The Covid-19 pandemic meant a muted celebration of International Tea day. The United Nations (UN) had declared May 21 as International Tea Day. India took the initiative for this and started this on its own on December 15, 2005. A year later, Sri Lanka celebrated it and it spread to the rest of the ...
Many economists think that the Indian economy has entered into liquidity trap situation. The idea of liquidity trap is a concept. This was observed in the early 1930s in many Western countries particularly in the USA during the period of Great Depression. What is the idea of liquidity trap?The idea ...
After the declaration of the Rs. 20 lakh crore financial package by Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman detailed the entire plan of action over five days. Financial observers have noticed that the additional expenditure would be only about 10% of what was declared ...
According to an article written by economist C.P. Chandrasekhar and published in the January 2020 issue of The Economic and Political Weekly, “As in September 2019, there were 9642 Non-Banking Financial Companies (NBFCs) out of which only 82% of India’s NBFCs were deposit taking institutions (NB...
In the Covid-19 episode, the Indian economy has been shrinking. This means, due to almost complete lockdown, only a portion of the economy has been under operation. Therefore, rate of growth of the economy is negative. Meanwhile several forecasts by various organisations put forward their estimate o...
The sudden announcement of the nationwide lockdown by Prime Minister Narendra Modi has shaken the rural economy. The economically marginalised and those engaged in the unorganised sector have been the worst affected. In this article, a few matters concerning the rural economy and the agr...
The present global economic situation - following the coronavirus pandemic - is an eye-opener. It may lead to question the basic economic development model.Some economic commentators are of the view that Indian economic policymakers have taken several war-like measures to mitigate the crisis. Some o...
The Indian economy has been slowing down for about a year. Many observers are busy discussing various economic and political problems. The the coronavirus pandemic has also pre-occupied policy makers and masses alike. However, important human development matters are losing focus in India. Stag...
In the 2020-21 Budget, the allocation for the Ministry of Health and Family Welfare and the Ministry of AYUSH has been increased marginally - from `66,466 crore in 2019-20 to `69,234 crore. However, the ` 2,768 crore additional allocation cannot compensate for the price rise in the health sector. Ke...
