“To celebrate a festival means to live out, for some special occasions and in an uncommon manner, the universal assent to the world as a whole” is how Josef Pieper, a German philosopher and writer defined the spirit of festivals.Pieper’s perception of festivals is profoundly reflected in the s...
“Banking is fascinating. Not only does it provide the lifeblood of capitalism -- namely, credit -- but its history is uniquely coherent. Railroads, automobiles, telephones, airplanes, oil companies, and technology firms all came after banks” goes the saying. Banks have historically been a prime ...
Finance Minister Nirmala Sitharaman broke the record of the former Prime Minister Morarji Desai by presenting her seventh consecutive Budget on July 23 for the fiscal year 2024-25.But not for record breaking numbers, this year’s Budget was different in its core premises also with steady improving ...
Narendra Modi has begun his third term as prime minister on the back of a largely healthy macroeconomic scenario. India’s GDP grew at an accelerated rate of 8.2% in 2023-24 compared with 7.2% in the previous year, maintaining its position as the fastest-growing major economy. The retail inflation,...
With inflation continuing to hurt daily budgets, Indian households are finding it difficult to save money. Indian households saved a smaller portion of their income in 2022-23 compared to previous year and net financial savings have dropped to a five-year low. The Reserve Bank of India has noted tha...
The emergence of plantations in India was a part of the commercialisation strategy adopted by the British planters. Geographical spread and development of plantations in the world was in tune with the expansion of colonialism and imperialism. The growth and spread of plantation in India is no way di...
As India enters the new fiscal year, the agricultural landscape remains at the forefront of economic concerns. Last year witnessed significant restrictions on the import and export of various agricultural commodities as the nation struggled with rising food inflation following fear of a fall in farm...
“The Indian economy has witnessed profound positive transformation in the last ten years. The people of India are looking ahead to the future with hope and optimism” was how FM Sitharaman opened her interim Budget speech for 2024-25.The UN World Economic Situation and Prospects (WESP) 2024 repor...
As India enters into 2024, the automotive sector stands ready to script a remarkable growth narrative. Backed by a buoyant demand in the passenger vehicle segment despite continuing rises in commodity prices, automobile makers are optimistic to embrace new technologies, especially in the electric mo...
“The secret of getting ahead is getting started. The secret of getting started is breaking your complex overwhelming tasks into smaller manageable tasks, and then starting on the first one.” observed Mark Twain, the American humorist and author. Mark Twain's words seem to have shaped the mindset...