Indian Economy

Just five days after Reserve Bank of India Governor Shaktikanta Das asserted that inflation ‘has shown signs of moderation and the worst is behind us’, Monday’s release of Consumer Price Index (CPI) estimates for January revealed a disconcerting reversal in price gains trend. Headline retail inflation, which had steadily eased …

On December 24, 2009, a tunnel boring machine in Joshimath, Uttarakhand, hit an aquifer about three kilometres from Selang village. This resulted in the loss of nearly 800 litres of water per second (enough to sustain the needs of nearly 30 lakh people per day). Soon after, groundwater sources began …

In the Union Budget for 2023-24, the government has set a disinvestment target of ₹51,000 crore, down nearly 21% from the budget estimate for the current year and just ₹1,000 crore more than the revised estimate. It is also the lowest target in seven years. Moreover, the Centre has not …

The Monetary Policy Committee (MPC) of the Reserve Bank of India on Wednesday raised the benchmark lending rate by 25 basis points (bps) to 6.5% as the RBI targets persistently high core or underlying inflation that it sees as a risk to the improving outlook for the economy. Observing that …

As per the latest economic survey, the Indian economy is set to attain a real GDP growth of 7% in 2022-23, with both the retail and wholesale inflation rates falling below 6% in the months ahead. The Union Budget presented in this backdrop assumes a nominal GDP growth of 10.5% …

The Budget speech in the year preceding a general election is usually one that seeks to appease as wide a swathe of society as possible. It follows that ministries that fund the bulk of research and development (R&D) too would see a healthy jump in allocation. The Ministry of Science …

The Tamil Nadu State Agricultural Marketing Board has filed three applications seeking Geographical Indication (GI) tag for Kavindhapadi Nattu Sakkarai (country sugar), Ramnad Chithiraikar Rice and Salem Kannadi Kathiri (brinjal) at the Geographical Indications Registry office in Chennai. The local associations from where these products originate were the co-applicants while …

Up to 50 new tourist destinations will be developed; an information-driven app created for tourists and ‘Unity Malls’ will be set up in State capitals to showcase handicrafts and products with geographical indication (GI) status. These are among the slew of measures announced in the Union Budget for promotion of …

1 of 2 Shot in the arm: Import of capital goods, machinery required to make lithium-ion cells for EV batteries get duty exemption. Reuters With a view to promoting exports, boosting domestic manufacturing, and enhancing value addition, the Union Budget has proposed a number of changes to the Customs Duty regime which is likely …

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 …