventual rest...
A class of politicians has veiled an attack against political opponents of the ruling party by saying that they are promising ‘freebies’ (revdi) in exchange for electoral votes. The controversy sparked up, when in mid-July Prime Minister Narendra Modi after inaugurating the Bundelkhand Expresswa...
