[Economy] The Green Revolution – An Update
The British had left us a nation where the hearth in many homes was not always aflame. Farmers ploughed their lands as their grandfathers did, to survive, not to produce a national surplus. […]
[Simplified] Economic Survey-2023 Highlights
Hi, Here you can find all the details of the Economic Survey-2023 and all the terminologies are explained as needed. […]
[Simplified] Budget-2023 Highlights
Hi, Here you can find all the details of the Budget-2023 and all the terminologies are explained as needed. […]
[Economy] Reducing Poverty – Lessons from China
Background Last week, the World Bank released its latest report on global poverty. It stated that “economic upheavals brought on by Covid-19 and later the war in Ukraine” had produced “an outright reversal” in poverty reduction across the planet. […]
[Economy] E-Rupee – All that you need to Know.
Background The Reserve Bank of India (RBI) indicated that it will soon commence limited pilot launches of e-rupee (e`), or Central Bank Digital Currency (CBDC) or digital rupee, for specific use cases. […]
[Economy] There are no poor people, only people in poor places
Modern state is a welfare state, but if borrowing for spending could make countries rich, then no country would be poor. State governments must sustainably create high-paying jobs by raising the productivity of five places — three are of them are not geographic. […]
[Economy] The impossible trinity & Mundell’s Trilemma
Background: The impossible trinity, or the trilemma, refers to the idea that an economy cannot pursue independent monetary policy, maintain a fixed exchange rate, and allow the free flow of capital across its borders at the same time. According to economists, any economy can choose to pursue only two out [...]
[Economy] Is it time for the gig economy?
The story so far Moonlighting — or employees working for remuneration with entities other than their employers — has been a hot topic in recent months. During the pandemic, those with desk jobs had more time on their hands and thus it was easier to take on a few projects [...]
[Economy] Unemployment Scenario in India
Background India’s unemployment rate dropped to 6.43% in September due to an increase in labour participation in the rural and urban areas according to data from the Centre for Monitoring Indian Economy (CMIE) In August, unemployment had surged to a one-year high of 8.3% as employment sequentially fell by 2 [...]
[Economy] Explained – What is Windfall Tax?
The story so far: Finance Minister Nirmala Sitharaman on Monday, September 2, defended the windfall tax imposed by the Centre on domestic crude oil producers, saying that it was not an ad hoc move but was done after full consultation with the industry. […]