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: ...
In today’s world many people talk about manners and ethics. We all are forgetting our roots and moving towards westernisation is what many of us will say. But, how many of us are following Dharma? In this world there is no religion which asks us to live according to our whims and fancies. Every re...
The Economic Survey is presented in both the houses of parliament every year one day before the presentation of the Annual Budget. The survey provides information about the state of the economy with the help of several economic indicators. It also forecasts economic activity for the coming year or y...
Few asked this question. Is it true? Hopefully, by the end of this article and analysis, we may find an answer. Before going into whether we are heading to the global recession, it is important to understand what are the characteristics of global recession. Characteristics of Global Recession:There ...
Floods are a recurring phenomenon in India. For the past few years, we can see more floods happening in big Indian cities. The city life gets halted for a few days (at least for a week) due to flood and water stagnation issues and policy-makers remain nonchalant about solving this issue. Major Reaso...
