The philosophy of the Blue Economy (BE) was first introduced by Prof. Gunter Pauli in 1994 at the United Nations University (UNU) to address the needs and challenges of sustainable growth amidst the multifarious threats posed by global warming.
Unfortunately, politics, law and economics are likely to converge to ensure that the brunt of the Adani bribery case befalls the Indian economy and consumers. To avoid that, public consciousness about corruption and cronyism needs to be raised.
Cracking down on NBFCs disbursing small loans on the grounds they are charging usurious rates only pushes borrowers towards informal markets where rates are higher. Instead of removing barriers towards the flow of credit to the bottom of the pyramid, there are hurdles placed in the name of systemic stability when this risk can be tackled through other means
India’s trade deficit is a result of income-sensitive key exports, weak global demand and an inefficient manufacturing ecosystem
To operate globally, in the interdependent, globalised world, Indian politics must reform, to relieve India Inc of the burden of financing Indian democracy off the books.
On October 16, Rajkot became the first city in the country to issue municipal bonds for the current financial year and only the 17th city in the country to raise money through bonds to fund eight water and sanitation projects.
The ruling BJP leadership attacked it as a Robin Hood idea of stealing from the rich to give to the poor. The idea makes sense given the rising inequality in India and its macroeconomic implications. Just before the elections, the government claimed that multidimensional poverty has declined drastically and that poverty has been almost eliminated. This needs analysis. For that some conceptual clarity is required.