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.
Congress leader Priyanka Gandhi Vadra on Sunday attacked the Centre over rising prices of petrol and diesel, alleging that the Modi government has created records in “giving trouble” to people. Taking to Twitter, the Congress general secretary tagged a media report which said that this year petrol prices have increased by a record Rs 23.53. … Read more
China successfully launched a new satellite on Sunday to test and verify space debris mitigation technologies. It was launched from the Xichang Satellite Launch Centre in southwest China’s Sichuan Province. The satellite, named Shijian-21, was launched by a Long March-3B carrier rocket and it entered the planned orbit successfully. The satellite will be mainly used … Read more
Seoul: The US envoy for North Korea arrived in South Korea on Saturday amid stalled denuclearisation talks and tension over Pyongyang’s recent missile tests. Special Representative Sung Kim‘s visit came days after North Korea fired a new submarine-launched ballistic missile (SLBM), which prompted criticism from Washington and calls for a return to talks aimed at … Read more
Maharashtra chief minister Uddhav Thackeray on Saturday asked Chief Justice of India NV Ramana and other judges to look into the issue of separation of powers of the Centre and the states. “When the Constitution was made, some experts questioned Dr Babasaheb Ambedkar (one of the key architects of the Indian Constitution) asking about the … Read more
Challenging BJP in Goa and Tripura, TMC National General Secretary Abhishek Banerjee said on Saturday in Goasaba that Trinamool Congress will come to power in Goa in three months. “Give us three months and we will win the Goa assembly polls. In one and half years, AITC will oust Biplab Deb government from the state … Read more
Mumbai: Pen manufacturers have sought a reduction in goods and services tax (GST), saying the government’s recent move to club all pens under the 18% GST bracket has pushed up cost and hit sales. Earlier, a GST rate of 18% was applied only on fountain pens and stylograph pens, while ballpoint pens were taxed at … Read more
Ahead of the 2022 Uttar Pradesh Assembly elections, the BJP has appointed Chief Minister Yogi Adityanath as ‘panna pramukh’ of a booth in Gorakhpur Urban constituency. Several other BJP leaders have also been given the responsibility for different booths in Gorakhpur Urban and Rural constituencies to strengthen the party. A ‘panna pramukh’ or person in-charge … Read more
The Central Election Committee of the Congress chaired by party chief Sonia Gandhi on Saturday discussed and finalised a few candidates for the upcoming assembly elections in Uttar Pradesh, sources said, but their names were not announced. They said top party leaders including AICC general secretary and in-charge for Uttar Pradesh Priyanka Gandhi Vadra and … Read more
Congress leader Rahul Gandhi on Saturday alleged that the government has failed the country with farmers upset, inflation soaring and the borders witnessing clashes. Taking to Twitter, Gandhi said the BJP government has been a failure and will continue to be so. “The farmer is upset, Inflation has touched the sky, there is a clash … Read more
NEW DELHI: ‘s September quarter numbers beat Street estimates on all key metrics. Asset quality for the bank improved and fresh provisions also fell. Net interest margin (NIM) improved to 4 per cent while disbursements of personal loans and auto loans were close to March quarter levels. Besides, SME loans soared 44 per cent on … Read more