Employment growth in IT sector slides down in 2017-18
Nobel Laureate and economist Paul Krugman has recently remarked that lack of employment poses the biggest risk to India even as he has remained optimistic about the growth story that will be driven by the world's fastest-growing economy's young population.With the fear that India is experi...
Government targets socio-economic upliftment of tribals
The Ministry of Tribal Affairs, Government of India, is responsible for the planning and coordination of programmes aimed at the development of tribal communities. Their main objective is to provide a more focused approach on the integrated socio-economic development of the Scheduled Tribes (S...
Unemployment and corruption
Around 65% of India's population is composed of young people. The Indian economy has a large pool of educated and trained young people. But it is also an established fact that unemployment is growing in India and there is dissatisfaction among the youth. Dependence on agriculture is decreasing. Fr...
Yet another fortnight of economic turbulence
It started with the first shot in the trade war fired by the US President Donald Trump. It was not unexpected, as he fought his presidential election campaign promising action against "unfair trade practices" and "manipulative exchange rate" polices of China and vowed to protect American job...
Has India's economic turnaround started?
For about two weeks, the Union Finance Minister, Arun Jaitley, has been expressing his satisfaction over the turnaround of Indian economy. This has been the case, particularly after the Central Statistical Office's (CSO) upward revision of the gross added value (GVA) and gross domestic produ...
The troubling fortnight that was
Cheery news always tends to get dwarfed by depressing news. That is the news world's counterpart of Gresham's Law in economics: bad money drives out good money! The news on the economic health released on February 27 gladdened the policy makers and the public alike. The economy recor...
India's Fiscal Reforms - Rhetoric and Realities
In the economic history of our country, there have been some significant developments in the formulation, enunciation and management of fiscal policies over the last decade. In this era, concerted efforts have been made to simplify the tax structure. Introduction of the Direct Tax Code (DTC) and GST...
United Bank of India moved a step ahead towards digital banking
United Bank of India has moved a step ahead towards Digital Banking by Launching "United e-Collect", A digital Platform for Online Payment / Fee Collection Services. The Digital Product "United e-Collect" is launched by Pawan Bajaj, Managing Director & CEO in presence of Ashok Kumar Prad...
A needless controversy: Did RBI Governor overstep his limit?
The 2018-19 Budget, presented to Parliament on January 31 will be debated and put to the vote before the new fiscal year beginning from April 1. Meanwhile, Reserve Bank of India (RBI)'s Monetary Policy Committee (MPC) held its sixth bi-monthly meeting on Feb 6-7 and decided upon the benchmark inte...
A tale of two stock markets: Crashing for different reasons
Different market reactions, yet strangely enough, they produced the same result. That happened early this month in the stock markets of two countries. One in the most advanced country with the largest GDP of $ 19.4 trillion and another in an emerging economy, the seventh largest now, pred...