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.
U.S. regulators want a federal judge to break up Google to prevent the company from continuing to squash competition through its dominant search engine after a court found it had maintained an abusive monopoly over the past decade. The proposed breakup floated in a 23-page document filed late Wednesday by the U.S. Justice Department calls … Read more
Despite the sudden rally in prices of Bitcoin following the US presidential elections earlier this month, the Union Finance Ministry has stated that the Centre will adhere to global regulations on cryptocurrencies, regardless of the current surge or hype. A source within the Finance Ministry informed Business Today that India will prioritise policies that are … Read more
In the mid-’90s, an ambitious university project paved the way for what would become a titan in the digital realm. Larry Page and Sergey Brin, two PhD students at Stanford University, embarked on a quest in 1996 to build a formidable search engine that would transform the internet. By 1998, their vision caught the attention … Read more
Mutual fund investment has become an appealing opportunity for wealth accumulation. A key advantage of this investment avenue is its accessibility, as individuals can start investing with amounts as low as Rs 100 or Rs 200 through Systematic Investment Plans (SIPs). The power of compound interest, given time to grow, has the potential to turn … Read more
Former Democratic Congresswoman Tulsi Gabbard has been chosen by President-elect Donald Trump to be the Director of National Intelligence. This decision has caused worry among national security experts due to her history of echoing Russian government viewpoints, particularly regarding the war in Ukraine. Gabbard has repeatedly blamed the United States and NATO for the conflict, … Read more
With a lackluster Q2FY25 earnings season behind, several top brokerages have made changes to their model portfolios and come out with their preferred stocks and buy recommendations. ETMarkets brings a list of top stocks, which are part of the model portfolios of Motilal Oswal Financial Services (MOFSL), Nuvama Institutional Equities and Kotak Institutional Equities. Nifty … Read more
I am a 35-year-old male and I am not married yet. I am keen to know whether it is logical and feasible to opt for early retirement looking at the uncertain markets. If I want to retire by 2030, how should I save with just five years left? Name withheld. Reply by Vijay Kuppa – CEO, … Read more
BENGALURU/BEIJING: The United States could impose nearly 40% tariffs on imports from China early next year, a Reuters poll of economists showed, potentially slicing growth in the world’s second-biggest economy by up to 1 percentage point. The poll, the first on China’s economy by Reuters since Donald Trump‘s sweeping election victory on Nov. 5, also … Read more
SGB premature redemption: The Sovereign Gold Bond (SGB) Series VIII (2017-18) is scheduled for premature redemption on November 19, 2024, in accordance with the guidelines set by the Reserve Bank of India (RBI). The redemption amount has been determined at Rs 7,460 per unit, determined by the average gold price of 999 purity recorded over … Read more
Declaration of foreign assets: If foreign assets were not declared in the original Income Tax Return (ITR) filed for AY 2024-25, a revised return must be filed by December 31, 2024. Failure to do so could result in a penalty of up to Rs 10 lakh, according to a recent advisory from the Income-Tax Department. … Read more