The fiscal health of India’s states plays a critical role in the nation’s overall economic growth. Capital expenditure (CAPEX) is particularly important, as it creates long-term assets and generates revenue for years. On October 15, 2024, the National Stock Exchange (NSE) released its report tit...
The Economic Advisory Council to the Prime Minister (EAC-PM) recently released a working paper titled “Relative Economic Performance of Indian States: 1960-61 to 2023-24”. The paper analyzes the relative economic performance of Indian states using two key indicators: (1) Share in India’s GDP a...
Launched on August 28, 2014, the Pradhan Mantri Jan Dhan Yojana (PMJDY) marks a decade of remarkable achievements as the world’s largest financial inclusion initiative. The scheme aims to empower marginalized and economically disadvantaged sections of society. Before exploring its success story, i...
Tourism plays a vital role in economic growth and has become an integral part of human life, growing steadily over the years. Spiritual tourism, defined as tourist visits to religious worship places, is also known as faith, sacred, or religious tourism. Understanding its types is essential before ex...
IntroductionOn Wednesday, May 22, 2024, the Central Board of Directors of the Reserve Bank of India (RBI), in its 608th meeting, approved the transfer of ₹2,10,874 crore as surplus to the Central Government for the accounting year 2023-24. This windfall gain for the Central Government is more than...
The International Monetary Fund (IMF) has been warning about a growing rift in global trade along geopolitical lines. This trend could potentially lead to the collapse of world trade and a slowdown in global growth. But before delving further, it is essential for readers who may not follow internati...
On February 19, 2024, Thangam Thennarasu, the Finance Minister of Tamil Nadu, presented the state’s budget in the Tamil Nadu Assembly. The budget, framed under the theme “Crossing obstacles and marching towards growth,” places a significant emphasis on augmenting revenue to cover various schem...
The inexorable growth of technology has been a constant for many decades, and now, the rise of Artificial Intelligence (AI) is gaining widespread popularity across various fields of study. Countries and institutes are actively exploring the applications of AI in areas such as defense, banking, and t...
INTRODUCTIONDebt and monetary financing are fundamental sources to finance fiscal deficits in economies. Public debt, a significant economic indicator, showcases an economy’s health. In recent times, the escalating public debt has garnered considerable global attention, particularly in the Un...
From 22 to 24 August 2023, the leaders of the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People's Republic of China and the Republic of South Africa (BRICS) met for BRICS XV Summit held in Sandton, Johannesburg, South Africa, under the theme "BRICS and Africa: ...
