Sunday, December 7
Home>>Economy (Page 2)

Tag: Economy
BJPBusinessIndiaPolitics

Centre Ignores Inflation: A Dangerous Sign For Nation’s Future

Isha PoddarJune 24, 20220

The Reserve Bank of India (RBI) is in inflation pointing central bank. Legally, RBI needs to check on inflation. The central bank expects the economy to increase by 7.5%, less than the IMF estimate of 9%. Economic growth has suffered a lot and will suffer more because of the nascent recovery hit by the COVID-19 wave, both at the international levels. The expenditure that the government is making is not high enough to provide a massive boost to the economy. Private consumption, which holds the key to growth, also went below the pre-pandemic levels and showed no sign of improving. RBI is hopeful the government-invested capital will make a massive difference in the coming time. The previous experience does not support this hope or expectation. The central bank believes that the reta...

Read More
ArticleFinanceInternational

Sri Lanka’s Economy Aggravates As Country Faces Sharp Financial Fall

Sayani ChakrabortyMay 23, 20220

The nation has recently gone through its worst-ever economic crisis. This unprecedented catastrophe was brought on by poor financial management, unscrupulous officials, and natural disasters in rural areas. The government's inept handling of the economy has contributed significantly to the sharp rise in inflation. In order to meet its need for essential goods, Sri Lanka must import a variety of things such as food, paper, sugar, lentils, pharmaceuticals, and transportation equipment. Due to a scarcity of available foreign currency, it will be unable to buy or import certain essential commodities. It is anticipated that there would be a serious lack of food in conjunction with the financial disaster. The decline in the value of the currency has led to a rise in the prices of vario...

Read More
ArticleFinanceNews

Dynamics Of Inflation In Economy: Its Impact On Development

Sayani ChakrabortyMay 16, 20220

According to statistics that were released by India's National Statistical Office on Thursday, the country's retail sector had its highest level of inflation in eight years during the month of April. This occurred as a result of escalating prices for food and gasoline, in addition to interruptions in global supply chains brought on by the crisis in Ukraine. According to the Consumer Price Index (CPI), there was a rise of 7.8% in consumer prices in the month of April. The price of food is a substantial contributor to the overall rise in retail price inflation. When inflation goes up, it may be harmful to the economy, yet, when inflation goes down, it can also be harmful to the economy. The Federal Reserve does not have a precise target for inflation, although policymakers, in gene...

Read More
ArticleIndiaSociety

Find Out Where India Stands In Food Processing Sector: Why Is It Important?

Pooja YadavMay 13, 20220

Considering the potential Indian sector, India's food processing industry is estimated at $135 billion which is growing at the rate of 8% annually. These signals somewhere truly indicate toward phenomenal shift toward food processing from traditional ways. GDP by processing constitute about 10% of that of agriculture. But given the potential of India, this can be an underachievement. India has about 26 forms of the different climates, 46 styles of soils are there in India out of a total of 60 sorts of soils worldwide. 127 ‘agro-climatic zones’ are identified in India. Also, Indian food is understood worldwide for its unique taste and aroma. India’s regional and cultural diversity is unique and perfectly reflected in food as emotions. Every state in India has something unique to s...

Read More
ArticleCOVID-19IndiaLatest News

Retail Inflation Jumped To All-Time High In Last Eight Years; Read To Know Reasons!

Gunjan ChaudharyMay 13, 20220

The common people of the country have once again suffered a major setback on the inflation front. In fact, retail inflation has increased more than expected in the month of April. According to the data released by the government on Thursday, the Consumer Price Index (CPI) in the month of April stood at 7.79%. This figure for retail inflation is the highest in the last eight years. Retail inflation has risen on the back of a sharp rise in food prices and has remained above the Reserve Bank's target upper limit for the fourth consecutive month. Inflation based on the Consumer Price Index (CPI) stood at 6.95% in March this year and was 4.23% in April 2021. Food inflation rose to 8.38% in April, from 7.68% in the previous month and 1.96% in the same month a year ago. The government has a...

Read More
ArticleFinanceIndia

How Direct Benefit Transfers Can A solution To Problems Of Subsidies?

Pooja YadavMay 12, 20220

Though one of the benefits of subsidies is that the greater supply of products, a shortage of supply also can occur. this is often because lowered prices can cause a sudden rise in demand that several producers may find very hard to satisfy. Ultimately, it can result in very high demand which causes a rise in prices. Subsidies are usually effective and helpful. However, if the govt. were to form a report of its success in using subsidies, it might be a distinct story. this is often because it's hard to quantify the success of subsidies. How will the govt raise funds to use for subsidizing industries? after all, by imposing higher taxes. So, it's the final population and corporations who provide the means to enable the govt to subsidize industries. Given above are only few samp...

Read More
ArticleFinanceIndia

Delhi Tops As Start-up Capital, Pushes Bengaluru To Second: Survey

Monomita NagFebruary 13, 20220

As per the recent Economic Survey, Delhi with 5,000 registered startups has emerged as a major city replacing  Bengaluru, popularly known as the 'Silicon Valley' with only 4,500 newly registered companies. However, Karnataka policymakers are not perturbed by the loss of this rank. They are unfazed because of two factors -- Bengaluru's share of investment flow and the number of startups reaching unicorn status. Dr. C N Ashwath Narayan, Karnataka minister for electronics, information technology and biotechnology said that comparatively, Bengaluru is far ahead of Delhi-NCR on certain factors such as growth, sustainability and most importantly, the size of FDI among others. He also pointed out that Bengaluru has attracted 45% of total FDI investment in India during the first si...

Read More
ArticleInternationalLifestyle

A Huge Attrition Phenomenon Of Working People Is Making The Companies Ponder Globally

Monomita NagJanuary 24, 20220

Since 2020 the world is witnessing a great resignation phenomenon'. People are resigning throughout the globe in top corporates, IT companies, and even in smaller firms. Last year millions of working people resigned in their own volition. Covid pandemic is the biggest factor for such high attrition. Drastic changes introduced in companies all over the world due to pandemic is to blame for this. It was observed that the employees were unable to face prolonged emotional and mental stress in their workplaces.  However, the attrition is restricted to medium category and low wage workers and the sectors that have been most affected are transportation, hospitality, health, education, retail, etc. One example will suffice to understand the seriousness of the problem. It is recorded that 20 milli...

Read More
ArticleFinanceIndiaNews

Tamil Nadu To Achieve $1 Trillion Economy By 2030, Check Out How!

Monomita NagJanuary 13, 20220

Tamil Nadu is on its way to touching the target of becoming a $1 trillion economy by 2030, the finance minister of the state, Palanivel Thiagarajan, said on January 13. He also said the state will also log in $100 billion exports by the same year. “Not only can we achieve the $1 trillion target very reasonably, we also have unlimited potential if we get some basic things right. We require nominal growth of 13 per cent for the next ten years to achieve this. If you take out the inflation of 5-6 per cent, 7-8 per cent real growth is easily achievable,” Thiagarajan said during a summit. The state has announced two policies -- Tamil Nadu Export Promotion Strategy and Tamil Nadu Fin-Tech Policy. It is being hoped that these new-fangled policies would play a vital role in achieving the vi...

Read More
BusinessCOVID-19FinanceIndiaPolitics

Check Out The India’s GDP Forecast For The Year 2022!

Sayani ChakrabortyDecember 31, 20210

The International Monetary Fund (IMF) estimates that India's GDP will rise by 9.5 percent in 2021 and 8.5 percent in 2022, making it the world's fastest-growing economy in both years. Deepak Parekh, the chairman and CEO of HDFC, believes he is in a more optimistic frame of mind than in the previous 50 years. According to the International Monetary Fund, Covid's impact on growth in 2021 will not be a one-time occurrence but rather a continuing trend (IMF). On the other hand, the International Monetary Fund anticipates that India's economic expansion will continue at a rapid pace in the foreseeable future. As former Chief Economic Advisor, Shankar Acharya has earned a reputation for being one of the country's most doomsday economic forecasters. He mentioned that even though he is confide...

Read More
ArticleBJPLatest NewsNewsPolitics

Amit Shah: Our Decision May Be Wrong But Our Intentions Were Never Wrong

Gunjan ChaudharyDecember 18, 20210

During the 94th Annual General Meeting of Federation of Indian Chambers of Commerce and Industries (FICCI) held on Friday this week i.e. 17th December 2021 Union Home Minister Amit Shah talked openly about the decisions of BJP government. Union Health Minister Amit Shah said on Friday that some decisions of the Prime Minister Narendra Modi-led government may be wrong, but our intentions were never wrong. He said that in the last seven years, no one has even been able to accuse the government of corruption, because our intentions have never been wrong. He further said that even those criticizing the government saw what kind of changes took place in the country in these past seven years. Amit Shah said that at the time of Corona pandemic too, the government implemented many schemes in order...

Read More