Popular Articles

Soren to move confidence motion on January 7
JMM chief Shibu Soren was today sworn in as chief minister of Jharkhand for the third time at a ceremony which was skipped by top leaders of coalition partner BJP, and will take a floor test in the Assembly on January 7. generic levitra

payday loans online
Lagging behind in performance
Quant funds should be used only for portfolio diversification, and are suited for high net worth investors.

News of the day

V V: Keynes - The Master returns
Unlike the Chicago economists under Milton Friedman who argued that the unrestricted operation of private enterprise—seen as the most efficient form of economic organisation—was essential for economic development and that prices should be determined purely by market forces and inflation controlled by means of controlling money supply, Keynes, the most influential macroeconomist of the 20th century, had argued in his classic work, The General Theory of Employment, Interest and Money, that there is uncertainty in the world—uncertainty that cannot be reduced to statistical probabilities and has come to be described as “unknown unknowns.” This irreducible uncertainty, he said, lay behind panics and bouts and the instability of market economics that we see around us today. Robert Skidelsky, in his three-volume study of Keynes (1994), reminded us that the master had warned us against relying on econometric models of his own theories:
Corporate

Industrial growth signals recovery, says FM

Buoyed over 22-month high industrial growth of 10.4 per cent in August, Finance Minister Pranab Mukherjee today said it is a recovery process from the earlier slowdown caused by the global financial crisis and possibly there could be some higher growth projection. - August IIP rises 10.4% - IIPHG to introduce course in emergency mgmt - ITC, ORMAS tie-up soon for incense making - Not there yet - B-school chalks out DoP revamp - Ministry to take HITS, FM radio-III to Cabinet soon "It is a good sign and it is a recovery, process of recovery," Mukherjee told reporters here. "We are hoping that when the final figure of second quarter will be available, perhaps there will be some higher growth. If the higher growth projection is there, then in the third quarter, fourth quarter we can make up," he said. Industry production grew by 10.4 per cent in August against a mere 1.7 per cent in the same month a year ago, as manufacturing, mining and electricity sectors recorded double digit growth. The industrial upsurge may make up for likely decline in farm production, hit by weak monsoon. Finance Secretary Ashok Chawla said that there is a possibility of industrial production to move up. "We expect the trend to continue and expect better numbers in September," Chawla said.


Add your comment:
Name:
Site address: http://
Your message:
Enter today\\\\'s date, 2 digits
(spam protection):