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.
New Delhi: The BJP started its campaign in Madhya Pradesh on Monday with virtual rallies scheduled in all the 24 seats where by-polls will be held. BJP’s Rajya Sabha MP Jyotiraditya Scindia addressed the first two rallies, asking people to choose between the partnership between himself and CM Shivraj Singh Chouhan, or that of Kamal … Read more
NEW DELHI: Digital payment transaction saw a 23 per cent jump in the past one month, signalling a rebound after the decline seen during the nationwide lockdown, according to a report by fintech platform Razorpay. The report analysed consumer behaviour and digital spending patterns during lockdown and in the later days. “With the economy inching … Read more
The Appointments Committee of the Cabinet approved the appointment of Injeti Srinivas as chairman of the International Financial Services Centres Authority (IFSCA), according to an official notice on Monday. The former corporate affairs secretary and 1983-batch IAS officer of the Odisha cadre will head the IFSCA for a period of three years, the notice said. … Read more
NEW DELHI: With another big single-day jump in coronavirus cases, India’s COVID-19 tally crossed the seven lakh-mark on Monday, just four days after the number of infections in the country had reached six lakh. The total number of tests for detection of COVID-19 also crossed the one-crore mark in India on Monday. According to Union … Read more
Mumbai: There has been a 200 per cent rise in cyber incidents in India in the last two months, but those cannot be blamed to Chinese actors, chief information security officer in the Prime Minister’s Office, Gulshan Rai, said on Monday. He, instead, blamed a shift in the service sector to work from home (WFH) … Read more
Mumbai: Bajaj Finance said on Monday it may consider additional accelerated provisioning for Covid-19 in the first quarter of fiscal year 2021 to further strengthen its balance sheet. The consumer goods financier had provided Rs 900 crore as contingency provision in the quarter ended March towards Covid-19. In an exchange filing, the company said its … Read more
BENGALURU: Wipro chief executive officer Thierry Delaporte said the company would aim to achieve industry leading growth and strive for improvement in all spheres despite the short-term challenges. “Despite the immediate challenges, I have no doubt that we will emerge stronger. We must strive for improvement in all spheres and aim to achieve industry leading … Read more
NEW DELHI: The government is not considering any proposal to merge the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC), the Finance Ministry said on Monday. The said merger was one of the recommendations of the Tax Administration Reforms Commission (TARC), headed by Parthasarathi Shome, which submitted … Read more
Hong Kong market is doing incredibly well but their economy is doing dreadfully and it is going to do insignificantly worse, says the CEO, Ecognosis Advisory. What explains this kind of a staggering move across the Chinese markets? Just when the world is turning away from Beijing when it comes to the manufacturing hub, one … Read more
After two long lethargic years, the domestic primary market is keenly awaiting some renowned firms to get listed. These companies have the who’s who of India Inc and Dalal Street associated with them: from India’s top industrialist Mukesh Ambani to Big Bull Rakesh Jhunjhunwala and cricketing biggie MS Dhoni. Market watchers say a frenzy is … Read more