Economics of Qatar Isolation

Coalition of Saudi Arabia, United Arab Emirates (UAE), Egypt and Bahrain cut off diplomatic and economic ties with Qatar the last week. The reason for such surprise step was Qatar’s funding to terrorism as alleged by the Saudi Arabia led coalition. According to one report, Qatar has directly provided $1 billion to Iran and Al-Qaeda…

Make Agriculture Great Again

Agriculture has always been a controversial sector in India. Every government tries to please farmers in their own ways. But the sector is haunted by a variety of problems. CHALLENGES There are different factors that affect agriculture [1]: Local and global environment Soil and crop-specific issues affecting yield of the crop Government policies like minimum…

India’s Big Data Strategy

‘Big data’ is the hottest topic in the world of technocrats, economists, statisticians and policy makers. The data are assimilated from various sources like financial institutions, government departments, companies, regulators, internet and various other data generators. The analysts structure the data, analyze the trends and information, predict the behavior and aid in decision-making. Indian government…

LOST IN IDENTITIES

Human being is a social animal dwelling and growing up in social networks. These networks provide different narratives, leading to the development of various norms, values and, ultimately, several identities and patterns of behaviour. Self identities and shared identities determine the level of tolerance and cooperation within the group. For example, if the state decides…

Say Ola! To New Approaches

Google has transformed our lives in numerous ways. Right from live cricket scores to election results and from stock markets to food recipes; google is used everywhere. It has become a verb for us. The very usage of a proper noun as a verb in the English language itself signals the penetration of internet in…

And They Lived Happily Thereafter

It is said that marriages are made in heaven. Marriage has a ‘partner effect’ i.e. a spouse influences the life of their significant other particularly in career and occupational status. But why marry? Why divorce? What economists say about this? Let’s get some insightful information.  Becker’s Marriage Model: Nobel Prize-winning economist Gary Becker first postulated…

Want to Earn! But Ready to Learn?

Welfare, politics, elections and economics are correlated in amusing ways. As election approaches, politics of welfare rises. Marketing tools are being used immensely by political parties to convey their messages. Ruling party leaves no stone unturned to portray their clean image, while opposition strives hard denigrating the former. In this fight, the list of false…

Budget 2017

Amidst high expectations, Union Budget 2017-18 tried giving something to everyone by promising growth and employment whilst maintaining fiscal prudence. This is a different analysis of the budget involving certain sectors which matter us for the future. The budget revolved around two themes viz. Formalization and Digitalization. If Narsimha Rao’s government is known for ‘liberalization’…

Rise and Rise of Technology

It all started in 8th or 9th grade when I first logged on Orkut. I used cyber cafe and home dial-up connection to browse internet. I still remember the turtle speed of dial up network and time required to load a page. My digital needs and general needs rose simultaneously as I was admitted to college….

Make Hay while you are in Line!

Sunday mornings are very special for everyone. It starts with laziness and happiness. Pace of every work slows down and we become insouciant for that day. But a Sunday of November 2016 was not so peaceful for an Indian. He was collecting old notes of Rs. 500 and Rs. 1000 to deposit in banks since…

DEMONETIZATION: TO BE OR NOT TO BE?

Photo Courtesy: Shruti Shirhatti ‘At the stroke of midnight on November 9, 2016, Prime Minister Narendra Modi made a strong decision to demonetize Rs. 500 and Rs. 1000 notes’ – the breaking news which caught all eyes and ears across the nation. It had different reactions from different people : Aam aadmi was seen happy…