Modern Monetary Theory (MMT) has emerged as one of the most provocative and influential ideas in contemporary economics. Gaining prominence after the 2008 financial crisis and exploding into public debate during the COVID-19 pandemic, MMT challenges long-held assumptions about government budgets, debt, and the limits of spending. At its core, MMT reframes how sovereign governments…
New Delhi: There is no proposal of a complete loan waiver for farmers under consideration with the central government, Finance Minister Nirmala Sitharaman informed Parliament on Monday. However, she said, the government has taken several measures to strengthen the economic conditions of the farmers, including timely and adequate credit through Kisan Credit Card (KCC), wherein…
Mumbai: Benchmark indices Sensex and Nifty dropped sharply in early trade on Monday as the Middle East conflict entered its fourth week, driving crude oil prices higher. A massive bearish trend in global equity markets and relentless foreign fund outflows also made investors jittery. The 30-share BSE Sensex dived 1,555.62 points, or 2 per cent,…
Mumbai: The supply of Piped Natural Gas (PNG) to commercial establishments in Maharashtra has been increased by 20 per cent, state Food and Civil Supplies Minister Chhagan Bhujbal has said, offering relief to restaurants and eateries. The government has decided to ease PNG distribution to businesses, the minister said on Sunday. “From March 23, until…
New Delhi: The electricity rates in the city are likely to rise from April as the Delhi government is preparing for disbursal of pending dues of over Rs 38,000 crore to the three power discoms, officials said on Sunday. The government is, however, planning to subsidise the hike in power tariff to cushion the impact…
“Old habits die hard” is not just a cliché—it is a political warning. Andhra Pradesh Chief Minister N. Chandrababu Naidu seems determined to prove it right, yet again. A series of viral videos now circulating on social media has reignited an uncomfortable question: has the Telugu Desam Party (TDP), now an ally in the BJP-led…
Chennai: The LPG crisis-forced migration to firewood in Tamil Nadu’s hotel industry is going to soon lead to a rise in prices of food commodities, but what has taken the fizz out of the festival season is Biryani getting dear. Muslim faithfuls rue the fact that family gatherings have shrunken during the Ramzan season, thanks…
There is a number that explains almost everything happening in Indian markets right now. It is not the Sensex level, not the rupee exchange rate, and not the RBI’s repo rate. It is nominal GDP growth, and for the past three years, it has been running far too slowly. Foreign institutional investors have been selling…
Ahmedabad: There is sufficient supply of cooking gas in Gujarat and oil marketing companies have ensured home delivery of cylinders, the state government said on Friday amid the West Asia crisis. In a release, the BJP government in the state said technology-based arrangements have been made to ensure cylinders can be delivered conveniently to homes….
Mumbai: The rupee fell 19 paise to its record intra-day low of 93.08 against the US dollar in early trade on Friday as the greenback strengthened further and FII outflows continued unabated amid the ongoing West Asia conflict. Elevated global crude oil prices put further pressure on the local unit, while a positive opening at…
