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.
Mumbai: An innocuous tweet by BJP‘s Leader of Opposition Devendra Fadnavis taking a swipe at the Maharashtra government on the Mumbai Metro, ignited another war of words in the state on Thursday. Late on Wednesday, Fadnavis took a ride on the Delhi Metro, and posted his photos with a mocking comment on Twitter targeting the … Read more
The IMF has warned that the inequitable distribution of COVID-19 vaccines risks exacerbating financial vulnerabilities, especially for frontier market economies, even though their approval and rollout have boosted expectations of a global recovery and lifted risk asset prices. In its Global Financial Stability update released on Wednesday, the International Monetary Fund underlined that until the … Read more
SEOUL: Samsung Electronics Co. said Thursday its operating profit for the last quarter rose by more than 26% as it capped off a robust business year where its dual strength in parts and finished products allowed it to thrive amid the pandemic. But the South Korean tech giant expects its profit to weaken in the … Read more
(This story originally appeared in on Jan 28, 2021) NEW DELHI: Had he not jumped into that moat at Red Fort, he could well have had his neck slashed. At least that is what assistant sub-inspector Joginder Raj recalled a day after the rioting at Red Fort on Republic Day. “The attackers had all sorts … Read more
By Matthew Boesler Federal Reserve officials left their benchmark interest rate unchanged near zero as they flagged a moderating U.S. recovery and reiterated a pledge to use all available tools to support the economy during the coronavirus pandemic. The central bank’s policy-making body also repeated it would maintain its bond-buying program at the current pace … Read more
New Delhi: To address nutritional challenges leading to stunting, underweight and anemia amongst children and women US food major Cargill, in partnership with the United Nations World Food Programme (WFP) and Delhi based Centre for Responsible Business (CRB), have launched a program to improve nutrition status in Jaipur, Rajasthan. The Department of Women and Child … Read more
The Covid-19 pandemic has highlighted an urgent need to create sustainable economies —India can take a global lead in Earth-friendly business and consumer strategies Synopsis In this scenario, India occupies a central position in any global effort towards building a sustainable future, both as a major manufacturing hub and a large consumer state. The pandemic … Read more
New Delhi: Internet services in Delhi and National Capital Region (NCR) started normalising from Wednesday morning, after a temporary blanket ban ordered by the home ministry in the wake of the violence during farmers’ protests on the previous day. The directive was issued after thousands of farmers protesting against the new farm laws diverted their … Read more
New Delhi: India’s move to continue with a ban imposed last year on 59 Chinese apps is in violation of the principles of the World Trade Organisation and norms of market economy, a Chinese embassy spokesperson said on Wednesday. India banned 59 Chinese apps last June. In September, 118 more Chinese apps were blocked. “These … Read more
New Delhi: The centre, on Wednesday, confirmed outbreak of bird flu in poultry across 9 states – Kerala, Haryana, Madhya Pradesh, Maharashtra, Chhattisgarh, Uttarakhand, Gujarat, Uttar Pradesh and Punjab. Fresh cases in poultry birds were reported in 7 districts in Maharashtra and one each in Gujarat and Chhattisgarh. However, the spread has been contained to … Read more