Category Archives: Economics

Fourth Industrial Revolution: Changing global contexts

  The World wants to move towards a Fourth Industrial Revolution, and this was the major point of discussion at the 2016 Annual Summit meeting of World Economic Forum. The first Industrial revolution was about moving to machines from hand made tools,, the second one about assembly lines pioneered by Henry Ford and third one… Read More »

Gold Monetization Schemes and Benefits

The Government of India has launched Gold Monetization Schemes to liquidate the reserves of gold lying idle in Indian homes, so that its import bills could come down significantly. Facts: India is one of the largest consumers of gold in the world importing nearly 1,000 tons of yellow metal every year According to conservative estimates,… Read More »

UDAY: Ujjaval Discom Assurance Yojana

The Union Government has recently launched UDAY: Ujjaval Discom Approval Yojana, to reform the ailing Indian power sector. India’s power sector is facing many problems State discoms are in severe debts, amounting to more than 2% of the GDP. They are one of the major reasons for rising bank NPAs. Their operational losses are being… Read More »

Pradhan Mantri Jan Dhan Yojana (PMJDY)

The Pradhan Mantri Jan Dhan Yojana (PMJDY) has been launched today by the NDA government by Prime Minister Narendra Modi in the national capital. The Pradhan Mantri Jan Dhan Yojana or financial inclusion plan was the brain child of the previous UPA government which has been nurtured, rejuvenated and revamped by the incumbent NDA government… Read More »

Gold Monetization Schemes: Various Constraints

Gold Monetization Schemes: Various Constraints India is the 9th largest economy in the world and 3rd largest in terms of PPP. India is one of the largest importers of gold in the world, which is the 2nd biggest contributor to our import bill after petroleum. According to government estimates, Indian families, investors, temples and other… Read More »

SAARC: A healthy grouping or a dead body?

SAARC: South Asian Association for Regional Cooperation It is a regional economic and geopolitical body of 8 countries of South Asia consisting of India, Pakistan, Nepal, Sri Lanka, Maldives, Bangladesh, Bhutan and Afghanistan. Headquartered in Kathmandu, Nepal, it came into existence on 8 December 1985. This area is one of the most populated and underdeveloped regions… Read More »

India-Australia: Nucleating their ties

India-Australia have upgraded their bilateral ties to Strategic Ties in 2009 and are working to further strengthen them. Historically being a part of the British Empire, the India- Australia ties date back to the beginning of the 18th century. The entire trade in this former British colony was carried by the British East India Company.… Read More »

Financial Systems: Arms Length and Relationship Based

In this era of globalization, there has been dilution of the world boundaries, economic relationships between the countries have grown stronger and many multilateral and plurilateral economic systems such as the European Union, ASEAN or BRICS have been set up. However, the financial system of these countries has run on different platforms and principles and… Read More »