Economics

Economics News

Abhijit V Banerjee, Nobel Prize economist and now a cookbook writer, opens up on all things food and economy
Arts & Culture

Abhijit V Banerjee, Nobel Prize economist and now a cookbook writer, opens up on all things food and economy

"Until we were struck by the pandemic, we did not realise the magnitude of the problem we have when it comes to food security," says Abhijit V Banerjee.

Book Review | Retaining Balance: The Eternal Way shows economic policies need a human touch in India
India

Book Review | Retaining Balance: The Eternal Way shows economic policies need a human touch in India

Indian Constitution makers quoted constitutions from all over the world, but hardly introduced any elements of our own ancient Bharatiya wisdom.

China’s third-quarter growth slows to 4.9%, power shortage, slowdown in property sector add to woe
World

China’s third-quarter growth slows to 4.9%, power shortage, slowdown in property sector add to woe

Louis Kuijs of Oxford Economics said in a report that “ugly growth numbers” in coming months are likely to prompt Beijing to ease lending controls

Indian economy poised to achieve GDP growth of 10.25 percent in FY22, says PHDCCI
Business

Indian economy poised to achieve GDP growth of 10.25 percent in FY22, says PHDCCI

The National Statistical Office, the official agency of the government, on 31 August, had said the real GDP growth for the first quarter of 2021-22 was at 20.1 percent.

Why Nobel Prizes are often not noble, especially in Economics, Literature and Peace
India

Why Nobel Prizes are often not noble, especially in Economics, Literature and Peace

The Nobels in the physical sciences are fair to a great extent, because that is the very nature of science. But the Economics, Literature and Peace awards lists are rife with mistakes and missteps. It is astonishing that the Nobel Prize still enjoys the reputation it does

Nobel Prize in Economics 2021: David Card, Joshua Angrist and Guido Imbens win for work on 'natural experiments'
World

Nobel Prize in Economics 2021: David Card, Joshua Angrist and Guido Imbens win for work on 'natural experiments'

The Royal Swedish Academy of Sciences said the three have “completely reshaped empirical work in the economic sciences.”

Fighting hyperinflation woes, Venezuela introduces new currency with six fewer zeros
World

Fighting hyperinflation woes, Venezuela introduces new currency with six fewer zeros

This is the third time Venezuela's socialist leaders have lopped off zeros; the bolivar lost three zeros in 2008 while current President Nicolás Maduro, eliminated five zeros in 2018.

India must act on climate change to prevent $35 trillion loss, could gain $11 trillion: Deloitte report
India

India must act on climate change to prevent $35 trillion loss, could gain $11 trillion: Deloitte report

Over the next 50 years, the top five most impacted industries in terms of economic activity are expected to incur a significant share of climate-related loss.

Benefits of 'drastic' measures to address emissions, warming outweigh costs: economists
World

Benefits of 'drastic' measures to address emissions, warming outweigh costs: economists

The costs of failing to slash carbon pollution would rapidly balloon to reach trillions of dollars every year, as per a new study.

Human growth in recent decades came at 'devastating cost' to nature, planet's economic role: Review
World

Human growth in recent decades came at 'devastating cost' to nature, planet's economic role: Review

A sustainable future for people and the planet calls for a total decarbonisation of the global energy system, the review added.

Farm laws and the studied silence of India's original reforms team
India

Farm laws and the studied silence of India's original reforms team

The absence of bipartisan political thinking has resulted in many critical policy reforms remaining stuck

WATCH: Nobel Laureate Robert Wilson knocks on fellow recipient's door late at night to share news
World

WATCH: Nobel Laureate Robert Wilson knocks on fellow recipient's door late at night to share news

When the Nobel Committee was unable reach Paul Milgrom to announce the good news - he had won the Nobel Prize in economics - fellow winner Robert Wilson decided to take the matter into his own hands

Nobel Prize in Economics awarded to Paul Milgrom, Robert Wilson for contributions and innovation in auction theory
World

Nobel Prize in Economics awarded to Paul Milgrom, Robert Wilson for contributions and innovation in auction theory

The duo used the results of fundamental theories economics, in auction formats, which have spread globally.

Amartya Sen to be awarded the 2020 Peace Prize of the German Book Trade for his work on issues around global justice
Lifestyle

Amartya Sen to be awarded the 2020 Peace Prize of the German Book Trade for his work on issues around global justice

To be presented by the German Publishers and Booksellers Association, Börsenverein, the award will recognise Amartya Sen's contribution in addressing questions around social inequality in education and healthcare.

Days after Piyush Goyal's 'Left-leaning' remark, Narendra Modi meets Abhijit Banerjee, says economist's 'passion for human empowerment is visible'
India

Days after Piyush Goyal's 'Left-leaning' remark, Narendra Modi meets Abhijit Banerjee, says economist's 'passion for human empowerment is visible'

Prime Minister Narendra Modi met Nobel Laureate Abhijit Banerjee on Tuesday and said that the economist's 'passion' towards human empowerment was 'clearly visible'. Modi's meeting with Banerjee comes days after Union minister and BJP leader Piyush Goyal dubbed him 'Left-leaning'.

Rahul Gandhi dubs Piyush Goyal a 'bigot' for calling Nobel laureate Abhijit Banerjee 'totally Left-leaning', says 'can't explain it to them'
Politics

Rahul Gandhi dubs Piyush Goyal a 'bigot' for calling Nobel laureate Abhijit Banerjee 'totally Left-leaning', says 'can't explain it to them'

Rahul Gandhi dubbed Piyush Goyal a 'bigot' in a tweet on Sunday. Sharing an interview of Nobel winner Abhijit Banerjee, where the economist is reacting to Minister of Railways and Commerce and Industry Goyal's recent comments on Banerjee being 'totally Left-leaning', Rahul said, 'Please be certain that millions of Indians are proud of your work.'

PK Mishra takes charge as principal secretary, replaces Narendra Modi’s top bureaucratic aide Nripendra Misra
India

PK Mishra takes charge as principal secretary, replaces Narendra Modi’s top bureaucratic aide Nripendra Misra

Former additional principal secretary to Prime Minister, PK Mishra was on Wednesday appointed as the principal secretary to Narendra Modi

DU 8th cut off list 2019: Eighth list of selected candidates out on du.ac.in for UG courses in Economics, English, History, Pol Science, Hindi and BCom
India

DU 8th cut off list 2019: Eighth list of selected candidates out on du.ac.in for UG courses in Economics, English, History, Pol Science, Hindi and BCom

At Hindu College, BA (Honours) Economics is available at a cut-off of 97.62 percent, while at Daulat Ram College, same course is available at a cut-off of 95.75 percent

IMF's $6 bn loan to Pakistan may end up supporting its terror infrastructure instead of salvaging its sinking economy
Business

IMF's $6 bn loan to Pakistan may end up supporting its terror infrastructure instead of salvaging its sinking economy

IMF loan has been given to Pakistan for improving the management of public enterprises, strengthening institutions, combating financing of terrorism efforts, among other things

Read an excerpt from 'What the Economy Needs Now': Raghuram Rajan's thoughts on banking reforms
Analysis

Read an excerpt from 'What the Economy Needs Now': Raghuram Rajan's thoughts on banking reforms

What the Economy Needs Now is a collection of essays by Indian economists, each tackling an issue facing the country, and providing suggestions for economic growth.