The SAARC was formed in 1985, headquartered at Kathmandu, Nepal. There are eight countries, Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. Its observer States are Australia, China, the European Union, Iran, Japan, Mauritius, Myanmar, South Korea and the United Stat...
The recent announcement of a plan for infusion of money to the Public Sector Banks (PSBs) is certainly hopeful. This is done in order to strengthen the balance sheets of the PSBs as there are very few ways to resolve the matter. A few days ago, Pawan Bajaj, Managing Director and CEO, United Ba...
The rapid increaseof economic inequality in India has been a cause of concern. Amidst rural stress, near stagnation in industrial investment, falling GDP and most importantly reduced eployment opportunities, the wealth of the first 100 richest persons in the country has grown by 26%. More astonishin...
Richard Thaler, a behavioural economist has won the Nobel Prize in economics this year for his pioneering work in this field. The Royal Swedish Academy of Sciences, which awarded the £845,000 prize, praised Thaler for incorporating psychological assumptions into analyses of economic decision-making...
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...
