Unravelling the Surge: Understanding the Hike in Tomato Prices in India

The recent skyrocketing price hike of tomato in India left the countrymen and economy in shock. This surge has impacted households, restaurants, and food industries across the country. In this article, we talk about the whys and wherefores behind the recent hike in prices and its potential inferences on the economy and consumers.

Rural Auto Market Surges to New Heights

India’s rural markets, which had remained stagnant for the previous three years due to the economic effects of the pandemic, are now gaining momentum and are expected to drive demand for automobiles, motorcycles, and tractors as the nation enters the holiday shopping season later this quarter. Surprisingly, the rural auto market has emerged as a success story, defying initial predictions of economic downturns in the aftermath of the global pandemic. While urban areas initially experienced a slump in automobile sales due to pandemic-related restrictions and remote work arrangements, rural communities have shown remarkable resilience, driving the demand for vehicles to unprecedented levels.

A Mall for handicrafts

Involving an initial expenditure of ₹159 crores, the proposed mall at Nonadanga at Adarsha Nagar off Eastern Metropolitan bypass is a brainchild of Mamata Banerjee headed Trinamool Congress state government.

US dollar losing its dominance

Contrary to Western calculations, recent anti-Russian economic sanctions have turned into yet another example of a major financial decision going disastrously wrong.

India needs to elevate the penetration and density of insurance

The insurance sector holds significant importance in a modern economy and its development is assessed through two key indicators: insurance penetration and insurance density. Insurance penetration is the percentage of total insurance paid in a year relative to the GDP of that year, while insurance density refers to the ratio of premium to population, usually measured in US dollars for international comparisons. Unfortunately, India has been lagging behind the global average in both these aspects.

Internationalisation of INR: RBI's Efforts to Strengthen Domestic Currency and Exports

The Reserve Bank of India (RBI) has taken significant strides this year by announcing the internationalization of the Indian rupee (INR). Internationalization implies widespread acceptance of the INR globally as a medium of exchange, allowing India to use INR for imports. This move by the RBI enables settling payments for international trade in INR, invoicing, and payments, which is part of a gradual de-dollarization plan.

INDIAN BANKS EARN RECORD PROFIT, CUT NPA RATIO TO A DECADAL LOW, IMPROVE ASSET QUALITY AMIDST GLOBAL FINANCIAL TURMOIL

Amidst global uncertainties and a faltering global economic growth prospect, the Indian economy continues to display robust growth momentum, supported by strong macroeconomic fundamentals. The Reserve Bank of India has projected the real GDP growth at 6.5% for 2023-24 over and above the 7.2% growth it achieved last year. The International Monetary Fund has projected India’s GDP growth at 5.9% for 2023-24 while the World Bank has projected it at 6.3%.

Amarnath Yatra: A Festival In Kashmir

The annual Amarnath Yatra, spanning 62 days, began in the picturesque Kashmir Valley on July 1 and will conclude on August 31. The pilgrimage will take place on two routes: Pahalgam in Anantnag and Baltal in Ganderbal district.

From the seas to the stars: a new US-India relationship

The joint statement issued from the White House, which spans across oceans and reaches the realm of the stars, has come as a global surprise. Prime Minister Narendra Modi's exceptional performance at the joint session of the US Congress, along with the transformation of the relationship from an openly abusive one in the 1970s to today's effusive praise, leaves the world wondering.

The Ignorance Unlimited

A.P.J. Abdul Kalam, the esteemed former President of India, renowned as the Missile Man and deeply spiritual, found himself surrounded by a group of school children. With a desire to convey the importance of a new world order, he shared a strategy for creating a better world by transforming ritualistic practices into spiritual ones. Engrossed in his every word, the children listened attentively as he began to tell them a story:

Blue economy for peace and development on earth in the third millennium

The world is currently facing a challenging time with the multiple impacts of Climate Change, COVID-19, and conflicts such as the Ukraine-Russia war. We are struggling to accelerate progress towards the Sustainable Development Goals (SDGs) and the slogan of \"Leave No One Behind (LNOB)\" outlined in the 2030 Agenda for Sustainable Development.

Sardar Patel's Vision of Swarajya

The Sardar considered self-reliance, social equality, and prosperity as the benchmarks of Swarajya. These principles are not only relevant today but also serve as the litmus test for the achievements of free India or Swarajya.

Meditation Enhanced by Reiki: A Simpler Practice

In today's fast-paced and stressful life, many of us find ourselves on a difficult and exhausting journey. We constantly rush through our daily routines, only to realize at the end of the day that we haven't had a genuine moment of heartfelt laughter. Time is precious, and the accumulation of day-to-day stress can drain our energy, leaving us fatigued and susceptible to a myriad of problems. Gradually, this burden takes a toll on our clarity of thought, effective communication, and overall sense of joy. The mind becomes overwhelmed by negativity, paving the way for diseases and depression. Negativity impairs our ability to concentrate, erodes our self-confidence, and drains our enthusiasm for life. As a result, happiness becomes elusive.

We need to evaluate for course corrections in PLI scheme - Secretary, DPIIT

The Government of India is set to evaluate the reasons behind the slow disbursement of funds for different sectors under the Production Linked Investment (PLI) scheme. Rajesh Kumar Singh, Secretary in the Department of Promotion of Industry and Internal Trade (DPIIT), highlighted this issue during a discussion in New Delhi, as reported by the Economic Times on June 14. Singh acknowledged that while they are hopeful of utilizing ₹1.97 lakh crore for the scheme, some course correction may be necessary at the individual scheme level.

The Post-Covid Healthcare Sector in India

The Covid-19 pandemic has significantly impacted the healthcare sector worldwide, and India is no exception. The crisis has not only revealed the vulnerabilities and gaps in India's healthcare system but also presented new challenges and opportunities for the sector.

Rising Russian oil import by India saved Europe from disruption in oil supply chain

India has become Europe's biggest supplier of refined fuel last May surpassing Saudi Arabia, according to analytics firm Kpler. This was due to Western sanctions that have cut off direct oil flows from Russia, the main source of oil for Europe.

Is the phase of coordinated central bank action against world inflation to end?

Federal Reserve Governor Jerome Powell testified at a Senate Banking Committee hearing on Capitol Hill in June.

Climate Change: A Risk To Indian Agriculture

One of the most pressing global issues today is climate change, which has far-reaching implications for various industries, including agriculture

Tiger Tourism

Wildlife tourism provides a profound opportunity to connect with nature and gain a deeper understanding of our beautiful planet

Sustainable steel for sustainable world

More than a century ago, in 1907, the first iron and steel plant, Tata Iron and Steel Company was set up at Jamshedpur in Jharkhand (then Bihar) with a production capacity of one lakh tonnes

Promoting sustainable business practices in India

India's rapid economic growth has brought forth a range of environmental and social challenges that necessitate a re-evaluation of business practices

Demonetization Drive 2.0: All you need to know

After the bold move of demonetization in 2016, the Reserve Bank of India currency notes from circulation on May 19, 2023

India needs to diversify into high-demand export products

On May 15th, Santosh Kumar Sarangi, the Director General of Foreign Trade (DGFT) of India, suggested that Indian exporters diversify into products with higher export demand

Who is challenging dominance of the us dollar? the

On April 2023, Sergio Massa, Argentina's Economy Minister made an announcement stating that his country would now pay for imported goods from China in Chinese Yuan instead of US dollars

Is the Rupee-Rouble Trade Arrangement in Trouble?

Without involving the US dollar, ten months ago, it seemed straightforward price

Agriculture in Nagaland embarks on a path of farmer development

It is worth mentioning that agriculture in Nagaland appears to be moving in the right direction, as indicated by a working paper on Indian Agriculture published by NITI Aayog in 2022

G20 Summit concluded peacefully in Kashmir

The Third Tourism Working Group (TWG) meeting of the G20 grouping of the world's largest economies recently concluded in Srinagar

UN Warns Of Increase In Global Warming By 2030

The UN's Intergovernmental Panel on Climate Change (IPCC) has recently issued its synthesis report on six post2015 findings, warning that the speed and scope of what has been done so far and the current plans are insufficient to combat climate change and that the world will cross the dangerous threshold of 1.5-degree Celsius temperature rise (from the level of 1850-1900 level) by 2030

Heat Waves Cause Economic Slowdown

Carbon dioxide (CO2) is the biggest contributor to global warming; its concentration in the atmosphere has soared by 48% between 1750 to 2020

The Art Of Manifestation: Finding Your Own Genie

Manifestation is a process that has been studied and practiced for centuries