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.
Senior Congress leader and former union minister P Chidambaram on Wednesday questioned the Centre about how many persons between 18 and 44 years can afford to pay Rs 400 per dose of Covishield. “As anticipated, the price of Covishield vaccine has been fixed at Rs 400 for government hospitals and Rs 600 for private hospitals. … Read more
Amid reports of oxygen shortage in the country, the Centre on Wednesday said of the total 7,500 metric tonnes of oxygen being produced in India per day, 6,600 metric tonnes, as on date, is being allocated to states for medical use and assured that efforts are being made to increase its supplies in the coming … Read more
By Jared Dillian I’ve been either investing or writing about investing for 22 years, and I’ve seen a lot of weird stuff, but nothing as weird as Dogecoin, the lighthearted dog-themed cryptocurrency that was created as a joke. It’s now valued at more than $50 billion, exceeding Ford Motor Co. and many other companies with … Read more
Sri Lanka has asked a Chinese ship to leave the southern port of Hambantota after it was found to be carrying radioactive material, officials said on Wednesday. Anil Ranjith, the top official of the Sri Lanka Atomic Energy Authority (SLAEA), said that the ship was on its way to China from the port of Rotterdam … Read more
NEW DELHI: Ace investor Rakesh Jhunjhunwala, who recently reduced his stake in Titan, says cyclical stocks and the most battered smallcaps and midcaps will outperform favoured blue chips like HDFC and Titan over the next 4-5 years. “If you look at the valuations of cement stocks and metal stocks, and if you look at the … Read more
Welcoming the announcement of night curfew as part of measures to control Covid-19, the local chapter of Indian Chamber of Commerce and Industry (ICCI) on Wednesday suggested that the government consult trade and industrial bodies before taking any steps towards economic activities of the country. The imposition of night restrictions and lockdown on Sundays across … Read more
The top American commander in the Middle East said Tuesday that it would be “extremely difficult” for the United States to watch and counter terrorist threats in Afghanistan such as al-Qaida after U.S. troops leave the country by Sept. 11. The head of the U.S. Central Command, Gen. Kenneth McKenzie Jr., offered the first extensive … Read more
The Nitish Kumar-led NDA government in Bihar has chalked out an ambitious industrial policy with a special focus on textile, food processing and ethanol production to counter the widespread criticism from the opposition- during the 2020 reverse migration in the wake of Covid pandemic- over lack of industrialisation and jobs in the state. With RJD … Read more
New Delhi: In the wake of a surge in Covid cases, two-wheeler maker on Tuesday said it will “halt operations temporarily” at all its manufacturing facilities. Hero Moto said it will utilise the shutdown days to carry out maintenance work at plants. “The shutdown will not impact the company’s ability to meet the demand, which … Read more
The Bharatiya Janata Party (BJP) will have a hybrid model of campaigning for the last two phases of the West Bengal assembly polls, given the surge in number of Covid-19 cases, BJP IT head and West Bengal co-incharge Amit Malviya announced on Tuesday.The PM will have his last set of rallies on Friday in Murshidabad, … Read more