INS Kiltan, the latest indigenously-built anti-submarine warfare stealth corvette was commissioned into the force on Monday 16 October 2017 by Defence Minister Nirmala Sitharaman at the Eastern Naval Command, Visakhapatnam; in presence of navy chief Admiral Sunil Lanba; augmenting the Indian Navy’s strike capability in the Indian Ocean Region. It will boost force’s capability to detect and targe...
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India’s Farm Sector, Famine & Food Security
India Globally ranks Second in the World in Agricultural Sector and eleventh and twelfth in Services and Industrial sectors respectively; but for the Farm Sector the situation in India is paradoxical, as this sector on the one hand is of utmost importance and on the other hand the country faces structural handicaps that have prevented it from ro...
India and European Union to Deepen Strategic Relations & Economic Cooperation
India and the European Union (EU) 14th annual Summit was held in New Delhi on Friday 6 October 2017; between Indian Prime Minister Shri Narendra Modi, and Mr. Donald Tusk, President of the European Council and Mr. Jean Claude Juncker, President of the European Commission. The summit gave a political impetus to the process for a fair and free trade agreement. It has given the two sides a much cle...
Common Aspirations and Potential of India & China
India and China are on the same road of globalization, with interests that could collide over issues such as access to markets, natural resources or strategic partners. Both are populous Asian nations experiencing high rates of economic growth with more exposure to international market forces. The two countries have reconciled to be on a path to perpetual cooperationContinue Reading...
Nobel Prize in Economics on Irrational Human Traits
Nobel Memorial Prize in Economics for 2017, the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel, has been won on Monday October 9, 2017 by Richard H. Thaler, born in 1945 in East Orange, New Jersey, USA, aged 72, a professor of Economics and Behavioural Science at the University of Chicago’s Business School, for “his contributions to behavioural economics”, upending the lo...
Nobel in Medicine for Discovery of ‘clock genes’
Nobel Prize in Physiology or Medicine 2017 has been awarded by the Nobel Assembly at Karolinska Institutet, on Monday October 2, 2017 jointly to three Americans Jeffrey C. Hall, Michael Rosbash and Michael W. Young for their discoveries of molecular mechanisms controlling the circadian rhythm; the Scientists elucidated how a life-form's “inner clock" can fluctua...
Modinomics: a Catalyst of Economic Reforms to Make India a Developed Nation by 2022
India achieved independence in 1947, prior to which, i.e., in the first five decades of the 20th century from 1900 to 1947 the per capita GDP in India was stagnant, as the trend of growth in GDP during this period was 0.9 per cent with population growing by 0.8 per cent. We can experience some triumphalism on the 70th anniversary of our independence with India being est...
Economic Survey 2016-17: Volume-2 is Optimistic despite Deflationary Impulses & Subdued Growth
Economic Survey 2016-17: Volume-2, for the first time government presented a second or a mid-year economic survey for the year 2017-18 highlighting the new factors that the economy faces since the last such exercise in February, tabled in Parliament by Finance Minister Arun Jaitley on Friday 11 August 2017 rekindles optimism on ongoing structural reforms driven by:
Climate Change, Sustainable Development and Energy
Modern economic development largely depends on the availability of energy sources and effective utilisation of these sources. The traditional energy sources largely come from the fossil fuels and over utilisation of these fuels can cause drastic environment, ecology and climate change which have been described as the biggest global health threats of the 21st century. This is affecting...
Sectors of Indian Economy
Economic activities are activities that result in the production of Goods and Services. Indian Economy can be classified into various sectors on the basis of ownership, working conditions of the workers and the nature of the activity being performed. Sectors are the group of economic activities classified using some important criterion. The value of final goods and services produced in each sect...