Joseph Stiglitz, winner of the Nobel Prize, former Chief Economist of the World Bank, and Chairman of the Council of Economic Advisers under President Bill Clinton, has raised some fundamental questions about the standard textbooks of economics which are used not only in the US but in man...
Blended Finance is an approach being promoted by the United Nations Development Programme (UNDP) as a recovery strategy for the post-COVID phase. BE’s Ankit Singh spoke to Karanraj Chaudri, Advisor, SDG (Sustainable Development Goals) Finance, UNDP India.Q. What is blended finance and how doe...
After almost two months of severe lockdown, calls for lifting it are growing louder as economic costs are pile up while Covid-19 cases show no signs of reducing.India can’t afford an extended lockdownThe government has started relaxing lockdown rules for selected economic sectors like automation, ...
Many economists think that the Indian economy has entered into liquidity trap situation. The idea of liquidity trap is a concept. This was observed in the early 1930s in many Western countries particularly in the USA during the period of Great Depression. What is the idea of liquidity trap?The idea ...
In the month of April when the country was observing a lockdown, few Indian state governments notified to reform or suspend most of the labour laws in the formal sector. This was done to provide impetus to the struggling industrial sector and offer them some flexibility. The laws that are going to b...
An IT employee in Hyderabad, originally from Tripura, spoke to BE about the difficulties of not receiving her salaries amidst the Covid-19 lockdown. She said, “I have to pay my rent every month along with other regular payments like electricity bills. I am on the verge of exhausting all my s...
Bank of Baroda’s Mega MSME Outreach ProgrammeThe Bank of Baroda recently conducted a ‘Mega MSME Outreach Programme’ to connect MSME borrowers across India through a live webinar. A large number of MSME borrowers along with the bank’s general managers, zonal managers, regional managers, branc...
The trade war between the United States of America (USA) and China, the world’s the first and second largest economies began as a ‘cold war’ much before President Trump assumed office in 2017. China, which was accused of manipulating its currency to make its exports cheap, be...
Prime Minister Narendra Modi in a recent meeting with the chief ministers asked them to be ready to woo companies that are quitting China due to the Covid-19 pandemic. Relevantly, American, Japanese, and South Korean companies are planning to leave China owing to the Covid-19 pandemic. But rehabilit...
In the Covid-19 episode, the Indian economy has been shrinking. This means, due to almost complete lockdown, only a portion of the economy has been under operation. Therefore, rate of growth of the economy is negative. Meanwhile several forecasts by various organisations put forward their estimate o...
