The agriculture sector is expected to do well this year. But despite a normal monsoon, the total area sown in the country has decreased by 0.6% compared to last year. The gross value added (GVA) in agriculture has been plummeted to 0.3% in the first quarter of the present FY18 (April-June) in spite ...
IntroductionThe recent release of data by the Central Statistical Office (CSO) on gross value added to the Indian economy poses a cause of concern. The CSO showed that the Indian economy grew 5.7% in the first quarter of 2017-18 financial year (FY), that is, in April-June. In the same period o...
The Jute Corporation of India (JCI) will have a greater role this year in the pricing of raw jute in India. This year is particularly important because the production of jute is expected to be much higher in spite of the flood impact in West Bengal, the biggest producer of jute in the country. Purne...
A few days ago the reporter had to face an unfortunate situation at a railway booking counter in Kolkata. He was to buy a ticket for Trivandrum. He had to opt for a break at Chennai with a gap of about two hours to catch another train. This was because there was no suitable direct train to reac...
Till 2005-06, the Indian Airlines and Air India (AI) had been running profitably. These two organisations were merged into AI in 2007. It is seen that between 2007-08 and 2012, AI suffered heavy financial loss. In 2012, the government went for a turnaround plan for AI. In 2011-12, AI had loss of Rs&...
RBI Governor Urjit Patel speaking on the Third Bi-Monthly Monetary Policy Statement 2017-18.The Reserve Bank of India (RBI) reduced the repo rate by 25 basis points or 0.25% on August 1. It was an expected move. The repo rate is the rate at which the commercial banks take short term loan from the RB...
The stock market prices are rising to record levels. Reports show that at 32,000, the Sensex traded at 18.5 times the estimated one-year forward earnings. A comparison with the prices of stocks with those of emerging markets as a whole shows India has become relatively less attarctive now for the in...
his year is the 125th birth anniversary of Prasanta Chandra Mahalanobis. Pranab Mukherjee, who was serving as the President of India at the time of the programme, inaugurated the 11th Statistical Day at the Indian Statistical Institute, Calcutta, on June 29. Statistical Day is observed throughout In...
What are the fundamental factors in examining the health of an economy? The economists differ in pin-pointing the fundamental factors. The focus is usually on the level of inflation, fiscal deficit, trade surplus, growth, interest rates, etc. Some consider the amount of capital formation and g...
The recent revision to the base year for the index of industrial production (IIP) reflects the recovery of the industrial sector of India. Earlier, the base year was 2004-05. The present base year has been revised to 2011-12. What is IIP? The IIP indicator measures the short-term changes in the volu...
