The worldwide political scenario had been simmering constantly for the past three years with the much hyped  nuclear deal between two strategic countries- United States of America and India. This historical pact will raise the nuclear technology to figure, among the top commercial commodities. It is the mass impact of this bilateral agreement which has aroused the interest...

When you take a taxi or rickshaw to commute to the railway station or to work these days, the first thing that you probably look to find in your wallet to pay the cabbie or rickshawala is some loose change. With effect from June 23, all rickshaw and taxi fares in the city have been increased. Now the minimum fare for rickshaws has increased by Rs. 2 i.e. from Rs. 9 to...

Inflation is the gravest economic concern which has gripped India into its jagged tentacles. Inflation can be defined as the rise in overall price level in the economy, i.e. rise in prices of all the goods and services. When prices rise, each rupee buys less goods and services than it had been before, consequently eroding the purchasing power of money. It is measured...

India is a land burgeoning with youth and life. It is the 11th largest economy in the world by nominal GDP (Gross Domestic Product) and 4th in terms of PPP (Purchasing Power Parity). India is also making very significant strides forward economically and is poised to become an economic superpower by 2020. While agriculture is still the predominant employer and economic...

At the start of our career, when we see money for the first time, a lot of us do not know what exactly to do with it. A number of us tend to become spendthrifts, while another set goes into the shell and then there are those who do not fit into either categories. It is always essential that we save up for the future, as no one can ever foresee what lies in store. In order...

Hike in auto-rickshaw fares in Delhi A recent hike in CNG prices has increased the auto-rickshaw and taxi fares by 40% in Delhi. The increased price of public transport is not much appreciated by Delhi citizens. Although bus fares have been spared for now, it won’t come as a shock if a month later even they start pinching the pockets of the common man. The basic fare...

As active members of society, we always tend to analyze economic problems and provide our own socio-political stance as a solution to the problem. In fact, we are always running around in circles – companies and corporates are desperately trying to perfect the numbers of the Gross Domestic Product (GDP) while we, as individuals, are constantly making efforts to grow...

The business world was upturned by the recent development in the Indian subcontinent. India’s two Billionaire brothers, Anil and Mukesh Ambani, finally ended up reconciling on 30th May 2010. Hoping that these steps will prove to eliminate the friction developed between the two in the long running feud, Reliance Industries Ltd (RIL) and Reliance Natural Resources Ltd....

Unemployment, according to me is when a person is well-qualified and ready to work but is unable to get a job in the market. I have also observed that people try to get rid of this being-unemployed-syndrome by taking up jobs just to get employed or either start doing a course that will supplement their already acquired talent in a hope to get a job. Still others go for...

I remember my grandfather vividly telling me how around four decades ago a landline was a luxury. Families had to wait years in line to get one connection. He also recounts how an STD call was connected by a middle man and the people had to wait for hours to be able to talk to each other. But today, the very landline which was a matter of pride for all its achievers and...