Browsing CategoryEconomy

21 Nov 2020 The Union Cabinet on 11 November 2020, in a move to give a major boost to domestic manufacturing and exports, extended the existing Production Linked Incentive (PLI) Scheme to 10 more identified champion sectors. This is expected to bolster competitiveness, attract foreign players and encourage domestic employment…

10 Nov 2020 Farmer Producer Organizations are groups or aggregations of farmers that provide a higher bargaining power to farmers and helps them realise benefits from economies of scale. Launched initially by the Department of Agriculture, Cooperation & Farmers’ Welfare (DAC&FW) as a pilot project for promoting collaborations with farmers…

25 Oct 2020 Economic crises are not recent. Their history goes back to mid-1637 when the ‘Tulip and Bulb Craze’ took place. It was followed by the ‘South Sea Bubble’ crisis in the 1700s, the Florida Real Estate Craze, and, of course, the more recent ones of the Great Depression…

14 Oct 2020 In recent years, the Government has taken strong action to improve the climate for business operations with a view to bring in competitiveness in the system.  Department for Promotion of Industry and Internal Trade (DPIIT) initiated the Business Reform Action Plan (BRAP) exercise of ranking all Indian…

24 Sep 2020 As nations across the globe entered or progressed through complete lockdowns during the Apr-Jun 2020 quarter, to contain the spread of the novel coronavirus, their economies suffered the worst contraction in decades during this time.  Economic activity came to a grinding halt and private consumption slid as…

26 Aug 2020 The Covid-19 pandemic caused widespread disruptions across the Indian economy and affected various sectors, since March 2020.  Among other parameters, the financial performance of the economy was also impacted and credit growth in the economy remained subdued as greater uncertainty in the economy led to depressed consumer…

13 Jul 2020 Improving the ease of doing business is critically important to attract investors. According this high priority, the Central and state governments have introduced a slew of reforms across various areas. Consequently, India’s ranking in the World Bank’s Doing Business Report has been climbing – it was 142nd (out…

08 Jul 2020 As the world continues to reel under the impact of the novel coronavirus, the global economic situation is getting worse by the day. The latest GDP data from the major economies reveals that the economic activity around the world has crumbled in the aftermath of the pandemic.…

03 Jul 2020 There has been a significant rise in the number of start-ups in India in the last few years and a large number of start-ups have been launched across diverse sectors such as fintech, AI (Artificial Intelligence), medtech, edtech, hospitality, automobiles and more.   There was an addition of more…

11 Jun 2020 As we are pulled out of BC (Before Covid) and learn to live through DC (During Covid), we must prepare for AC (After Covid) so that the new world we are all moving towards is equitable and sustainable while being focused on growth and development. The Confederation…