Category: Indian Economics

On 29 May 2017, the countrywide protest against the Centre’s notification banning the sale of animals for slaughter at livestock markets and animal fairs grew louder, with Chief Minister Mamata Banerjee saying West Bengal will not implement the new rules and Kerala..

The Union Cabinet on Wednesday approved a new coal linkage policy for fuel supply to the power sector. It seeks to lower power tariffs by allocating coal blocks through a reverse auction. The new Scheme SHAKTI (Scheme for Harness and Allocate Koyala (Coal) Transparently in India) advance..

The Small and Medium Enterprises have contributed to the primary growth of the Indian economy for decades. There are over 3 million enterprises that have catered to 50% of the industrial output and 42% of the total exports. For a developing country like India, these SMEs have emerged..

Paytm, India’s leading digital payment company is all set to establish its Payment Bank on the 23rd of May 2017, after receiving approval from the Reserve Bank of India. Paytm is the third company to establish a payment bank, after Airtel and India Post.

The Operation Clean Money has been designed by the Central Board of Direct Taxes. There were large cash deposits during 9th November to 30th December 2016 and this operation will aim at verifying these deposits. Around 18 lakh people have been identified who made large..

A social activist in Patna has launched the first Roti Bank in the State which is scheduled to start on the 15th of June 2017.  The concept of Roti Banks is spreading rapidly and this noble venture should soon have its presence throughout the country.  

As digitisation and automation has increased, IT companies like Infosys, Cognizant and Tech Mahindra have witnessed a series of layoffs. Experts say, this is likely to continue for the next 1-2 years..

The Railway Ministry has been compelled to transfer the dividend it earns from investment in Public Sector Units to the Finance Ministry post the historic merger of the Railways Budget with the Union Budget 2017-18.  The Railway Ministry argues that it was..

Homegrown e-commerce site, Snapdeal might be taken over by rival company Flipkart, in the next 2-3 months after being a victim of continuous errors and conflict within the board members. Flipkart has already made an informal offer.. 

Inclusive growth refers to the pace and distribution of economic growth. It gradually creates opportunities for all segments of the population and assigns the dividend of increased prosperity, both in monetary and non-monetary terms..