On February 6, 2020, Prime Minister Narendra Modi stated in the Indian parliament that India’s economic fundamentals are strong. A similar sentiment was expressed by Finance Minister Nirmala Sitharaman while presenting Budget 2020.A large number of economists and observers have been pointing out t...
Economic boost through huge investments in infrastructure has been a common policy of many governments. Quite a large number of countries have been able to achieve high rates of growth by following this policy. The Modi government since its inception in 2014, also took a similar policy. Policies lik...
The Institute of Cost Accountants of India’s (ICAI) Global Summit 2020 was held in New Delhi recently. The summit focussed on the role of Cost and Management Accountants (CMAs) in achieving high economic growth for India. India’s high growth has been a topic for many observers, particularly, aft...
The Indian Railways (IR) has been going through a rough financial patch for the last few years. But this year, it has reached an unprecedented low. The operating ratio (OR) is one of the most popular measures used to show the strength of railway finance. It has come down to 98.44% in FY 2018-19. The...
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...
