Economics News

  • Viewpoint: A $ 5 trillion economy

    MEDC | 15 JUL,2019

      There is an official desire to make India a $ 5 trillion economy by 2024. Not only is it a symbolic gesture which sounds good, but it also seems feasible. However, the... Read more

  • Housing affordability worsens

    MEDC | 15 JUL,2019

      A survey by the RBI has revealed that housing affordability has worsened over the past four years. With a median 74.4 months’ salary required to buy a house, Mum... Read more

  • Government committed to fiscal consolidation

    MEDC | 15 JUL,2019

      There are no easy solutions for countries with a precarious fiscal position, and it is good to know that the government is officially committed to financial prudence. ... Read more

  • Rapid poverty decline from 2006-16

    MEDC | 15 JUL,2019

      India recorded the fastest reduction in multidimensional poverty between 2006 and 2016. According to a report by the UN, India lifted 271 million people out of poverty... Read more

  • Viewpoint: Union Budget 2019-20

    MEDC | 08 JUL,2019

      The government intends to make India a $ 5 trillion economy by 2024, and a well-designed budget is a logical starting point for it. The budget means different things t... Read more

  • Setting up of a National Research Foundation (NRF)

    MEDC | 08 JUL,2019

      The NRF will fund, coordinate and promote educational research in the country. NRF would ensure that the overall research ecosystem in the country is strengthened with... Read more

  • MSMEs set to gain

    MEDC | 08 JUL,2019

      A payment platform for MSMEs will be created to enable them to file their bills and make their payments. That will minimize transaction costs and boost investment in t... Read more

  • Tax proposals promote economic growth

    MEDC | 08 JUL,2019

      There will henceforth be a flat 25% tax on companies with a turnover up to Rs. 400 crore (from the earlier cap of Rs. 250 crore). This covers over 99% of enterprises i... Read more

  • Increased focus on infrastructure development

    MEDC | 08 JUL,2019

    The national highways programme will be restructured to create a network of highways grid of a desirable quality for better connectivity. Rivers will be used for the transport... Read more

  • Viewpoint: Monsoons and the Indian Economy

    MEDC | 01 JUL,2019

      A greatly delayed monsoon has arrived in the country. In Mumbai, it is the first time in 45 years that the rains have been delayed to this extent. However, the conditi... Read more

  • Kerala tops NITI Aayog health index

    MEDC | 01 JUL,2019

      Kerala secured the top spot in terms of overall performance on the second NITI Aayog health index, while Uttar Pradesh continued to be last. Maharashtra moved up to th... Read more

  • America imposes new curbs on Iran

    MEDC | 01 JUL,2019

      Tensions between the US and Iran have been growing steadily since May when America ordered all countries to halt imports of Iranian oil. The US administration essentia... Read more

  • Maharashtra to strengthen MEDC Think Tank

    MEDC | 01 JUL,2019

      In the additional Budget of Maharashtra presented recently, the Finance Minister said that the state government is reserving an outlay of Rs. 20 crore for the year 201... Read more

  • Viewpoint: Circular Economy

    MEDC | 24 JUN,2019

      NITI Aayog CEO Amitabh Kant hit the nail on the head when he said recently that the circular economy has the potential to generate 14 million jobs in the next 5-7 year... Read more

  • Interim state budget presented

    MEDC | 24 JUN,2019

      The government of Maharashtra presented a progressive state budget focusing primarily on agriculture, irrigation and infrastructure. Given the agrarian nature of Mahar... Read more



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