Lok Sabha Election 2019: Talking about the defeated
2019 2014 DIFF. NDA 353 336 +17 UPA 90 60 +30 MGB 15 5 +10 OTHERS 84 142 -58 A thousand kudos to the BJP, party, that won Lok Sabha elections 2019 by a decisive margin! This would bring to power a stable government for the next five years, thanks to overwhelming majority that people […]
Perspectives on Roadshow for electoral campaigning
The political leaders have been doing roadshows in increasingly large numbers. It facilitates an interface between political leaders and their party workers. It also gives people an opportunity for “darshan” (to take a glimpse) of their leader. These may appear as unbeatable positives of “roadshows.” We know that some of the developing economies are doing […]
Expenditure Limit in Election Campaign: Is there level playing field in Indian Democracy?
The Election Commission has identified unchecked money power as one of the biggest concerns and has been rooting for capping party and campaign expenditure to ensure a level playing field for all parties and to check the money power visible during every election. The Election commission had recommended amendments to the Representation of the People Act […]
State Budgets Snapshot: 2019-20-Brief summary of the State Budgets
In continuation of the States’ Budget report released by PHD Chamber on 3rd April 2019, the supplement report on remaining states is attached. The state governments have announced their annual Budgets 2019-20 making allocations in important areas relating to socio-economic welfare. A summary of the state budget highlights is given below: Jammu & Kashmir The […]
The Alternative Deal between UK and EU on Brexit: Miles to Go
Boris Johnson seems to have secured a new Brexit deal from the European Union. The EU, which was not agreeable to any change in Theresa May’s has at least indicated to replace the controversial Irish border issue (called Irish Backstop) replacing it with an alternative plan, offered up by the UK Brexit negotiators on under […]
Fresh Sanctions on Russia over Ukraine
According to the US Treasury statement (March 2019), the United States, in coordination with Canada and the European Union, has slapped new sanctions on more than a dozen Russian officials and businesses, citing Moscow’s “continued aggression in Ukraine. Six Russian officials, six defence firms and two energy and construction firms were targeted, either over the seizure of Ukrainian vessels in the Kerch Strait, […]
US will not reissue waivers for Iran oil imports
In an effort to increase economic pressure on Iran, US announced (April 22. 2019) to end waivers for countries importing Iran oil. The Trump administration told that waivers given by US to five countries – Japan, South Korea, Turkey, China and India with regard to importing oil from Iran would no more be available. The US sanctions on […]
Looking forward after Trump-Kim summit breaks down
Hanoi Summit A summit between Donald Trump and the North Korean leader Kim Jong-un ended (February 28, 2019) without agreement after the US refused North Korean demands for sanctions relief. The Hanoi Summit, was a two-day summit meeting between North Korean Chairman Kim Jong-un and U.S. President Donald Trump, held at the Metropole Hotel in Hanoi, Vietnam. According to US President […]
Monetary and Credit policy: Meaning and Importance
Monetary policy of pertains to controlling and regulating money supply and cost borrowing with twin objectives of price stability and economic growth. The monetary authority of all modern economies (countries), typically the central bank, targets an inflation rate or interest rate to ensure price stability and general trust in the currency. The other goals of a monetary policy are usually to contribute to […]
NBFC crisis: CEA for stricter compliance norms
The Chief Economic Adviser in the finance ministry Krishnamurthy Subramanian said (April 09, 2019) that the Non Bank Financial Companies are facing the problem of adverse asset-liability mismatch of firms and there are genuine fears that more non-banking financial companies (NBFCs) may default like IL&FS due to a growing liquidity crunch. According to him the […]
Urjit Patel resigns as RBI governor
Well known economist and Reserve Bank of India (RBI) Governor Urjit Patel resigned today (December 10, 2018). He said that he has decided to “step down” from his current position effective immediately “on account of personal reasons”. The governor’s decision to resign came five days after the bi-monthly policy meeting, in which he refused to answer […]
Krishnamurthy Subramanian: The New Chief Economic Advisor to Govt. of India
The Appointments Committee of the Cabinet (ACC) has approved for the appointment of Dr Krishnamurthy Subramanian, Associate Prof. and ED (CAF), ISB, Hyderabad, to the post of Chief Economic Adviser,” said a government notification. Subsequently, the government appointed ISB Hyderabad professor Krishnamurthy Subramanian as Chief Economic Adviser for a period of three years on December […]