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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
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
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.
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.
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
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.
Updated on Dec 17, 2020 03:15 AM IST
Hindustan Times, New Delhi | HT Correspondent
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.
Updated on Jan 12, 2020 05:00 AM IST
Hindustan Times, New Delhi |
Rajeev 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
Published on Nov 22, 2019 08:13 PM IST
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.
Published on Nov 21, 2019 05:46 PM IST
Hindustan Times, Berhampore |
Sreyasi 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.
Updated on Sep 03, 2019 04:47 PM IST
livemint, New Delhi |
Utpal 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.
Updated on Jul 25, 2019 08:22 AM IST
Hindustan Times, New Delhi |
Sudhi 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.
Updated on Jul 18, 2019 01:18 AM IST
New Delhi | HT Correspondent
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.
Updated on Jun 09, 2019 10:12 AM IST
New Delhi |
Sunetra 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).
Updated on Jun 07, 2019 07:14 AM IST
Hindustan Times, New Delhi |
Sunetra 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.
Updated on Mar 03, 2019 12:13 PM IST
New Delhi |
Press 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.
Published on Feb 07, 2019 07:38 AM IST
New Delhi | HT Correspondent
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.
Published on Dec 28, 2018 05:01 PM IST
New Delhi |
Press 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.
Updated on Sep 04, 2018 10:14 PM IST
New Delhi |
Press 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.
Published on Jun 29, 2018 11:52 AM IST
Reuters |
Reuters
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.
Updated on Jun 10, 2018 11:06 AM IST
Hindustan Times, New Delhi |
Vineet 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
Updated on Jun 04, 2018 11:52 PM IST
Hindustan Times, New Delhi |
HT 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.
Updated on May 02, 2018 10:20 PM IST
Hindustan Times, New Delhi | Zia Haq
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
Updated on Mar 27, 2018 12:35 PM IST
Kartik Goyal, Bloomberg | HT Correspondent