India;s Economic Development and Policies
The former Chief Economic Adviser (CEA) Arvind Subramanian, in an interview with the PTI, called for an investigation by experts into the back series GDP data of India to clear doubts and build confidence in the country. He opined that the “puzzle” about the data needs to be explained. According to him, the institutions which […]
Shekhar Sengar Bimonthly RBI Monetary Policy June 2018 The Monetary Policy is reviewed by Monetary Policy Committee (MPC) of the Reserve Bank of India. This time RBI governor Urjit Patel headed the six member NPC. This was the first three-day bi-monthly policy meeting (June 06) of MPC headed by Urjit Patel. The next meeting of the […]
A person who is in the age group of working population (15-60 years), is called unemployed if s/he does not get work, despite offering himself in the labour market for work on existing wage rate. There are various sub categories of unemployed people such as underemployed, seasonally unemployed and disguisedly employed. If a person voluntarily […]
Public Finance studies the finances of the government, i.e., government’s receipts (revenue receipts and capital receipts) and government’s expenditure (revenue expenditure and capital expenditure). Government’s revenue is called Public Revenue and government’s expenditure is called Public Expenditure. The classical theory and practice of economics were based on “Laissez Faire” or free economy, in which there […]
The Asian Development Bank in its 2018 Asian Development Outlook released on April 11, 2018 raised its 2018 economic growth estimate for developing Asia from 5.8 percent to 6.0 percent citing solid export demand. However it pointed out that the U.S. protectionist measures and any retaliation against them could undermine trade in Asia. Further the […]
In a recent interview with CNBC-TV18, Raghuram Rajan, the former RBI governor who left the office in 2016, has said that 7.5% growth rate is not enough for employing 12 million people in the country. India had slumped to a three year low of 5.7% in the first quarter of FY18, but disruptions caused by […]
In the Union Budget Estimate 2018-19, most schemes have been bolstered, but some have been cut. Pradhan Mantri Krishi Sinchai Yojna INCREASED Revised Estimate, 2017-18 Budget Estimate, 2018-19 Change Rs 7,392 crore Rs 9,429 crore 27.56% Pradhan Mantri Gram Sadak Yojna INCREASED Revised Estimate, 2017-18 Budget Estimate, 2018-19 Change Rs 16,900 crore Rs 19,000 crore […]
The Reserve Bank of India announced its 6th bi-monthly monetary and credit policy on January 06, 2018. It kept the key policy rate unchanged at 6 percent for the third consecutive time in view of firming inflation. The Reserve Bank of India’s monetary policy committee on Wednesday decided to maintain status quo on the policy […]
Unprecedented Crash India’s stock markets fell from its never seen peak on February 06 as panic in global markets triggered a sell-off at Dalal Street with Sensex crashing 1,003 points and Nifty erasing as much as 371.4 points in the opening trades. A market-wide sell-off pattern was observed in the Indian equities as the US benchmark […]
While an average Indian family prefers to have two children, there are instances where families have more than five children if the last child is not a male. The Economic Survey has mentioned that the desire for a male child has created 21 million “unwanted” girls in India between 0 and 25 years. Chapter Seven […]