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In the 75th year of India’s Independence, the World has recognized the Indian Economy as a ‘bright star’ as the Economic Growth is estimated at 7 per cent, which is the highest among all major economies, in spite of the massive global slowdown caused by COVID-19 and Russia-Ukraine War. This …

Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman, presented the Economic Survey 2022-23 in the Union Parliament today. The highlights of the Survey are as follows: State of the Economy 2022-23: Recovery Complete Recovering from pandemic-induced contraction, Russian-Ukraine conflict and inflation, Indian economy is staging a broad based …

India to witness GDP growth of 6.0 per cent to 6.8 per cent in 2023-24, depending on the trajectory of economic and political developments globally. The optimistic growth forecasts stem from a number of positives like the rebound of private consumption given a boost to production activity, higher Capital Expenditure …

The idea of ‘alienation’ by Karl Marx is one of the most widely discussed concepts in social, political and economic theory. It is an idea that a young Marx developed out of his study of Friedrich Hegel. Marx first explained the concept of alienation in Economic and Philosophical Manuscripts and later elaborated …

India’s domestic pharmaceutical market, estimated at $41 billion in 2021, is likely to touch $130 billion by 2030, as per the Economic Survey 2022-23, tabled in Parliament on Tuesday. Highlighting the role of the Indian pharmaceuticals industry globally, the Survey showed the country was ranked third worldwide in terms of …

The Hindu’s editorial, “Energy conundrum” (December 15, 2022), expressing caution about the country’s bubbling enthusiasm in the climate change agenda by going the whole hog on solar energy is timely but spartan, and needs amplification. Apart from the external pressure that is pushing India more and more into the so-called …

It is generally acknowledged that the Budget of 1991 which was presented by the then Finance Minister, Dr. Manmohan Singh, is one of Indian economic history’s landmark events. The Budget is still widely lauded by neo-classical economic commentators because it marked a structural shift in India’s economy away from the …

Painting an exuberant picture of the Indian economy’s prospects thanks to “New Age” reforms undertaken since 2014, the Economic Survey tabled by Finance Minister Nirmala Sitharaman in Parliament on Tuesday asserted that not only were the pandemic-induced blues over, but the outlook for the years ahead was also rosier than …

Growing economic inequality is a major concern in most developing countries and India is no exception. According to Oxfam, the richest 1% in India own more than 40% of the country’s total wealth while the bottom 50% share just 3% of it. One of the proven ways to alleviate economic …

Missiles and Unmanned Aerial Vehicles (UAV) are likely to be a major future threat, calling for a mitigation strategy as part of an integrated air defence, and underlining the need for a comprehensive air defence solution. That is the biggest takeaway for India from an Army analysis of the war …

The Army has stated that the process for selection of women officers to command assignments in the rank of Colonel, a major step towards bringing them at par with their male counterparts, has been conducted. This flows from the Supreme Court judgment of 2020 upholding an earlier judgment granting permanent …

Tamil Nadu was among the top five GST compensation receiving States during the five-year transition period from July 2017 to June 2022, according to a study by the Reserve Bank of India (RBI). The Goods and Services Tax (GST) was introduced on July 1, 2017 and June 30, 2022 marked …

The State-level Vulture Conservation Committee (SVCC) has decided to conduct a synchronised vulture census in Tamil Nadu, Kerala and Karnataka. The census has been planned before March as the nesting season is in progress, Chief Wildlife Warden Srinivas Reddy has said. At the SVCC’s first meeting held on January 25, …

A swallowtail butterfly disappearing from its previously known ranges from Myanmar and southern China to Vietnam has been recorded for the first time in India. Three butterfly enthusiasts — Atanu Bose, Loren Sonowal and Monsoon Jyoti Gogoi — recorded the “extremely rare” Noble’s Helen (Papilio noblei) from three locations in …

Researchers have uncovered 92 nesting sites containing a total of 256 fossil eggs in central India’s Narmada Valley belonging to titanosaurs, which were among the largest dinosaurs to have ever lived. The finding, published in the journal PLOS ONE, reveals intimate details about the lives of titanosaurs in the Indian subcontinent. …

India’s market regulator has increased scrutiny of deals by the Adani Group over the past year and will study a report by short-seller Hindenburg Research to add to its own ongoing initial investigation into the group’s foreign portfolio investors, as per two sources aware of the matter. On Wednesday, the …

Kashmir’s famed pashmina shawls, known for centuries for their intricate buta or paisley patterns, got a French touch this week. Artist Maximilien Pellet turned the fabric into a canvas for contemporary art forms at a Parisian exhibition, in a rare bid to cater to Western sensibilities. Mujtaba Qadri, owner of the label …

India and South Africa have finally signed a long-pending agreement to translocate 12 cheetahs to India, the Environment Ministry said in a statement on Friday. The cheetahs will be transported to India by February-end and reintroduced at the Kuno National Park in Madhya Pradesh, where eight such cats were brought …

In the week ahead, Finance Minister Nirmala Sitharaman will present her fifth and this government’s last full-fledged Budget before the Lok Sabha election in 2024. Although some electoral overtures can be made in an interim Budget next year, the Bharatiya Janata Party-led government will also be mindful of the flurry …

The Tamil Nadu government has sanctioned ₹7.5 crore in equity investments to five start-ups that were founded and managed by entrepreneurs of the Scheduled Castes and the Scheduled Tribes. Chief Minister M.K.Stalin handed over the sanction orders on Friday in the presence of Minister for Finance and Human Resources Management …