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...
The Indian tea industry has been facing several challenges. However, these challenges would have been bigger, if the government did not pull out of the Regional Comprehensive Economic Partnership (RCEP).The challenges in the Indian tea industry are numerous. Compared to global producers like Sri Lan...
The Pradhan Mantri Kisan Samman Nidhi Yojana (PM-Kisan) was announced by the then Union Minister of Finance, Piyush Goyal during the 2019 Interim Union Budget. The PM-Kisan scheme promises payment of Rs 6000 to each farmer family every year in three instalments. This scheme was meant to provid...
Abhijit Banerjee (58), Esther Duflo (46), and Michael Kremer (54) have won the 2019 Nobel Memorial Prize in Economic Sciences. Banerjee and Duflo hail from Massachusetts Institute of Technology (MIT) and Kremer is associated with Harvard University. The prize was conferred on them for their path-bre...
Insurances are partially similar to banks and capital markets as they serve the needs of business units and private households in financial intermediation. The availability of insurance services is important for the stability of the economy. It makes business participants accept aggravated risks. Th...
Economists concerned with demography prefer to explain demographic transitions in four stages. In the early stage, while both birth rate and death rate are higher, population growth is low. In the next stage, death rate falls but no change in birth rate occur and this results in an increase in popul...
The Central Statistical Organisation (CSO) released its economic growth data about India’s GDP growth rate slipping to 5% in Q1 of FY 20, the lowest in six years.This was not unexpected as it had been 5.8% in the Q4 of FY 19. The economy has been slowing down for, at least, the last six quarters.T...
The establishment of metro rail has been treated as a panacea for solving transport problems in Indian metropolitan cities. As a low carbon emitting, safe and speedy public transport system, metro rail has emerged as a popular mode of transport in many Indian cities. There are currently 13 operation...
Kolkata-based public sector banks (PSBs), namely, the United Bank of India (UBI), the Allahabad Bank and the UCO Bank are improving their performance. UBI has started to earn profit from the fourth quarter of FY 19. In the first quarter of the present FY, UBI and Allahabad Bank have earned profits. ...
In India, logistics cost, in average, is much higher as compared to many other economies. India’s flagship programme ‘Make in India’ cannot be successful if its logistics industry remains weak. Movement of goods in production involves a certain logistic cost. The more the logistic cost, higher...
