wo years ago, when the Covid-19 pandemic gripped the world, developed economies benevolently extended unemployment benefits along with job protection schemes. This was something that John Maynard Keynes had advocated during The Great Depression of 1929 to avoid the ‘paradox of thrift’ i.e., an i...
Debate on quality may roughly be associated with the period after World War I (1920s) when scientific management made a breakthrough in American industrial units to improve efficiency. Later, when consumers started demanding value for their money, work got divided to ensure that they get perfection ...
In less than six months, India is again battling with an energy crisis. States like Andhra Pradesh, Gujarat, Maharashtra, Jharkhand, Bihar, Haryana and Uttarakhand are reeling under long power cuts. A K Jain, Coal Secretary recently said that shortage of electricity may be attributed to the low stoc...
Amidst the ongoing Russia-Ukraine war, the International Monetary Fund (IMF) recently pointed out that the ramifications of this war will not only be devastating but far reaching as well. In addition to human suffering and refugee flows, global economies will be encountering slow growth and high inf...
Budget 2022 was being fretfully awaited by the people of India, as in the last two years, the Indian government had tried to resurrect the Covid shattered economy by putting its economic strength behind the corporates. The poor, common public, middle class and MSMEs were enormously hopeful that the ...
In the last two months or so, two important international reports have been published related to economic inequalities in the world. First one is the World Inequality Report 2022 that was published by the Paris School of Economics on December 7, 2021. The other is the Inequality Kills Report publish...