India’s retail inflation unexpectedly accelerated to a 15-month high of 4.88% in November 2017 while industrial production slowed down to 2.2% in October. Retail inflation, which rose 3.58% in October, rose in the subsequent month mainly on account of rising fuel and food prices. While fuel price inflation accelerated to 7.9%, food price inflation was […]
According to the World Inequality Lab’s World Inequality Report 2018, the richest 1% captured twice as much as the poorest 50% of world population since 1980. In other words, since 1980, 27% of all new income worldwide was captured by the richest 1%, while the poorest 50% captured only 13% of growth. The World Inequality Report […]
The Union Cabinet approved (December 15, 2017) a proposal mandating that government will bear the merchant discount rate (MDR) charges on transactions up to Rs 2,000 on all debit card, BHIM UPI and Aadhaar-enabled payment systems in order to promote digital transactions in the country. This means apart from merchants, consumers will not have to […]
President Donald Trump recognised the disputed city of Jerusalem as Israel’s capital on November 06, an historic decision that overturns decades of US policy and risks triggering a fresh spasm of violence in the Middle East. He claimed, “I have determined that it is time to officially recognise Jerusalem as the capital of Israel.” The […]
(This appeared in one of the most independent journalism platforms in India named The Wire and the featured article has huge worth for students who want to understand the great leader and the first prime minister of India- CSS Editorial) My dear Jawaharlal ji, Greetings from an India you loved and which loved you immensely in […]
The only leader from the pre-Independence era who continues to inspire millions, has become an icon of social revolt and is being discovered by more and more Indians across castes and religions is Babasaheb Ambedkar. As the country observed his 61st death anniversary on December 6, it is important to look at his core insights […]
Massive tax cuts for working families across America,” was how Donald Trump described the tax bill, which passed the Senate on Saturday, in the first legislative success of his Presidency. Trump also approvingly re-tweeted a group of economists at the weekend who claimed that: “The enactment of a comprehensive overhaul – complete with a lower corporate tax rate – […]
The Reserve Bank of India in its fifth bi-monthly policy review of the fiscal year announced on December 26, 2017 that it is keeping the key interest rates unchanged at 6%. The RBI also maintained its projection for FY18 real GVA (Gross Value Added) growth at 6.7 per cent, saying the risks are evenly balanced. The […]
Women’s World Youth Boxing Championships 2017 took place in Guwahati ( November I9-26). The Four boxers from Haryana – Nitu in light flyweight (45-48 kg), Jyoti in flyweight (51 kg), Sakshi in bantamweight (54 kg) and Shashi Chopra in featherweight (57 kg) – won gold in the first four final bouts. Assam’s Ankushita Boro added […]
The Asia-Pacific Economic Cooperation (APEC) Summit was held in Da Nang, Viet Nam (November 6-11, 2017). Amid the fast changing geostrategic context and domestic situation in a number of countries, APEC Summit was marked by commitment to free trade and globalization despite US president Donald Trump’s reservation. It was the culmination of year-long hosting of APEC […]