Minister of Finance & Corporate Affairs, Mrs. Nirmala Sitharaman tabled the Economic Survey 2018-19 in Parliament today. With the theme of Shifting Gears and “Blue Sky” policy-making, India aims to achieve a sustained growth rate of 8% to become a $5trillion economy by 2025.
By Charudutt Sehgal Introduction The economic progress of a nation and development of its banking sector is invariably interrelated. The banking sector is an indispensable financial service sector supporting development plans through channelizing funds for productive purpose, intermediating flow of funds from surplus to deficit units and supporting financial and economic policies of the government. Banks […]
Meaning: Describes human emotion that drives consumer confidence. A term used by John Maynard Keynes in his 1936 publication (“The General Theory of Employment, Interest and Money”), animal spirits emphasizes the importance of confidence and the ‘gut instincts’ of businessmen on their future business prospects. It also refers to the risk involved in taking decisions which […]
By Vinay Narasimhan Edited by Balakumar M The global economy can interestingly be compared to a human body and countries to blood cells. When blood cells in one part of the body get affected, the infection rampantly spreads to other parts making the entire body frail. An antidote may not be strong enough to help the blood […]