Economic Survey of India: 2020 – 21

The year 2020 threw at the world a bedlam of novel COVID-19 virus, threatening all that was taken for granted –mobility, safety, and a normal life itself. This, in turn, posed the most formidable economic challenge to India and to the world in a century. Bereft of a cure or a vaccine, public health policy became central to tackling this all-pervasive crisis. The imperative of flattening the disease curve was entwined with the livelihood cost of an imminent recession, which emanated from the restrictions in economic activities from the lockdown required to contain the pandemic. This inherent trade-off led to the policy dilemma of “lives versus livelihoods”

The Economic Lie-Max Simon Nordau-1883

Conventional Lies of our Civilization-Max Simon Nordau-1883   The Economic Lie I. Those circumstances of our civilization which affect the largest number of human beings, with the most painful and lasting results, are the grievous errors prevailing in the economic world. There are plenty of people who have never taken any interest in abstract questions,…

अर्थशास्त्रम्-Artha Sastram- Tantra Yukti(15)

तद्.द्वात्रिंशद् युक्ति.युक्तं - अधिकरणम्, विधानम्, योगः, पद.अर्थः, हेत्व्.अर्थः, उद्देशः, निर्देशः, उपदेशः, अपदेशः, अतिदेशः, प्रदेशः, उपमानम्, अर्थ.आपत्तिः, संशयः, प्रसङ्गः, विपर्ययः, वाक्य.शेषः, अनुमतम्, व्याख्यानम्, निर्वचनम्, निदर्शनम्, अपवर्गः, स्व.संज्ञा, पूर्व.पक्षः, उत्तर.पक्षः, एक.अन्तः, अनागत.अवेक्षणम्, अतिक्रान्त.अवेक्षणम्, नियोगः, विकल्पः, समुच्चयः ऊह्यम् इति

Macro-Economic Update February 13, 2020 

Macro-Economic Updates Feb 13, 2020 Industrial output slumps to -0.30% in Dec’19 Industrial Production: After turning positive in Dec’19 to 1.82%, industrial output decelerated once again to -0.30% Y-o-Y in Dec’19 led by negative growth in manufacturing and electricity sectors. Output had grown by 2.53% in Dec’18. This is the fourth month of FY19-20 when…

Indian digital payment platform

Narendra Modi 31st May 2018  launched three Indian mobile payment apps in Singapore at a business event aimed at internationalisation of the country’s digital payment platform. At the ‘Business, Innovation and Community Event’ Modi launched India’s BHIM, RuPay and SBI app. India’s RuPay digital payments system was linked up with Singapore’s 33-year old Network for…

Bharat Interface for Money App [BHIM]

Law Library Bharat Interface for Money app allows payments of mobile postpaid bills, electricity bills, gas bills, water bills, and more. It is developed by National Payments Corporation of India (NPCI) and was officially launched last year by PM Narendra Modi. Initially, the BHIM app offered P2P money transfers via UPI (Unified Payments Interface), however, the…

The Capital A Critique of Political Economy [1867]

Preface to the First German Edition The work, the first volume of which I now submit to the public, forms the continuation of my Zur Kritik der Politischen Oekonomie (A Contribution to the Criticism of Political Economy) published in 1859. The long pause between the first part and the continuation is due to an illness of many…