Category: Economics
-
The palm Row
Recently there have been tensions between India and Malaysia. This is possibly because of Malaysian prime minister, Mahatir Mohammad’s constant criticism of India regarding the abolition of article 370 and CAA. This has led India to rethink it’s economic relations with Malaysia. India is the largest importer (buyer) of palm oil from Malaysia but India […]
-
World War 3?
We’ve seen the memes, the jokes, the trending hashtag of world war 3. But did it ever make you wonder, will it really happen? And why? Let’s find out… True,Iran and the United States have been fighting the whole of last year (read article- Iran In A Fix? For more),over various topics such as oil […]
-
Bharat Bandh
Today, all of Bharat is expected to go through with the Bharat bandh, started by the bank unions. The bank unions consist of banks such as INTUC, AITUC, HMS, etc. Bharat bandh is basically when people go into strike to protest against something, by refusing to work. Bank chains, work offices, and some schools are […]
-
Money Money Money!
Just this Friday, government data was released which showed us that India’s economic growth rate had slowed down to 4.5% in the months of July-September. This is the slowest rate since 2013. Ironically current Prime Minister Narendra Modi came into power because if his promises to provide jobs and boost India’s economy in the 2014 […]
-
Deepawali, Festival of Exploitation?
Delhi has now offered a laser show to replace all fireworks to prevent further air pollution this diwali. This is a great idea as more people will reduce using firecrackers, so less firecrackers will be produced. The fireworks industry has one of the worlds highest cases of child labour, where even six year old children […]
-
Brexiting or Not?
The European union (EU) is a group of 28 European countries that are united by the same market and laws. However, for couple of years now there are brexit negotiations going on. Brexit means Britain exiting the EU. They want to exit as they want different tax laws, immigration laws etc. However, up until now […]
-
APEC Forum
Donald Trump is has said that he will not sign the Chinese deal unless he personally meets with Xi first. This is most probably at the APEC forum in Chile. Donald Trump has promised a better trade deal with China, along with the returned promise of buying more agricultural goods. He says the deal is […]
-
Faceless Taxes?
Indian tax officials are protesting against Modi’s new faceless tax reforms. Faceless tax reforms are when all transactions will be strictly electronic, and nothing will be done face to face or personally. Faceless tax collection will allow less corruption to occur and allow companies to peacefully pay their taxes in a secure manner. This is […]
-
Indian man and his wife Bag a Nobel prize
Abhijit Banerjee and his wife Esther Duflo along with Michael Kremer were awarded the 2019 Nobel Economics prize on Monday, 14th October, 2019. This makes them the 6th married couple to receive the Nobel prize. Abhijit Banerjee is a Ford foundation International professor of economics at MIT. He was born in 1961 in the city […]
-
House of Debt
Builders and those in the real estate industry borrow large sums of money from shadow lenders (housing finance firms that lend loans to developers). Now, due to high prices of property, demonitization, GST, increasing unemployment and other such problems the real estate sector is in a slump. This slowdown in the industry is a crisis […]
Owlett 