Gita made history when she joined the Washington-based Global lender as the first women Chief Economist. Before joining the IMF as Economic Counsellor and Director of Research Department, she was the John Zwaanstra Professor of International Studies and Economics department at Harvard University.
It is a bonanza for energy investors, as India faces a crisis in coal due to accelerated demand post-pandemic and heavy rains lashing out the coal-bearing areas affecting the supply chain. But why? Inflation is the answer. What is inflation? Inflation is the rise in the prices of goods and services in an economy. Inflation measures the rate at which the price of basic commodities … Continue reading A brief on inflation
Indian secularism fosters a positive relationship between the government and religious groups and at the same time is neutral to all beliefs. This character is unique to the subcontinent because the western model of secularism connotates the complete separation of the state (government) and religion.
On October 13, Finance ministers of G-20 countries are to finalize the Organization of Economic Co-operation and Development (OECD) tax deal in Washington. 136 countries, including India have agreed to abide by the major international tax reform, which will ensure that multinationals pay a minimum tax of 15% on their overall income from 2023 and if profits are above the threshold, they will have to … Continue reading India to do away with SEP as we enter a new multinational tax regime
Emphasizing the importance of space technology, PM Modi said that “the space sector is a medium for the development of the common people and aims to provide better mapping and imaging and connectivity.”
The statement follows the three-day bi-monthly monetary policy meet of the MPC. It is a 6-member committee chaired by the governor of the central bank. It is the eighth consecutive time the MPC has decided to maintain the status quo by voting unanimously. Continue reading “Accommodative” stance to be maintained for revival: Governor of RBI
The coal crisis could result in the delay of the economic recovery of the country if industries face power shortages. This can contribute to the downscale in production by some businesses dependent wholly on coal and by-products of coal.