India is leading the G20 group of nations betweenDecember, 2022 and November, 2023. There are 19 economically big countries and European Union countries which are permanent members of the group. Each of the members must take leadership in turn for a year and India’s Prime Minister, Narendra Modi h...
Almost everyday well circulated newspapers around the world are reportedly pointing out that the US and most of the countries in the Eurozone are going to face economic recession in the coming quarters. Quite a number of agencies including the IMF and many economists are not very sure about the econ...
Price inflation in the Indian economy has been persisting by more than 6% - the upper tolerance limit of RBI - for 10 months in a row. It is mandatory for the RBI to answer India’s government if the inflation remains 6% or more for more than two quarters sequentially. After the Monetary Policy Com...
This year's Nobel Prize in economics goes to three American economists, Ben S Bernanke, Douglas W Diamond and Philip H Dybvig for significantly improving “our understanding of the role of banks in the economy, particularly during the financial crisis.” The Royal Swedish Academy of Sciences repor...
Kenneth S. Rogoff, famous Harvard economist and former chief economist at the IMF, in a recent interview (ET, October, 14, 2022) stated that the recent policy of tightening monetary policies would hurt the global economy and may even lead to global recession. He believes that in this situation, prov...
A report published in October 2020 shows that in India, the annual production loss due to pests and diseases was estimated at `90,000 crore. According to RG Agarwal, Group Chairman, Dhanuka Agritech, “At present these losses may be around `5 lakh crore despite the fact that we use around 60,000 to...
India completed 75 years of its independence on August 14, 2022. It will be observed throughout the year with full enthusiasm. The achievements and failures after independence in various areas like political, economic, social and health are being evaluated by the government and various stakeholders ...
In India credit is inevitable for the small and marginal farmers. This is because the farm sector income is low and their saving capacity - making them vulnerable to several risks. The formal banking sector loans are cheaper and more suitable for farmers but there have been problems regarding access...
After about a four-decade spell of good returns the agricultural sector, particularly the small and mid-size farming segments, are facing severe problems. The growth rate of the sector has been more than 3% but quite a huge number of farmers have been suffering from the realisation of favourable inc...
The Union Budget 22-23 has allocated more funds for education as compared to the previous year’s budgetary allocation. School education has received `63,449.37 crore and `40,810.34 crore has been allocated to higher education. Some of the main areas of the education budget are mentioned below:·&n...
