Found 235 Articles for Economics

That's not true because there are still many farmers who are making very good profits. Of course, it depends on what your approach toward farming is, where you're doing your farming, how you're doing it, which cropping pattern you have chosen and why have you chosen it?If you've gone into farming with the objective of making a quick buck, then you better not get into it because it's more likely that you'll lose all your investment capital let alone make a quick profit. Farming is a long-term occupation and if you want to do well in it, you must dedicate ... Read More

Corruption in India is as old as the human civilization itself. In the Arthashastra, Kautilya mentions, “the fish in the water definitely drinks it, the man who touches the honey surely tastes it, an official amidst public money corrupts it.” Corruption in India exists in various forms and levels from bribe to scams and it is extremely deep-rooted in the system.While corruption cannot be removed from the system completely at one go, the following are the steps that can be taken to minimize corruption at the macro as well as the grassroots level:E-governance − With the setting in of Information ... Read More

E-commerce has brought in a revolution in the shopping culture of India. Each and every day, the social networking sites, the print as well as the electronic media are flooded with advertisements from various e-commerce websites like Flipkart, Amazon, Myntra, Snap-deal, etc. These websites open up a plethora of options and give the customers the ease of shopping at their own pace with great deals and discounts each day.However, while we enjoy the offers through online shopping, there are some negative aspects about them too which are:Shopping for socializing − One of the amazing aspects of hands-on shopping at stores, ... Read More

The word ‘Budget’ is derived from the root word ‘Bougett’ which means a sack or a pouch in which papers for the presentation in Parliament were carried by the British Chancellor of the Exchequer. These papers would have the details for the government’s financial program for the upcoming year. Article 112 refers to the term ‘Annual Financial Statement’ of expenditure and receipts of the government. In other words, the term ‘Budget’ is the popular name used for Annual Financial Statement mentioned in the Constitution.Here are some of the points that highlight the features of Budget in alignment with Article 112 ... Read More

The Consumer Protection Act was passed in the year 1986. It is considered an important milestone in the legal history of India. With globalization, we observe that there is a plethora of goods and services. It is important for a Consumer to have important support in purchasing the right goods and services and have their grievances redressed whenever they arise in some occasions.Consumer and SellerThe first very important aspect of this Act is, that it clarifies on the point that who is a consumer? and who is the seller? A Consumer is a person who buys goods and services for ... Read More

A Gig Economy is the environment in which temporary and flexible opportunities take over permanent and full-time jobs. Gig Economy is the antonym of the traditional economy where full time and permanent employees focus on a lifetime career.A gig economy is an environment in which temporary positions are common and organizations contract with independent workers for short-term engagements. The trend of Gig Economy has already started in the USA. It is predicted that by 2020, 40% of the jobs will be filled by contract employees and freelancers.There are a number of forces behind the rise in these kinds of short-term ... Read More

As women empowerment progresses rapidly across the country bringing in a large number of women into the workforce, financial services providers like insurance companies are coming up with specially designed plans for women that offer both savings and protection. Here are some optimum plans offered by well-known insurance companies although it would be difficult to point out anyone as the 'Best'.HDFC Life Smart Women ULIP (Unit Linked Insurance Plan)This is an optimum unit-linked investment plan tailored specifically to meet the needs of women and it covers them for pregnancy complications, female-specific cancers and other conditions that are known to affect ... Read More

When GDP is calculated on nominal dollar terms, it not only leaves out many important factors but also uses an exchange rate of currencies that do not reflect the real strength of an economy. However, when calculated on PPP (Purchasing Power Parity) terms, the difference in the GDP calculated on nominal exchange rate ranges from very less to nothing to negative.How Is It Calculated for Developing Countries?When this calculation is done for developing countries, the GDP increases 2-3 times as it happens in the case of India where it leaps over four times from $2.5 trillion to over $10 trillion, ... Read More

In my opinion, the depreciation of Indian rupees is one of the major reasons why we get this phone at such an exalted price compared to the rest of the world. Our currency has really dipped to a very significant mark against the US dollar in the past a few years; therefore, when a buyer goes to purchase it in India, the cost is straight away converted from USD to INR, and thus, the lower value of our rupees makes this phone costlier.However, this is what I come across while looking for pictures to sum up my answer and I ... Read More

India’s biggest banks like SBI, ICICI, and PNB have hiked their deposit and loan rates and made the way for interest rates to head only one-way-up. SBI has increased marginal cost based lending rate (MCLR) by 0.20% for the duration of 1 year and 0.25% for three years. This will directly influence your EMI.Now suppose, you have taken a home loan of 20 Lakh then you have to pay Rs 253 additional for the next installment. Similarly, PNB has raised the MCLR by 0.15%. The new rates will be applicable from March 1. So, if you are planning to take ... Read More