One of the most famous examples of a cartel given by many economists is the Organization of Petroleum Exporting Countries (OPEC). According to the OPEC countries, the major objective of the organization is “Unification and coordination of petroleum policies among member countries, in order to achieve just and stable prices for petroleum producers”. In recent […]
When the BJP led government won the elections in 2014, PM Modi strived to practice a neoliberal approach in the economy. This led to a small stream of free trade, privatisation and disinvestment. The rhetoric of ‘minimum government and maximum governance’ was propagated. But after 7 long years of their sovereignty, it is condemned that […]
Martin Scorsese plays his magic as a filmmaker yet again! With ‘The Wolf Of Wall Street’, it looks like he went to several extremes to bring the best possible outcome for a dark, yet humorous film. The 2013 film became one of Scorsese’s highest-selling films at the box office, grossing $392 million throughout the world. […]
Fiscal policy is an important policy instrument that influences economic growth through a direct impact on aggregate demand, and consequently, total income in an economy. Fiscal policy can be of two types, expansionary or contractionary with the main tools being government expenditure and taxation. In India, it is commonly seen that the government’s expenditure on […]
“Business is all about risk taking and managing uncertainties and turbulence.” – Gautum Adani Amidst the pandemic and crumpling businesses across the globe, Gautum Adani has been declared as Asia’s second richest man. While the coronavirus outbreak has taken down many businesses since last year, the Adani Group has thrived. Adani’s conglomerate continues to climb […]
Inflation, also listed as the number one ‘public enemy’ by President Gerald Ford in 1974, is basically a situation where everybody is so rich that nobody can afford anything. A common tool used to measure inflation is the Consumer Price Index (CPI)- the cost of a given basket of goods at a particular time relative […]
As per the RBI Annual Report 2020-21, the number of bank frauds reported during the year decreased by 15% in terms of number and 25% in terms of value, vis-à-vis 2019-20 (See tables below). The share of PSBs in total frauds (both in terms of number and value) decreased while that of private sector banks […]
A study conducted in Nepal, monitoring the effects of easily accessible, no-fee accounts offered to female heads of households living in slums, showed that while there was no evidence of an increase in assets, it did lead to an increase in spending on education and eventually, a rise in the schooling levels of their daughters […]
March 2020 saw the world coming to a halt, with the World Health Organization declaring the Covid-19 a global pandemic. This led to a drastic reduction in human activity and much of the world going into (what we’re all familiar with by now) – a lockdown. The major pollution contributors such as – fuel combustion […]
A Fetal Heartbeat bill is an abortion-related legislation that has been brought forward in the United States. According to the bill, abortions will become illegal once the first fetal heartbeat can be detected. The first fetal heartbeat varies from person to person, though is usually detected after the first six weeks of pregnancy. Although this […]