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US Federal Reserve raises interest rates 

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The Federal Reserve raised interest rates on June 13 indicating a shift from the policies used to battle the 2007-2009 financial crisis and recession. In raising its benchmark overnight lending rate a quarter of a percentage point to a range of between 1.75 percent and 2 percent, the Federal Reserve

Bimonthly RBI Monetary Policy June 2018

Shekhar Sengar Bimonthly RBI Monetary Policy June 2018 The Monetary Policy is reviewed by Monetary Policy Committee (MPC) of the Reserve Bank of India. This time RBI governor Urjit Patel headed the six member NPC. This was the first three-day bi-monthly policy meeting (June 06)  of MPC headed by Urjit Patel. The

Unemployment: Measurement in India

A person who is in the age group of working population (15-60 years), is called unemployed if s/he does not get work, despite offering himself in the labour market for work on existing wage rate. There are various sub categories of unemployed people such as underemployed, seasonally unemployed and disguisedly

Reality about unemployment in India

Reality about unemployment in India

India, according to Census 2011, estimates its workforce at 402 million. According to the labour ministry, as of 2016, India’s labour market comprises more than 475 million people. Of this, it is estimated that less than 10% are in formal employment.The inability to create formal economy jobs haunted the United

The $20 billion Flipkart-Walmart deal: Key facts

Walmart Inc. on Wednesday (May 09, 2018) announced its much-anticipated deal to buy a controlling stake in Indian e-commerce company Flipkart. The deal is the largest-ever in e-commerce, according to data compiled by Bloomberg. Bentonville, Arkansas-based Walmart will acquire a 77% holding in Flipkart Group for $16 billion, the companies said

Public Finance, Taxes and Fiscal Policy

Public Finance studies the finances of the government, i.e., government’s receipts (revenue receipts and capital receipts) and government’s expenditure (revenue expenditure and capital expenditure). Government’s revenue is called Public Revenue and government’s expenditure is called Public Expenditure. The classical theory and practice of economics were based on “Laissez Faire” or

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