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How a popular strand of economics lost its shine

If 2008 marked the rise of behavioural economics, 2023 marks a year of reckoning. The Gino-Colada affair has blown the lid off a simmering crisis in the field

If 2008 marked the rise of behavioural economics, 2023 marks a year of reckoning. (Getty Images/iStockphoto/Representational image)
Published on Dec 11, 2023 10:00 PM IST

‘Utmost priority’: New UK PM Sunak vows ‘stability’ against economic crisis

After his triumph in the UK Tory Party leadership contest, Rishi Sunak said that it is the “greatest privilege” of his life to give back to the country that he “owes so much”. UK PM-designate, Rishi Sunak vows ‘stability & unity’ against economic crisis

New Conservative Party leader and incoming Prime Minister of the UK Rishi Sunak. (Photo by Daniel LEAL/AFP)
Updated on Oct 24, 2022 11:21 PM IST

India on cusp of major economic recovery: Niti Aayog VC

Asia's third-largest economy is projected to grow 8.9 per cent in 2021-22, according to recent government data. The Reserve Bank of India (RBI) has pegged the economic growth rate for 2022-23 at 7.8 per cent.

Vice-Chairman NITI Aayog, Dr. Rajiv Kumar addressing at the release of the Second Edition of Export Preparedness Index (EPI) 2021, in New Delhi on Friday. (ANI Photo)(ANI)
Published on Apr 03, 2022 02:31 PM IST
PTI |

Sri Lanka to turn off street lights as economic crisis deepens

The island nation of 22 million people is struggling with rolling power cuts for up to 13 hours a day as the government is unable to make payments for fuel imports because of a lack of foreign exchange.

Sri Lankans wait to buy cooking gas at a vendor in Colombo, Sri Lanka. (AP)
Published on Mar 31, 2022 03:48 PM IST
Reuters |

Ensuring education for the marginalised students

While ensuring more funds to retain students is commendable, the Centre must also iron out the systemic challenges that are dogging post-matric scholarships

The Cabinet Committee on Economic Affairs on Tuesday announced that the Union government will increase its share of contribution to Post Matric Scholarship for students from the Scheduled Castes (SCs).(Sanchit Khanna/HT PHOTO)
Updated on Dec 24, 2020 06:39 PM IST

Amid farm stir, Cabinet clears 3.5k crore sugar export subsidy

The decision comes amid a persistent standoff between large farm unions and the government over three recent laws that aim to liberalise the farm economy.

India is the world’s largest sugar consumer, but 90% of the country’s output goes into commercial food products while 10% is bought by household consumers.(Reuters File Photo)
Updated on Dec 17, 2020 03:15 AM IST
Hindustan Times, New Delhi | By

New body may settle claims if a bank fails

The proposed legislation, which aims for expeditious resolution of stressed financial institutions, including banks and insurance firms, is expected to be introduced in the Budget session of Parliament after cabinet approves it, according to an official.

The draft Bill will replace the Deposit Insurance and Credit Guarantee Corporation (DICGC) and the idea is to create a suitable institutional mechanism under the RA, an official said.(HT File Photo/Representative Image)
Updated on Jan 12, 2020 05:00 AM IST
Hindustan Times, New Delhi | ByRajeev Jayaswal

Breaking the impasse on strategic disinvestment and privatisation

The way to push the process is for the political leadership to sign off on each transaction

Sale of one public sector enterprise to another cannot be called real strategic disinvestment. What is needed is an open and competitive process(Vijayanand Gupta/HT Photo)
Published on Nov 22, 2019 08:13 PM IST
BySuyash Rai

Mamata says disinvestment no solution to economic crisis, advises Centre to consult experts, parties

On tour of the state’s districts, Mamata Banerjee said while speaking to reporters at Berhampore town in Murshidabad that disinvestment in PSUs would not solve any crisis in the long run.

West Bengal Chief Minister Mamata Banerjee addresses during 'Pariseba Proden' a government programme at Sagardighi in Murshidabad district on November 20, 2019.(Photo: PTI)
Published on Nov 21, 2019 05:46 PM IST
Hindustan Times, Berhampore | BySreyasi Pal

Cabinet increases ethanol prices before state elections

The ‘C’ heavy molasses and ‘B’ heavy molasses will be priced at ₹43.75 per litre and ₹54.27 per litre, respectively. The price of ethanol from sugarcane juice, sugar and sugar syrup has been fixed at ₹59.48 per litre.

The move comes in the backdrop of the central government’s plan to double farmers’ income by 2022.(Mint File photo)
Updated on Sep 03, 2019 04:47 PM IST
livemint, New Delhi | ByUtpal Bhaskar

Finance secretary SC Garg moved out in reshuffle, AK Bhalla named home secy

Garg, a Rajasthan cadre Indian Administrative Service (IAS) officer has been replaced by Atanu Chakraborty, who will take over as the secretary of the Department of Economic Affairs. Chakraborty is a Gujarat cadre IAS officer of the 1985 batch.

SC Garg was the senior-most bureaucrat in the Finance Ministry and a key figure associated with the maiden budget of Finance Minister Nirmala Sitharaman. (HT Photo)
Updated on Jul 25, 2019 08:22 AM IST
Hindustan Times, New Delhi | BySudhi Ranjan Sen

Centre nod for largest hydro-power project

Union environment minister Prakash Javadekar hailed the hydro-electric multipurpose project as a “major contribution of India” to the world which is battling climate change.

In 2013, the Forest Advisory Committee of the ministry of Environment and Forests put the project on hold after it found that around 350,000 trees had to be felled for the project that was supposed to come up on the Dibang river.(HT Photo)
Updated on Jul 18, 2019 01:18 AM IST
New Delhi | By

What makes the Cabinet committees so significant

The body has representation from allies like, for instance, the Akalis and Shiv Sena in the Modi government, which has made it large and unwieldy, according to officials in the know.

New Delhi: Prime Minister Narendra Modi with Union Ministers Nitin Gadkari, Rajnath Singh, Amit Shah and others during the first cabinet meeting(PTI)
Updated on Jun 09, 2019 10:12 AM IST
New Delhi | BySunetra Choudhury

PM Modi, Rajnath Singh on 6 Cabinet committees, Amit Shah on all 8

Interestingly, in the list released on Thursday morning, Singh was named as a member of just two, albeit crucial committees -- the Cabinet Committee on Security (CCS) and the Cabinet Committee on Economic Affairs (CCEA).

A day after announcing new Cabinet committees for employment and growth, the government on Thursday reconstituted six other panels. (Ajay Aggarwal/HT PHOTO)
Updated on Jun 07, 2019 07:14 AM IST
Hindustan Times, New Delhi | BySunetra Choudhury

Niti Aayog to draw up list of non-core assets of CPSEs for possible monetisation

The report of Niti Aayog will be taken up by the alternative mechanism on disinvestment, headed by Finance Minister Arun Jaitley, following which the CPSE and the respective administrative ministry will further proceed with the monetisation process, the official added.

This is part of the overall plans of the government to lay down procedure and mechanism for monetisation of non-core assets of central public sector undertakings (CPSEs), which include mainly land and building.(Representative Image)
Updated on Mar 03, 2019 12:13 PM IST
New Delhi | ByPress Trust of India

Centre approves Rs 2,000 crore under NABARD for farm market overhaul

The fund, titled “Agri-Market Infrastructure Fund”, will essentially go into creating better wholesale markets. It was cleared by the Cabinet Committee of Economic Affairs, chaired by PM Modi and comes at a time the government is trying to boost farm prices.

A corpus of Rs 2,000 crore will be set up at NABARD, an organisation that procures and trades farm items on behalf of government.(AFP/File Photo)
Published on Feb 07, 2019 07:38 AM IST
New Delhi | By

Cabinet approves plan to list 7 state-owned firms on stock exchange

The Cabinet Committee on Economic Affairs has given approval to list seven CPSE on the stock exchange through initial public offer (IPO)/FPO, law minister Ravi Shankar Prasad said while briefing the media.

The government Friday said six public sector undertakings, including THDCIL, TCIL and RailTel, will come out with IPOs, while KIOCIL will issue follow on public offer (FPO).(HT PHoto)
Published on Dec 28, 2018 05:01 PM IST
New Delhi | ByPress Trust of India

No changes in April 10 Sebi circular, NRIs allowed to invest up to 5% in any security: Govt

Market regulator Sebi also said that it was “preposterous and highly irresponsible” to claim that $75 billion will move out of India because of the April 10 regulatory move.

The logo of the Securities and Exchange Board of India (SEBI) is pictured on the premises of its headquarters in Mumbai.(Reuters)
Updated on Sep 04, 2018 10:14 PM IST
New Delhi | ByPress Trust of India

India has adequate ‘firepower’ to deal with rupee volatility: DEA secretary

The volatility in rupee is being driven by global factors including the proposed US sanctions on Iran and the mismatch in demand and supply of oil, Subhash Chandra Garg said.

Subhash Chandra Garg, secretary of Department of Economic Affairs (DEA), addresses a press conference, in New Delhi, on Friday.(PTI Photo)
Published on Jun 29, 2018 11:52 AM IST
Reuters | ByReuters

Why government’s intervention to deal with sugar industry crisis does not solve much on ground

While welcoming the limited relief the package will bring, sugar industry also thinks that it is inadequate for the sector.

A farmer carries sugarcane to load on a tractor to sell it at a nearby sugar mill in Modinagar in Ghaziabad.(AFP File Photo)
Updated on Jun 10, 2018 11:06 AM IST
Hindustan Times, New Delhi | ByVineet Sachdev

Government announces Rs 8000 crore bailout package to cash-starved sugar mills

Sugar mills are unable to make payments to cane growers as their financial health has worsened due to a sharp fall in sugar prices after a record production of 31.6 million tonne (MT) so far in the 2017-18 season

A farmer carries sugarcane to load on a tractor to sell it at a nearby sugar mill in Modinagar in Ghaziabad.(AFP File Photo)
Updated on Jun 04, 2018 11:52 PM IST
Hindustan Times, New Delhi | ByHT Correspondent

Cabinet okays Rs 5.5 per quintal subsidy to sugarcane farmers

The subsidy for cane growers comes in view of mills coping with negative margins due to a domestic glut and a slump in international sugar prices.

Sugar mills claim they are unable to pay farmers due to a slump in sugar prices in the domestic market.(HT File Photo)
Updated on May 02, 2018 10:20 PM IST
Hindustan Times, New Delhi | By

Bond yields drop most since 2013 on Modi govt’s surprise borrowing plan

Lower bond sales ease one of the biggest worries for traders, who have been concerned about the government’s near-record borrowing as state-run banks, the main buyers of sovereign notes, stay away

The longest run of losses in India’s bond market since 1998 has been spurred by a vicious cocktail of rising debt supply, hardening global yields and the prospect of higher interest rates.(Dhiraj Singh/Bloomberg)
Updated on Mar 27, 2018 12:35 PM IST
Kartik Goyal, Bloomberg | By
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