It is exactly after eight years that the Wholesale Price Inflation (WPI) has climbed to 7.39% in March 2021. Before this, in March 2013, WPI was recorded at 8.6%. Along with WPI, the all-India General Consumer Price Inflation (CPI) also increased to 5.52% in March 2021 vis-à-vis 5.03% in Febr...
A recent statement issued by the International Monetary Fund (IMF) highlighted that the debt burden on India’s central government as a proportion of gross domestic product (GDP) has increased from 74% in 2019 to 90% in 2021. At the same time, India is now appearing as one of the top bo...
On March 23, 2020 Prime Minister Narendra Modi declared the nation wise lockdown against Covid-19. However, India was not the only country to declare lockdown as many economies of the world had already done the same to counter the pandemic. In fact, by April 2020, almost half the world’s pop...
Even before India’s independence, leading industrialists of that era (JRD Tata, GD Birla, Lala Shri Ram, and John Mathai, etc.) declared in the ‘Bombay Plan’ of 1944 that post independence, only government investment would be encouraged to boost economic growth as well as for undertaking...
The 42nd amendment in the Indian Constitution was enacted by the Indira Gandhi-led Indian National Congress government during the Emergency (June 25, 1975 - 21 March 21, 1977) days. This amendment altered the Preamble and termed India as a socialist and secular country, along with sovereign, d...
On January 7 this year, thousands of farmers on nearly 3500 tractors and trolleys carried out a tractor-march against three agricultural laws. Leaders of different farmers unions stated that the protest march was just a rehearsal for their proposed January 26 tractor parade that will move into...
Few years ago, the International Monetary Fund (IMF) remarked that the Indian economy is a bright spot in the global landscape. The IMF acknowledged that the attempts of the Indian government to reduce deficit through fiscal consolidation together with an anti-inflationary monetary policy help...
News related to the Lakshmi Vilas Bank crisis in November this year prominently figured on the front pages of all the Indian newspapers. Collapse of the Lakshmi Vilas Bank is the third major failure of Indian banks in the last 15 months or so – after the failure of the Punjab and Maharashtra...
Introducing the Budget 2020, Indian Finance Minister Nirmala Sitharaman had highlighted that during the financial year 2020-21, contribution of direct and indirect taxes towards government's receipts will remain 64 paise per rupee, borrowings and other liabilities will fetch 20 paise per rupee...
In the run-up to Dussehra and Diwali, Nirmala Sitharaman, Finance Minister, Government of India, made big announcements to boost the economy and revive demand. The announcements ranged from LTC cash vouchers to central government employees, a festival advance of `10,000 and 50-year interest-fr...
