Global indebtedness hit a high of $164 trillion in 2016, limiting
governments' ability to provide support during economic downturns. The
International Monetary Fund's Fiscal Monitor report red-flags this and
other worrying signals.
Finance ministry officials are feeling the heat and not just because of
the summer. India imported 18.7 million tonne (MT) of crude oil in March
at an average price of $63.8 per barrel while it was $63.54 per barrel
Although the recent currency shortage and ATMs running dry, especially
in Andhra Pradesh, Telangana, Karnataka, Bihar and Madhya Pradesh, have
created a furore, the Reserve Bank of India (RBI) has assured there is
Artificial intelligence (AI) is disrupting life and work, prompting
governments and policymakers to take note of its potential and formulate
ways to harness its power for greater common good. Last August, the
Centre set up a task force to explore the possibilities of using AI for
India's economic transformation.
Commerce and Industry Minister Suresh Prabhu talks to Anilesh S. Mahajan
about the strategy to make exports a big part of the plan to make India
a $5 trillion economy and how India is resetting trade ties with China
and other big powers.
Inthree, StoreKing, eHaat and RubanBridge. They are not household names
like Amazon, Flipkart, Snapdeal or ShopClues, say. But these are
e-commerce companies nonetheless, which are trying to build significant
businesses by tapping rural demand in India.