Among modern economists, the person who completely revolutionized economic thinking and practice during the Great Depression of 1930s had been John Maynard Keynes whose unconventional ideas contained in his book, The General Theory of Employment, Interest and Money, brought new hopes of salvaging war-ravaged European economies.
In today’s world, next to the politicians, the most powerful men and women have been the group of people who call themselves ‘economists’.
The first generation of fiscal reforms in the states started with the enactment of Fiscal Responsibility and Budget Management Acts (FRBMA) between 2006 and 2010 at the prodding of the 12th Finance Commission.
Fiji Prime Minister Sitiveni Ligamamada Rabuka effusively praised Prime Minister Narendra Modi on Wednesday and called him the real "Boss" of the world.
The International Monetary Fund (IMF) retained its growth projection for India at 6.5 per cent for FY26 and FY27, holding that it is “in line with potential.”
The World Bank has issued a stern warning that Pakistan’s present economic model can no longer be successful in alleviating…
IMF lending always boosts investors' confidence, as strong reform preconditions the Fund imposes help a country's eco- nomic recovery.
Sitaraman pointed out various initiatives taken by the Govt of India for women's empowerment, enhancing their economic independence and their outcomes.
The International Monetary Fund on Tuesday hailed India as "one of the bright spots" in the global economy even as it trimmed its projected growth for 2023 by 0.2 percentage points, but only because, it acknowledged, it had previously underestimated the country's performance during the Covid-19 pandemic years of 2020-2021.
The World Bank has said that various economic shocks have resulted in nearly four million Pakistanis getting pushed into poverty this fiscal year.
