Explained: What is a Free Rider Problem?
Who is a Free Rider? A free rider is a person who takes advantage of a public good without paying or expending effort for it. He contributes none towards the…
Ind-RA expects the GDP growth rate to be 6.7% in Q4, around 7% in FY24
India Ratings and Research sees India’s GDP growth rate for the March quarter to come at 6.7 percent and around 6.9-7 percent for the fiscal year 2023-24, said principal economist…
Aging Canada Bets On Opening Immigration Floodgates To Combat Labour Shortage: Population Grew By A Record 1 Mn In 2022, of Whom 96% Were Immigrants
2022 was a record year for Canada as it registered the highest annual population growth rate of 2.7 percent since 1957, where the jump seen was 3.3%. In 1957, the…
Foxconn refutes entering into a binding agreement on new India investment: Report
Taiwanese-headquartered tech giant Foxconn, on Saturday, denied entering into any binding, definitive agreements for new India investment notwithstanding the visit of its chairman to India, reported news agency AFP. “Foxconn…
Macroeconomic fundamentals of India’s economy help it to continue to be robust, says RBI Governor
Shaktikanta Das, governor of the RBI, stated on Friday that despite a hostile and uncertain international environment, India’s economy continues to remain resilient, drawing strength from its macroeconomic fundamentals. Das…
South Asians To Get Their Disneyland In Sri Lanka
A team from Disneyland will be visiting Sri Lanka in November to decide upon setting up South Asia’s first Disneyland in Hambantota. “Diana (State Tourism Minister) is walking the talk!…
Will India Be Largely Impacted By The Global Recession? SBI Chairman Answers
After the red flag raised by the International Monetary Fund and the World Bank on the looming likelihood of the global recession, State Bank of India Chairman Dinesh Khara said…
Understanding What Is A Goldilocks Economy
Goldilocks Economy: An Introduction A Goldilocks economy is a state of the economy- which is neither expanding nor contracting by a large margin. It shows an ideal or exemplary state…
South Korea’s GDP Surpasses Estimates In April-June Quarter
South Korea’s economy exceeded the second quarter’s estimates as relaxation in imposed restrictions to curb the infection rebooted consumption, also, increasing chances of interest rate hikes to rein zooming prices.…
Pakistan Introduces 10% Super Tax On 13 Large Scale Industries To Shore Up Sinking Economy
On Friday, Pakistan Prime Minister Shehbaz Sharif announced a 10 percent “super tax” on big-scale industries, including sugar, oil and gas, cement, steel, airlines, fertilizers, LNG terminals, textile, banking, automobile,…