Robert E Lucas, an esteemed economist and Nobel laureate, made significant contributions to the field of macroeconomics. His work challenged the prevailing dominance of Keynesian economics and introduced...
The Central Statistics Office (CSO) proposes to replace the gross domestic product (GDP) series of 2011-12 base year with a new set of National Accounts using 2017-18 as...
The Central Statistics Office (CSO) introduced a new series of National Account Statistics in 2015. The important changes made in the new series included the change in base...
The United States has designated China a “currency manipulator”, following the devaluation of the Yuan. The move could escalate the tense trade relations between the two nations. The...
The United States Federal Reserve has announced a quarter-percentage-point cut in interest rates. This was the first-rate cut in 11 years- the first since the global financial crisis broke...
The Union Government has constituted an 18-member working group for the revision of the current series of Wholesale Price Index (WPI) under Chairmanship of Prof. Ramesh Chand, Member...
The Monetary Policy Committee (MPC) is the body of the RBI headed by its Governor. The body is responsible for taking the important monetary policy decisions for determining...
The Governor of RBI, D. Subbarao has mooted for a Producer Price Index (PPI) to measure the average change over time in the sale prices of domestic goods...
According to RBI Governor, Core inflation is a better indicator of future price trends because of its less volatility. As per him an analysis of longer series of...
As per the Global financial services firm Moody’s Analytics: Indian economy is going through stagflation, with slow growth and high inflation. RBI can’t be too aggressive in slashing...
