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: A fact-finding committee appointed by the Delhi Minority Commission on the February Delhi riots has held the Delhi Police “complicit” in the violence, accusing it of inaction during the peak of the violence and carrying out a biased investigation. In a report, the committee also indicted the Delhi government for allegedly failing to … Read more
Significant foreign investment has flowed into the country in a span of just three-and-a-half months, a period that saw economic activity come to a grinding halt due to the coronavirus pandemic. Top global companies such as Google, Facebook and Walmart invested in India. In fact, Facebook’s investment in Reliance Industries’ Jio Platforms is the social … Read more
NEW DELHI: The economic development of a district and its contribution to the national goals of economic development will be the new criteria for awards to be given away by Prime Minister Narendra Modi to bureaucrats for excellence in public administration this year, after the scheme has been restructured under the aegis of the Prime … Read more
NEW DELHI: The Sri Ramjanmbhoomi Teerth Kshetra Trust in a meeting on Saturday in Ayodhya is expected to propose a date for the Bhoomi Pujan of the Ram Temple in the month of August and decide upon giving a formal invitation to Prime Minister Narendra Modi for the ceremony. The head of the temple construction … Read more
Despite certain states receiving more resources through higher tax devolutions on account of low per capita income and other indicators, they have not managed to catch up with the more developed states, said NK Singh, chairman of the 15th Finance Commission (FC), on Thursday. Singh questioned the desirability of achieving a convergence in the growth … Read more
By Vildana Hajric A Twitter hack this week featured Bitcoin in one of its most high-profile scams. But technical indicators suggest that could be just the start of problems for investors in the largest cryptocurrency. Bitcoin fell as much as 1.9% in Thursday’s session to trade as low as $9,037 in New York — just … Read more
NEW DELHI: India and the US are close to concluding an initial limited trade package followed by a possible bilateral free trade agreement (FTA), New Delhi said on Thursday. “There was a desire expressed to conclude this initial limited trade package and recognising the complementarities of the India-USA bilateral trade, discussed the possibility of an … Read more
NEW DELHI: Export demand for guar gum from the food sector has revived in the past two month, with sales increasing by 15% over the previous year, industry executives said. There is demand in Europe, USA and China, where it is used by the food industry as a gelling and thickening agent in ice cream, … Read more
LONDON – Britain, the United States and Canada say Russia is trying to steal information from researchers seeking a COVID-19 vaccine. The three nations alleged Thursday that hacking group APT29, also known as Cozy Bear and said to be part of the Russian intelligence service, is attacking academic and pharmaceutical research institutions involved in coronavirus … Read more
Large realty players with established market positions, strong balance sheets and adequate liquidity have weathered the storm better than smaller players, who have been finding it difficult to cope with the prevailing market conditions, according to an analysis by ICRA, a credit rating agency. The performance of these players was, however, adversely impacted by Covid-19 … Read more