Punjab remained one of the major beneficiaries of the green revolution. Later, the state turned out to be a role model for other states and provinces in portraying how agriculture can be used as a medium for fast development. However, too much dependence on agriculture (for long) as a driver of grow...
IntroductionA Noteworthy Interim Budget PresentationOn February 1, the Union Finance Minister unveiled the fifth budget of Modi Government 2.0. Despite being an interim budget, the enthusiasm displayed by the ruling party MPs indicated its significance. Over the years, the gap between interim and fu...
The global financial crisis that unfolded between 2007 and 2009 did not only impact the financial sector but also extended its reach to banks worldwide. Stemming from the rupture of the housing bubble in the United States, the crisis swiftly proliferated across the globe. Following the terrorist att...
Economic Survey released on 31st January this year had projected that the GDP growth in 2022-23 will remain7% whereas for the year 2023-24, it is forecasted to be 6.5%. The estimates of receding growth in India are inline with such estimates revealed earlier by the IMF, World Bank, etc. The growth s...
India assumed G-20 Presidency at a juncture when the fear of pandemic is looming large, economic uncertainty is increasing and Ukraine got an additional $1.85 billion military assistance from the US. PM Modi while taking over the Presidency from Indonesia stated that the challenges of climate change...
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...
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...
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...
wo years ago, when the Covid-19 pandemic gripped the world, developed economies benevolently extended unemployment benefits along with job protection schemes. This was something that John Maynard Keynes had advocated during The Great Depression of 1929 to avoid the ‘paradox of thrift’ i.e., an i...
Debate on quality may roughly be associated with the period after World War I (1920s) when scientific management made a breakthrough in American industrial units to improve efficiency. Later, when consumers started demanding value for their money, work got divided to ensure that they get perfection ...