An economy (from Greek οίκος – “household” and νέμoμαι – “manage”) is an area of the production, distribution and trade, as well as consumption of goods and services by different agents. Understood in its broadest sense, ‘The economy is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources’. A given economy is the result of a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure and legal systems, as well as its geography, natural resource endowment, and ecology, as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of human practices and transactions. It does not stand alone.
GAYA (Bihar): Prime Minister Narendra Modi on Friday launched a stinging attack on the RJD-led opposition in poll-bound Bihar, blaming the “anarchy and bad governance of the 1990s” for most of the ills that plagued the state even now. Addressing an election rally here, Modi said the “Mahagathbandhan” (Grand Alliance) was a “pitara” (basket) comprising … Read more
President Donald Trump’s allies have long promoted claims of corruption about Joe Biden’s son Hunter in a bid to damage Biden’s presidential campaign. The accusations intensified in recent days when some of Trump’s associates, including his personal lawyer Rudy Giuliani, provided material for a New York Post article detailing some of the allegations. The Post … Read more
NEW DELHI: The Indian Council of Medical Research (ICMR) has issued an advisory for the use of indigenously developed Feluda paper strip test, which is based on CRISPR-Cas9 technology for diagnosis of SARS-CoV-2, by laboratories. The paper-strip uses cutting-edge CRISPR gene-editing technology to identify and target the genetic material of SARS-CoV-2, the virus that causes … Read more
New Delhi: Despite being the Navaratra season, onion prices have gone up to Rs 70 per kg in the retail market. The price of potato is also increasing. It is being sold at Rs 50-60 per kg in retail. The supply of onions at the Azadpur wholesale market has been hit because of the rain … Read more
New York: Goldman Sachs Group will pay a record foreign bribery penalty in the US and will enter a guilty plea for the first time ever for its role in the plundering of Malaysia’s 1MDB investment fund. A Goldman subsidiary in Malaysia pleaded guilty to a single charge for its role in a scheme to … Read more
New Delhi: From the RJD promising to regularise nearly 1.5 crore contractual workers (Jeevika didis) and doubling their pay, to JDU substantially increasing the number of its female candidates and promising more representation of women in administration, and the BJP promising a `50,000 crore push to women’s self help groups, political parties in Bihar are … Read more
But Asian Paints’ strong recovery gives rise to the question of whether it is sustainable going ahead. Synopsis The Asian Paints stock hit a record high on the eve of the company announcing its September quarter results. The company didn’t disappoint and posted resilient growth — a double-digit increase in volumes and multi-year high margins. … Read more
New Delhi: India’s labour market remains under stress, primarily because of a fall in the employment rate in rural India and continued low employment rate in urban India, the Centre for Monitoring Indian Economy said. “The falling employment rate in rural India and the continued low employment rate in urban India are the weaknesses in … Read more
With the Covid-19 pandemic, we have yet another crisis on our hands that appears never-ending, obfuscating any clear thinking on fundamental questions: what kind of society do we want to rebuild after the pandemic? How will benefits and burdens be distributed in such a society? Source link
New Delhi: A day before addressing his first set of rallies in Bihar bound for Assembly elections, Prime Minister Narendra Modi said on Thursday he will present the development agenda of the ruling National Democratic Alliance before the people and seek their support for it. Modi is scheduled to address three rallies in the state … Read more