Economy

In a decision that could set a precedent in the Indian financial sector, the Financial Intelligence Unit (FIU) under the Ministry of Finance has fined global crypto exchange Binance a hefty Rs 18.82 core (approximately $2.2 million) for not…
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Union Cabinet in its first meeting of NDA 3.0 has announced new support (MSP) for 14 crops. The hike is very minimal and ranged between five to seven per cent (except for Niger and Ragi) and does not reflect the increased cost of…
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India’s latest GDP figures could not have come at a better time for the ruling party BJP.. As the final phase of parliamentary voting draws to an end, the GDP figures for 2023-24 at 8.2 per cent show a hefty growth rate of the Indian…
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Gross Bank Credit in India has witnessed only a little improvement compared to last year. The latest data release
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At the call of United Forum of Bank Unions (UFBU), bank employees and officers have participated in the nationwide strike on December 16 and 17, 2021
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The basic premise of the business model of a gig economy is having a large pool of workers at all times. This large supply of workers is then matched with fluctuating demand for services.
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Neither the government nor the gas companies have explained why the LPG prices for commercial cylinders have been increased, a decision that has caused widespread concern on its effect on the slowly recovering economy.
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Make in India has lost steam. Prime Minister Narendra Modi flaunted success stories from the rampart of Red Fort in the Independence Speech in 2019.
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It is a long haul from the BRIC report of Jim O’Neill of Morgan Stanley who had predicted the changing kaleidoscope of the world economy.
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Certain things grow on you without you even noticing it; it could be an emotion, an addiction or even a deadly disease like cancer. This has been the case with cryptocurrencies.
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The state run Central Electronics Limited (CEL) has become the second victim of Modi government’s selling spree of public sector companies this year.
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While the world is moving at a fast pace to embrace electric vehicles, India seems to have lowered a gear or two down, with the result that the country does not even figure in the growth estimates of major EV markets around the world.
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In economics, there is a concept of intra-industry trade, which is trading in similar items. For example, China exports Lenovo computers to Japan and in return imports Sony computers. When countries trade in similar technology-intensive…
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There might have been some fake news about cryptocurrency, but blockchain technology on which cryptocurrency is based is certainly a disruptive technology. But days are not far off when digital currency and blockchain technology are adopted…
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The current pandemic has disrupted almost all industries and sectors. Thus, the following three concerns would probably top everyone’s mind today: 1. When will the pandemic be over? Pervasive lockdowns have slowed the virus, but a…
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BIG OIL MIGHT FARE BETTER THAN STATE-OWNED COMPANIES Crude oil, once used to be called liquid gold, is plumbing the depths only The Economist had dared to predict. The Economist, London-based magazine founded by 19th century most prominent…
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COULD LIFE IN LOCKDOWN BECOME THE NEW NORMAL? Hard to imagine life without a lockdown in these days of corona! The feeling will remain for as long as we do not get on the back of this killer contagion. Particularly, in the absence of a…
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GOVT MUST COME OUT WITH CONCRETE PROGRAMME TO SAVE LABOUR 14 crore working Indians have lost their jobs as of now as a result of the lockdown in the country due to COVID 19.Th national lockdown is scheduled to end on May 3 but it may…
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TRADE UNION BODY SAYS RS 5 LAKH CRORE CORONA SUPPORT IS NEEDED The All India Trade Union Congress (AITUC) on Friday termed the government’s economic package inadequate to tackle the situation arising from COVID–19 and said it includes…
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BESIDES After observing a day-long ‘Janta Curfew’ on March 22 on a call from Prime Minister Narendra Modi, fifty-four year old Rajesh Solanki clapped and clanged utensils along with his family members joining the nation in expressing…
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TIME RIPE FOR AN IMPACT AUDIT The government’s latest resolve to invest as large as Rs 102 lakh crore in infrastructure is most welcome But, it may have little impact on the country’s shrinking economic growth unless they are properly…
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TIME TO RAISE BANK RATES, STABILISE ECONOMY Indian economy is witnessing an amazing contradiction. Its growth rate in 2019 is among the lowest in the last two decades. But, its stock market is booming like never before. There is every…
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CENTRE NEEDS TO START DIALOGUE The economy is tizzy. The figures apart certain avoidable developments are adding to the worries. The slowdown or falling GDP has caused enough anxieties. Countrywide disruption in the wake of Citizenship…
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MODI REGIME IS CLUELESS ON THE REAL REASONS Economic slowdown is affecting all sections of society. But corporate lobby and the rich are taking advantage of the slowdown to extract benefits and press for favourable structural changes from…
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INDIA IS ALMOST 85 PERCENT IMPORT RELIANT ON OIL After the economic slowdown comes the oil shock. The multiple drone strikes on Saudi Aramco’s two major oil facilities have already cut down Saudi Arabia’s oil production by 5.7…
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