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.
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
By Chandan Taparia Nifty opened flattish and consolidated in narrow range of 60 points in the first half of the session on Thursday. However, it witnessed a strong recovery from lower levels and extended the gains towards the 10,750 mark in the last hour of trade. The index formed a Hammer kind of candle on … Read more
By Anirban Nag India had trouble collecting economic data during a more than two-month nationwide lockdown, but as it resumes publishing key numbers, a familiar concern is resurfacing — that of credibility. Economists, including State Bank of India’s Soumya Kanti Ghosh, aren’t buying the Statistics Department’s methodology for calculating consumer price inflation numbers for April … Read more
LONDON: Oil prices fell on Thursday after OPEC and other producers including Russia agreed to ease record supply curbs from August, though the drop was cushioned by tightening global inventories as economic activity picks up. Brent crude fell 35 cents, or 0.8 per cent, to $43.44 a barrel by 0852 GMT. West Texas Intermediate (WTI) … Read more
Gold prices eased on Thursday due to a stronger US dollar, although concerns over rising coronavirus cases and simmering US-China tensions kept bullion close to a near nine-year high. Spot gold was down 0.3 per cent to $1,805.62 per ounce by 0705 GMT, just $12 shy of its highest since September 2011 hit last week. … Read more
Taking a swipe at Sachin Pilot over his claim that he is not joining the BJP, senior Congress leader Kapil Sibal on Thursday asked what happens to his ‘ghar wapsi’ and whether Rajasthan’s dissident legislators are vacationing in Haryana under the watchful eye of the saffron party. Pilot has been sacked by the party as … Read more
What is bothering new MF investors the most?New investors are extremely unhappy about their mutual fund these days. According to mutual fund investors, many of them have been complaining bitterly about the recent happenings in the mutual fund industry and how they have lost faith in mutual funds. Source link
President Donald Trump replaced his campaign manager on Wednesday as he faces a gap in the polls against presumptive Democratic nominee Joe Biden with less than four months to Election Day. Trump said on Facebook he would replace campaign manager Brad Parscale with Bill Stepien, who has been the deputy campaign manager. “Both were heavily … Read more
New Delhi: Appreciating the decision of Indian banks to raise fresh capital, S&P Global Ratings on Tuesday said the move will provide stability to the institutions during these rocky times and help them withstand the economic slump amid the Covid-19 pandemic. “The large capital-raising is credit positive,” the agency said in a release adding that … Read more