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.
China will maintain a prudent, flexible and targeted monetary policy in the second half of the year, its central bank said on Saturday, as it seeks to support growth while keeping the digital economy in check. China’s economy has staged a strong rebound from the impact of the Covid-19 pandemic, but recent data has suggested … Read more
Jharkhand Chief Minister Hemant Soren on Saturday decided to hand over the probe into hit-and-run case of Dhanbad judge to the Central Bureau of Investigation. An official spokesman said that the chief minister has recommended handing over the probe in the death of District and Sessions court judge Uttam Anand to the premier investigating agency. … Read more
Parliament disruptions and frequent adjournments since the monsoon session began on July 19 have meant the two Houses functioned for only 18 hours of the scheduled 107, leading to a loss of more than `133 crore of taxpayers’ money. Government sources said the Lok Sabha has been allowed to function for about seven hours out … Read more
The Congress on Saturday alleged that the government was trying to find an “excuse” to curtail the Monsoon session of Parliament after “obstructing” its functioning by not agreeing to a discussion on the Pegasus issue and refusing to answer whether it has bought the Israeli spyware to snoop on people. Congress spokesperson Abhishek Singhvi blamed … Read more
Schools in Uttarakhand which have long been closed due to the COVID-19 pandemic will reopen for Classes 9 to12 on August 2 and for Classes 6 to 8 on August 16, officials said on Saturday. An order to this effect was issued by the state government saying it will apply to all boarding, day boarding … Read more
Former Union minister and BJP Lok Sabha MP Babul Supriyo in a Facebook post today indicated that he is leaving the BJP and politics. Babul Supriyo, however, clarified that he is not joining any other party and that he has always been a “one team player”. “Goodbye. I’m not going to any political party. TMC, … Read more
The Olympics host city Tokyo, as well as Thailand and Malaysia, announced a record number of COVID-19 infections on Saturday, mostly driven by the highly transmissible variant of the disease. Cases surged in Sydney as well, where police cordoned off the central business district to prevent a protest against a strict lockdown that will last … Read more
Across the world, supply vs demand mismatches are fuelling inflationary pressure. In such circumstances, contrary to the popular notion of high-quality stocks taking a beating, history shows that such companies have outperformed the broader market even more strongly (when CPI inflation exceeds 6%) on revenue growth, profit margins and shareholder returns. This construct bodes well … Read more
The Federal Reserve needs to see more improvement in the pandemic-hammered U.S. labor market before pulling back on support for the economy, Fed Governor Lael Brainard said on Friday, adding that she’ll be more confident in judging that progress once she has September data in hand. “The determination of when to begin to slow asset … Read more
With the joining of several leaders West Bengal based Trinamool Congress (TMC) has strengthened its base in Tripura. The party has started preparation for 2023 assembly polls. TMC has constituted a state committee and an announcement will be made by party’s national General Secretary Abhishek Banerjee on Monday next during his visit to the state. … Read more