Rural road connectivity is an important part of rural development. Evidence suggests that rural road connectivity plays a vital role in poverty reduction in rural areas. It provides access to amenities like schools, hospitals, agricultural markets, and even primary school education. In most rural areas, schools are located far away from villages, making it difficult…
India boasts a rich history of a diverse and multidisciplinary education system. The pursuit of knowledge (Jnana), wisdom (Pragya), and truth (Satya) was always considered as the ultimate goal. Ancient India has been home to world-class institutions such as Takshashila, Nalanda, Vikramshila, Vallabhi, which set the highest standards of multidisciplinary teaching and research. The present system of education…
Brahmāstra, a film planned for over ten years and shot for over four years, was released on 9th September 2022. As per the expectations, the movie collected around Rs 43.3 crores in India and 75 crores (gross) globally on day 1; propelling Brahmāstra to surpass the opening day numbers of pre-pandemic hits like Bahubali-Conclusion,Tiger Zinda Hai, Sanju and Dhoom 3. In the coming days,…
Tariffs on imports constitute an important part of any trade agreement. Tariffs are, simply put, taxes on trade of commodities. They are used to restrict imports to ensure that domestic producers have an equal chance of competing with foreign producers. They increase the prices of goods and services purchased from foreign countries, thereby making them…
We recently started witnessing the signs of recovery from the Pandemic that started in 2019. And now, here we are, where businesses and economies around the world are looming over a downturn phase. This article explores the surroundings of the recessionary phenomenon in the global economy. A global recession is an extended period of economic…
Should India be the economy with higher ranks or Should we focus on creating a resilient economy? A question that the Indian Government and policymakers should ponder! Why this question? India has overtaken the United Kingdom to be the fifth largest economy in the world in 2021, according to International Monetary Fund (IMF) data. The…
The Ministry of Commerce and Industry is entrusted with the responsibility of managing commercial activities in the Indian economy. The Department of Commerce under the Ministry formulates, implements and monitors Foreign Trade Policy (FTP), which provides a framework of policy and strategy for the promotion of exports and trade. It is periodically reviewed to incorporate changes necessary…
An integral part of the economic growth and development story of an economy is the commodities and services it trades with other economies, because exports stimulate domestic economic activity by generating employment, production and revenues. After India’s 1991 Balance of Payments (BoP) crisis, as a part of its economic restructuring, it was mandated by the…
What is KYC? KYC stands for Know Your Customer. It is a regulatory process for financial institutions and requires verification of the identities of customers. The regulators require financial institutions to screen their customers so that no bad actors enter their financial system. KYC Process is important to prevent money laundering. This process began in…
Rising to the China Challenge: Winning through Strategic Patience and Economic Growth By Gautam Bambawale, Vijay Kelkar, Raghunath Mashelkar, Ganesh Natarajan, Ajit Ranade, Ajay Shah Introduction I have always wondered why India is not a superpower while our neighbour China is, given how their trajectories of economic growth appeared to be parallel. While I found…