Introduction: Digital India is a flagship programme of the present government to empower India and Indians using technology. More significantly, it is a transformational initiative incorporating the spirit of “sabka saath” to create a new India by ensuring “sabka vikas”. An ambitious programme: Digital India aims to bridge...
In talking of a New India free of casteism, terrorism, corruption and nepotism by 2022, in his Independence Day address, Prime Minister Narendra Modi was seeking to sell a longer term vision to Indians, a vision that goes beyond the limit of his current term...
The Reserve Bank of India’s conservative inflation forecast for the fiscal year which was criticised, may indeed be turning out to be true as economists now expect inflation to rise beyond the 4% target prescribed under the inflation targeting framework. Economists are tempering their expectations on...
📰 हिंदू संपादकीय 📰 सेबी के व्यापार प्रतिबंधों पर: संदिग्ध कंपनियों के खिलाफ सेबी का आदेश भारी-भरकम न्याय की चपेट में आता है सिक्योरिटीज एंड एक्सचेंज बोर्ड ऑफ इंडिया ने क्रमबद्ध 331 कंपनियों पर ट्रेडिंग प्रतिबंधों का आदेश दिया है जो शेल संस्थाओं के होने का संदेह...
The order of the Securities and Exchange Board of India imposing trading restrictions on 331 companies suspected of being shell entities is an example of rash regulatory action. The Securities Appellate Tribunal has since rightly ordered the lifting of the trading restrictions imposed on two...
1.103 In the last 2 years, real GDP growth has averaged about 7.5 percent. But this has been achieved against the context of weak investment, export volume and credit growth. This wedge between steady growth and its underlying (relatively weak) drivers raises a question and also poses...
1.77 The Economic Survey 2016-17, Volume I had discussed the potential consequences of demonetization, mostly in theoretical terms because data available at the time was limited. Six months on, there is more data to add to the discussion. The discussion is organized around a few indicators that...
The Multiplier and links to Keynesian Economics The concept of the multiplier process became important in the 1930s when John Maynard Keynes suggested it as a tool to help governments to maintain high levels of employment This “demand-management approach”, designed to help overcome a shortage of capital...
Government investment—things like infrastructure building—results in higher multipliers. Economists at the IMF have calculated the long-run multiplier at 1.5 for developed countries and 1.6 for developing countries. In other words, developing countries really benefit from government investment over government consumption. Investment can build the productive...