Most Expensive Countries in the World: An Insight into Global Living Costs Introduction: Overview of the Most Expensive Countries The rising costs of living have become a global concern, with various countries witnessing dramatic increases in the price of everyday goods and services. The latest data reveals that some countries have emerged as the most…
Nobel Prize in Economics 2024: Awarded to Acemoglu, Johnson, and Robinson The 2024 Nobel Prize in Economics has been awarded to three distinguished economists: Daron Acemoglu, Simon Johnson, and James A. Robinson. Their groundbreaking work has significantly advanced our understanding of economic development and institutional quality, with a particular focus on how political and economic…
Bina Agarwal and James Boyce Awarded the First Global Inequality Research Award In a significant recognition of their pioneering work in the field of global inequality research, Bina Agarwal and James Boyce have been awarded the inaugural Global Inequality Research Award. This prestigious accolade highlights their exceptional contributions to understanding and addressing issues of economic…
Household Financial Savings and Liabilities in India: RBI’s Assessment The Reserve Bank of India (RBI) recently released its assessment report focusing on the financial savings and liabilities of households in India. This comprehensive study sheds light on the financial behavior of Indian households, crucial for aspirants preparing for various government exams like teachers, police officers,…
India Forecasted to Become the World’s Third-Largest Economy by 2032, Emerging as a Global Economic Leader by the Century’s End The global economic landscape is on the brink of a significant shift, and recent forecasts by the Centre for Economics and Business Research (CEBR) have projected a momentous trajectory for India. The country is poised…
Foreign Exchange Reserves Soar to 20-Month High, Reaching $616 Billion The nation’s foreign exchange reserves have hit a significant milestone, ascending to a staggering $616 billion, marking a peak not seen in 20 months. This surge is a testament to the robustness and stability of the country’s economic fundamentals, positioning it favorably amidst global economic…
Rural Retail Inflation Outpaces Urban Counterpart The disparity between rural and urban retail inflation has been a persistent trend, with rural areas consistently surpassing urban counterparts for 18 out of the last 22 months. This divergence, often influenced by various socioeconomic factors, showcases distinct price dynamics and consumption patterns. Rural India has been experiencing an…
Who is the Father of Economics? Economics, the study of how societies allocate their limited resources, is a field that has shaped our understanding of the world’s financial systems and policies. Over the years, various prominent figures have contributed significantly to the development of economic theories. In this article, we delve into the question of…
World Bamboo Day 2023 Bamboo has been an integral part of human civilization for centuries, serving as a versatile and sustainable resource. Every year, on the 18th of September, World Bamboo Day is celebrated to raise awareness about the incredible potential of this plant. In this article, we’ll explore why World Bamboo Day is important,…
The Richest Man in the World In the dynamic world of economics, fortunes rise and fall, but one name consistently tops the list as the richest man in the world. This news is significant for aspirants preparing for various government exams, including positions like teachers, police officers, banking, railways, defense, and civil services like IAS,…
