Bharatiya economy’s macro snapshot – March 2021
Manufacturing PMI fell to a seven-month low of 55.4 but remained above the long run average, suggesting an expansion in economic activity. Further, the Services PMI also fell marginally to…
Economy
Bharatiya economy’s seven decades of independence – A review and way forward
In 1947-48, per capita income was Rs. 230. In 2019-20 it rose to Rs. 1,35,000. In 1948, power generation capacity was nearly 2100 MW; length of railway lines was 53,596…
Welfare of Workers in Unorganised Sector – Post COVID-19 Roadmap
136 million across the country are working without any formal contracts. According to various sources, the following are the details available of the working population in our country. 205 million…
Burgeoning Debt of the States, a Cause for Concern
Debt burden of various states of the union is worrisome and is a manifestation of the reckless expenditure and lack of fiscal prudence. The CAG (Comptroller & Auditor General) in…
Himachal Pradesh – A Tiny State With Insurmountable Debt
Himachal Pradesh’s debt has been mounting by leaps and bounds and this tiny hill State has a whopping Rs. 46,502 crore debt as per the statement of the current CM…
Bharat Provides Petroleum Pipeline and Railways to Nepal
These days bonhomie is in the air of Nepal as the Bharatiya Government is expediting its development assistance to its neighbor nation Nepal. Earlier Nepalese government complained that although Bharat…
Bank Frauds in Bharat- Issues and Challenges
According to statistics given in the RTI query filed by economist Prasenjit Bose, total value of bank frauds where the amount involved was more than Rs. 1 Lakh in each…
Making a Hapless Citizen a Criminal – Giving Bribe in Bharat
Recently Parliament cleared the Prevention of Corruption (Amendment) Bill, 2018, which has enhanced the punishment to the bribe giver. While it has other provisions, the ones that I will deal…
Automated Scavenging- A Technological Solution For Eliminating the Death Trap
Since the times human beings have settled in colonies, they have benefited from the economies of scale offered by these settlements. For example, buyers and sellers could exchange a variety…
PV Narasimha Rao- Architect of Bharat’s Liberal Economy, An Underestimated Leader
A freedom fighter, a highly intellectual person, ‘Chanakya of Modern Bharat’, ex Prime Minister of Bharat who shaped the liberal economy of Bharat- Pamulaparti Venkata Narasimha Rao, aka, PV Narasimha Rao. He…