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Education economics scholar who won the Nobel</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="XoD0P3ih0EoA" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="opoyicentral" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="opoyicentral" src="https://opoyi.com/images/opoyi_6k77dlSYd.jpg" srcSet="https://opoyi.com/images/opoyi_6k77dlSYd.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-4 jSQBIK">opoyicentral<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. 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Canadian labour economist who won the Nobel</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="UmQE9by412We" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="opoyicentral" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="opoyicentral" src="https://opoyi.com/images/opoyi_6k77dlSYd.jpg" srcSet="https://opoyi.com/images/opoyi_6k77dlSYd.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-4 jSQBIK">opoyicentral<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. 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Here is an Economics Sample Paper for you</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="B8A1tsiBTCIC" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="rehaank" href="/authors/rehaank/" class="sc-w2b75e-1 eysuLC"><div class="sc-776eic-0 ijfQtA" title="rehaank">r</div></a><div class="sc-w2b75e-3 kWoONs"><a title="rehaank" href="/authors/rehaank/" class="sc-w2b75e-4 jSQBIK">rehaank<span style="margin-left:5px" title="Green: Opoyi Artificial Intelligence has verified the post and based on that the content piece can safely be consumed." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2020-12-30T11:31:02+05:30" class="">1 year ago</time><small>. <!-- -->Lucknow, Uttar Pradesh, India</small></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/india/which-of-the-following-measurements-indicate-how-national-income-is-distributed-215256/">Which of the following measurements indicate how national income is distributed? </a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="ag3O5qLUjKwr" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="rehaank" href="/authors/rehaank/" class="sc-w2b75e-1 eysuLC"><div class="sc-776eic-0 ijfQtA" title="rehaank">r</div></a><div class="sc-w2b75e-3 kWoONs"><a title="rehaank" href="/authors/rehaank/" class="sc-w2b75e-4 jSQBIK">rehaank<span style="margin-left:5px" title="Green: Opoyi Artificial Intelligence has verified the post and based on that the content piece can safely be consumed." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2020-12-30T11:18:11+05:30" class="">1 year ago</time><small>. <!-- -->Lucknow, Uttar Pradesh, India</small></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/india/the-term-macro-was-first-used-in-economics-by-200713/">The term macro was first used in economics by? </a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="mGCoiKaLcdnS" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="opoyicentral" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="opoyicentral" src="https://opoyi.com/images/opoyi_6k77dlSYd.jpg" srcSet="https://opoyi.com/images/opoyi_6k77dlSYd.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="opoyicentral" href="/channels/opoyicentral/" class="sc-w2b75e-4 jSQBIK">opoyicentral<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green Verified: The post has been fact-checked by Opoyi Editors and it has the highest trust value. You can safely consume the content piece." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path><path d="M14.757,14.236l-3.01,2.551-.982-1.2a.99.99,0,0,0-1.427-.114,1.017,1.017,0,0,0-.109,1.4l1.622,1.979a.99.99,0,0,0,1.409.129l3.778-3.2a1.016,1.016,0,0,0,.142-1.4A.99.99,0,0,0,14.757,14.236Z" transform="translate(-7.404 -10.61)" fill="#fff"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2020-12-28T23:15:00+05:30" class="">1 year ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/usa/positive-developments-negotiations-means-eus-thumbs-up-to-chinese-investments-424825/">Positive developments, negotiations means EU's thumbs up to Chinese investments</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="CY4NQZVMe4jx" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="AakarshaHanda" href="/authors/AakarshaHanda/" class="sc-w2b75e-1 eysuLC"><div class="sc-776eic-0 bDkbib" title="AakarshaHanda">A</div></a><div class="sc-w2b75e-3 kWoONs"><a title="AakarshaHanda" href="/authors/AakarshaHanda/" class="sc-w2b75e-4 jSQBIK">AakarshaHanda<span style="margin-left:5px" title="Green: Opoyi Artificial Intelligence has verified the post and based on that the content piece can safely be consumed." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><span class="sc-w2b75e-7 wgEGV">Updated</span><span class="sc-w2b75e-8 fdujVE">.</span><time width="160" height="20" dateTime="2020-12-25T11:07:09+05:30" class="">1 year ago</time></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/world/who-gave-the-general-equilibrium-theory-249139/">Who gave the General Equilibrium Theory? </a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="z35ianNO2X8H" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="OpoyiBuzz" href="/channels/OpoyiBuzz/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="OpoyiBuzz" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="OpoyiBuzz" src="https://opoyi.com/images/opoyi_Xzp4oUynR.jpg" srcSet="https://opoyi.com/images/opoyi_Xzp4oUynR.jpg?tr=w-70,q-70,dpr-auto 70w" sizes="70vw"/></noscript></div></a><div class="sc-w2b75e-3 kWoONs"><a title="OpoyiBuzz" href="/channels/OpoyiBuzz/" class="sc-w2b75e-4 jSQBIK">OpoyiBuzz<svg xmlns="http://www.w3.org/2000/svg" width="16" height="16" viewBox="0 0 12 12"><path fill="#03A9F4" d="M6 11.4L4.829 11.885 3.934 10.989 2.667 10.989 2.182 9.818 1.011 9.333 1.011 8.066 0.115 7.171 0.6 6 0.115 4.829 1.011 3.934 1.011 2.667 2.182 2.182 2.667 1.011 3.934 1.011 4.829 0.115 6 0.6 7.171 0.115 8.066 1.011 9.333 1.011 9.818 2.182 10.989 2.667 10.989 3.934 11.885 4.829 11.4 6 11.885 7.171 10.989 8.066 10.989 9.333 9.818 9.818 9.333 10.989 8.066 10.989 7.171 11.885z"></path><path fill="#FFF" d="M8.207 4.115c.209-.178.518-.145.687.072.165.213.134.524-.07.698l-3.52 3c-.205.175-.508.147-.679-.063L3.114 5.968c-.17-.21-.147-.521.053-.7.205-.183.515-.157.688.056l1.203 1.475 3.149-2.684z" fill-rule="nonzero"></path></svg><span style="margin-left:5px" title="Green: Opoyi Artificial Intelligence has verified the post and based on that the content piece can safely be consumed." class="sc-1vv9qcg-0 beGScU"><svg xmlns="http://www.w3.org/2000/svg" width="14" height="16" viewBox="0 0 11 12"><g fill="#00C953"><path fill-rule="evenodd" clip-rule="evenodd" d="M0.132046 0.706548C0.0505465 0.746052 0 0.82155 0 0.903694V5.76155C0.00298169 8.34439 1.73548 10.681 4.41473 11.7158L5.10449 11.9813C5.16895 12.0061 5.24236 12.0063 5.30696 11.9815L6.08418 11.6851C8.81313 10.6728 10.5885 8.31354 10.5888 5.69922V0.903694C10.5888 0.820672 10.537 0.744296 10.454 0.705294C10.454 0.705294 7.02231 -0.000208426 5.30644 4.61929e-08C3.58164 0.000209604 0.132046 0.706548 0.132046 0.706548Z" fill="#00C953"></path></g></svg></span></a><p class="sc-w2b75e-2 dNqMWl"><time width="160" height="20" dateTime="2020-12-16T10:37:12+05:30" class="">1 year ago</time><small>. <!-- -->Patna, Bihar, India</small></p></div><div class="sc-w2b75e-5 THKqz"><button class="dots" title="More Options" aria-label="More Options"><svg width="4" height="15" fill="none" xmlns="http://www.w3.org/2000/svg"><path fill-rule="evenodd" clip-rule="evenodd" d="M1.504 12a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm0-6a1.5 1.5 0 110 3 1.5 1.5 0 010-3zm1.5-4.5a1.5 1.5 0 10-3 0 1.5 1.5 0 003 0z"></path></svg></button></div></header><h3 class="sc-sl5gio-5 fIqEnb"><a href="/business/what-is-per-capita-income-661997/">What is per capita income?</a></h3><div class="sc-sl5gio-11 jkpcry"><button aria-label="Open Post" data-testid="expandButton"><svg width="72" height="24" fill="none" xmlns="http://www.w3.org/2000/svg"><rect opacity=".75" width="72" height="24" rx="8" class="rect"></rect><path fill-rule="evenodd" clip-rule="evenodd" d="M18 9.268c0-.61.613-1.03 1.182-.808L36 15l16.818-6.54a.867.867 0 0 1 .635 1.614L36 17l-17.453-6.926A.867.867 0 0 1 18 9.268Z" fill="#42A5F5"></path></svg></button></div></div><div id="nqaN7CHpQrgv" data-check="" class="sc-sl5gio-0 gBFYim"><header class="sc-w2b75e-0 jqMnve"><a title="pallakbareja" href="/authors/pallakbareja/" class="sc-w2b75e-1 eysuLC"><div style="position:relative;display:block;overflow:hidden"><div class="ar-1-1"></div><img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" alt="pallakbareja" style="position:absolute;top:0;left:0;bottom:0;right:0;inset:0px;box-sizing:border-box;padding:0px;border:none;margin:auto;display:block;height:0px;width:0px;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover" sizes="70vw"/><noscript><img alt="pallakbareja" src="https://opoyi.com/images/opoyi_UaL7rccUz.jpg" 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(Photo Credit: Associated Press)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-07-08T16:53:27+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eShinzo Abe was shot from behind in the city of Nara, Japan\u003c/li\u003e\n \u003cli\u003eHe was highly popular for his “Abenomics” policies\u003c/li\u003e\n \u003cli\u003eAbenomics is the nickname for the economic policies set out for Japan in 2012\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1657279407912,\\\"strCount\\\":5732,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/world/who-is-shinzo-abe-696461/\\\\\\\"\u003eShinzo Abe\u003c/a\u003e, the former Prime Minister of \u003ca href=\\\\\\\"https://opoyi.com/world/japans-gun-laws-in-focus-after-former-pm-shinzo-abe-shot-696509/\\\\\\\"\u003eJapan\u003c/a\u003e, has died\\\\nafter being shot earlier in the day, according to news agency NHK. Abe, 67, was\\\\nshot from behind minutes after he started his speech Friday in Nara in western\\\\nJapan. He was rushed to the hospital for emergency treatment but was not\\\\nbreathing and was in cardiopulmonary arrest.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Shinzo Abe was highly popular for his “Abenomics” policies\\\\nto lift the Japanese \u003ca href=\\\\\\\"https://opoyi.com/topics/economy/\\\\\\\"\u003eeconomy\u003c/a\u003e out of deflation. The two arrows of Abenomics –\\\\nstructural reform and plans for fiscal consolidation – were considered\\\\nintrinsic elements to achieve the \u003ca href=\\\\\\\"https://opoyi.com/world/71-million-people-pushed-to-poverty-due-to-inflation-after-russia-ukraine-war-un-695661/\\\\\\\"\u003einflation\u003c/a\u003e target and higher sustained growth\\\\nin Japan.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/shinzo-abe-shooting-what-we-know-so-far-about-ex-japan-pms-condition-696568/\\\\\\\"\u003eShinzo Abe shooting: What we know so far\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eWhat is Abenomics?\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Abenomics is the nickname for the economic policies set out\\\\nfor Japan in 2012 when prime minister Shinzo Abe came into power for a second\\\\ntime. Soon after resuming office, he launched his Abenomics plan to bolster\\\\nJapan’s stagnant economy. In a speech following his election, Abe announced\\\\nthat he and his cabinet would \\\\\\\"implement bold \u003ca href=\\\\\\\"https://opoyi.com/topics/monetarypolicy/\\\\\\\"\u003emonetary policy\u003c/a\u003e, flexible\\\\nfiscal policy and a growth strategy that encourages private investment, and\\\\nwith these three pillars, achieve results.\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/shinzo-abes-shooting-celebrated-by-chinese-nationalists-in-china-report-696681/\\\\\\\"\u003eShinzo Abe's shooting 'celebrated' by Chinese nationalists in China: Report\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eUnderstanding Abenomics\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In Japan, the 1990s is known as the lost decade because it\\\\nwas a period when Japan was facing an overwhelming stagnation economically. This\\\\nled to enormous budget deficits on the part of the Japanese government. Several\\\\ntechniques have been deployed to lift the economy out of its unsavory economic\\\\nsituation by governments and economists during that period. For instance, in 1998,\\\\nPaul Krugman, an economist suggested that cutting long-term interest rates and\\\\nincreasing spending could help achieve inflation expectations in the nation. A\\\\nmethod of quantitative easing was also adopted towards the beginning of 2005\\\\nbut this did not in any way put an end to deflation. There were several other\\\\nattempts to revive the economy between 2006 and 2009.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/shinzo-abe-shooting-a-look-at-the-political-journey-of-former-japan-pm-696541/\\\\\\\"\u003eShinzo Abe shooting: A look at the political journey of former Japan PM\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eThree Arrows\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Abe’s program consisted of “three” arrows. The first was\\\\nprinting additional currency between 60 trillion yen to 70 trillion yen, to\\\\nmake Japanese exports more attractive and to attain inflation target of 2%. The second arrow was launching new government spending programs to\\\\nstimulate demand and consumption, boost short-term growth, and achieve a budget\\\\nsurplus over the long term.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/shinzo-abe-death-why-tetsuya-yamagami-a-navy-veteran-shot-former-japanese-pm-696672/\\\\\\\"\u003eShinzo Abe death: Why Tetsuya Yamagami, a navy veteran, shot former Japanese PM\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The third element of Abenomics suggested a reform of\\\\nvarious regulations to make Japanese industries more competitive and to\\\\nencourage investment in and from the private sector. This included various\\\\ncorporate governance reforms, easing of restrictions on hiring foreign staff in\\\\nspecial economic zones, making it easier for companies to fire ineffective\\\\nworkers, liberalization of the health sector, and introducing measures to\\\\nsupport domestic and foreign entrepreneurs. The proposed legislation also aimed\\\\nto modernize the agricultural sector and restructure the utility and\\\\npharmaceutical industries. One of the most important reforms was the\\\\nTrans-Pacific Partnership (TPP), which was described by economist Yoshizaki\\\\nTatsuhiko as potentially the \\\\\\\"linchpin of Abe's economic revitalization\\\\nstrategy,\\\\\\\" by making Japan more competitive through free trade.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/shinzo-abe-shot-health-history-of-the-former-japanese-prime-minister-696473/\\\\\\\"\u003eA look at former Japan PM Shinzo Abe's health history\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAbenomics helped to boost Japan`s economy\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Like all Japanese economic policies since the bubble burst,\\\\nAbenomics has worked well at times and stalled at others. Inflation targets\\\\nhave been met. Japan’s unemployment rate\\\\nis over 2% lower than when Abe came to power for the second time. Likewise,\\\\nnominal GDP has increased and corporate pre-tax profit and tax revenues have\\\\nboth seen significant rises. However, Japan’s period of success has been\\\\nstalled at many times by global economic forces and the country’s most significant\\\\nproblem – a rapidly aging population – has increasingly taken the forefront.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/who-is-tetsuya-yamagami-696491/\\\\\\\"\u003eWho is Tetsuya Yamagami, suspected man who shot former Japan PM Shinzo Abe\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eCriticism of Abenomics\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to some critics of Abenomics including the\\\\nopposition party, the policy upheld by the ruling Liberal Democratic Party (LDP) widened the country’s\\\\nwealth gap as the policy only promoted corporate earnings and share prices but\\\\nfailed to achieve higher wages. Critics argue that the economic reforms have done\\\\nlittle to boost the inflation and the national debt is still at a high of one\\\\nquadrillion yen. \\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Devanshu Singla","photo":"","username":"devanshusingla","id":"aJeiSJdpGmAb","role":null},"topics":[{"name":"ShinzoAbe","slug":"shinzoabe","id":"xTfGNHEQSLye","isSection":0},{"name":"Japan","slug":"japan","id":"anJhzDRc6xxB","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","isSection":0},{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0},{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-07-08T16:11:14+05:30","publisher":0,"sourceFeed":null,"cleanText":"Shinzo Abe, the former Prime Minister of Japan, has died after being shot earlier in the day, according to news agency NHK. Abe, 67, was shot from behind minutes after he started his speech Friday in Nara in western Japan. He was rushed to the hospital for emergency treatment but was not breathing and was in cardiopulmonary arrest. Shinzo Abe was highly popular for his “Abenomics” policies to lift the Japanese economy out of deflation. The two arrows of Abenomics – structural reform and plans for fiscal consolidation – were considered intrinsic elements to achieve the inflation target and higher sustained growth in Japan. Also Read | Shinzo Abe shooting: What we know so far,What is Abenomics?,Abenomics is the nickname for the economic policies set out for Japan in 2012 when prime minister Shinzo Abe came into power for a second time. Soon after resuming office, he launched his Abenomics plan to bolster Japan’s stagnant economy. In a speech following his election, Abe announced that he and his cabinet would implement bold monetary policy, flexible fiscal policy and a growth strategy that encourages private investment, and with these three pillars, achieve results. Also Read | Shinzo Abe's shooting 'celebrated' by Chinese nationalists in China: Report,Understanding Abenomics,In Japan, the 1990s is known as the lost decade because it was a period when Japan was facing an overwhelming stagnation economically. This led to enormous budget deficits on the part of the Japanese government. Several techniques have been deployed to lift the economy out of its unsavory economic situation by governments and economists during that period. For instance, in 1998, Paul Krugman, an economist suggested that cutting long-term interest rates and increasing spending could help achieve inflation expectations in the nation. A method of quantitative easing was also adopted towards the beginning of 2005 but this did not in any way put an end to deflation. There were several other attempts to revive the economy between 2006 and 2009. Also Read | Shinzo Abe shooting: A look at the political journey of former Japan PM,Three Arrows,Abe’s program consisted of “three” arrows. The first was printing additional currency between 60 trillion yen to 70 trillion yen, to make Japanese exports more attractive and to attain inflation target of 2%. The second arrow was launching new government spending programs to stimulate demand and consumption, boost short-term growth, and achieve a budget surplus over the long term. Also Read | Shinzo Abe death: Why Tetsuya Yamagami, a navy veteran, shot former Japanese PM,The third element of Abenomics suggested a reform of various regulations to make Japanese industries more competitive and to encourage investment in and from the private sector. This included various corporate governance reforms, easing of restrictions on hiring foreign staff in special economic zones, making it easier for companies to fire ineffective workers, liberalization of the health sector, and introducing measures to support domestic and foreign entrepreneurs. The proposed legislation also aimed to modernize the agricultural sector and restructure the utility and pharmaceutical industries. One of the most important reforms was the Trans-Pacific Partnership (TPP), which was described by economist Yoshizaki Tatsuhiko as potentially the linchpin of Abe's economic revitalization strategy, by making Japan more competitive through free trade. Also Read | A look at former Japan PM Shinzo Abe's health history,Abenomics helped to boost Japan`s economy,Like all Japanese economic policies since the bubble burst, Abenomics has worked well at times and stalled at others. Inflation targets have been met. Japan’s unemployment rate is over 2% lower than when Abe came to power for the second time. Likewise, nominal GDP has increased and corporate pre-tax profit and tax revenues have both seen significant rises. However, Japan’s period of success has been stalled at many times by global economic forces and the country’s most significant problem – a rapidly aging population – has increasingly taken the forefront. Also Read | Who is Tetsuya Yamagami, suspected man who shot former Japan PM Shinzo Abe,Criticism of Abenomics,According to some critics of Abenomics including the opposition party, the policy upheld by the ruling Liberal Democratic Party (LDP) widened the country’s wealth gap as the policy only promoted corporate earnings and share prices but failed to achieve higher wages. Critics argue that the economic reforms have done little to boost the inflation and the national debt is still at a high of one quadrillion yen.","portalUser":{"id":"MK3GmgLG7wo1","name":"Opoyi Business","username":"OpoyiBusiness","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_D6026Kum9dg.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"Shinzo Abe,Japan,Japanese,Abe,NHK,Nara,Abenomics,Paul Krugman,the Trans-Pacific Partnership,Yoshizaki Tatsuhiko,LDP,What is Abenomics, Abenomics criticism, Abenomics three arrows, Abenomics explained,Japanese Economy, Shinzo Abe Abenomics, Japanese yen, S","originalPublishedOn":"2022-07-08T16:11:14+05:30"}},{"node":{"id":"KviJbzMvr2oi","slug":"english/sri-lankan-university-students-mob-pm-mahinda-rajapaksas-home-over-economic-crisis","slugV2":"world/sri-lankan-university-students-mob-pm-mahinda-rajapaksas-home-over-economic-crisis-396891/","title":"Sri Lankan university students mob PM Mahinda Rajapaksa's home over economic crisis","postType":1,"coverMedia":"https://images.opoyi.net/opoyi_ek-rUp5oh.jpg","coverCaption":"Sri Lankans hold up their mobile phone torches during a vigil condemning police shooting at protesters. (Photo Credit: PTI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-04-25T01:15:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eLengthy blackouts, record inflation and acute food and fuel shortages have sparked increasing public discontent in Sri Lanka\u003c/li\u003e\n \u003cli\u003eSome carried signs that said \"Go Home Gota\" while others wore the Guy Fawkes mask\u003c/li\u003e\n \u003cli\u003eNationwide demonstrations have seen crowds attempt to storm the homes and offices of government figures\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1650828159350,\\\"strCount\\\":3436,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Thousands of Sri Lankan university students on Sunday mobbed Prime Minister Mahinda Rajapaksa's home demanding his resignation over the island nation's worsening economic crisis.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Months of lengthy blackouts, record inflation and acute food and fuel shortages have sparked increasing public discontent in Sri Lanka, which is dealing with its worst economic downturn since independence in 1948.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/sri-lanka-to-receive-at-least-300-million-from-world-bank-amid-economic-crisis-184243/\\\\\\\"\u003eSri Lanka to get at least $300m from World Bank amid economic crisis\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In today's protest, student leaders were seen scaling the fence of Rajapaksa's compound in \u003ca href=\\\\\\\"https://opoyi.com/topics/colombo/\\\\\\\"\u003eColombo\u003c/a\u003e after police erected barricades on various roads around the capital to stop them from linking up with demonstrators elsewhere.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"You can block the road, but can't stop our struggle until the entire government goes home,\\\\\\\" AFP reported as one unidentified student leader saying while standing on top of the walls.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/18-sri-lankan-nationals-flee-crisis-hit-island-nation-reach-tamil-nadu-449625/\\\\\\\"\u003e18 Sri Lankan nationals flee crisis-hit island nation, reach Tamil Nadu\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Facing off against rows of police holding riot shields, protesters tried to pull down the barricades preventing them from entering the residence.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Some carried signs that said \\\\\\\"Go Home Gota\\\\\\\" while others wore the Guy Fawkes mask that have become synonymous with anti-establishment movements.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/rights-group-demands-probe-into-sri-lanka-police-shooting-464395/\\\\\\\"\u003eRights group demands probe into Sri Lanka police shooting\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Police said Mahinda Rajapaksa, the head of Sri Lanka's ruling clan, was not on the premises at the time and the crowd left peacefully.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"More than two weeks, several protesters have been camped daily outside the seafront office of President Gotabaya Rajapaksa, demanding for him and his brother to step down.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/myanmar-military-government-denies-rumours-of-fuel-shortages-118501/\\\\\\\"\u003eMyanmar military government denies rumours of fuel shortages\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Nationwide demonstrations have seen crowds attempt to storm the homes and offices of government figures.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Recently, a man was shot dead when police fired on a road blockade in the central town of Rambukkana. This incident was reported as the first fatality since protests last month.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/protester-shot-dead-by-sri-lankan-police-first-death-since-start-of-massive-protests-361924/\\\\\\\"\u003eProtester shot dead by Sri Lankan police, first death since start of massive protests\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Sri Lanka's economic collapse began to be felt after the coronavirus pandemic torpedoed vital revenue from tourism and remittances.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The country is unable to finance essential imports, which has left rice, milk powder, sugar, wheat flour, and pharmaceuticals in short supply, while runaway inflation has worsened hardships.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/sri-lankan-pm-mahinda-rajapaksa-says-presidents-powers-will-be-reduced-649370/\\\\\\\"\u003eSri Lankan PM Mahinda Rajapaksa says president's powers will be reduced\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Utilities unable to pay for fuel have imposed long daily blackouts to ration power, while long lines snake around service stations each morning as people queue for scant supplies of petrol and kerosene.\\\"}}]}","relatedPosts":null,"location":{"name":"Colombo, Sri Lanka"},"createdBy":{"name":"Ajay Joseph","photo":null,"username":"ajay4396","id":"LFYsY6JozEMx","role":null},"topics":[{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1},{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0},{"name":"Crisis","slug":"crisis","id":"vlLpo12hBrM2","isSection":0},{"name":"SriLanka","slug":"srilanka","id":"mjdE0zWttiL5","isSection":0},{"name":"Protests","slug":"protests","id":"tJtLQ1gYwKFL","isSection":0},{"name":"Colombo","slug":"colombo","id":"4bevH8u07YVw","isSection":0},{"name":"WorldBank","slug":"worldbank","id":"95olQYvbAZlf","isSection":0},{"name":"MahindaRajapaksa","slug":"mahindarajapaksa","id":"qsv5bmC9ABBv","isSection":0},{"name":"Myanmar","slug":"myanmar","id":"x75izjbvBGw1","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Ajay Joseph","id":"LFYsY6JozEMx","username":"ajay4396","role":1,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-04-25T01:15:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"Thousands of Sri Lankan university students on Sunday mobbed Prime Minister Mahinda Rajapaksa's home demanding his resignation over the island nation's worsening economic crisis. Months of lengthy blackouts, record inflation and acute food and fuel shortages have sparked increasing public discontent in Sri Lanka, which is dealing with its worst economic downturn since independence in 1948. Also read: Sri Lanka to get at least $300m from World Bank amid economic crisis,In today's protest, student leaders were seen scaling the fence of Rajapaksa's compound in Colombo after police erected barricades on various roads around the capital to stop them from linking up with demonstrators elsewhere. You can block the road, but can't stop our struggle until the entire government goes home, AFP reported as one unidentified student leader saying while standing on top of the walls. Also read: 18 Sri Lankan nationals flee crisis-hit island nation, reach Tamil Nadu,Facing off against rows of police holding riot shields, protesters tried to pull down the barricades preventing them from entering the residence. Some carried signs that said Go Home Gota while others wore the Guy Fawkes mask that have become synonymous with anti-establishment movements. Also read: Rights group demands probe into Sri Lanka police shooting,Police said Mahinda Rajapaksa, the head of Sri Lanka's ruling clan, was not on the premises at the time and the crowd left peacefully. More than two weeks, several protesters have been camped daily outside the seafront office of President Gotabaya Rajapaksa, demanding for him and his brother to step down. Also read: Myanmar military government denies rumours of fuel shortages,Nationwide demonstrations have seen crowds attempt to storm the homes and offices of government figures. Recently, a man was shot dead when police fired on a road blockade in the central town of Rambukkana. This incident was reported as the first fatality since protests last month. Also read: Protester shot dead by Sri Lankan police, first death since start of massive protests,Sri Lanka's economic collapse began to be felt after the coronavirus pandemic torpedoed vital revenue from tourism and remittances. The country is unable to finance essential imports, which has left rice, milk powder, sugar, wheat flour, and pharmaceuticals in short supply, while runaway inflation has worsened hardships. Also read: Sri Lankan PM Mahinda Rajapaksa says president's powers will be reduced,Utilities unable to pay for fuel have imposed long daily blackouts to ration power, while long lines snake around service stations each morning as people queue for scant supplies of petrol and kerosene.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"6.9271","longitude":"79.8612","name":"Colombo, Sri Lanka","city":"Colombo"},"keywords":"Sri Lanka,Mahinda Rajapaksa,Sri Lanka's,Sri Lankan university,Mahinda Rajapaksa's,World Bank,Colombo,Tamil Nadu Facing,Go Home Gota,Guy Fawkes,Gotabaya Rajapaksa,Myanmar,Rambukkana,Protester,Sri Lankan","originalPublishedOn":"2022-04-24T21:45:00+05:30"}},{"node":{"id":"zMLRtZtXCchy","slug":"english/sri-lanka-revokes-emergency-with-president-gotabaya-rajapaksa-facing-calls-to-quit","slugV2":"world/sri-lanka-revokes-emergency-with-president-gotabaya-rajapaksa-facing-calls-to-quit-671617/","title":"Sri Lanka revokes emergency with President Gotabaya Rajapaksa facing calls to quit","postType":1,"coverMedia":"https://images.opoyi.net/opoyi_H4ZxQF1IBnaj.jpg","coverCaption":"Supporters of Sri Lanka's main opposition wearing masks of President Gotabaya Rajapaksa march during a protest outside the president's office in Colombo, Sri Lanka. (Photo Credit: PTI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-04-06T07:15:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eGlobal asset managers including Fidelity Investments and T. Rowe Price Group are staring down the risk of default\u003c/li\u003e\n \u003cli\u003eThe IMF is monitoring political and economic developments in Sri Lanka \"very closely\"\u003c/li\u003e\n \u003cli\u003e11 parties within the ruling coalition said in Parliament that they would function as independent lawmakers\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1649208737354,\\\"strCount\\\":2985,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Sri Lanka President Gotabaya Rajapaksa on Tuesday night revoked emergency rule within days of imposing it as the escalating political crisis makes it tougher for the island nation to agree a much-needed financial bailout from the International Monetary Fund (IMF).\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"It is reported that the proclamation that took effect from April 1 is repealed as of midnight April 5, Rajapaksa said in an extraordinary gazette late on Tuesday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/sri-lankan-crisis-gotabaya-rajapaksas-government-loses-majority-in-parliament-152744/\\\\\\\"\u003eSri Lankan crisis: Gotabaya Rajapaksa's government loses majority in Parliament\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Imposing Emergency had given Rajapaksa sweeping powers to detain protesters and seize property, but he also faced mounting calls from lawmakers to step down.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On Tuesday morning, as many as 11 parties within the ruling coalition said in \u003ca href=\\\\\\\"https://opoyi.com/topics/parliament/\\\\\\\"\u003eParliament\u003c/a\u003e that they would function as independent lawmakers and some members of Rajapaksa’s party will distance themselves from the government, putting a simple majority in the 225-seat legislature in doubt.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/sri-lanka-rajapaksa-regime-at-risk-as-mps-withdraw-support-7-points-663076/\\\\\\\"\u003eSri Lanka: Rajapaksa regime at risk as MPs withdraw support | 7 points\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"An eroded cabinet following mass resignations, including the Finance Minister, limits his ability to negotiate with foreign bondholders a debt restructure that’s key for IMF support.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to Reuters, the IMF is monitoring political and economic developments in Sri Lanka \\\\\\\"very closely\\\\\\\".\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/sri-lankas-finance-minister-ali-sabry-resigns-a-day-after-appointment-353120/\\\\\\\"\u003eSri Lanka's Finance Minister Ali Sabry resigns a day after appointment\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The extra yield investors demand to hold Sri Lanka's sovereign debt, on average, over US Treasuries widened by 76 basis points on Tuesday to 30.06 percentage points, according to JPMorgan Chase \u0026amp; Co. data, well above the 10-percentage point threshold for distressed debt.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Global asset managers including Fidelity Investments and T. Rowe Price Group are staring down the risk of default. Holders for which data is available are estimated to own 4% of the outstanding debt, and the amounts would constitute a small portion of the firms’ overall assets.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/sri-lanka-opposition-declines-to-join-unity-government-143258/\\\\\\\"\u003eSri Lanka opposition declines to join unity government\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Opposition groups had previously rejected overtures from the president to join an interim government after the entire cabinet resigned following street protests by citizens.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Opposition groups want to see a change to the country's constitution that will limit Rajapaksa’s wide-ranging executive powers, which include calling for elections mid-way through a five-year parliament term and appointing and firing government officials and judges.\\\"}}]}","relatedPosts":null,"location":{"name":"Colombo, Sri Lanka"},"createdBy":{"name":"Ajay Joseph","photo":null,"username":"ajay4396","id":"LFYsY6JozEMx","role":null},"topics":[{"name":"GotabayaRajapaksha","slug":"gotabayarajapaksha","id":"0lujXPdw1Kvz","isSection":0},{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1},{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0},{"name":"Parliament","slug":"parliament","id":"f1AaZo7fTdEO","isSection":0},{"name":"SriLanka","slug":"srilanka","id":"mjdE0zWttiL5","isSection":0},{"name":"IndiaNews","slug":"indianews","id":"hmzqkpDB7jEj","isSection":0},{"name":"IMF","slug":"imf","id":"HagnF01J4NI4","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Ajay Joseph","id":"LFYsY6JozEMx","username":"ajay4396","role":1,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-04-06T07:15:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"Sri Lanka President Gotabaya Rajapaksa on Tuesday night revoked emergency rule within days of imposing it as the escalating political crisis makes it tougher for the island nation to agree a much-needed financial bailout from the International Monetary Fund (IMF). It is reported that the proclamation that took effect from April 1 is repealed as of midnight April 5, Rajapaksa said in an extraordinary gazette late on Tuesday. Also read: Sri Lankan crisis: Gotabaya Rajapaksa's government loses majority in Parliament,Imposing Emergency had given Rajapaksa sweeping powers to detain protesters and seize property, but he also faced mounting calls from lawmakers to step down. On Tuesday morning, as many as 11 parties within the ruling coalition said in Parliament that they would function as independent lawmakers and some members of Rajapaksa’s party will distance themselves from the government, putting a simple majority in the 225-seat legislature in doubt. Also read: Sri Lanka: Rajapaksa regime at risk as MPs withdraw support | 7 points,An eroded cabinet following mass resignations, including the Finance Minister, limits his ability to negotiate with foreign bondholders a debt restructure that’s key for IMF support. According to Reuters, the IMF is monitoring political and economic developments in Sri Lanka very closely. Also read: Sri Lanka's Finance Minister Ali Sabry resigns a day after appointment,The extra yield investors demand to hold Sri Lanka's sovereign debt, on average, over US Treasuries widened by 76 basis points on Tuesday to 30.06 percentage points, according to JPMorgan Chase \u0026 Co. data, well above the 10-percentage point threshold for distressed debt. Global asset managers including Fidelity Investments and T. Rowe Price Group are staring down the risk of default. Holders for which data is available are estimated to own 4% of the outstanding debt, and the amounts would constitute a small portion of the firms’ overall assets. Also read: Sri Lanka opposition declines to join unity government,Opposition groups had previously rejected overtures from the president to join an interim government after the entire cabinet resigned following street protests by citizens. The Opposition groups want to see a change to the country's constitution that will limit Rajapaksa’s wide-ranging executive powers, which include calling for elections mid-way through a five-year parliament term and appointing and firing government officials and judges.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"6.9271","longitude":"79.8612","name":"Colombo, Sri Lanka","city":"Colombo"},"keywords":"Sri Lanka,Rajapaksa,Parliament,Sri Lanka's,Gotabaya Rajapaksa,the International Monetary Fund,Gotabaya Rajapaksa's,Imposing Emergency,Ali Sabry,JPMorgan Chase,Fidelity Investments,T. Rowe Price Group","originalPublishedOn":"2022-04-06T07:15:00+05:30"}},{"node":{"id":"IeB2EH1sBNUR","slug":"english/sri-lanka-crisis-nearly-45-arrested-after-night-of-violence-10-injured","slugV2":"usa/sri-lanka-crisis-nearly-45-arrested-after-night-of-violence-10-injured-349462/","title":"Sri Lanka crisis: Nearly 45 arrested after night of violence, 10 injured","postType":1,"coverMedia":"https://images.opoyi.net/opoyi_0URpUel5sB.jpg","coverCaption":"Sri Lankans wait in a queue to buy cooking gas at a vendor in Colombo. (Photo Credit: PTI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-04-01T12:15:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe country has $51 billion in foreign debts, of which $4 billion is due this year\u003c/li\u003e\n \u003cli\u003eSri Lanka has only $2.31 billion in reserves and current debt is 119 percent of GDP\u003c/li\u003e\n \u003cli\u003eRajapaksa, who was allegedly said to be not at home, has slammed 'extremist forces' for the violence\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1648794416052,\\\"strCount\\\":2862,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"As many as 45 people have been arrested by Sri Lanka police after violence erupted overnight when hundreds tried to storm President Gotabaya Rajapaksa's house in Colombo to protest the ongoing economic crisis.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"News agency AFP reported that security forces fired tear gas and water cannons and police even fired into the crowd, although it is unclear if live ammunition was used - and paramilitary troops with assault rifles were also seen.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/united-states-best-assessment-says-war-in-ukraine-could-drag-on-for-a-while-122689/\\\\\\\"\u003eUnited States' 'best assessment' says war in \u003c/a\u003e\u003ca href=\\\\\\\"https://opoyi.com/topics/ukraine/\\\\\\\"\u003eUkraine\u003c/a\u003e could 'drag on for a while'\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"At least 10 people have been injured, one severely so after police fired tear gas to stop protesters attacking their bus.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Police said at least five of their personnel were also injured in clashes that resulted in police vehicles set on fire and another overturned.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/sri-lanka-economic-crisis-hundreds-stage-protest-outside-presidents-home-check-details-397276/\\\\\\\"\u003eSri Lanka economic crisis: Hundreds stage protest outside President's home, check details\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On late Thursday, a curfew was imposed covering large parts of the capital district but was lifted early this morning.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Speaking to PTI, a senior official said, \\\\\\\"As of now 45 people have been arrested. Five policemen were injured while a police bus, a jeep and two motorcycles were burnt. The protesters had also caused damage to a police water cannon truck.\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/russia-ukraine-conflict-pm-modi-bats-for-greater-regional-cooperation-via-bimstec-192390/\\\\\\\"\u003eRussia-Ukraine conflict: PM Modi bats for greater regional cooperation via BIMSTEC\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Rajapaksa, who was allegedly said to be not at home, has slammed 'extremist forces' for the violence and has accused them of trying to destabilise the country.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"The Thursday night protest was led by extremist forces calling for an \u003ca href=\\\\\\\"https://opoyi.com/topics/arab/\\\\\\\"\u003eArab\u003c/a\u003e Spring to create instability in our country,\\\\\\\" the president's office said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/united-states-best-assessment-says-war-in-ukraine-could-drag-on-for-a-while-122689/\\\\\\\"\u003eUnited States' 'best assessment' says war in Ukraine could 'drag on for a while'\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Videos of violence shared on social media - and verified as genuine by AFP - showed men and women shouting 'lunatic, lunatic go home' and demanding that all members of the powerful Rajapaksa family - they hold the presidency, prime ministership, and key cabinet posts – step down.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The country has $51 billion in foreign debts, of which $4 billion is due this year; this includes a $1 billion international sovereign bond due in July. Sri Lanka has only $2.31 billion in reserves and current debt is 119 percent of GDP.\\\"}}]}","relatedPosts":null,"location":{"name":"Colombo, Sri Lanka"},"createdBy":{"name":"Ajay Joseph","photo":null,"username":"ajay4396","id":"LFYsY6JozEMx","role":null},"topics":[{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0},{"name":"GotabayaRajapaksha","slug":"gotabayarajapaksha","id":"0lujXPdw1Kvz","isSection":0},{"name":"arab","slug":"arab","id":"jZTqn30Fvmhv","isSection":0},{"name":"Russia","slug":"russia","id":"ZdjTIzNom80K","isSection":0},{"name":"SriLanka","slug":"srilanka","id":"mjdE0zWttiL5","isSection":0},{"name":"Ukraine","slug":"ukraine","id":"Dq03BAdFix29","isSection":0},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"Asia","slug":"asia","id":"QzdhnKXHT05r","isSection":0},{"name":"Europe","slug":"europe","id":"v2KXw3fOql0S","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Ajay Joseph","id":"LFYsY6JozEMx","username":"ajay4396","role":1,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-04-01T12:15:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"As many as 45 people have been arrested by Sri Lanka police after violence erupted overnight when hundreds tried to storm President Gotabaya Rajapaksa's house in Colombo to protest the ongoing economic crisis. News agency AFP reported that security forces fired tear gas and water cannons and police even fired into the crowd, although it is unclear if live ammunition was used - and paramilitary troops with assault rifles were also seen. Also read: United States' 'best assessment' says war in Ukraine could 'drag on for a while',At least 10 people have been injured, one severely so after police fired tear gas to stop protesters attacking their bus. Police said at least five of their personnel were also injured in clashes that resulted in police vehicles set on fire and another overturned. Also read: Sri Lanka economic crisis: Hundreds stage protest outside President's home, check details,On late Thursday, a curfew was imposed covering large parts of the capital district but was lifted early this morning. Speaking to PTI, a senior official said, As of now 45 people have been arrested. Five policemen were injured while a police bus, a jeep and two motorcycles were burnt. The protesters had also caused damage to a police water cannon truck. Also read: Russia-Ukraine conflict: PM Modi bats for greater regional cooperation via BIMSTEC,Rajapaksa, who was allegedly said to be not at home, has slammed 'extremist forces' for the violence and has accused them of trying to destabilise the country. The Thursday night protest was led by extremist forces calling for an Arab Spring to create instability in our country, the president's office said. Also read: United States' 'best assessment' says war in Ukraine could 'drag on for a while',Videos of violence shared on social media - and verified as genuine by AFP - showed men and women shouting 'lunatic, lunatic go home' and demanding that all members of the powerful Rajapaksa family - they hold the presidency, prime ministership, and key cabinet posts – step down. The country has $51 billion in foreign debts, of which $4 billion is due this year; this includes a $1 billion international sovereign bond due in July. Sri Lanka has only $2.31 billion in reserves and current debt is 119 percent of GDP.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"6.9271","longitude":"79.8612","name":"Colombo, Sri Lanka","city":"Colombo"},"keywords":"Sri Lanka,Ukraine,Gotabaya Rajapaksa's,United States',jeep,Russia,BIMSTEC Rajapaksa,Arab,Rajapaksa","originalPublishedOn":"2022-04-01T12:15:00+05:30"}},{"node":{"id":"oWNeWrE2f3V9","slug":"english/nirmala-sitharaman-education-qualification-family-cars-and-other-details","slugV2":"education/nirmala-sitharaman-education-qualification-family-cars-and-other-details-472231/","title":"Nirmala Sitharaman: Education qualification, family, cars and other details","postType":1,"coverMedia":"https://images.opoyi.net/opoyi_xZwQoCbeN.jpg","coverCaption":"Union Finance Minister Nirmala Sitharaman. (Photo Credit: PTI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-02-01T10:33:54+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSitharaman formerly served as the Defence Minister of India\u003c/li\u003e\n \u003cli\u003eShe is the second female finance minister after Indira Gandhi and first full-time female Finance Minister\u003c/li\u003e\n \u003cli\u003eShe is the member of Rajya Sabha since 2014\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1643691832277,\\\"strCount\\\":2327,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Nirmala Sitharaman: Education qualification, family, cars and other details\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Union \u003ca href=\\\\\\\"https://opoyi.com/topics/financeminister/\\\\\\\"\u003eFinance Minister\u003c/a\u003e \u003ca href=\\\\\\\"https://opoyi.com/topics/nirmalasitharaman/\\\\\\\"\u003eNirmala Sitharaman\u003c/a\u003e was born on August 18, 1959, and is a member of the \u003ca href=\\\\\\\"https://opoyi.com/topics/rajyasabha/\\\\\\\"\u003eRajya Sabha\u003c/a\u003e, the upper house of the \u003ca href=\\\\\\\"https://opoyi.com/topics/parliament/\\\\\\\"\u003eIndian Parliament\u003c/a\u003e, since 2014.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/internet-flooded-with-taxpayer-memes-ahead-of-union-budget-2022-177049/\\\\\\\"\u003eInternet flooded with taxpayer memes ahead of Union Budget 2022\u003c/a\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Sitharaman formerly served as the Defence Minister of India, thereby becoming \u003ca href=\\\\\\\"https://opoyi.com/india/\\\\\\\"\u003eIndia\u003c/a\u003e's second female defence minister and also the second female finance minister after \u003ca href=\\\\\\\"https://opoyi.com/topics/indiragandhi/\\\\\\\"\u003eIndira Gandhi\u003c/a\u003e and first full-time female Finance Minister.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/sensex-jumps-600-points-nifty-trades-above-17400-ahead-of-budget-2022-271114/\\\\\\\"\u003eSensex jumps 600 points, Nifty trades above 17,400 ahead of Budget 2022\u003c/a\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"She has served as the Minister of State for Finance and Corporate Affairs under the \u003ca href=\\\\\\\"https://opoyi.com/topics/ministryoffinance/\\\\\\\"\u003eMinistry of Finance\u003c/a\u003e and the Minister for Commerce and Industry with independent charge. Prior to that, she served as a national spokesperson for the \u003ca href=\\\\\\\"https://opoyi.com/topics/bjp/\\\\\\\"\u003eBharatiya Janata Party\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/budget-2022-what-equity-market-is-expecting-from-government-131405/\\\\\\\"\u003eBudget 2022: What equity market is expecting from government?\u003c/a\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Nirmala Sitharaman obtained a Bachelor of Arts degree in economics at the Seethalakshmi Ramaswami College, Tiruchirapalli in 1980, Master of Arts degree in economics and M.Phil. from Jawaharlal Nehru University, \u003ca href=\\\\\\\"https://opoyi.com/topics/delhi/\\\\\\\"\u003eDelhi\u003c/a\u003e in 1984. She then enrolled for a PhD program in \u003ca href=\\\\\\\"https://opoyi.com/topics/economics/\\\\\\\"\u003eEconomics\u003c/a\u003e with a focus on Indo-Europe trade, but later left this program and moved to \u003ca href=\\\\\\\"https://opoyi.com/topics/london/\\\\\\\"\u003eLondon\u003c/a\u003e (when her husband secured a scholarship in London School of Economics) because of which she was unable to complete her degree.\\\"}}]}","relatedPosts":null,"location":{"name":"New Delhi, Delhi, India"},"createdBy":{"name":"Ajay Joseph","photo":null,"username":"ajay4396","id":"LFYsY6JozEMx","role":null},"topics":[{"name":"NirmalaSitharaman","slug":"nirmalasitharaman","id":"lrmXa26Ltafh","isSection":0},{"name":"UnionBudget2022","slug":"unionbudget2022","id":"n69K8p1NoheC","isSection":0},{"name":"FinanceMinister","slug":"financeminister","id":"2LoDl0O1HC54","isSection":0},{"name":"Budget2022","slug":"budget2022","id":"3RaCVnHLhZfF","isSection":0},{"name":"Cars","slug":"cars","id":"6kz1p7ADdA59","isSection":0},{"name":"Education","slug":"education","id":"pDJ4XmrPLztN","isSection":1},{"name":"Tamilnadu","slug":"tamilnadu","id":"gnnFxaHIC2iq","isSection":0},{"name":"London","slug":"london","id":"PFIK5nEYHzYU","isSection":0},{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Ajay Joseph","id":"LFYsY6JozEMx","username":"ajay4396","role":1,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-02-01T09:57:30+05:30","publisher":6,"sourceFeed":null,"cleanText":"Nirmala Sitharaman: Education qualification, family, cars and other details,Union Finance Minister Nirmala Sitharaman was born on August 18, 1959, and is a member of the Rajya Sabha, the upper house of the Indian Parliament, since 2014. Also Read | Internet flooded with taxpayer memes ahead of Union Budget 2022,Sitharaman formerly served as the Defence Minister of India, thereby becoming India's second female defence minister and also the second female finance minister after Indira Gandhi and first full-time female Finance Minister. Also Read | Sensex jumps 600 points, Nifty trades above 17,400 ahead of Budget 2022,She has served as the Minister of State for Finance and Corporate Affairs under the Ministry of Finance and the Minister for Commerce and Industry with independent charge. Prior to that, she served as a national spokesperson for the Bharatiya Janata Party. Also Read | Budget 2022: What equity market is expecting from government?,Nirmala Sitharaman obtained a Bachelor of Arts degree in economics at the Seethalakshmi Ramaswami College, Tiruchirapalli in 1980, Master of Arts degree in economics and M.Phil. from Jawaharlal Nehru University, Delhi in 1984. She then enrolled for a PhD program in Economics with a focus on Indo-Europe trade, but later left this program and moved to London (when her husband secured a scholarship in London School of Economics) because of which she was unable to complete her degree.","portalUser":{"id":"lkyQnhI6xk8o","name":"Opoyi Buzz","username":"OpoyiBuzz","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_Xzp4oUynR.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"28.6139","longitude":"77.209","name":"New Delhi, Delhi, India","city":"Delhi"},"keywords":"['Nirmala Sitharaman', ' Union Budget 2022', ' Finance Minister', ' Budget 2022', ' Cars', ' Education', ' Tamil Nadu', ' London', ' Economics', \" Nirmala Sitharaman's education qualification\", \" Nirmala Sitharaman's car collection\"]","originalPublishedOn":"2022-02-01T09:57:30+05:30"}},{"node":{"id":"Fpp3dohwQKtm","slug":"english/economic-survey-2022-key-highlights-from-sanjeev-sanyals-speech","slugV2":"india/economic-survey-2022-key-highlights-from-sanjeev-sanyals-speech-299989/","title":"Economic Survey 2022: Key highlights from Sanjeev Sanyal’s speech","postType":1,"coverMedia":"/opoyi_UXMulwc6Q.jpg","coverCaption":"Sanjeev Sanyal, Principal Economic Adviser (PEA), presented the Economic Survey 2022 on Monday. (Photo credit: Twitter/@ANI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-01-31T18:45:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe survey projected 9.2 per cent growth this year\u003c/li\u003e\n \u003cli\u003eAccording to the survey, agriculture sector is the least affected by the pandemic\u003c/li\u003e\n \u003cli\u003eExports increased significantly, imports have also been strong\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1643634688135,\\\"strCount\\\":3001,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Sanjeev\\\\nSanyal, Principal Economic Adviser (PEA), presented the Economic Survey 2022 on Monday. The\\\\nSurvey was tabled by Finance Minister \u003ca href=\\\\\\\"https://opoyi.com/topics/nirmalasitharaman/\\\\\\\"\u003eNirmala Sitaraman\u003c/a\u003e in the ongoing budget\\\\nsession of the Parliament.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/union-budget-2022-a-look-at-indias-most-historic-budgets-505281/\\\\\\\"\u003eUnion Budget 2022: A look at India's most historic budgets\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Here\\\\nare the key highlights from Sanjeev Sanyal's presentation on the Economic\\\\nSurvey:\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"*The Economic Survey projected a growth rate of 9.2 per cent this year compared\\\\nto 7.3 per cent in the previous year\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/budget-2022-all-you-need-to-know-about-halwa-ceremony-137074/\\\\\\\"\u003eBudget 2022: All you need to know about halwa ceremony\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"*The survey said that the agriculture sector was least affected by pandemic\\\\ninduced lockdowns. The industrial and the service sectors are the most\\\\naffected and are about 4.1 per cent above pre-pandemic levels now. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"*In terms of consumption, India reached the pre-pandemic level and while government\\\\nconsumption has been reasonably strong. However, private consumption still lingers.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/union-budget-2022-amid-pegasus-spyware-controversy-parliament-starts-today-10-points-420688/\\\\\\\"\u003eUnion Budget 2022: Amid Pegasus spyware controversy, Parliament session starts today; 10 points\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"*Exports are now very significantly above the pre-pandemic level but imports\\\\nhave also gained pace. Overall, GDP is 1.3 per cent above where it was\\\\npre-pandemic, Sanyal said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"*Banks continue to increase capital adequacy ratio, banks are well-capitalised.\\\\nIn terms of growth, credit has slowed down but has begun to tick up recently.\\\\nThe banking system is in a position to provide capital, he added.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/budget-2022-economic-survey-projects-8-85-gdp-growth-in-2022-23-621083/\\\\\\\"\u003eBudget 2022: Economic Survey projects 8-8.5% GDP growth in 2022-23\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"*India's\\\\nBalance of payments remains positive and even where Capital flows have been\\\\nvolatile, the current account has been positive and we now have a healthy\\\\namount of forex reserves.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"*On the spike in Tomato and Onion prices, Sanjeev Sanyal said that their\\\\nanalysis has thrown some light on the reason behind these massive spikes.\\\\nSeasonality is a major issue and a cyclical trend. Irregular components is\\\\nanother factor that causes price upheavals. To counter this, the survey\\\\nrecommends enhancing logistical issues, cold storage facilities etc to smoothen\\\\nout prices.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/pharma-infra-agriculture-and-other-stocks-likely-to-benefit-from-budget-2022-597945/\\\\\\\"\u003ePharma, Infra, Agriculture and other stocks likely to benefit from Budget 2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"*A key factor in this year's survey is the introduction of vaccination status as\\\\na macroeconomic stability indicator. Sanyal said that India has fared rather\\\\nwell on this front to weather waves of the pandemic.\\\"}}]}","relatedPosts":null,"location":{"name":"New Delhi, Delhi, India"},"createdBy":{"name":"Sudipta Biswas","photo":null,"username":"sudipta007","id":"7BsNwKQcHTdN","role":null},"topics":[{"name":"Budget2022","slug":"budget2022","id":"3RaCVnHLhZfF","isSection":0},{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"GDP","slug":"gdp","id":"sdLvX0aD0qHh","isSection":0},{"name":"growth","slug":"growth","id":"Qqf1oD9yYfXL","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"Pandemic","slug":"pandemic","id":"BlE2KIPtGOiS","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Sudipta Biswas","id":"7BsNwKQcHTdN","username":"sudipta007","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-01-31T18:45:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"Sanjeev Sanyal, Principal Economic Adviser (PEA), presented the Economic Survey 2022 on Monday. The Survey was tabled by Finance Minister Nirmala Sitaraman in the ongoing budget session of the Parliament. Also Read: Union Budget 2022: A look at India's most historic budgets,Here are the key highlights from Sanjeev Sanyal's presentation on the Economic Survey:,*The Economic Survey projected a growth rate of 9.2 per cent this year compared to 7.3 per cent in the previous year,Also Read: Budget 2022: All you need to know about halwa ceremony,*The survey said that the agriculture sector was least affected by pandemic induced lockdowns. The industrial and the service sectors are the most affected and are about 4.1 per cent above pre-pandemic levels now. ,*In terms of consumption, India reached the pre-pandemic level and while government consumption has been reasonably strong. However, private consumption still lingers. Also Read: Union Budget 2022: Amid Pegasus spyware controversy, Parliament session starts today; 10 points,*Exports are now very significantly above the pre-pandemic level but imports have also gained pace. Overall, GDP is 1.3 per cent above where it was pre-pandemic, Sanyal said. *Banks continue to increase capital adequacy ratio, banks are well-capitalised. In terms of growth, credit has slowed down but has begun to tick up recently. The banking system is in a position to provide capital, he added. Also Read: Budget 2022: Economic Survey projects 8-8.5% GDP growth in 2022-23,*India's Balance of payments remains positive and even where Capital flows have been volatile, the current account has been positive and we now have a healthy amount of forex reserves. *On the spike in Tomato and Onion prices, Sanjeev Sanyal said that their analysis has thrown some light on the reason behind these massive spikes. Seasonality is a major issue and a cyclical trend. Irregular components is another factor that causes price upheavals. To counter this, the survey recommends enhancing logistical issues, cold storage facilities etc to smoothen out prices. Also Read: Pharma, Infra, Agriculture and other stocks likely to benefit from Budget 2022,*A key factor in this year's survey is the introduction of vaccination status as a macroeconomic stability indicator. Sanyal said that India has fared rather well on this front to weather waves of the pandemic.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"28.6139","longitude":"77.209","name":"New Delhi, Delhi, India","city":"Delhi"},"keywords":"['Sanjeev Sanyal ', 'Economic Survey ', 'Budget 2022', 'India', 'Inflation ', 'GDP', 'Growth ']","originalPublishedOn":"2022-01-31T18:45:00+05:30"}},{"node":{"id":"pS0mNaFmzref","slug":"english/economic-survey-2021-2022-key-highlights-and-takeaways","slugV2":"india/economic-survey-2021-2022-key-highlights-and-takeaways-488205/","title":"Economic Survey 2021-2022: Key highlights and takeaways","postType":1,"coverMedia":"https://images.opoyi.net/opoyi_97Fjvui3nsf.jpg","coverCaption":"Economic Survey outlines the state of the Economy and suggestions for policy actions (PTI Photo/Shahbaz Khan)(PTI01_31_2022_000142B)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-01-31T18:44:15+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eEconomic Survey projected a GDP growth rate of 8-8.5% in FY23\u003c/li\u003e\n \u003cli\u003eAgriculture and allied sectors are expected to grow by 3.9%\u003c/li\u003e\n \u003cli\u003eImports are estimated to grow by 29.4% in 2021-22\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1643634447802,\\\"strCount\\\":4807,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Finance Minister Nirmala Sitharaman tabled the \u003ca href=\\\\\\\"https://opoyi.com/india/what-is-economic-survey-and-why-it-is-tabled-a-day-before-budget-398585/\\\\\\\"\u003eEconomic Survey\u003c/a\u003e\\\\n2021-22 in Parliament on Monday soon after the President’s address to both\\\\nHouses of Parliament. The Economic Survey, presented a day before the Union\\\\nBudget, outlines the state of the Economy and suggestions for policy\\\\nactions.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/budget-2022-economic-survey-projects-8-85-gdp-growth-in-2022-23-621083/\\\\\\\"\u003eBudget 2022: Economic Survey projects 8-8.5% GDP growth in 2022-23\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to Economic Survey, \\\\\\\"India’s GDP is\\\\nprojected to grow in real terms by 8.0-8.5% in 2022-23,\\\\\\\" said the Survey.\\\\nGrowth will be supported by “widespread vaccine coverage, gains from\\\\nsupply-side reforms and easing of regulations, robust export growth, and availability\\\\nof fiscal space to ramp up capital spending\\\\\\\".\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/union-budget-2022-a-look-at-indias-most-historic-budgets-505281/\\\\\\\"\u003eUnion Budget 2022: A look at India's most historic budgets\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eHere are the key highlights from the Economic Survey\\\\n2022:\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"1) The Economic Survey projected a GDP growth rate of\\\\n8-8.5% in real terms for the next fiscal 2022-23.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"2) Indian economy is projected to grow by 9.2% in real\\\\nterms in 2021-22 considering the GDP growth rate contraction by 7.3% in\\\\n2020-21.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"3) Agriculture and allied sectors are expected to grow by\\\\n3.9% as compared to 3.6% in the previous year. Industrial sector growth is\\\\nestimated at 11.8%. The services sector is the worst hit by the Covid-19\\\\npandemic, it is estimated to grow by 8.2% in 2021-22 after the 8.4% contraction\\\\nin the previous fiscal.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/union-budget-2022-amid-pegasus-spyware-controversy-parliament-starts-today-10-points-420688/\\\\\\\"\u003eUnion Budget 2022: Amid Pegasus spyware controversy, Parliament session starts today; 10 points\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"4) India’s total exports are projected to grow by 16.5%\\\\nin 2021-22 surpassing pre-pandemic levels.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"5) Imports are estimated to grow by 29.4% in 2021-22.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"6) Capital Expenditure (Capex) grows by 13.5%\\\\nyear-on-year during April-November 2021.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"7) Foreign Exchange reserves reached US$ 633.6 billion on\\\\n31st December 2021.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/pharma-infra-agriculture-and-other-stocks-likely-to-benefit-from-budget-2022-597945/\\\\\\\"\u003ePharma, Infra, Agriculture and other stocks likely to benefit from Budget 2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"8) Expenditure on social services increased by 9.8% to Rs\\\\n71.61 lakh crore in FY22.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"9) 75 IPOs raised Rs 89,066 crore from April to November\\\\n2021, which is significantly higher than any year in the last decade. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"10) Railways: Rs 65,157 crore capital expenditure from\\\\nApril to November 2021; Capex outlay in the ongoing financial year is at Rs\\\\n2.15 lakh crore, which is five times the 2014 level.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/union-budget-2022-session-begins-with-president-ram-nath-kovinds-address-310093/\\\\\\\"\u003eUnion Budget 2022: Session begins with President Ram Nath Kovind's address\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"11) \\\\\\\"Railways\\\\nCapex will increase further in coming years and emerge as an engine of national\\\\ngrowth,” the survey says.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"12) Per day road\\\\nconstruction increases to 36.5 KMs in 2020-21, 30.4% increase as compared to\\\\nthe previous year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"13) India sets a new record with 44 unicorns in 2021.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"14) Five sector hold around 83% of the aggregate pipeline\\\\nvalue: Roads(27%), Railways (25%), Power (25%), Power (15%), Oil % Gas\\\\npipelines (8%) and Telecom (6%).\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/budget-2022-when-where-to-watch-what-to-expect-456956/\\\\\\\"\u003eBudget 2022: When \u0026amp; where to watch, what to expect\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"15) The survey said, \\\\\\\"Climate finance will remain\\\\ncritical to successful climate action by developing countries, including\\\\nIndia\\\\\\\".\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"16) India’s\\\\noverall score on the NITI Aayog SDG India Index and Dashboard improved to 66 in\\\\n2020-21 from 60 in 2019-20 and 57 in 2018-19.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"17) The average headline CPI-Combined inflation averaged\\\\nto 5.2%\u0026nbsp; in April-December 2021-22 from\\\\n6.6% in the similar period of 2020-21.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/explained-ahead-of-assembly-elections-will-union-budget-2022-be-in-favour-of-farmers-369275/\\\\\\\"\u003eExplained: Ahead of Assembly elections, will Union Budget 2022 be in favour of farmers?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"18) Food inflation averaged at a low of 2.9% in 2021-22\\\\n(April to December) as against 9.1% in the same period the previous year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"19) Sensex and Nifty surged up to touch highest at 61,766 and\\\\n18,477 on October 18, 2021.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"20) Foreign exchange reserves surpassed US$ 600 billion in\\\\nthe first half of 2021-22 and reached US $633.6 billion on December 31, 2021.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"21) India’s external debt increased to the US $ 593.1 billion\\\\nat the end-September 2021 as against the US $ 556.8 billion a year earlier.\\\"}}]}","relatedPosts":null,"location":{"name":"Delhi, India"},"createdBy":{"name":"Devanshu Singla","photo":null,"username":"devanshu","id":"tsxWjhDTYvrx","role":null},"topics":[{"name":"UnionBudget2022","slug":"unionbudget2022","id":"n69K8p1NoheC","isSection":0},{"name":"NirmalaSitharaman","slug":"nirmalasitharaman","id":"lrmXa26Ltafh","isSection":0},{"name":"IndianEconomy","slug":"indianeconomy","id":"kzdkEBmiyLAT","isSection":0},{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"Budget2022","slug":"budget2022","id":"3RaCVnHLhZfF","isSection":0},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","isSection":0},{"name":"survey","slug":"survey","id":"SkFb7Ub89C0l","isSection":0},{"name":"GDP","slug":"gdp","id":"sdLvX0aD0qHh","isSection":0},{"name":"Agriculture","slug":"agriculture","id":"8UPl2BkpRyuR","isSection":0},{"name":"MinistryofFinance","slug":"ministryoffinance","id":"1k7T1BGY2iOd","isSection":0},{"name":"Industry","slug":"industry","id":"3Hcxjv2r3g4X","isSection":0},{"name":"Export","slug":"export","id":"llhmvr2Rwsly","isSection":0},{"name":"Railways","slug":"railways","id":"ABlYeiddzE5i","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-01-31T18:37:26+05:30","publisher":0,"sourceFeed":null,"cleanText":"Finance Minister Nirmala Sitharaman tabled the Economic Survey 2021-22 in Parliament on Monday soon after the President’s address to both Houses of Parliament. The Economic Survey, presented a day before the Union Budget, outlines the state of the Economy and suggestions for policy actions. Also Read | Budget 2022: Economic Survey projects 8-8.5% GDP growth in 2022-23,According to Economic Survey, India’s GDP is projected to grow in real terms by 8.0-8.5% in 2022-23, said the Survey. Growth will be supported by “widespread vaccine coverage, gains from supply-side reforms and easing of regulations, robust export growth, and availability of fiscal space to ramp up capital spending. Also Read | Union Budget 2022: A look at India's most historic budgets,Here are the key highlights from the Economic Survey 2022:,1) The Economic Survey projected a GDP growth rate of 8-8.5% in real terms for the next fiscal 2022-23. 2) Indian economy is projected to grow by 9.2% in real terms in 2021-22 considering the GDP growth rate contraction by 7.3% in 2020-21. 3) Agriculture and allied sectors are expected to grow by 3.9% as compared to 3.6% in the previous year. Industrial sector growth is estimated at 11.8%. The services sector is the worst hit by the Covid-19 pandemic, it is estimated to grow by 8.2% in 2021-22 after the 8.4% contraction in the previous fiscal. Also Read | Union Budget 2022: Amid Pegasus spyware controversy, Parliament session starts today; 10 points,4) India’s total exports are projected to grow by 16.5% in 2021-22 surpassing pre-pandemic levels. 5) Imports are estimated to grow by 29.4% in 2021-22. 6) Capital Expenditure (Capex) grows by 13.5% year-on-year during April-November 2021. 7) Foreign Exchange reserves reached US$ 633.6 billion on 31st December 2021. Also Read | Pharma, Infra, Agriculture and other stocks likely to benefit from Budget 2022,8) Expenditure on social services increased by 9.8% to Rs 71.61 lakh crore in FY22. 9) 75 IPOs raised Rs 89,066 crore from April to November 2021, which is significantly higher than any year in the last decade. ,10) Railways: Rs 65,157 crore capital expenditure from April to November 2021; Capex outlay in the ongoing financial year is at Rs 2.15 lakh crore, which is five times the 2014 level. Also Read | Union Budget 2022: Session begins with President Ram Nath Kovind's address,11) Railways Capex will increase further in coming years and emerge as an engine of national growth,” the survey says. 12) Per day road construction increases to 36.5 KMs in 2020-21, 30.4% increase as compared to the previous year. 13) India sets a new record with 44 unicorns in 2021. 14) Five sector hold around 83% of the aggregate pipeline value: Roads(27%), Railways (25%), Power (25%), Power (15%), Oil % Gas pipelines (8%) and Telecom (6%). Also Read | Budget 2022: When \u0026 where to watch, what to expect,15) The survey said, Climate finance will remain critical to successful climate action by developing countries, including India. 16) India’s overall score on the NITI Aayog SDG India Index and Dashboard improved to 66 in 2020-21 from 60 in 2019-20 and 57 in 2018-19. 17) The average headline CPI-Combined inflation averaged to 5.2% in April-December 2021-22 from 6.6% in the similar period of 2020-21. Also Read | Explained: Ahead of Assembly elections, will Union Budget 2022 be in favour of farmers?,18) Food inflation averaged at a low of 2.9% in 2021-22 (April to December) as against 9.1% in the same period the previous year. 19) Sensex and Nifty surged up to touch highest at 61,766 and 18,477 on October 18, 2021. 20) Foreign exchange reserves surpassed US$ 600 billion in the first half of 2021-22 and reached US $633.6 billion on December 31, 2021. 21) India’s external debt increased to the US $ 593.1 billion at the end-September 2021 as against the US $ 556.8 billion a year earlier.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"28.6863","longitude":"77.2218","name":"Delhi, India","city":"Delhi"},"keywords":"['economic survey 2022', ' economic survey', ' economic survey 2021-22', ' union budget', ' union budget 2022', ' budget 2021-22', ' budget 2022', ' nirmala sitharaman', ' ', 'sanjeev sanyal', 'gdp growth rate', 'economic survey highlights', 'economic sur","originalPublishedOn":"2022-01-31T18:37:26+05:30"}},{"node":{"id":"wVYXyzcSCQaR","slug":"english/budget-2022-economic-survey-projects-8-85-gdp-growth-in-2022-23","slugV2":"india/budget-2022-economic-survey-projects-8-85-gdp-growth-in-2022-23-621083/","title":"Budget 2022: Economic Survey projects 8-8.5% GDP growth in 2022-23","postType":1,"coverMedia":"/opoyi_MvzUZQoYq.jpg","coverCaption":"The Budget comes only days before elections in five states, including the most populous, Uttar Pradesh, which might prompt Sitharaman to pledge increased rural expenditure and food and fertilizer subsidies. (Photo Credits: Representative Image/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-01-31T14:46:02+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eAll macro indicators suggested that the economy was well-positioned to tackle difficulties\u003c/li\u003e\n \u003cli\u003eThe Budget will likely prioritize growth above budget reduction by increasing expenditure\u003c/li\u003e\n \u003cli\u003eEconomists estimate that Sitharaman would aim for a budget gap of 6.1% of GDP next year\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1643620561298,\\\"strCount\\\":3489,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/india/what-is-economic-survey-and-why-it-is-tabled-a-day-before-budget-398585/\\\\\\\"\u003eEconomic Survey\u003c/a\u003e, which was submitted in Parliament on Monday, showed that India expects economic growth of 8% to 8.5% for the fiscal year that begins in April (FY23), down from an expected 9.2% growth in the current year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"All macro indicators suggested that the economy was well-positioned to tackle difficulties, aided by increases in agriculture and industrial production growth, according to the report, which was submitted in parliament by finance minister Nirmala Sitharaman ahead of the annual budget on Tuesday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/what-is-economic-survey-and-why-it-is-tabled-a-day-before-budget-398585/\\\\\\\"\u003eWhat is Economic Survey and why it is tabled a day before Budget?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to experts polled by Bloomberg, the Budget will likely prioritize growth above budget reduction by increasing expenditure. According to the median of predictions published by Bloomberg, Finance Minister Nirmala Sitharaman will likely increase the budget by nearly 14% year on year to Rs 39.6 trillion ($527 billion) in the fiscal year beginning April. She is anticipated to keep tax rates essentially intact, relying instead on asset sales and a near-record borrowing of over Rs 13 trillion to fund the plan.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/pharma-infra-agriculture-and-other-stocks-likely-to-benefit-from-budget-2022-597945/\\\\\\\"\u003ePharma, Infra, Agriculture and other stocks likely to benefit from Budget 2022\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Economists estimate that Sitharaman would aim for a budget gap of 6.1% of GDP next year, after completing the current fiscal year with a 6.8% shortfall due to lighter spending to bring the economy through the pandemic.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/stock-market-midday-report-sensex-up-1020-points-nifty-around-17400-200819/\\\\\\\"\u003eStock market midday report: Sensex up 1020 points, Nifty around 17,400\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Budget comes only days before elections in five states, including the most populous, Uttar Pradesh, which might prompt Sitharaman to pledge increased rural expenditure and food and fertilizer subsidies.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/budget-2022-11-interesting-facts-about-indias-union-budgets-till-date-429843/\\\\\\\"\u003eBudget 2022: 11 interesting facts about India's Union Budgets till date\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Budget is projected to increase public capital expenditure (capex) while also creating a favourable climate for private CAPEX. This would imply increasing allocations to sectors like defence, railways, and renewable energy transmission projects, boosting the domestic capital goods industry, brokerages told Business Standard last week.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/union-budget-2022-amid-pegasus-spyware-controversy-parliament-starts-today-10-points-420688/\\\\\\\"\u003eUnion Budget 2022: Amid Pegasus spyware controversy, Parliament session starts today; 10 points\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Businessmen and economists are concerned about mounting inflationary pressures in the country, as global crude oil prices rise and the new wave of Covid-19 infections threatens in the next eight to ten weeks, according to experts.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/budget-2022-all-about-union-budget-mobile-app-381375/\\\\\\\"\u003eBudget 2022: All about Union Budget mobile app\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"As the US Federal Reserve contemplates rate hikes, the economy faces the possibility of interest rate hikes even before a pickup in consumer and business expenditure.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"UnionBudget2022","slug":"unionbudget2022","id":"n69K8p1NoheC","isSection":0},{"name":"NirmalaSitharaman","slug":"nirmalasitharaman","id":"lrmXa26Ltafh","isSection":0},{"name":"GDP","slug":"gdp","id":"sdLvX0aD0qHh","isSection":0},{"name":"Budget2022","slug":"budget2022","id":"3RaCVnHLhZfF","isSection":0},{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-01-31T14:46:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Economic Survey, which was submitted in Parliament on Monday, showed that India expects economic growth of 8% to 8.5% for the fiscal year that begins in April (FY23), down from an expected 9.2% growth in the current year. All macro indicators suggested that the economy was well-positioned to tackle difficulties, aided by increases in agriculture and industrial production growth, according to the report, which was submitted in parliament by finance minister Nirmala Sitharaman ahead of the annual budget on Tuesday. Also Read| What is Economic Survey and why it is tabled a day before Budget?,According to experts polled by Bloomberg, the Budget will likely prioritize growth above budget reduction by increasing expenditure. According to the median of predictions published by Bloomberg, Finance Minister Nirmala Sitharaman will likely increase the budget by nearly 14% year on year to Rs 39.6 trillion ($527 billion) in the fiscal year beginning April. She is anticipated to keep tax rates essentially intact, relying instead on asset sales and a near-record borrowing of over Rs 13 trillion to fund the plan. Also Read| Pharma, Infra, Agriculture and other stocks likely to benefit from Budget 2022,Economists estimate that Sitharaman would aim for a budget gap of 6.1% of GDP next year, after completing the current fiscal year with a 6.8% shortfall due to lighter spending to bring the economy through the pandemic. Also Read| Stock market midday report: Sensex up 1020 points, Nifty around 17,400,The Budget comes only days before elections in five states, including the most populous, Uttar Pradesh, which might prompt Sitharaman to pledge increased rural expenditure and food and fertilizer subsidies. Also Read| Budget 2022: 11 interesting facts about India's Union Budgets till date,The Budget is projected to increase public capital expenditure (capex) while also creating a favourable climate for private CAPEX. This would imply increasing allocations to sectors like defence, railways, and renewable energy transmission projects, boosting the domestic capital goods industry, brokerages told Business Standard last week. Also Read| Union Budget 2022: Amid Pegasus spyware controversy, Parliament session starts today; 10 points,Businessmen and economists are concerned about mounting inflationary pressures in the country, as global crude oil prices rise and the new wave of Covid-19 infections threatens in the next eight to ten weeks, according to experts. Also Read| Budget 2022: All about Union Budget mobile app,As the US Federal Reserve contemplates rate hikes, the economy faces the possibility of interest rate hikes even before a pickup in consumer and business expenditure.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"['economic survey', ' budget 2022', ' nirmala sitharaman economic survey']","originalPublishedOn":"2022-01-31T14:46:00+05:30"}},{"node":{"id":"kYGcv1uAijjR","slug":"english/what-is-economic-survey-and-why-it-is-tabled-a-day-before-budget","slugV2":"india/what-is-economic-survey-and-why-it-is-tabled-a-day-before-budget-398585/","title":"What is Economic Survey and why it is tabled a day before Budget?","postType":1,"coverMedia":"/opoyi_oSMJdMS-KK.jpg","coverCaption":"The Economic Survey is an estimate of the Gross Domestic Product (GDP) for the upcoming fiscal year. (Photo Credit: Representational Image/Pixabay)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-01-31T13:20:26+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eEconomic Survey is an annual report card on the economy that assesses the performance of each sector\u003c/li\u003e\n \u003cli\u003eIt is likely to be published in a single volume, estimating the growth of roughly 9% for the next fiscal year\u003c/li\u003e\n \u003cli\u003eThe survey is scheduled to be in a single volume as the CEA position is empty this year\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1643615427345,\\\"strCount\\\":3066,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On Monday, the opening day of the \u003ca href=\\\\\\\"https://opoyi.com/india/union-budget-2022-session-begins-with-president-ram-nath-kovinds-address-310093/\\\\\\\"\u003eBudget Session\u003c/a\u003e, Union Finance Minister Nirmala Sitharaman will present the Economic Survey to Parliament. The Economic Survey is an annual report card on the economy that assesses the performance of each sector and then makes recommendations for future actions.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The survey will be presented shortly after President Ram Nath Kovind delivers his speech to both houses of Parliament.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/union-budget-2022-session-begins-with-president-ram-nath-kovinds-address-310093/\\\\\\\"\u003eUnion Budget 2022: Session begins with President Ram Nath Kovind's address\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Economic Survey is likely to be published in a single volume, estimating GDP growth of roughly 9% for the next fiscal year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The document is usually prepared by the chief economic advisor (CEA), but this year it was done by the principal economic adviser and other officials because the position was empty after Krishnamurthy Subramaniam's tenure expired in December.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/budget-2022-all-about-union-budget-mobile-app-381375/\\\\\\\"\u003eBudget 2022: All about Union Budget mobile app\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In recent years, the Economic Survey has been published in two volumes. The practice began when Arvind Subramaniam became CEA and it was carried on by his successor, KV Subramaniam.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"However, because the CEA position is empty this year, the survey is expected to be in a single volume.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/technology/us-stock-market-djia-sp500-nasdaq-and-russell-ended-in-green-on-friday-348042/\\\\\\\"\u003eUS Stock Market: DJIA, S\u0026amp;P500, Nasdaq and Russell ended in green on Friday\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Economic Survey was presented alongside the Budget for more than a decade following India's independence. The two were separated in 1964, and the Economic Survey was released ahead of schedule.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"It is important to note that the government is not required to provide the survey, and the suggestions made in the first volume are not binding on the government.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/budget-2022-when-where-to-watch-what-to-expect-456956/\\\\\\\"\u003eBudget 2022: When \u0026amp; where to watch, what to expect\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Economic Survey is an estimate of the Gross Domestic Product (GDP) for the upcoming fiscal year, and it is among the most closely awaited data sets ahead of the budget. It provides critical insights into the country's economic situation.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read|\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/budget-2022-why-has-the-halwa-ceremony-been-dropped-this-year-513837/\\\\\\\"\u003eBudget 2022: Why has the halwa ceremony been dropped this year?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to the National Statistical Office's (NSO's) preliminary projections, India's GDP would grow at 9.2% during the current fiscal year, which is somewhat below the Reserve Bank's (RBI) projection of 9.5%.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Each Economic Survey has a theme. The topic last year was saving lives and livelihoods. The Economic Survey was pink in 2017-18 since the topic was women's empowerment.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Sadhak Shrivastava","photo":"https://opoyi.com/images/opoyi_YTc6hxpHI.jpg?tr=w-600,q-70,dpr","username":"yashsadhak","id":"hVr8BLevnFNI","role":null},"topics":[{"name":"UnionBudget2022","slug":"unionbudget2022","id":"n69K8p1NoheC","isSection":0},{"name":"NirmalaSitharaman","slug":"nirmalasitharaman","id":"lrmXa26Ltafh","isSection":0},{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0},{"name":"Budget2022","slug":"budget2022","id":"3RaCVnHLhZfF","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Sadhak Shrivastava","id":"hVr8BLevnFNI","username":"yashsadhak","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-01-31T12:12:01+05:30","publisher":0,"sourceFeed":null,"cleanText":"On Monday, the opening day of the Budget Session, Union Finance Minister Nirmala Sitharaman will present the Economic Survey to Parliament. The Economic Survey is an annual report card on the economy that assesses the performance of each sector and then makes recommendations for future actions. The survey will be presented shortly after President Ram Nath Kovind delivers his speech to both houses of Parliament. Also Read| Union Budget 2022: Session begins with President Ram Nath Kovind's address,The Economic Survey is likely to be published in a single volume, estimating GDP growth of roughly 9% for the next fiscal year. The document is usually prepared by the chief economic advisor (CEA), but this year it was done by the principal economic adviser and other officials because the position was empty after Krishnamurthy Subramaniam's tenure expired in December. Also Read| Budget 2022: All about Union Budget mobile app,In recent years, the Economic Survey has been published in two volumes. The practice began when Arvind Subramaniam became CEA and it was carried on by his successor, KV Subramaniam. However, because the CEA position is empty this year, the survey is expected to be in a single volume. Also Read| US Stock Market: DJIA, S\u0026P500, Nasdaq and Russell ended in green on Friday,The Economic Survey was presented alongside the Budget for more than a decade following India's independence. The two were separated in 1964, and the Economic Survey was released ahead of schedule. It is important to note that the government is not required to provide the survey, and the suggestions made in the first volume are not binding on the government. Also Read| Budget 2022: When \u0026 where to watch, what to expect,The Economic Survey is an estimate of the Gross Domestic Product (GDP) for the upcoming fiscal year, and it is among the most closely awaited data sets ahead of the budget. It provides critical insights into the country's economic situation. Also Read| Budget 2022: Why has the halwa ceremony been dropped this year?,According to the National Statistical Office's (NSO's) preliminary projections, India's GDP would grow at 9.2% during the current fiscal year, which is somewhat below the Reserve Bank's (RBI) projection of 9.5%. Each Economic Survey has a theme. The topic last year was saving lives and livelihoods. The Economic Survey was pink in 2017-18 since the topic was women's empowerment.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"['economic survey 2022', ' budget survey', 'economic survey importance']","originalPublishedOn":"2022-01-31T12:12:01+05:30"}},{"node":{"id":"dI9PaoEIyCTo","slug":"english/who-is-venkatraman-anantha-nageswaran","slugV2":"business/who-is-venkatraman-anantha-nageswaran-258167/","title":"Who is Venkatraman Anantha Nageswaran, India's new Chief Economic Advisor?","postType":1,"coverMedia":"https://images.opoyi.net/opoyi_MfLFjgK8U.jpg","coverCaption":"India's new Chief Economic Advisor V Anantha Nageswaran. (Photo credit: VIF India)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-01-28T20:38:14+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eNageswaran is an academic and a former executive of the\u0026nbsp;Credit Suisse Group AG and Julius Baer Group\u003c/li\u003e\n \u003cli\u003eNageswaran has previously worked as an author, teacher and consultant\u003c/li\u003e\n \u003cli\u003eHe graduated with a Post-Graduate Diploma in Management (MBA) degree from IIM, Ahmedabad in 1985\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1643382494126,\\\"strCount\\\":2977,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Venkatraman Anantha Nageswaran was on Friday \u003ca href=\\\\\\\"https://opoyi.com/india/v-anantha-nageswaran-appointed-the-new-chief-economic-advisor-439091/\\\\\\\"\u003eappointed as India's new Chief Economic Advisor\u003c/a\u003e. This comes days before Economic Survey on January 31 and the \u003ca href=\\\\\\\"https://opoyi.com/topics/unionbudget2022/\\\\\\\"\u003eUnion Budget\u003c/a\u003e presentation on February 1.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"The Government has appointed Dr V Anantha Nageswaran as the Chief Economic Advisor and today he has assumed charge,\\\\\\\" the Finance Ministry said in a statement.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read |\u0026nbsp;\u003c/b\u003e\u003ca href=\\\\\\\"https://opoyi.com/india/budget-2022-banks-body-seeks-reduction-of-tax-free-fd-tenure-to-3-years-101974/\\\\\\\"\u003eBudget 2022: Banks' body seeks reduction of tax-free FD tenure to 3 years\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Nageswaran, who is an academic and a former executive of the\u0026nbsp;Credit Suisse Group AG and Julius Baer Group, succeeds CEA KV Subramanian - whose three-year tenure ended in December.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"His appointment comes when the Indian economy is slowly recovering from the crippling consequnces of COVID-19 but faces fresh challenges as new waves of the virus keep emerging.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read |\u0026nbsp;\u003c/b\u003e\u003ca href=\\\\\\\"https://opoyi.com/business/budget-2022-heres-what-consumer-electronics-makers-expect-550247/\\\\\\\"\u003eBudget 2022: Here's what consumer electronics makers expect\u003c/a\u003e\u0026nbsp;\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The CEA is a secretary-level rank in the Ministry of Finance. The officer is usually the architect of the annual economic survey. This year, it is being prepared by the principal economic advisor and other officials.\u0026nbsp;The Economic Survey will be tabled in Parliament on January 31.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eWho is V Anatha Nageswaran?\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Nageswaran has previously worked as an author, teacher and consultant.\u0026nbsp;He has taught at several business schools and institutes of management in India and in Singapore and has published extensively.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read |\u0026nbsp;\u003c/b\u003e\u003ca href=\\\\\\\"https://opoyi.com/india/budget-2022-assocham-seeks-reduction-of-customs-duty-on-copper-concentrate-277067/\\\\\\\"\u003eBudget 2022: Assocham seeks reduction of customs duty on copper concentrate\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"He graduated with a Post-Graduate Diploma in Management (MBA) degree from the Indian Institute of Management, Ahmedabad in 1985. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"He then obtained a doctoral degree in Finance from the University of Massachusetts in 1994 for his work on the empirical behaviour of exchange rates.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read |\u0026nbsp;\u003c/b\u003e\u003ca href=\\\\\\\"https://opoyi.com/india/budget-2022-why-has-the-halwa-ceremony-been-dropped-this-year-513837/\\\\\\\"\u003eBudget 2022: Why has the halwa ceremony been dropped this year?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"He was the Dean of the IFMR Graduate School of Business and a distinguished Visiting Professor of Economics at Krea University.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Nageswaran helped co-found the Takshashila Institution, an independent centre for research and education in public policy and helped launch the first impact investment fund of the Aavishkaar Group in 2001.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"He has also been a part-time member of the Economic Advisory Council to the Prime Minister of India from 2019 to 2021.\\\"}}]}","relatedPosts":null,"location":{"name":"New Delhi, Delhi, India"},"createdBy":{"name":"Shubham Banerjee","photo":null,"username":"shubham","id":"yMKOA5Bszkxu","role":null},"topics":[{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0},{"name":"IndianEconomy","slug":"indianeconomy","id":"kzdkEBmiyLAT","isSection":0},{"name":"IndiaNews","slug":"indianews","id":"hmzqkpDB7jEj","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"MinistryofFinance","slug":"ministryoffinance","id":"1k7T1BGY2iOd","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Shubham Banerjee","id":"yMKOA5Bszkxu","username":"shubham","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-01-28T20:20:16+05:30","publisher":0,"sourceFeed":null,"cleanText":"Venkatraman Anantha Nageswaran was on Friday appointed as India's new Chief Economic Advisor. This comes days before Economic Survey on January 31 and the Union Budget presentation on February 1. ,The Government has appointed Dr V Anantha Nageswaran as the Chief Economic Advisor and today he has assumed charge, the Finance Ministry said in a statement. ,Also Read | Budget 2022: Banks' body seeks reduction of tax-free FD tenure to 3 years,Nageswaran, who is an academic and a former executive of the Credit Suisse Group AG and Julius Baer Group, succeeds CEA KV Subramanian - whose three-year tenure ended in December. ,His appointment comes when the Indian economy is slowly recovering from the crippling consequnces of COVID-19 but faces fresh challenges as new waves of the virus keep emerging. ,Also Read | Budget 2022: Here's what consumer electronics makers expect ,The CEA is a secretary-level rank in the Ministry of Finance. The officer is usually the architect of the annual economic survey. This year, it is being prepared by the principal economic advisor and other officials. The Economic Survey will be tabled in Parliament on January 31. ,Who is V Anatha Nageswaran?,Nageswaran has previously worked as an author, teacher and consultant. He has taught at several business schools and institutes of management in India and in Singapore and has published extensively. ,Also Read | Budget 2022: Assocham seeks reduction of customs duty on copper concentrate,He graduated with a Post-Graduate Diploma in Management (MBA) degree from the Indian Institute of Management, Ahmedabad in 1985. ,He then obtained a doctoral degree in Finance from the University of Massachusetts in 1994 for his work on the empirical behaviour of exchange rates. Also Read | Budget 2022: Why has the halwa ceremony been dropped this year?,He was the Dean of the IFMR Graduate School of Business and a distinguished Visiting Professor of Economics at Krea University. Nageswaran helped co-found the Takshashila Institution, an independent centre for research and education in public policy and helped launch the first impact investment fund of the Aavishkaar Group in 2001. He has also been a part-time member of the Economic Advisory Council to the Prime Minister of India from 2019 to 2021.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"28.6139","longitude":"77.209","name":"New Delhi, Delhi, India","city":"Delhi"},"keywords":"['V Anantha Nageswaran', 'Chief Economic Advisor', 'Union Budget', 'Economic Survey']","originalPublishedOn":"2022-01-28T20:20:16+05:30"}},{"node":{"id":"N7uABchhNPgl","slug":"english/v-anantha-nageswaran-appointed-the-new-chief-economic-advisor","slugV2":"india/v-anantha-nageswaran-appointed-the-new-chief-economic-advisor-439091/","title":"V Anantha Nageswaran appointed the new Chief Economic Advisor","postType":1,"coverMedia":"https://images.opoyi.net/opoyi_635pNgm0e.jpg","coverCaption":"V Anantha Nageswaran appointed as the new Chief Economic Advisor. (Photo credit: VIF India)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-01-28T19:37:57+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eVenkatraman Anantha Nageswaran has been named the next Chief Economic Advisor by the government\u003c/li\u003e\n \u003cli\u003eNageswaran started his new job at the Finance Ministry on Friday\u003c/li\u003e\n \u003cli\u003eThe appointment comes just days before the Economic Survey for 2021-22 is released (on January 31) and the Union Budget for 2022-23 is presented (on February 1)\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1643378877770,\\\"strCount\\\":1647,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Venkatraman Anantha Nageswaran has been named the next Chief Economic Advisor by the government. According to an official release, Nageswaran started his new job at the Finance Ministry on Friday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/budget-2022-steel-industry-demands-duty-reduction-policy-measures-199791/\\\\\\\"\u003eBudget 2022: Steel Industry demands duty reduction, policy measures\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Nageswaran's appointment comes just days before the Economic Survey for 2021-22 is released (on January 31) and the Union \u003ca href=\\\\\\\"https://opoyi.com/business/budget-2022-heres-what-consumer-electronics-makers-expect-550247/\\\\\\\"\u003eBudget\u003c/a\u003e for 2022-23 is presented (on February 1). Nageswaran succeeds Krishnamurthy Subramanian, who returned to academia following a three-year stint as CEA in December.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“It is still not decided if Nageswaran will attend the customary post-Economic Survey media briefing, as he was not involved in making it,” a senior official said. A team led by Principal Economic Advisor Sanjeev Sanyal developed the forthcoming Survey.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/budget-2022-travel-agents-body-seeks-one-india-one-tourism-approach-467213/\\\\\\\"\u003eBudget 2022: Travel agents' body seeks 'One India One Tourism' approach\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Nageswaran was a Visiting Professor of Economics at Krea University and the Dean of the IFMR Graduate School of Business until recently. From 2019 to 2021, he was also a part-time member of India's Prime Minister's Economic Advisory Council.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Nageswaran has a Post-Graduate Diploma in Management from the Indian Institute of Management in Ahmedabad, as well as a doctorate from the University of Massachusetts in Amherst.\\\"}}]}","relatedPosts":null,"location":{"name":"New Delhi, Delhi, India"},"createdBy":{"name":"Sucharita Ganguly","photo":null,"username":"sucharita","id":"z7GDvieuoSxc","role":null},"topics":[{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"Government","slug":"government","id":"ye1oJN00mHxc","isSection":0},{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0},{"name":"Budget2022","slug":"budget2022","id":"3RaCVnHLhZfF","isSection":0},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","isSection":0},{"name":"FinanceMinister","slug":"financeminister","id":"2LoDl0O1HC54","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Sucharita Ganguly","id":"z7GDvieuoSxc","username":"sucharita","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-01-28T19:02:39+05:30","publisher":0,"sourceFeed":null,"cleanText":"Venkatraman Anantha Nageswaran has been named the next Chief Economic Advisor by the government. According to an official release, Nageswaran started his new job at the Finance Ministry on Friday. Also read: Budget 2022: Steel Industry demands duty reduction, policy measures,Nageswaran's appointment comes just days before the Economic Survey for 2021-22 is released (on January 31) and the Union Budget for 2022-23 is presented (on February 1). Nageswaran succeeds Krishnamurthy Subramanian, who returned to academia following a three-year stint as CEA in December. “It is still not decided if Nageswaran will attend the customary post-Economic Survey media briefing, as he was not involved in making it,” a senior official said. A team led by Principal Economic Advisor Sanjeev Sanyal developed the forthcoming Survey. Also read: Budget 2022: Travel agents' body seeks 'One India One Tourism' approach,Nageswaran was a Visiting Professor of Economics at Krea University and the Dean of the IFMR Graduate School of Business until recently. From 2019 to 2021, he was also a part-time member of India's Prime Minister's Economic Advisory Council. Nageswaran has a Post-Graduate Diploma in Management from the Indian Institute of Management in Ahmedabad, as well as a doctorate from the University of Massachusetts in Amherst.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"28.6139","longitude":"77.209","name":"New Delhi, Delhi, India","city":"Delhi"},"keywords":"['Venkatraman Anantha Nageswaran', 'chief economic advisor', 'CEA', 'Krishnamurthy Subramanian', 'finance ministry', 'Union Budget', 'Economic Survey']","originalPublishedOn":"2022-01-28T19:02:39+05:30"}},{"node":{"id":"F4i1BymFrJha","slug":"english/budget-2022-james-wilson-man-who-presented-indias-first-budget","slugV2":"india/budget-2022-james-wilson-man-who-presented-indias-first-budget-288746/","title":"Budget 2022: James Wilson, man who presented India's first budget","postType":1,"coverMedia":"https://images.opoyi.net/opoyi_FkYWGUxgi.jpg","coverCaption":"Wilson was well known in England for his knowledge of economic theory (Photo Credit: Twitter/thoughtland)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-01-22T17:45:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eWilson presented the first-ever budget in India in 1860\u003c/li\u003e\n \u003cli\u003eHe introduced a financial budget\u0026nbsp;based upon the English model\u003c/li\u003e\n \u003cli\u003eWilson was a liberal and strong proponent of the policy of laissez faire\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1642849122864,\\\"strCount\\\":3461,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In 1859, when the British Crown was\\\\nstill recovering from the mutiny of the 1857 revolt, it appointed a Scottish\\\\nbusinessman to find a solution to India’s financial crisis.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Wilson was the founder of The Economist\\\\nNewspaper and was well known in England for his knowledge of economic theory\\\\nand policy, including the practical knowledge of commercial affairs. Karl Marx\\\\nhad described Wilson as ‘an economic mandarin of high standing’ in his\\\\n‘Capital’.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/budget-2022-key-financial-terms-you-should-know-410138/\\\\\\\"\u003eBudget 2022: Key financial terms you should know\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Wilson presented the first-ever \u003ca href=\\\\\\\"https://opoyi.com/topics/unionbudget2022/\\\\\\\"\u003ebudget\u003c/a\u003e\\\\nin India in 1860. He introduced a financial budget\u0026nbsp;based upon the English\\\\nmodel. Although Wilson was criticized for not considering the Indian\\\\nconditions, he set the foundations of how many economic institutions in India\\\\nwould go on to function.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/budget-2022-infra-sector-expects-investment-push-for-npe-make-in-india-668270/\\\\\\\"\u003eBudget 2022: Infra sector expects investment push for NPE, Make-in-India\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Wilson was born in 1805 in Hawick, a\\\\nsmall border town in Scotland, to a Quaker family. He became an apprentice at a\\\\nhat factory at the age of 16. His father was a wool manufacturer and went on to\\\\nbuy a factory for Wilson and his brother. During the 1837 economic crisis,\\\\nWilson lost most of his wealth and sold his assets to avoid bankruptcy. In\\\\n1853, he founded the Chartered Bank of India, Australia, and China, which later\\\\nbecame the Standard Chartered Bank in 1969.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/budget-2022-likely-to-rein-in-inflationary-expectations-172464/\\\\\\\"\u003eBudget 2022 likely to rein in inflationary expectations\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Wilson first came to India on November\\\\n28, 1859, and he was appointed finance member in Viceroy Lord Canning's\\\\ncouncil. The British government ruling India then was facing a huge financial\\\\ncrisis. To resolve the issue Wilson introduced major institutional changes and\\\\ndecided to ensure the influence of economic principles in the financial\\\\nmanagement of India. He made several proposals such as taxing the trading\\\\nclasses, a government-approved paper currency, reforming the financial\\\\nstructure with budgets, estimates, and auditing. He demanded the creation of\\\\ncivil police and a department for public works and roads. Wilson also set up a\\\\nmilitary finance commission and a civil finance commission.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/health/budget-2022-health-sector-seeks-investment-push-426206/\\\\\\\"\u003eBudget 2022: Health sector seeks investment push\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Wilson presented his budget on February\\\\n18, 1860, in which he introduced three types of taxes – income tax, licence\\\\ntax, and tobacco duty. However, Charles Canning was ordered to drop the licence\\\\ntax and tobacco duty. The income tax act was criticised by zamindars and led to\\\\na huge controversy. In terms of ideology, Wilson was a liberal and strong\\\\nproponent of the policy of laissez faire. He was also seen as someone with a\\\\ndeep knowledge of how the market worked.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/technology/budget-2022-online-gaming-industry-seeks-regulatory-clarity-and-lower-tax-rates-113118/\\\\\\\"\u003eBudget 2022: Online gaming industry seeks regulatory clarity and lower tax rates\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Wilson died\\\\nin 1860, after having contracted dysentery in the scorching heat of Calcutta.\\\\nHe was discreetly buried at the Scottish cemetery in Mullick Bazaar in\\\\nCalcutta.\\\"}}]}","relatedPosts":null,"location":{"name":"Delhi, India"},"createdBy":{"name":"Devanshu Singla","photo":null,"username":"devanshu","id":"tsxWjhDTYvrx","role":null},"topics":[{"name":"UnionBudget2022","slug":"unionbudget2022","id":"n69K8p1NoheC","isSection":0},{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"BudgetSession","slug":"budgetsession","id":"Rd7xKkKGwPMz","isSection":0},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","isSection":0},{"name":"British","slug":"british","id":"K4VzcWCbTUbp","isSection":0},{"name":"FinanceMinister","slug":"financeminister","id":"2LoDl0O1HC54","isSection":0},{"name":"NirmalaSitharaman","slug":"nirmalasitharaman","id":"lrmXa26Ltafh","isSection":0},{"name":"IndianEconomy","slug":"indianeconomy","id":"kzdkEBmiyLAT","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-01-22T17:45:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"In 1859, when the British Crown was still recovering from the mutiny of the 1857 revolt, it appointed a Scottish businessman to find a solution to India’s financial crisis. Wilson was the founder of The Economist Newspaper and was well known in England for his knowledge of economic theory and policy, including the practical knowledge of commercial affairs. Karl Marx had described Wilson as ‘an economic mandarin of high standing’ in his ‘Capital’. Also Read | Budget 2022: Key financial terms you should know,Wilson presented the first-ever budget in India in 1860. He introduced a financial budget based upon the English model. Although Wilson was criticized for not considering the Indian conditions, he set the foundations of how many economic institutions in India would go on to function. Also Read | Budget 2022: Infra sector expects investment push for NPE, Make-in-India,Wilson was born in 1805 in Hawick, a small border town in Scotland, to a Quaker family. He became an apprentice at a hat factory at the age of 16. His father was a wool manufacturer and went on to buy a factory for Wilson and his brother. During the 1837 economic crisis, Wilson lost most of his wealth and sold his assets to avoid bankruptcy. In 1853, he founded the Chartered Bank of India, Australia, and China, which later became the Standard Chartered Bank in 1969. Also Read | Budget 2022 likely to rein in inflationary expectations,Wilson first came to India on November 28, 1859, and he was appointed finance member in Viceroy Lord Canning's council. The British government ruling India then was facing a huge financial crisis. To resolve the issue Wilson introduced major institutional changes and decided to ensure the influence of economic principles in the financial management of India. He made several proposals such as taxing the trading classes, a government-approved paper currency, reforming the financial structure with budgets, estimates, and auditing. He demanded the creation of civil police and a department for public works and roads. Wilson also set up a military finance commission and a civil finance commission. Also Read | Budget 2022: Health sector seeks investment push,Wilson presented his budget on February 18, 1860, in which he introduced three types of taxes – income tax, licence tax, and tobacco duty. However, Charles Canning was ordered to drop the licence tax and tobacco duty. The income tax act was criticised by zamindars and led to a huge controversy. In terms of ideology, Wilson was a liberal and strong proponent of the policy of laissez faire. He was also seen as someone with a deep knowledge of how the market worked. Also Read | Budget 2022: Online gaming industry seeks regulatory clarity and lower tax rates,Wilson died in 1860, after having contracted dysentery in the scorching heat of Calcutta. He was discreetly buried at the Scottish cemetery in Mullick Bazaar in Calcutta.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"28.6863","longitude":"77.2218","name":"Delhi, India","city":"Delhi"},"keywords":"['union budget', ' first budget of india', ' james wilson', ' wilson', ' james wilson economist', ' british economists', ' karl marx', ' indian economy', 'the economist', 'standard chartered bank']","originalPublishedOn":"2022-01-22T17:45:00+05:30"}},{"node":{"id":"9n7i0kGkktOA","slug":"english/budget-2022-all-you-need-to-know-about-the-three-types-of-budgets","slugV2":"india/budget-2022-all-you-need-to-know-about-the-three-types-of-budgets-190091/","title":"Budget 2022: All you need to know about the three types of budgets","postType":1,"coverMedia":"/opoyi_KBPRkcfUA.jpg","coverCaption":"The budget informs the public about the current state of the economy (Photo Credit: Representational/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-01-22T17:15:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eIn India, the budgets are of three types\u003c/li\u003e\n \u003cli\u003eBalanced budget is an ideal approach to achieve a balanced economy\u003c/li\u003e\n \u003cli\u003eSurplus Budget highlights the financial affluence of a country\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1642849102826,\\\"strCount\\\":3963,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"A Union Budget, often known as an annual financial statement, highlights the estimated government expenditure and receipts or revenues for the next financial year. The \u003ca href=\\\\\\\"https://opoyi.com/topics/unionbudget2022/\\\\\\\"\u003ebudget\u003c/a\u003e also reflects the government’s balance sheet and informs the public about the current state of the economy. In India, the budgets are of three types – a balanced budget, surplus budget and deficit budget.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/budget-2022-key-financial-terms-you-should-know-410138/\\\\\\\"\u003eBudget 2022: Key financial terms you should know\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eHere we have briefly explained all the three types of government budgets:\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eBALANCED BUDGET\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"If the estimated government expenditure is equal to expected government receipts in a particular financial year then the budget is said to be balanced. According to several classical economists, this type of budget is based on the principle of living within one's means. Most economists believe that while it is easy to balance\u0026nbsp; estimated expenditure and revenue this balance is tough to achieve when it comes to implementation.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/budget-2022-fintech-industry-seeks-easy-tax-regime-and-liquidity-support-589945/\\\\\\\"\u003eBudget 2022: Fintech industry seeks easy tax regime and liquidity support\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"A balanced budget is an ideal approach to achieve a balanced economy and maintain fiscal balance but it doesn’t ensure financial stability in times of economic depression or deflation. Practically, such a balanced budget is hard to achieve.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The greatest merit of this type of budget is that it prevents wasteful expenditure by the government. However, one of its demerits is it can limit the scope of the government’s welfare activities and hamper the process of economic growth.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/budget-2022-jewellery-council-seeks-import-duty-cut-on-precious-metals-440528/\\\\\\\"\u003eBudget 2022: Jewellery council seeks import duty cut on precious metals\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSURPLUS BUDGET\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"A budget is in surplus when\u0026nbsp; projected government revenue exceeds\u0026nbsp; estimated government expenditure in a particular fiscal year. The surplus budget shows that the government’s income from taxes levied is higher than the government’s expenditure on public welfare. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/budget-2022-all-you-need-to-know-about-halwa-ceremony\\\\\\\"\u003eBudget 2022: All you need to know about halwa ceremony\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"It highlights the financial affluence of a country which means that these funds can be allocated to pay dues, which reduces the interest payable and helps the economy in the long run.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Such a budget can be implemented at times of inflation to reduce aggregate demand. A surplus budget is not a suitable option during situations when there is deflation, slowdown or recession.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/education/budget-2022-education-sector-seeks-higher-allocations-tax-concessions-193108/\\\\\\\"\u003eBudget 2022: Education sector seeks higher allocations, tax concessions\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eDEFICIT BUDGET\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"If estimated government expenditure exceeds projected government earnings in a particular fiscal year\u0026nbsp; the budget is said to be in deficit. It is highly suitable for developing economies, such as India. During a recession, a deficit budget helps generate additional demand and push the economic growth rate.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to economist John Maynard Keynes, a deficit budget is the proper way to address the issues of under-employment and unemployment.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/budget-2022-infra-sector-expects-investment-push-for-npe-make-in-india-668270/\\\\\\\"\u003eBudget 2022: Infra sector expects investment push for NPE, Make-in-India\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The government’s spending on employment generation leads to an increase in demand for goods and services, which helps in reviving the economy. The government covers this expense through public borrowings or by drawing from its accumulated reserve surplus.\\\"}}]}","relatedPosts":null,"location":{"name":"Delhi, India"},"createdBy":{"name":"Devanshu Singla","photo":null,"username":"devanshu","id":"tsxWjhDTYvrx","role":null},"topics":[{"name":"UnionBudget2022","slug":"unionbudget2022","id":"n69K8p1NoheC","isSection":0},{"name":"BudgetSession","slug":"budgetsession","id":"Rd7xKkKGwPMz","isSection":0},{"name":"NirmalaSitharaman","slug":"nirmalasitharaman","id":"lrmXa26Ltafh","isSection":0},{"name":"FinanceMinister","slug":"financeminister","id":"2LoDl0O1HC54","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"IndianEconomy","slug":"indianeconomy","id":"kzdkEBmiyLAT","isSection":0},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","isSection":0},{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0},{"name":"FinancialYear","slug":"financialyear","id":"OkUgXWNcwU5v","isSection":0},{"name":"Government","slug":"government","id":"ye1oJN00mHxc","isSection":0},{"name":"Revenue","slug":"revenue","id":"42tMSZK0et1I","isSection":0},{"name":"Inflation","slug":"inflation","id":"cJVqnLe20t8S","isSection":0},{"name":"Recession","slug":"recession","id":"kTF38sWsaB2Q","isSection":0},{"name":"Depression","slug":"depression","id":"Z68QcrTFIJoh","isSection":0},{"name":"GDP","slug":"gdp","id":"sdLvX0aD0qHh","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-01-22T17:15:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"A Union Budget, often known as an annual financial statement, highlights the estimated government expenditure and receipts or revenues for the next financial year. The budget also reflects the government’s balance sheet and informs the public about the current state of the economy. In India, the budgets are of three types – a balanced budget, surplus budget and deficit budget. ,Also Read | Budget 2022: Key financial terms you should know,Here we have briefly explained all the three types of government budgets:,BALANCED BUDGET,If the estimated government expenditure is equal to expected government receipts in a particular financial year then the budget is said to be balanced. According to several classical economists, this type of budget is based on the principle of living within one's means. Most economists believe that while it is easy to balance estimated expenditure and revenue this balance is tough to achieve when it comes to implementation. ,Also Read | Budget 2022: Fintech industry seeks easy tax regime and liquidity support,A balanced budget is an ideal approach to achieve a balanced economy and maintain fiscal balance but it doesn’t ensure financial stability in times of economic depression or deflation. Practically, such a balanced budget is hard to achieve. The greatest merit of this type of budget is that it prevents wasteful expenditure by the government. However, one of its demerits is it can limit the scope of the government’s welfare activities and hamper the process of economic growth. Also Read | Budget 2022: Jewellery council seeks import duty cut on precious metals,SURPLUS BUDGET,A budget is in surplus when projected government revenue exceeds estimated government expenditure in a particular fiscal year. The surplus budget shows that the government’s income from taxes levied is higher than the government’s expenditure on public welfare. ,Also Read | Budget 2022: All you need to know about halwa ceremony,It highlights the financial affluence of a country which means that these funds can be allocated to pay dues, which reduces the interest payable and helps the economy in the long run. Such a budget can be implemented at times of inflation to reduce aggregate demand. A surplus budget is not a suitable option during situations when there is deflation, slowdown or recession. ,Also Read | Budget 2022: Education sector seeks higher allocations, tax concessions,DEFICIT BUDGET,If estimated government expenditure exceeds projected government earnings in a particular fiscal year the budget is said to be in deficit. It is highly suitable for developing economies, such as India. During a recession, a deficit budget helps generate additional demand and push the economic growth rate. According to economist John Maynard Keynes, a deficit budget is the proper way to address the issues of under-employment and unemployment. Also Read | Budget 2022: Infra sector expects investment push for NPE, Make-in-India,The government’s spending on employment generation leads to an increase in demand for goods and services, which helps in reviving the economy. The government covers this expense through public borrowings or by drawing from its accumulated reserve surplus.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"28.6863","longitude":"77.2218","name":"Delhi, India","city":"Delhi"},"keywords":"['union budget 2022', ' budget 2022', ' union budget ', ' budget', ' types of budget', ' balanced budget', ' deficit budget', ' surplus budget', ' inflation', ' economics', ' deflation', ' enonomist', ' keynes', ' government revenue', ' capital expenditur","originalPublishedOn":"2022-01-22T17:15:00+05:30"}},{"node":{"id":"0uTQJfaIPj4E","slug":"english/despite-key-win-venezuelas-opposition-split-over-strategy","slugV2":"world/despite-key-win-venezuelas-opposition-split-over-strategy-107875/","title":"Despite key win, Venezuela's opposition split over strategy","postType":1,"coverMedia":"/opoyi_OQpmthkRf.jpg","coverCaption":"Supporters of opposition candidate for governor, Sergio Garrido, rally in Barinas, Venezuela. (Photo Credit: AP)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2022-01-22T12:46:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eVoters like Monzón who contributed to that win see ballots as a tool for the change they crave\u003c/li\u003e\n \u003cli\u003eTwice in less than two months, the opposition shocked the ruling socialist party by prevailing in Barinas\u003c/li\u003e\n \u003cli\u003eNovember's state and local elections were the first in years in which most major opposition parties participated\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1642835236676,\\\"strCount\\\":3905,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Iglenda Monzón lost her restaurant to Venezuela’s protracted economic crisis. Her daughters then emigrated to Colombia to find work and left behind two children. She and the boys sometimes go hungry and often do not have running water, electricity or gas.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Theirs is a common tale across the troubled South American country, and like millions of others desperate for a change, Monzón voted in the country’s recent regional elections.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/venezuela-elections-chavismo-cradle-barinas-picking-new-gov-in-vote-re-do-126636/\\\\\\\"\u003eVenezuela Elections: Chavismo cradle Barinas picking new gov in vote re-do\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Her ballot contributed to a deeply symbolic opposition win in the heartland of the ruling socialist party. But just by casting a ballot, she stepped into the most divisive issue for parties seeking a new government — whether or not to take part in elections most see as deeply unfair.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The gubernatorial victory in the northwest state of Barinas — where the late President Hugo Chávez was born and his family governed for more than two decades — has been celebrated by the opposition.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/venezuela-votes-in-regional-election-under-international-eye-159743/\\\\\\\"\u003eVenezuela votes in regional election under international eye\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Voters like Monzón who contributed to that win see ballots as a tool for the change they crave.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“(Change) is by vote, it is the decision of the people.... Those are our weapons: the vote. They are the only weapons that we, the opposition, have,” Monzón, 46, said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"But the victory hasn't convinced skeptics who doubt the value of participating in contests that most independent monitors still see as profoundly tilted in favor of President Nicolás Maduro's government.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/quad-summit-in-first-half-of-2022-to-be-held-after-australian-elections-in-may-report-668651/\\\\\\\"\u003eQuad Summit in first half of 2022, to be held after Australian elections in May: Report\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Twice in less than two months, the opposition shocked the ruling socialist party by prevailing in Barinas. Sergio Garrido, a local leader unknown to most of the country, won a special election held on Jan. 9 after Venezuela’s highest court retroactively disqualified the opposition contender in November’s regular contest as he was leading in the vote count.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"November's state and local elections were the first in years in which most major opposition parties participated. The outcome underscored the opposition's dilemma: The government finally accepted a loss in Barinas, but only after it had claimed victory in most other contests nationwide and only after it made things as hard as possible on its rivals.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/donald-trumps-draft-order-called-for-seizing-voting-machines-after-poll-defeat-report-413710/\\\\\\\"\u003eTrump's draft order called for seizing voting machines after poll defeat: Report\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Electoral authorities first let opposition candidate Freddy Superlano participate in Barinas, then the high court disqualified him just as it appeared he had won. His wife, who was chosen as his successor, was also ruled ineligible. So was her substitute. The previously obscure Garrido finally was allowed to stand.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The main opposition coalition, the “Unitary Platform” led by Juan Guaidó, boycotted previous elections, including the reelection of Maduro as president in May 2018, arguing that Venezuela lacks the conditions for free and just voting.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/texas-hostages-escaped-synagogue-as-fbi-swat-team-rushed-in-628607/\\\\\\\"\u003eTexas hostages escaped synagogue as FBI SWAT team rushed in\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Government loyalists dominate the electoral authority and courts, which have frequently barred or prosecuted leaders challenging Maduro. And after the government lost control of congress in 2015, officials moved to create a new super-legislature to overrule it.\\\"}}]}","relatedPosts":null,"location":{"name":"Barinas, Venezuela"},"createdBy":{"name":"Ajay Joseph","photo":null,"username":"ajay4396","id":"LFYsY6JozEMx","role":null},"topics":[{"name":"Venezuela","slug":"venezuela","id":"pHCFYE8u237o","isSection":0},{"name":"Election","slug":"election","id":"tS56lcuz9H09","isSection":0},{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1},{"name":"Colombia","slug":"colombia","id":"pqKB0xovgx7r","isSection":0},{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"AP","id":"8dFR8PhLJl4s","username":"associatedpress","role":8,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2022-01-22T12:45:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"Iglenda Monzón lost her restaurant to Venezuela’s protracted economic crisis. Her daughters then emigrated to Colombia to find work and left behind two children. She and the boys sometimes go hungry and often do not have running water, electricity or gas. Theirs is a common tale across the troubled South American country, and like millions of others desperate for a change, Monzón voted in the country’s recent regional elections. Also read: Venezuela Elections: Chavismo cradle Barinas picking new gov in vote re-do,Her ballot contributed to a deeply symbolic opposition win in the heartland of the ruling socialist party. But just by casting a ballot, she stepped into the most divisive issue for parties seeking a new government — whether or not to take part in elections most see as deeply unfair. The gubernatorial victory in the northwest state of Barinas — where the late President Hugo Chávez was born and his family governed for more than two decades — has been celebrated by the opposition. Also read: Venezuela votes in regional election under international eye,Voters like Monzón who contributed to that win see ballots as a tool for the change they crave. “(Change) is by vote, it is the decision of the people.... Those are our weapons: the vote. They are the only weapons that we, the opposition, have,” Monzón, 46, said. But the victory hasn't convinced skeptics who doubt the value of participating in contests that most independent monitors still see as profoundly tilted in favor of President Nicolás Maduro's government. Also read: Quad Summit in first half of 2022, to be held after Australian elections in May: Report,Twice in less than two months, the opposition shocked the ruling socialist party by prevailing in Barinas. Sergio Garrido, a local leader unknown to most of the country, won a special election held on Jan. 9 after Venezuela’s highest court retroactively disqualified the opposition contender in November’s regular contest as he was leading in the vote count. November's state and local elections were the first in years in which most major opposition parties participated. The outcome underscored the opposition's dilemma: The government finally accepted a loss in Barinas, but only after it had claimed victory in most other contests nationwide and only after it made things as hard as possible on its rivals. Also read: Trump's draft order called for seizing voting machines after poll defeat: Report,Electoral authorities first let opposition candidate Freddy Superlano participate in Barinas, then the high court disqualified him just as it appeared he had won. His wife, who was chosen as his successor, was also ruled ineligible. So was her substitute. The previously obscure Garrido finally was allowed to stand. The main opposition coalition, the “Unitary Platform” led by Juan Guaidó, boycotted previous elections, including the reelection of Maduro as president in May 2018, arguing that Venezuela lacks the conditions for free and just voting. Also read: Texas hostages escaped synagogue as FBI SWAT team rushed in,Government loyalists dominate the electoral authority and courts, which have frequently barred or prosecuted leaders challenging Maduro. And after the government lost control of congress in 2015, officials moved to create a new super-legislature to overrule it.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"8.6231","longitude":"-70.2371","name":"Barinas, Venezuela","city":"Barinas"},"keywords":"['Venezuela', ' Election', ' World', ' Colombia', ' Economics']","originalPublishedOn":"2022-01-22T12:45:00+05:30"}},{"node":{"id":"pLVLn9JAIDDc","slug":"nobel-prize-2021-full-list-of-awardees-this-year","slugV2":"india/nobel-prize-2021-full-list-of-awardees-this-year-484473/","title":"Nobel Prize 2021: Full list of awardees this year","postType":1,"coverMedia":"https://ik.imagekit.io/o8plo3y5if/opoyi_X1bCsH4xouT.jpg","coverCaption":"The Nobel Prize was instituted in the memory of Sir Alfred Nobel in the year 1895. (Photo credit: AP)","reactionStats":"{\"sad_count\": 0, \"like_count\": 1.0, \"angry_count\": 0, \"laugh_count\": 0, \"heartbreak_count\": 0}","updatedOn":"2021-10-17T09:25:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe Nobel Prize 2021 for Physics went to Giorgio Parisi, Syukuro Manabe\u0026nbsp;and\u0026nbsp;Klaus Hasselmann\u003c/li\u003e\n \u003cli\u003eThe Nobel Peace Prize 2021 went to Maria Ressa and\u0026nbsp;Dmitry Muratov\u003c/li\u003e\n \u003cli\u003eNobel Memorial Prize for Economic Sciences was awarded to David Card, Joshua D. Angrist and Guido W. Imbens\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":1,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1634441945335,\\\"strCount\\\":7065,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/topics/nobelprize/\\\\\\\"\u003eNobel Prizes\u003c/a\u003e are awarded in the fields of physics, chemistry, physiology/medicine, peace, literature, and economics. The Nobel Prize was instituted in the memory of Sir Alfred Nobel in the year 1895.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"From 1901 to 2021, the Nobel Prizes and the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel were awarded 609 times to 975 people and institutions. Below, you can view the full list of Nobel Prizes and Nobel Prize laureates.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Here is the list of Nobel Prizes and Nobel Prize laureates for the year 2021:\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eThe Nobel Prize in Physics 2021\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Giorgio\\\\nParisi, Syukuro\\\\nManabe\u0026nbsp;and\u0026nbsp;Klaus\\\\nHasselmann have been awarded “for groundbreaking contributions to\\\\nour understanding of complex systems”.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Syukuro Manabe\u0026nbsp;and\u0026nbsp;Klaus Hasselmann\u0026nbsp;have been awarded for the physical modeling of Earth’s climate, quantifying variability, and reliably predicting global warming.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Giorgio Parisi\u0026nbsp;“for the discovery of the interplay of disorder and fluctuations in physical systems from atomic to planetary scales”.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/who-is-giorgio-parisi?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eGiorgio Parisi\u003c/a\u003e is an Italian physicist. He has research works on quantum field theory, statistical mechanics, and complex systems.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/who-is-syukuro-manabe?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eSyukuro Manabe\u003c/a\u003e is a meteorologist and climatologist. He worked on the use of computers to simulate global climate change and natural climate variations.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/who-is-klaus-hasselmann?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eKlaus Ferdinand Hasselmann\u003c/a\u003e is a renowned German oceanographer and climate modeler.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/syukuro-manabe-klaus-hasselmann-and-giorgio-parisi-win-nobel-prize-in-physics?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eSyukuro Manabe, Klaus Hasselmann and Giorgio Parisi win Nobel Prize in Physics\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eThe Nobel Prize in Chemistry 2021\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Benjamin List and David MacMillan have been awarded for the development of asymmetric organocatalysis.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/who-is-benjamin-list?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eBenjamin List\u003c/a\u003e is a German Chemist. He co-developed organocatalysis, a method of accelerating chemical reactions and making them more efficient.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/who-is-david-macmillan?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eDavid MacMillan\u003c/a\u003e is a Scottish chemist and professor of Chemistry at Princeton University.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/nobel-in-chemistry-honours-greener-way-to-build-molecules?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eNobel in chemistry honours 'greener' way to build molecules\u003c/a\u003e\u003cbr\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eThe Nobel Prize in Physiology or Medicine 2021\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"David Julius and\u0026nbsp;Ardem Patapoutian\u0026nbsp;“for their discoveries of receptors for temperature and touch”\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/who-is-david-julius?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eDavid Julius\u003c/a\u003e an American physiologist is known for his work on molecular mechanisms of pain sensation and heat, including the characterization of the TRPV1 and TRPM8 receptors that detect capsaicin, menthol, and temperature.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/who-is-ardem-patapoutian?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eArdem Patapoutian\u003c/a\u003e is a molecular, biologist and neuroscientist. He is known for his work in characterizing the PIEZO1, PIEZO2, and TRPM8 receptors that detect pressure, menthol, and temperature.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/2021-nobel-prize-in-medicine-awarded-jointly-to-david-julius-ardem-patapoutian?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eNobel Prize in Medicine awarded jointly to David Julius, Ardem Patapoutian\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eThe Nobel Prize in Literature 2021\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Abdulrazak Gurnah\u0026nbsp;“for his uncompromising and compassionate penetration of the effects of colonialism and the fate of the refugee in the gulf between cultures and continents”\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/who-is-abdulrazak-gurnah?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eAbdulrazak Gurnah\u003c/a\u003e 72, is a UK-based novelist and academic. His novel Paradise (1994) was shortlisted for the Booker and Whitbread prize. By the Sea (2001) was longlisted for the Booker and shortlisted for the Los Angeles Times Book Prize.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/nobel-prize-2021-abdulrazak-gurnah-wins-nobel-prize-in-literature?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eNobel Prize 2021: Abdulrazak Gurnah wins Nobel Prize in Literature\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eThe Nobel Peace Prize 2021\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Maria Ressa and\u0026nbsp;Dmitry Muratov\u0026nbsp;“for their efforts to safeguard freedom of expression, which is a precondition for democracy and lasting peace”\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/who-is-maria-angelita-ressa?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eMaria Angelita Ressa\u003c/a\u003e 58, is the first Filipino Nobel Prize laureate. She is a Filipino American journalist and author.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/who-is-dmitry-muratov?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eDmitry Andreyevich Muratov\u003c/a\u003e 59, is a Russian journalist and television presenter. He is editor-in-chief of the Russian newspaper Novaya Gazeta.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/journalists-maria-ressa-and-dmitry-muratov-win-nobel-peace-prize-2021?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eJournalists Maria Ressa and Dmitry Muratov win Nobel Peace Prize 2021\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eSveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2021\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"David Card “for his empirical contributions to labor economics”\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Joshua D. Angrist and Guido W. Imbens “for their methodological contributions to the analysis of causal relationships”\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/who-is-david-card?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eDavid Edward Card\u003c/a\u003e 65, is a Canadian economist and professor of economics at the University of California. He is known for his works in the field of Labour Economics.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Israeli American Economist \u003ca href=\\\\\\\"https://opoyi.com/who-is-joshua-angrist?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eJoshua Angrist\u003c/a\u003e 61, is a professor of economics at Massachusetts Institute of Technology.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/who-is-guido-imbens?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eGuido Imbens\u003c/a\u003e 58, specializes in econometrics and has taught at Harvard University, UCLA, and UC Berkeley.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read |\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/nobel-panel-announces-david-card-joshua-d-angrist-and-guido-w-imbens-the-2021-winners-of-economic-sciences?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eThree US-based economists receive Nobel Memorial Prize in Economics\u003c/a\u003e\\\"}}]}","relatedPosts":null,"location":{"name":"New Delhi, Delhi, India"},"createdBy":{"name":"Devanshu Singla","photo":null,"username":"devanshu","id":"tsxWjhDTYvrx","role":null},"topics":[{"name":"NobelPrize","slug":"nobelprize","id":"BudzCgZugaF0","isSection":0},{"name":"NobelLaureate","slug":"nobellaureate","id":"V9ksBYK8aTjn","isSection":0},{"name":"Chemistry","slug":"chemistry","id":"bKrOrYAQenIK","isSection":0},{"name":"peace","slug":"peace","id":"ly2HdnFiPtcg","isSection":0},{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0},{"name":"Literature","slug":"literature","id":"1kR2bL63Stob","isSection":0},{"name":"Physics","slug":"physics","id":"6zPFWW4Lc2IC","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Devanshu Singla","id":"aJeiSJdpGmAb","username":"devanshusingla","role":2,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2021-10-17T09:25:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"Nobel Prizes are awarded in the fields of physics, chemistry, physiology/medicine, peace, literature, and economics. The Nobel Prize was instituted in the memory of Sir Alfred Nobel in the year 1895. ,From 1901 to 2021, the Nobel Prizes and the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel were awarded 609 times to 975 people and institutions. Below, you can view the full list of Nobel Prizes and Nobel Prize laureates. Here is the list of Nobel Prizes and Nobel Prize laureates for the year 2021:,The Nobel Prize in Physics 2021,Giorgio Parisi, Syukuro Manabe and Klaus Hasselmann have been awarded “for groundbreaking contributions to our understanding of complex systems”. Syukuro Manabe and Klaus Hasselmann have been awarded for the physical modeling of Earth’s climate, quantifying variability, and reliably predicting global warming. Giorgio Parisi “for the discovery of the interplay of disorder and fluctuations in physical systems from atomic to planetary scales”. Giorgio Parisi is an Italian physicist. He has research works on quantum field theory, statistical mechanics, and complex systems. Syukuro Manabe is a meteorologist and climatologist. He worked on the use of computers to simulate global climate change and natural climate variations. Klaus Ferdinand Hasselmann is a renowned German oceanographer and climate modeler. Also Read | Syukuro Manabe, Klaus Hasselmann and Giorgio Parisi win Nobel Prize in Physics,The Nobel Prize in Chemistry 2021,Benjamin List and David MacMillan have been awarded for the development of asymmetric organocatalysis. Benjamin List is a German Chemist. He co-developed organocatalysis, a method of accelerating chemical reactions and making them more efficient. David MacMillan is a Scottish chemist and professor of Chemistry at Princeton University. Also Read | Nobel in chemistry honours 'greener' way to build molecules,The Nobel Prize in Physiology or Medicine 2021,David Julius and Ardem Patapoutian “for their discoveries of receptors for temperature and touch”,David Julius an American physiologist is known for his work on molecular mechanisms of pain sensation and heat, including the characterization of the TRPV1 and TRPM8 receptors that detect capsaicin, menthol, and temperature. Ardem Patapoutian is a molecular, biologist and neuroscientist. He is known for his work in characterizing the PIEZO1, PIEZO2, and TRPM8 receptors that detect pressure, menthol, and temperature. Also Read | Nobel Prize in Medicine awarded jointly to David Julius, Ardem Patapoutian,The Nobel Prize in Literature 2021,Abdulrazak Gurnah “for his uncompromising and compassionate penetration of the effects of colonialism and the fate of the refugee in the gulf between cultures and continents”,Abdulrazak Gurnah 72, is a UK-based novelist and academic. His novel Paradise (1994) was shortlisted for the Booker and Whitbread prize. By the Sea (2001) was longlisted for the Booker and shortlisted for the Los Angeles Times Book Prize. Also Read | Nobel Prize 2021: Abdulrazak Gurnah wins Nobel Prize in Literature,The Nobel Peace Prize 2021,Maria Ressa and Dmitry Muratov “for their efforts to safeguard freedom of expression, which is a precondition for democracy and lasting peace”,Maria Angelita Ressa 58, is the first Filipino Nobel Prize laureate. She is a Filipino American journalist and author. Dmitry Andreyevich Muratov 59, is a Russian journalist and television presenter. He is editor-in-chief of the Russian newspaper Novaya Gazeta. Also Read | Journalists Maria Ressa and Dmitry Muratov win Nobel Peace Prize 2021,Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2021,David Card “for his empirical contributions to labor economics”,Joshua D. Angrist and Guido W. Imbens “for their methodological contributions to the analysis of causal relationships”,David Edward Card 65, is a Canadian economist and professor of economics at the University of California. He is known for his works in the field of Labour Economics. Israeli American Economist Joshua Angrist 61, is a professor of economics at Massachusetts Institute of Technology. Guido Imbens 58, specializes in econometrics and has taught at Harvard University, UCLA, and UC Berkeley. Also Read | Three US-based economists receive Nobel Memorial Prize in Economics","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"28.6139","longitude":"77.209","name":"New Delhi, Delhi, India","city":"Delhi"},"keywords":"nobel prize, nobel laureate, nobel prize 2021, nobel peace prize, nobel prize in economic sciences, nobel prize in medicine, nobel prize in literature, nobel prize in physics, nobel prize in chemistry","originalPublishedOn":"2021-10-11T21:55:00+05:30"}},{"node":{"id":"f9hD2Lvd6w5V","slug":"us-retail-sale-rises-07-in-september-even-amidst-price-surge","slugV2":"business/us-retail-sale-rises-07-in-september-even-amidst-price-surge-290243/","title":"US retail sale rises 0.7% in September even amidst price surge","postType":1,"coverMedia":"/opoyi_x5c_z-HI9sM.jpg","coverCaption":"Economists have forecast at least a 7% increase in holiday sales, but the pandemic had made predictions more difficult. (Photo Credit: AP)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2021-10-16T07:46:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSnarled global supply chains have slowed the flow of goods\u003c/li\u003e\n \u003cli\u003eRetail sales rose a seasonally adjusted 0.7% in September from the month before\u003c/li\u003e\n \u003cli\u003eConsumer spending drives about 70% of all U.S. economic activity\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cbr\u003e\u003c/p\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1634347576347,\\\"strCount\\\":6127,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Americans continued to spend at a solid clip in September even while facing sticker shock in grocery aisles, car lots, and restaurants as snarled global supply chains slow the flow of goods. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Retail sales rose a seasonally adjusted 0.7% in September from the month before, the U.S. \u003ca href=\\\\\\\"https://opoyi.com/topics/commerce/\\\\\\\"\u003eCommerce\u003c/a\u003e Department said Friday. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"That was a stronger showing than expected. Yet there are lingering concerns as to how resilient shoppers will be if prices continue to head north and shortages lead to frustration heading into the crucial holiday season.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-sees-supply-shortage-including-diapers-ahead-of-holiday-season-363690/\\\\\\\"\u003eUS sees shortage of supplies, including diapers, ahead of holiday season\u003c/a\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Consumer spending drives about 70% of all U.S. economic activity and a full recovery from a \u003ca href=\\\\\\\"https://opoyi.com/topics/pandemic/\\\\\\\"\u003epandemic\u003c/a\u003e-induced recession will require their participation. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"There is no evidence that Americans are pulling back, however, and spending last month was heavy everywhere, from clothing, sporting goods and toy stores to car lots. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"They are coming to enjoy the experience with their families that they hadn't been able to do in a long time,\\\\\\\" said Tiffany Markofsky, chief communications officer at a small toy store chain called Camp. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Camp is reporting strong traffic in stores and has been able to secure hot toys through close ties with its suppliers, Markofsky said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Some of the increased spending by consumers is the direct result of spiking prices. A gallon of gasoline today costs about $1 more than it did at this time last year so in many cases, Americans aren't buying more, they're just paying more.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/us-unemployment-claims-fall-to-lowest-level-since-pandemic-366174/\\\\\\\"\u003eUS unemployment claims fall to lowest level since pandemic\u003c/a\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The U.S. reported this week that the prices consumers pay rose 0.4% in September, and they're up 5.4% over the past 12 months, matching the fastest pace since 2008. Gasoline, furniture, cars and trips to the grocery store or restaurant have all grown more expensive. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"American consumers still have plenty left in the tank despite some tough-to-find and pricier items,\\\\\\\" wrote Sal Guatieri, senior economist and director at BMO Capital Markets, in a report published Friday.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Guatieri was particularly surprised by the willingness of Americans to continue buying cars with dealerships running short on supply and manufacturers shutting down factories due to a lack of essential computer chips. Yet there was a 0.6% increase in sales at auto dealers, after a plunge last month. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"While the spending increases have been broad, the delta variant had has an influence on where Americans are spending money, with more dollars devoted to buying things, rather than plane tickets or dinners out. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Online sales rose modestly as shoppers feel more comfortable shopping at physical stores. Sales at gasoline stations rose 1.8%. Tellingly, sales at restaurants and bars were virtually flat from the previous month. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The monthly retail report covers only about a third of overall consumer spending, however, and doesn't include services such as haircuts, hotel stays and plane tickets. But there has been evidence of slowed spending in some of these areas. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Airlines have begun to report declining ticket sales and they blame the spread of the delta variant. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"A lot of gains continue to come from a diversion of spend from services to spending on products,\\\\\\\" said Neil Saunders, managing director at GlobalData Retail. \\\\\\\"Consumers continue to travel, commute and vacation less than they did pre-pandemic, and the expenditure that would normally be made on these activities has found a new home in retail.\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/nifty50-today-october-13-top-5-gainers-and-losers-170373/\\\\\\\"\u003eNIFTY50 Today October 13: Top 5 Gainers and Losers\u003c/a\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Economists have forecast at least a 7% increase in holiday sales, but the \u003ca href=\\\\\\\"https://opoyi.com/topics/pandemic/\\\\\\\"\u003epandemic\u003c/a\u003e had made predictions more difficult. Steady sales that have been witnessed in clothing, tech, or other goods, are not assured due to worker shortages and festering supply chain issues.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The global supply chain is so scrambled, many producers are leaving bulk of their goods in \u003ca href=\\\\\\\"https://opoyi.com/topics/china/\\\\\\\"\u003eChina\u003c/a\u003e as they wait for shipping costs to retreat. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"And hiring has slowed in the past two months even as employers post a near-record number of open jobs. About three million people who lost jobs and stopped looking for work since the pandemic have yet to resume job searches, according to recent economic data. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"The main concern now is that supply-chain disruptions and microchip shortages appear to be spreading, limiting selection and tamping down goods demand, \\\\\\\"wrote Guatieri. \\\\\\\"Meantime, services demand is getting held back by labour shortages, notably in restaurants. Demand isn't the problem, supply is. \\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"President \u003ca href=\\\\\\\"https://opoyi.com/topics/joebiden/\\\\\\\"\u003eJoe Biden\u003c/a\u003e told Americans this week that his administration is confident that inflation is under control and announced a deal to expand operations at the Port of Los Angeles to help address supply issues. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The will to spend on those goods is there, as evidenced in September, however, it was also the weakest sales growth since March, Saunders said. Momentum will not continue indefinitely, he said, rather it will continue to trend down until it reaches more normalized levels, he said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"There might be some variation during the final months of the year if consumers decide to go on a big spending spree to celebrate the holidays, but this will be the exception rather than the rule, \\\\\\\" he added. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Small businesses and national chains well aware of strangled supply lines are trying to get people in stores now through the use of early holiday promotions in hopes of avoiding missed holiday shipping deadlines. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Target usually begins a holiday price-matching program at the start of November to win over customers. The offer this year is already in full force. \\\"}}]}","relatedPosts":null,"location":{"name":"New York, NY, USA"},"createdBy":{"name":"Kartik Chawla","photo":null,"username":"chawlakartik","id":"usmyiYNiozYp","role":null},"topics":[{"name":"Commerce","slug":"commerce","id":"rXvSnP2lRaQN","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"Shopping","slug":"shopping","id":"yTS80IxxFI3L","isSection":0},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"US","slug":"us","id":"0JelBm6rMusZ","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"AP","id":"8dFR8PhLJl4s","username":"associatedpress","role":8,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2021-10-16T07:45:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"Americans continued to spend at a solid clip in September even while facing sticker shock in grocery aisles, car lots, and restaurants as snarled global supply chains slow the flow of goods. ,Retail sales rose a seasonally adjusted 0.7% in September from the month before, the U.S. Commerce Department said Friday. ,That was a stronger showing than expected. Yet there are lingering concerns as to how resilient shoppers will be if prices continue to head north and shortages lead to frustration heading into the crucial holiday season. Also Read: US sees shortage of supplies, including diapers, ahead of holiday season,Consumer spending drives about 70% of all U.S. economic activity and a full recovery from a pandemic-induced recession will require their participation. ,There is no evidence that Americans are pulling back, however, and spending last month was heavy everywhere, from clothing, sporting goods and toy stores to car lots. ,They are coming to enjoy the experience with their families that they hadn't been able to do in a long time, said Tiffany Markofsky, chief communications officer at a small toy store chain called Camp. ,Camp is reporting strong traffic in stores and has been able to secure hot toys through close ties with its suppliers, Markofsky said. Some of the increased spending by consumers is the direct result of spiking prices. A gallon of gasoline today costs about $1 more than it did at this time last year so in many cases, Americans aren't buying more, they're just paying more. Also Read: US unemployment claims fall to lowest level since pandemic,The U.S. reported this week that the prices consumers pay rose 0.4% in September, and they're up 5.4% over the past 12 months, matching the fastest pace since 2008. Gasoline, furniture, cars and trips to the grocery store or restaurant have all grown more expensive. ,American consumers still have plenty left in the tank despite some tough-to-find and pricier items, wrote Sal Guatieri, senior economist and director at BMO Capital Markets, in a report published Friday. Guatieri was particularly surprised by the willingness of Americans to continue buying cars with dealerships running short on supply and manufacturers shutting down factories due to a lack of essential computer chips. Yet there was a 0.6% increase in sales at auto dealers, after a plunge last month. ,While the spending increases have been broad, the delta variant had has an influence on where Americans are spending money, with more dollars devoted to buying things, rather than plane tickets or dinners out. ,Online sales rose modestly as shoppers feel more comfortable shopping at physical stores. Sales at gasoline stations rose 1.8%. Tellingly, sales at restaurants and bars were virtually flat from the previous month. ,The monthly retail report covers only about a third of overall consumer spending, however, and doesn't include services such as haircuts, hotel stays and plane tickets. But there has been evidence of slowed spending in some of these areas. ,Airlines have begun to report declining ticket sales and they blame the spread of the delta variant. ,A lot of gains continue to come from a diversion of spend from services to spending on products, said Neil Saunders, managing director at GlobalData Retail. Consumers continue to travel, commute and vacation less than they did pre-pandemic, and the expenditure that would normally be made on these activities has found a new home in retail. Also Read: NIFTY50 Today October 13: Top 5 Gainers and Losers,Economists have forecast at least a 7% increase in holiday sales, but the pandemic had made predictions more difficult. Steady sales that have been witnessed in clothing, tech, or other goods, are not assured due to worker shortages and festering supply chain issues. The global supply chain is so scrambled, many producers are leaving bulk of their goods in China as they wait for shipping costs to retreat. ,And hiring has slowed in the past two months even as employers post a near-record number of open jobs. About three million people who lost jobs and stopped looking for work since the pandemic have yet to resume job searches, according to recent economic data. ,The main concern now is that supply-chain disruptions and microchip shortages appear to be spreading, limiting selection and tamping down goods demand, wrote Guatieri. Meantime, services demand is getting held back by labour shortages, notably in restaurants. Demand isn't the problem, supply is. ,President Joe Biden told Americans this week that his administration is confident that inflation is under control and announced a deal to expand operations at the Port of Los Angeles to help address supply issues. ,The will to spend on those goods is there, as evidenced in September, however, it was also the weakest sales growth since March, Saunders said. Momentum will not continue indefinitely, he said, rather it will continue to trend down until it reaches more normalized levels, he said. There might be some variation during the final months of the year if consumers decide to go on a big spending spree to celebrate the holidays, but this will be the exception rather than the rule, he added. ,Small businesses and national chains well aware of strangled supply lines are trying to get people in stores now through the use of early holiday promotions in hopes of avoiding missed holiday shipping deadlines. ,Target usually begins a holiday price-matching program at the start of November to win over customers. The offer this year is already in full force.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"40.7128","longitude":"-74.006","name":"New York, NY, USA","city":"New York City"},"keywords":"United States retail sale, US Commerce Department","originalPublishedOn":"2021-10-16T07:45:00+05:30"}},{"node":{"id":"zU1E97gwbDgT","slug":"who-is-guido-imbens","slugV2":"world/who-is-guido-imbens-676199/","title":"Who is Guido Imbens, Dutch American economist who won the Nobel Prize","postType":1,"coverMedia":"https://ik.imagekit.io/o8plo3y5if/opoyi_QtZsvPDKF.jpg","coverCaption":"Guido Imbens taught at Harvard University, UCLA, and UC Berkeley. (Photo Credit: AP)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2021-10-11T16:59:37+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eHe serves as the editor of Econometrica from 2019 to 2023\u003c/li\u003e\n \u003cli\u003eHe was elected as a Fellow of the American Statistical Association in 2020\u003c/li\u003e\n \u003cli\u003eImbens was awarded half of the 2021 Nobel Memorial Prize in Economic Sciences\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1633951777525,\\\"strCount\\\":1311,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Guido Wilhelmus Imbens is a Dutch American economist. On October 11, Imbens was awarded half of the 2021 Nobel Memorial Prize in Economic Sciences jointly with \u003ca href=\\\\\\\"https://opoyi.com/world/who-is-joshua-angrist-171661/\\\\\\\"\u003eJoshua Angrist\u003c/a\u003e \\\\\\\"for their methodological contributions to the analysis of causal relationships\\\\\\\", with \u003ca href=\\\\\\\"https://opoyi.com/world/who-is-david-card-635218/\\\\\\\"\u003eDavid Card\u003c/a\u003e awarded the other half.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Since 2012, Imbens is a \u003ca href=\\\\\\\"https://opoyi.com/world/why-the-nobel-prize-in-economics-is-not-really-a-nobel-prize-578094/\\\\\\\"\u003eProfessor of Economics\u003c/a\u003e at the Stanford Graduate School of Business. After earning his Ph.D. from Brown University in 1991, he taught at Harvard University, UCLA, and UC Berkeley.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/why-the-nobel-prize-in-economics-is-not-really-a-nobel-prize-578094/\\\\\\\"\u003eWhy the Nobel Prize in Economics is not really a Nobel Prize?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Imbens specializes in econometrics, and in particular methods for drawing causal inference. He serves as the editor of Econometrica from 2019 to 2023.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Imbens is a fellow of the Econometric Society (2001) and the American Academy of Arts and Sciences (2009). He was elected a foreign member of the Royal Netherlands Academy of Arts and Sciences in 2017. In 2020, he was elected as a Fellow of the American Statistical Association in 2020.\\\"}}]}","relatedPosts":null,"location":{"name":"Stockholm, Sweden"},"createdBy":{"name":"Ajay Joseph","photo":null,"username":"ajay4396","id":"LFYsY6JozEMx","role":null},"topics":[{"name":"NobelPrize","slug":"nobelprize","id":"BudzCgZugaF0","isSection":0},{"name":"NobelLaureate","slug":"nobellaureate","id":"V9ksBYK8aTjn","isSection":0},{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0},{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Ajay Joseph","id":"LFYsY6JozEMx","username":"ajay4396","role":1,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2021-10-11T16:50:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"Guido Wilhelmus Imbens is a Dutch American economist. On October 11, Imbens was awarded half of the 2021 Nobel Memorial Prize in Economic Sciences jointly with Joshua Angrist for their methodological contributions to the analysis of causal relationships, with David Card awarded the other half. ,Since 2012, Imbens is a Professor of Economics at the Stanford Graduate School of Business. After earning his Ph.D. from Brown University in 1991, he taught at Harvard University, UCLA, and UC Berkeley. Also read: Why the Nobel Prize in Economics is not really a Nobel Prize?,Imbens specializes in econometrics, and in particular methods for drawing causal inference. He serves as the editor of Econometrica from 2019 to 2023. Imbens is a fellow of the Econometric Society (2001) and the American Academy of Arts and Sciences (2009). He was elected a foreign member of the Royal Netherlands Academy of Arts and Sciences in 2017. In 2020, he was elected as a Fellow of the American Statistical Association in 2020.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"59.3293","longitude":"18.0686","name":"Stockholm, Sweden","city":"Stockholm"},"keywords":"Nobel Prize, Nobel Laureate, Economics, World, Who is Guido Imbens?","originalPublishedOn":"2021-10-11T16:50:00+05:30"}},{"node":{"id":"7ojAQyl6zbJJ","slug":"who-is-joshua-angrist","slugV2":"world/who-is-joshua-angrist-171661/","title":"Who is Joshua Angrist? Education economics scholar who won the Nobel","postType":1,"coverMedia":"https://ik.imagekit.io/o8plo3y5if/opoyi_f-7zGZgp-.jpg","coverCaption":"Joshua Angrist was one of the winners of the Nobel Memorial Prize in Economics 2021 (Photo Credit: Twitter/@NobelPrize)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2021-10-11T16:44:14+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eJoshua Angrist won the Nobel Memorial Prize in Economics 2021\u003c/li\u003e\n \u003cli\u003eAngrist is a professor at the Massachussetts Institute of Technology\u003c/li\u003e\n \u003cli\u003eAngrist won the Nobel partnered with Guido Imbens from Stanford University\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1633950854649,\\\"strCount\\\":4795,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Joshua Angrist of the Massachusetts Institute of Technology won\\\\nthe \u003ca href=\\\\\\\"https://opoyi.com/why-the-nobel-prize-in-economics-is-not-really-a-nobel-prize?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eNobel Memorial Prize in Economics\u003c/a\u003e on Monday along with Guido Imbens from\\\\nStanford University.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nobel prize in economics 2021 was awarded in two parts. The\\\\nfirst part went to \u003ca href=\\\\\\\"https://opoyi.com/who-is-david-card?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eDavid Card\u003c/a\u003e of the University of California and Berkeley and\\\\nthe other half to Joshua Angrist from the Massachusetts Institute of Technology\\\\n(MIT) and Guido Imbens from Stanford University.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Joshua Angrist is the Ford Professor of Economics at MIT. He is\\\\nalso the director of MIT’s School Effectiveness and Inequality Initiative and a\\\\nresearch associate with the National Bureau of Economic Research in the United\\\\nStates.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read |\u0026nbsp;\u003c/b\u003e\u003ca href=\\\\\\\"https://opoyi.com/nobel-panel-announces-david-card-joshua-d-angrist-and-guido-w-imbens-the-2021-winners-of-economic-sciences?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eThree US-based economists receive Nobel Memorial Prize in Economics\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"An Israeli-American citizen, Joshua Angrist has taught at\\\\nHarvard University and the Hebrew University of Jerusalem. He joined MIT in 1996.\\\\nAngrist did his bachelors degree from Oberlin College in 1992 and his doctorate\\\\nin economics from Princeton in 1989.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read |\u0026nbsp;\u003c/b\u003e\u003ca href=\\\\\\\"https://opoyi.com/why-the-nobel-prize-in-economics-is-not-really-a-nobel-prize?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eWhy the Nobel Prize in Economics is not really a Nobel Prize?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"While announcing the prize, the Royal Swedish Academy of\\\\nSciences said that the three awardees have “completely reshaped empirical work\\\\nin the economic sciences”, adding that their research has substantially\\\\nimproved “our ability to answer key causal questions, which has been of great\\\\nbenefit to society.”\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read |\u0026nbsp;\u003c/b\u003e\u003ca href=\\\\\\\"https://opoyi.com/dmitry-muratov-russian-nobel-winner-says-peace-prize-not-for-me?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eDmitry Muratov, Russian Nobel winner, says Peace Prize not for me\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"For Joshua Angrist, the economics of education and school reform\\\\nas well as social programmes in the labour market form his key areas of\\\\ninterest. Angrist has also worked on labour market regulation and institutions\\\\nas well as on econometric methods for programme and policy evaluation.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read |\u0026nbsp;\u003c/b\u003e\u003ca href=\\\\\\\"https://opoyi.com/peace-prize-for-scribes-what-it-says-about-freedom-in-russia-philippines?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003ePeace Prize for scribes: What it says about freedom in Russia, Philippines\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Unlike\u0026nbsp;the other Nobel prizes, the economics award wasn’t established\\\\nin the will of Alfred Nobel but by the Swedish central bank in his memory in\\\\n1968, with the first winner selected a year later. It is the last prize\\\\nannounced each year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read |\u0026nbsp;\u003c/b\u003e\u003ca href=\\\\\\\"https://opoyi.com/nobel-literary-winner-says-governments-lack-compassion-for-refugees?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eNobel literary winner says governments lack compassion for refugees\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nobel Committee announced the Nobel Prizes 2021 over the\\\\nlast week. The Nobel Prize in Physics went to Syukuro Manabe and Klaus\\\\nHasselmann “for the physical modelling of Earth’s climate, quantifying\\\\nvariability and reliably predicting global warming”. Giorgio Parisi won the\\\\nNobel in Physics “for the discovery of the interplay of disorder and\\\\nfluctuations in physical systems from atomic to planetary scales. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nobel Prize in Chemistry 2021 went to Benjamin List and\\\\n\u003ca href=\\\\\\\"https://opoyi.com/who-is-david-macmillan?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eDavid MacMillan\u003c/a\u003e for the development of asymmetric organocatalysis. \u003ca href=\\\\\\\"https://opoyi.com/who-is-david-julius?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eDavid Julius\u003c/a\u003e\\\\nand \u003ca href=\\\\\\\"https://opoyi.com/who-is-ardem-patapoutian?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eArdem Patapouitan\u003c/a\u003e won the Nobel Prize 2021 in Physiology and Medicine; \u003ca href=\\\\\\\"https://opoyi.com/who-is-abdulrazak-gurnah?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eAbdulrazzak\\\\nGurnah\u003c/a\u003e won the Nobel in Literature and \u003ca href=\\\\\\\"https://opoyi.com/who-is-maria-angelita-ressa?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eMaria Ressa\u003c/a\u003e and \u003ca href=\\\\\\\"https://opoyi.com/who-is-dmitry-muratov?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eDmitri Muratov\u003c/a\u003e won the\\\\nNobel Peace Prize. \\\"}}]}","relatedPosts":null,"location":{"name":"Massachusetts, USA"},"createdBy":{"name":"Sammya Mukhopadhyay","photo":"https://opoyi.com/images/opoyi_3P8-dIXou.jpg?tr=w-600,q-70,dpr","username":"sammya","id":"eHHzkYx6brHC","role":null},"topics":[{"name":"NobelPrize","slug":"nobelprize","id":"BudzCgZugaF0","isSection":0},{"name":"NobelLaureate","slug":"nobellaureate","id":"V9ksBYK8aTjn","isSection":0},{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0},{"name":"Massachusetts","slug":"massachusetts","id":"K3a91SRxXwRD","isSection":0},{"name":"news","slug":"news","id":"TtrHLXvjg4wB","isSection":0},{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1},{"name":"global","slug":"global","id":"uBIUt4MURVrY","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Sammya Mukhopadhyay","id":"GOl1ARDbv7mE","username":"u8637881244","role":3,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2021-10-11T16:35:23+05:30","publisher":0,"sourceFeed":null,"cleanText":"Joshua Angrist of the Massachusetts Institute of Technology won the Nobel Memorial Prize in Economics on Monday along with Guido Imbens from Stanford University. The Nobel prize in economics 2021 was awarded in two parts. The first part went to David Card of the University of California and Berkeley and the other half to Joshua Angrist from the Massachusetts Institute of Technology (MIT) and Guido Imbens from Stanford University. ,Joshua Angrist is the Ford Professor of Economics at MIT. He is also the director of MIT’s School Effectiveness and Inequality Initiative and a research associate with the National Bureau of Economic Research in the United States. Also Read | Three US-based economists receive Nobel Memorial Prize in Economics,An Israeli-American citizen, Joshua Angrist has taught at Harvard University and the Hebrew University of Jerusalem. He joined MIT in 1996. Angrist did his bachelors degree from Oberlin College in 1992 and his doctorate in economics from Princeton in 1989. Also Read | Why the Nobel Prize in Economics is not really a Nobel Prize?,While announcing the prize, the Royal Swedish Academy of Sciences said that the three awardees have “completely reshaped empirical work in the economic sciences”, adding that their research has substantially improved “our ability to answer key causal questions, which has been of great benefit to society.”,Also Read | Dmitry Muratov, Russian Nobel winner, says Peace Prize not for me,For Joshua Angrist, the economics of education and school reform as well as social programmes in the labour market form his key areas of interest. Angrist has also worked on labour market regulation and institutions as well as on econometric methods for programme and policy evaluation. Also Read | Peace Prize for scribes: What it says about freedom in Russia, Philippines,Unlike the other Nobel prizes, the economics award wasn’t established in the will of Alfred Nobel but by the Swedish central bank in his memory in 1968, with the first winner selected a year later. It is the last prize announced each year. Also Read | Nobel literary winner says governments lack compassion for refugees,The Nobel Committee announced the Nobel Prizes 2021 over the last week. The Nobel Prize in Physics went to Syukuro Manabe and Klaus Hasselmann “for the physical modelling of Earth’s climate, quantifying variability and reliably predicting global warming”. Giorgio Parisi won the Nobel in Physics “for the discovery of the interplay of disorder and fluctuations in physical systems from atomic to planetary scales. ,The Nobel Prize in Chemistry 2021 went to Benjamin List and David MacMillan for the development of asymmetric organocatalysis. David Julius and Ardem Patapouitan won the Nobel Prize 2021 in Physiology and Medicine; Abdulrazzak Gurnah won the Nobel in Literature and Maria Ressa and Dmitri Muratov won the Nobel Peace Prize.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"42.4072","longitude":"-71.3824","name":"Massachusetts, USA","city":"Sudbury"},"keywords":"Joshua Angrist, Who is Joshua Angrist, Joshua Angrist Nobel, Joshua Angrist economics, Joshua Angrist Guido Imbens","originalPublishedOn":"2021-10-11T16:35:23+05:30"}},{"node":{"id":"XoD0P3ih0EoA","slug":"who-is-david-card","slugV2":"world/who-is-david-card-635218/","title":"Who is David Card? Canadian labour economist who won the Nobel","postType":1,"coverMedia":"/opoyi_R6BokH-XbUl.jpg","coverCaption":"David Card was born in 1956 in Guelph, Canada. (Photo credit: nobelprize.org)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2021-10-11T16:28:02+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eDavid Card received the Nobel Memorial Prize in Economics\u003c/li\u003e\n \u003cli\u003eCard is the Class of 1950 Professor of Economics at the University of California\u003c/li\u003e\n \u003cli\u003eHis research subjects include immigration, wages, education and gender-and race-related differences in the labor market\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1633949889385,\\\"strCount\\\":2402,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"David Card, born in 1956 in Guelph, Canada, was on Tuesday, awarded one half of the \u003ca href=\\\\\\\"https://opoyi.com/world/why-the-nobel-prize-in-economics-is-not-really-a-nobel-prize-578094/\\\\\\\"\u003eSveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2021\u003c/a\u003e. The other half was shared by Joshua Angrist and Guido Imbens. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Royal Swedish Academy of Sciences said the three have \\\\\\\"completely reshaped empirical work in the economic sciences.\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Card’s studies of core questions for society and Angrist and Imbens’ methodological contributions have shown that natural experiments are a rich source of knowledge,\\\\\\\" said Peter Fredriksson, chair of the Economic Sciences Committee.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Card is the Class of 1950 Professor of Economics at the \u003ca href=\\\\\\\"https://opoyi.com/topics/California/\\\\\\\"\u003eUniversity of California\u003c/a\u003e, Berkeley and Director of the Labor Studies Program at the National Bureau of Economic Research.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"His research subjects include immigration, wages, education and gender-and race-related differences in the labor market. Card also co-authored the book Myth and Measurement: The New Economics of the Minimum Wage that had come out in 1995. He also co-edited The Handbook of Labor Economics (1999), Seeking a Premier Economy: The Economic Effects of British Economic Reforms (2004); and Small Differences that Matter: Labor Markets and Income Maintenance in Canada and the United States (1992). \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Over the years, he has published over 125 journal articles and book chapters, his profile on the official website of Berkeley read.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"From 1991 to 1995, David Card was the co-editor of Econometrica and of the American Economic Review from 2002 to 2005.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Before the \u003ca href=\\\\\\\"https://opoyi.com/topics/economics/\\\\\\\"\u003eUniversity of California\u003c/a\u003e, he taught at Princeton University from 1983 to 1996. He also held visiting appointments at Columbia, Harvard, and the Center for Advanced Study in the Behavioral Sciences.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In 1995, the 2021 \u003ca href=\\\\\\\"https://opoyi.com/topics/nobellaureate/\\\\\\\"\u003eNobel laureate\u003c/a\u003e was awarded the American Economic Association's John Bates Clark Prize. This accolade is awarded every other year to the economist under 40 whose work is ascertained to have made the most significant contribution to the field.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In 2006, he was also a co-recipient of the IZA Labor Economics Award; and the BBVA Frontiers of Knowledge Prize in 2015, and was awarded the Frisch Medal by the Econometric Society in 2007.\\\"}}]}","relatedPosts":null,"location":{"name":"Geneva, Switzerland"},"createdBy":{"name":"Joy Tirkey","photo":null,"username":"jjoytirkey","id":"9wk4mKapCqOn","role":null},"topics":[{"name":"NobelPrize","slug":"nobelprize","id":"BudzCgZugaF0","isSection":0},{"name":"NobelLaureate","slug":"nobellaureate","id":"V9ksBYK8aTjn","isSection":0},{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0},{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Joy Tirkey","id":"9wk4mKapCqOn","username":"jjoytirkey","role":7,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2021-10-11T16:20:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"David Card, born in 1956 in Guelph, Canada, was on Tuesday, awarded one half of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2021. The other half was shared by Joshua Angrist and Guido Imbens. ,The Royal Swedish Academy of Sciences said the three have completely reshaped empirical work in the economic sciences. Card’s studies of core questions for society and Angrist and Imbens’ methodological contributions have shown that natural experiments are a rich source of knowledge, said Peter Fredriksson, chair of the Economic Sciences Committee. Card is the Class of 1950 Professor of Economics at the University of California, Berkeley and Director of the Labor Studies Program at the National Bureau of Economic Research. His research subjects include immigration, wages, education and gender-and race-related differences in the labor market. Card also co-authored the book Myth and Measurement: The New Economics of the Minimum Wage that had come out in 1995. He also co-edited The Handbook of Labor Economics (1999), Seeking a Premier Economy: The Economic Effects of British Economic Reforms (2004); and Small Differences that Matter: Labor Markets and Income Maintenance in Canada and the United States (1992). ,Over the years, he has published over 125 journal articles and book chapters, his profile on the official website of Berkeley read. From 1991 to 1995, David Card was the co-editor of Econometrica and of the American Economic Review from 2002 to 2005. Before the University of California, he taught at Princeton University from 1983 to 1996. He also held visiting appointments at Columbia, Harvard, and the Center for Advanced Study in the Behavioral Sciences. In 1995, the 2021 Nobel laureate was awarded the American Economic Association's John Bates Clark Prize. This accolade is awarded every other year to the economist under 40 whose work is ascertained to have made the most significant contribution to the field. In 2006, he was also a co-recipient of the IZA Labor Economics Award; and the BBVA Frontiers of Knowledge Prize in 2015, and was awarded the Frisch Medal by the Econometric Society in 2007.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"46.2044","longitude":"6.1432","name":"Geneva, Switzerland","city":"Genève"},"keywords":"Who is David Card, all about David Card, David Card profile","originalPublishedOn":"2021-10-11T16:20:00+05:30"}},{"node":{"id":"UmQE9by412We","slug":"why-the-nobel-prize-in-economics-is-not-really-a-nobel-prize","slugV2":"world/why-the-nobel-prize-in-economics-is-not-really-a-nobel-prize-578094/","title":"Why the Nobel Prize in Economics is not really a Nobel Prize","postType":1,"coverMedia":"/opoyi_jG7IaWQes.jpg","coverCaption":"The Nobel Memorial Prize in Economic Sciences was awarded to ","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2021-10-12T00:23:01+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe Nobel Memorial Prize in Economics was awarded to David Card, Joshua D. Angrist and Guido W. Imbens\u003c/li\u003e\n \u003cli\u003eThe Nobel Prize in Economics is actually the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel\u003c/li\u003e\n \u003cli\u003eThe prize is popularly known as the Nobel Memorial Prize in Economic Sciences\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1633978380310,\\\"strCount\\\":4547,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The 2021 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel has been awarded with one half to David Card and the other half jointly to Joshua D. Angrist and Guido W. Imbens.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nobel in\\\\nEconomics is different from the \u003ca href=\\\\\\\"https://opoyi.com/dmitry-muratov-russian-nobel-winner-says-peace-prize-not-for-me?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eall the other Nobel prizes\u003c/a\u003e, to the effect that\\\\nthe Economics Nobel is not a Nobel at all. What in popular parlance is referred\\\\nto as the Nobel Prize in Economics, the last of the awards announced among the\\\\nNobel Prizes is really the Sveriges Riksbank Prize in Economic Sciences in\\\\nMemory of Alfred Nobel. Therefore, there is not really a Nobel Prize in\\\\nEconomics.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read |\u0026nbsp;\u003c/b\u003e\u003ca href=\\\\\\\"https://opoyi.com/abdulrazak-gurnah-tanzanian-novelist-thought-nobel-prize-call-was-a-prank?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eAbdulrazak Gurnah, Tanzanian novelist, thought Nobel Prize call was a 'prank'\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eHow did the\\\\nNobel Prize in Economics come about?\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"When Alfred Nobel,\\\\nthe Swedish scientist most well known for the discovery of dynamite, conceived\\\\nof the Nobel Prize in his will, he intended for five Nobel Prizes to be awarded\\\\nto luminaries in the field of Physics, \u003ca href=\\\\\\\"https://opoyi.com/who-is-dmitry-muratov?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eChemistry\u003c/a\u003e, Physiology or Medicine, \u003ca href=\\\\\\\"https://opoyi.com/nobel-literary-winner-says-governments-lack-compassion-for-refugees?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eLiterature\u003c/a\u003e\\\\nand Peace.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read |\u0026nbsp;\u003c/b\u003e\\\\n\u003ca href=\\\\\\\"https://opoyi.com/journalists-maria-ressa-and-dmitry-muratov-win-nobel-peace-prize-2021?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eJournalists Maria Ressa and Dmitry Muratov win Nobel Peace Prize 2021\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"It was only in\\\\n1968, that the Sveriges Riksbank (Sweden’s central bank) established the Sveriges\\\\nRiksbank Prize in Economic Sciences in Memory of Alfred Nobel.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read |\u0026nbsp;\u003c/b\u003e\u003ca href=\\\\\\\"https://opoyi.com/nobel-literary-winner-says-governments-lack-compassion-for-refugees?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eNobel literary winner says governments lack compassion for refugees\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eWhat is the Sveriges\\\\nRiksbank? \u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Sveriges Riksbank,\\\\nalso knows as Riksbank, is the central bank of Sweden. Sveriges Riksbank is the\\\\nworld’s oldest central bank and the fourth oldest bank in operation, and has\\\\nbeen running since 1668.\u0026nbsp;\\\\n\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003e\\\\nAlso read |\u003c/b\u003e\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/who-is-david-macmillan?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eWho is David MacMillan? Nobel Prize winner in Chemistry along with Benjamin List\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eWhy did\\\\nSveriges Riksbank announce a prize in memory of Alfred Nobel?\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In 1968, on the\\\\noccasion of Sweden’s central bank’s 300th anniversary, the bank\\\\npledged a donation to the Nobel Foundation to award a prize in memory of Alfred\\\\nNobel. The prize was officially rechristened “Sveriges Riksbank Prize in\\\\nEconomic Sciences in Memory of \u003ca href=\\\\\\\"https://opoyi.com/who-is-maria-angelita-ressa?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eAlfred Nobel\u003c/a\u003e”. The prize is popularly known as\\\\nthe “Nobel Memorial Prize in Economic Sciences”.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read |\u0026nbsp;\u003c/b\u003e\\\\n\u003ca href=\\\\\\\"https://opoyi.com/nobel-in-chemistry-honours-greener-way-to-build-molecules?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eNobel in chemistry honours 'greener' way to build molecules\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Sveriges\\\\nRiksbank pledged to match the prize money of the original Nobels, and bear all\\\\nadministrative expenses. The prize is administered by the Nobel Foundation.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read |\u0026nbsp;\u003c/b\u003e\u003ca href=\\\\\\\"https://opoyi.com/dmitry-muratov-russian-nobel-winner-says-peace-prize-not-for-me?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eDmitry Muratov, Russian Nobel winner, says Peace Prize not for me\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eHow is the\\\\nNobel Prize in Economics decided?\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nobel Prize in\\\\nEconomics is determined by the Royal Swedish Academy of Sciences (RSAS). RSAS\\\\ndetermines who will receive a secret invitation to nominate a candidate. The\\\\nlist of nominees is not released for fifty years. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eWho won the\\\\nfirst Nobel Prize in Economics? \u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Paul Samuelson was\\\\nthe first person to win the Sveriges Riksbank Prize in Economic Sciences in\\\\nMemory of Alfred Nobel. The University of Chicago has the highest number of\\\\nNobel laureates till date. \u0026nbsp;\u0026nbsp;\\\"}}]}","relatedPosts":null,"location":{"name":"Stockholm, Sweden"},"createdBy":{"name":"Sammya Mukhopadhyay","photo":"https://opoyi.com/images/opoyi_3P8-dIXou.jpg?tr=w-600,q-70,dpr","username":"sammya","id":"eHHzkYx6brHC","role":null},"topics":[{"name":"NobelPrize","slug":"nobelprize","id":"BudzCgZugaF0","isSection":0},{"name":"NobelLaureate","slug":"nobellaureate","id":"V9ksBYK8aTjn","isSection":0},{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0},{"name":"news","slug":"news","id":"TtrHLXvjg4wB","isSection":0},{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1},{"name":"sweden","slug":"sweden","id":"jhcLIkirtOh9","isSection":0},{"name":"global","slug":"global","id":"uBIUt4MURVrY","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Sammya Mukhopadhyay","id":"GOl1ARDbv7mE","username":"u8637881244","role":3,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2021-10-11T15:50:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"The 2021 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel has been awarded with one half to David Card and the other half jointly to Joshua D. Angrist and Guido W. Imbens. The Nobel in Economics is different from the all the other Nobel prizes, to the effect that the Economics Nobel is not a Nobel at all. What in popular parlance is referred to as the Nobel Prize in Economics, the last of the awards announced among the Nobel Prizes is really the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. Therefore, there is not really a Nobel Prize in Economics. Also Read | Abdulrazak Gurnah, Tanzanian novelist, thought Nobel Prize call was a 'prank',How did the Nobel Prize in Economics come about?,When Alfred Nobel, the Swedish scientist most well known for the discovery of dynamite, conceived of the Nobel Prize in his will, he intended for five Nobel Prizes to be awarded to luminaries in the field of Physics, Chemistry, Physiology or Medicine, Literature and Peace. Also Read | Journalists Maria Ressa and Dmitry Muratov win Nobel Peace Prize 2021,It was only in 1968, that the Sveriges Riksbank (Sweden’s central bank) established the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. Also Read | Nobel literary winner says governments lack compassion for refugees,What is the Sveriges Riksbank? ,The Sveriges Riksbank, also knows as Riksbank, is the central bank of Sweden. Sveriges Riksbank is the world’s oldest central bank and the fourth oldest bank in operation, and has been running since 1668. , Also read | Who is David MacMillan? Nobel Prize winner in Chemistry along with Benjamin List,Why did Sveriges Riksbank announce a prize in memory of Alfred Nobel?,In 1968, on the occasion of Sweden’s central bank’s 300th anniversary, the bank pledged a donation to the Nobel Foundation to award a prize in memory of Alfred Nobel. The prize was officially rechristened “Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel”. The prize is popularly known as the “Nobel Memorial Prize in Economic Sciences”. Also Read | Nobel in chemistry honours 'greener' way to build molecules,The Sveriges Riksbank pledged to match the prize money of the original Nobels, and bear all administrative expenses. The prize is administered by the Nobel Foundation. Also Read | Dmitry Muratov, Russian Nobel winner, says Peace Prize not for me,How is the Nobel Prize in Economics decided?,The Nobel Prize in Economics is determined by the Royal Swedish Academy of Sciences (RSAS). RSAS determines who will receive a secret invitation to nominate a candidate. The list of nominees is not released for fifty years. ,Who won the first Nobel Prize in Economics? ,Paul Samuelson was the first person to win the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. The University of Chicago has the highest number of Nobel laureates till date.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"59.3293","longitude":"18.0686","name":"Stockholm, Sweden","city":"Stockholm"},"keywords":"Nobel Prize, Nobel Prize in Economics, Who won Nobel Prize in Economics, Sweden central bank, Sveriges Riksbank Prize, Swedish central bank","originalPublishedOn":"2021-10-11T15:50:00+05:30"}},{"node":{"id":"40jLJ3bc2Uag","slug":"nobel-panel-announces-david-card-joshua-d-angrist-and-guido-w-imbens-the-2021-winners-of-economic-sciences","slugV2":"world/nobel-panel-announces-david-card-joshua-d-angrist-and-guido-w-imbens-the-2021-winners-of-economic-sciences-137657/","title":"Three US-based economists receive Nobel Memorial Prize in Economics","postType":1,"coverMedia":"/opoyi_jG7IaWQes.jpg","coverCaption":"Three scientists had won the physics prize for work that found order in seeming disorder. (Photo Credit: AP)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2021-10-11T16:55:36+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe winners were David Card, Joshua Angrist and Guido Imbens\u003c/li\u003e\n \u003cli\u003eThe 2021 Nobel Peace Prize was awarded to Maria Ressa and Dmitry Muratov\u003c/li\u003e\n \u003cli\u003eRessa was the only woman honored this year in any category\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1633951537318,\\\"strCount\\\":2914,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nobel Committee on Monday announced\u0026nbsp;three U.S-based economists as the winners of \u003ca href=\\\\\\\"https://opoyi.com/world/why-the-nobel-prize-in-economics-is-not-really-a-nobel-prize-578094/\\\\\\\"\u003e2021 Nobel prize\u003c/a\u003e for economics for work on drawing conclusions from unintended experiments, or so-called \\\\\\\"natural experiments.\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The winners were \u003ca href=\\\\\\\"https://opoyi.com/world/who-is-david-card-635218/\\\\\\\"\u003eDavid Card\u003c/a\u003e of the University of California at Berkeley; \u003ca href=\\\\\\\"https://opoyi.com/world/who-is-joshua-angrist-171661/\\\\\\\"\u003eJoshua Angrist\u003c/a\u003e from the Massachusetts Institute of Technology; and \u003ca href=\\\\\\\"https://opoyi.com/world/who-is-guido-imbens-676199/\\\\\\\"\u003eGuido Imbens\u003c/a\u003e from Stanford University.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/world/dmitry-muratov-russian-nobel-winner-says-peace-prize-not-for-me-575803/\\\\\\\"\u003eRoyal Swedish Academy\u003c/a\u003e of Scienes said the three have “completely reshaped empirical work in the economic sciences.”\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/technology/peace-prize-for-scribes-what-it-says-about-freedom-in-russia-philippines-230511/\\\\\\\"\u003ePeace Prize for scribes: What it says about freedom in Russia, Philippines\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“Card’s studies of core questions for society and Angrist and Imbens’ methodological contributions have shown that natural experiments are a rich source of knowledge,” Associated Press reported Peter Fredriksson, chair of the Economic Sciences Committee as saying.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Unlike the other Nobel prizes, the economics award wasn’t established in the will of Alfred Nobel but by the Swedish central bank in his memory in 1968, with the first winner selected a year later. It is the last prize announced each year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Last week, the 2021 Nobel Peace Prize was awarded to journalists Maria Ressa of the Philippines and Dmitry Muratov of Russia for their fight for freedom of expression in countries where reporters have faced persistent attacks, harassment and even murder.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/nobel-literary-winner-says-governments-lack-compassion-for-refugees-203766/\\\\\\\"\u003eNobel literary winner says governments lack compassion for refugees\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Ressa was the only woman honored this year in any category.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Nobel Prize for literature was awarded to U.K.-based Tanzanian writer Abdulrazak Gurnah, who was recognized for his “uncompromising and compassionate penetration of the effects of colonialism and the fate of the refugee.”\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The prize for physiology or medicine went to Americans David Julius and Ardem Patapoutian for their discoveries into how the human body perceives temperature and touch.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Three scientists won the physics prize for work that found order in seeming disorder, helping to explain and predict complex forces of nature, including expanding our understanding of climate change.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Benjamin List and David W.C. MacMillan won the chemistry prize for finding an easier and environmentally cleaner way to build molecules that can be used to make compounds, including medicines and pesticides.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003e\u003ci\u003e(With inputs from Associated Press)\u003c/i\u003e\u003c/b\u003e\\\"}}]}","relatedPosts":null,"location":{"name":"Stockholm, Sweden"},"createdBy":{"name":"Ajay Joseph","photo":null,"username":"ajay4396","id":"LFYsY6JozEMx","role":null},"topics":[{"name":"NobelPrize","slug":"nobelprize","id":"BudzCgZugaF0","isSection":0},{"name":"winner","slug":"winner","id":"vxOH8PE7GKSl","isSection":0},{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1},{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Ajay Joseph","id":"LFYsY6JozEMx","username":"ajay4396","role":1,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2021-10-11T15:36:55+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Nobel Committee on Monday announced three U.S-based economists as the winners of 2021 Nobel prize for economics for work on drawing conclusions from unintended experiments, or so-called natural experiments. The winners were David Card of the University of California at Berkeley; Joshua Angrist from the Massachusetts Institute of Technology; and Guido Imbens from Stanford University. The Royal Swedish Academy of Scienes said the three have “completely reshaped empirical work in the economic sciences.”,Also read: Peace Prize for scribes: What it says about freedom in Russia, Philippines,“Card’s studies of core questions for society and Angrist and Imbens’ methodological contributions have shown that natural experiments are a rich source of knowledge,” Associated Press reported Peter Fredriksson, chair of the Economic Sciences Committee as saying. Unlike the other Nobel prizes, the economics award wasn’t established in the will of Alfred Nobel but by the Swedish central bank in his memory in 1968, with the first winner selected a year later. It is the last prize announced each year. Last week, the 2021 Nobel Peace Prize was awarded to journalists Maria Ressa of the Philippines and Dmitry Muratov of Russia for their fight for freedom of expression in countries where reporters have faced persistent attacks, harassment and even murder. Also read: Nobel literary winner says governments lack compassion for refugees,Ressa was the only woman honored this year in any category. The Nobel Prize for literature was awarded to U.K.-based Tanzanian writer Abdulrazak Gurnah, who was recognized for his “uncompromising and compassionate penetration of the effects of colonialism and the fate of the refugee.”,The prize for physiology or medicine went to Americans David Julius and Ardem Patapoutian for their discoveries into how the human body perceives temperature and touch. Three scientists won the physics prize for work that found order in seeming disorder, helping to explain and predict complex forces of nature, including expanding our understanding of climate change. Benjamin List and David W.C. MacMillan won the chemistry prize for finding an easier and environmentally cleaner way to build molecules that can be used to make compounds, including medicines and pesticides. (With inputs from Associated Press)","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"59.3293","longitude":"18.0686","name":"Stockholm, Sweden","city":"Stockholm"},"keywords":"Nobel, Nobel Prize winners, Nobel Memorial Prize in Economics, David Card, Joshua Angrist, Guido Imbens","originalPublishedOn":"2021-10-11T15:36:55+05:30"}},{"node":{"id":"pitROkzgad7Y","slug":"10-years-of-occupy-wall-street-movement-how-was-it-effective","slugV2":"world/10-years-of-occupy-wall-street-movement-how-was-it-effective-482627/","title":"10 years of Occupy Wall Street movement: How was it effective?","postType":1,"coverMedia":"/opoyi_0Mrt4hjC7.jpg","coverCaption":"The movement did not set specific policy goals. (Photo credit: PTI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2021-09-18T00:50:25+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe Occupy movement was a protest against income inequality in 2011\u003c/li\u003e\n \u003cli\u003eTen years after movement, the gap between the top and bottom income earners is still vast\u003c/li\u003e\n \u003cli\u003eColumbia University Professor Todd Gitlin said the movement impacted politics\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1631906424670,\\\"strCount\\\":2471,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The \u003ca href=\\\\\\\"https://opoyi.com/world/north-carolina-voter-id-law-declared-unconstitutional-121337/\\\\\\\"\u003eOccupy Wall Street\u003c/a\u003e movement was a protest against income inequality. Several participants argued the gap between the 1 percent, or ultra-rich, and everyone else was unfair.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to reports, \u003ca href=\\\\\\\"https://opoyi.com/usa/mayor-london-breed-spotted-unmasked-violating-san-franciscos-covid-protocol-631481/\\\\\\\"\u003ethe movement\u003c/a\u003e, which spread through social media, did not set specific policy goals. It rather gave people a platform to voice their concerns.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Todd Gitlin, a professor at \u003ca href=\\\\\\\"https://opoyi.com/usa/who-is-london-breed-367197/\\\\\\\"\u003eColumbia University\u003c/a\u003e, who has also written about the movement, said at first he did not think it would go anywhere. However, the initial \u003ca href=\\\\\\\"https://opoyi.com/usa/us-may-revive-prison-protections-for-transgenders-rolled-back-in-trump-era-525192/\\\\\\\"\u003eimpression changed\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/mayor-london-breed-spotted-unmasked-violating-san-franciscos-covid-protocol-631481/\\\\\\\"\u003eMayor London Breed spotted unmasked, violating San Francisco's COVID protocol\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"He said the movement impacted politics, specifically what he calls the Sen. Bernie Sanders movement.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"To think that such a thing that was directly anti-political would have an effect on the political system was rather an astonishing thing,\\\\\\\" Spectrum Local News reported Gitlin as saying.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"While the movement had a political impact, the gap between the top and bottom income earners is still vast.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"According to the Economic Policy Institute, the top 1 percent of earners saw their wages grow from 1979-2019 by 160 percent. But the bottom 90 percent of earners only saw their incomes grow to 26 percent.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/who-is-london-breed-367197/\\\\\\\"\u003eWho is London Breed?\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"While the tents that popped up in parks and various notable spots are long gone and the place where Bradley slept is now a parking lot, he said the fight continues.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"The problem is worse now than it was 10 years ago … you can live without the 1%, you can’t live without the working class ... we need to do something, we need to get together,\\\\\\\" Bradley said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"However, the Occupy Wall Street movement had two things in common: the tactic of occupying public spaces for days and weeks at a time, and the goal of unseating unjust accretions of power.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Taken together, that time, space, and rebellion led to another common feature: radical experiments with what a truly accountable democracy might look like.\\\"}}]}","relatedPosts":null,"location":{"name":"New York, NY, USA"},"createdBy":{"name":"Ajay Joseph","photo":null,"username":"ajay4396","id":"LFYsY6JozEMx","role":null},"topics":[{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"WallStreet","slug":"wallstreet","id":"guQdwfqs9ehK","isSection":0},{"name":"Protest","slug":"protest","id":"n3apJZA2HX3e","isSection":0},{"name":"World","slug":"world","id":"iEhRQcab92b8","isSection":1},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Ajay Joseph","id":"ErM9QNKe0Bsb","username":"ajayjoseph","role":3,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2021-09-18T00:45:16+05:30","publisher":0,"sourceFeed":null,"cleanText":"The Occupy Wall Street movement was a protest against income inequality. Several participants argued the gap between the 1 percent, or ultra-rich, and everyone else was unfair. According to reports, the movement, which spread through social media, did not set specific policy goals. It rather gave people a platform to voice their concerns. Todd Gitlin, a professor at Columbia University, who has also written about the movement, said at first he did not think it would go anywhere. However, the initial impression changed. Also read: Mayor London Breed spotted unmasked, violating San Francisco's COVID protocol,He said the movement impacted politics, specifically what he calls the Sen. Bernie Sanders movement. To think that such a thing that was directly anti-political would have an effect on the political system was rather an astonishing thing, Spectrum Local News reported Gitlin as saying. While the movement had a political impact, the gap between the top and bottom income earners is still vast. According to the Economic Policy Institute, the top 1 percent of earners saw their wages grow from 1979-2019 by 160 percent. But the bottom 90 percent of earners only saw their incomes grow to 26 percent. Also read: Who is London Breed?,While the tents that popped up in parks and various notable spots are long gone and the place where Bradley slept is now a parking lot, he said the fight continues. The problem is worse now than it was 10 years ago … you can live without the 1%, you can’t live without the working class ... we need to do something, we need to get together, Bradley said. However, the Occupy Wall Street movement had two things in common: the tactic of occupying public spaces for days and weeks at a time, and the goal of unseating unjust accretions of power. Taken together, that time, space, and rebellion led to another common feature: radical experiments with what a truly accountable democracy might look like.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"40.7128","longitude":"-74.006","name":"New York, NY, USA","city":"New York City"},"keywords":"United States, Wall Street, Protest, World, Economy, Economics, Wall Street protest, 10 years of wall street protest","originalPublishedOn":"2021-09-18T00:45:16+05:30"}},{"node":{"id":"aQ8aQGBd9XdT","slug":"irctc-breaks-into-top-100-most-valuable-companies-on-bombay-stock-exchange","slugV2":"business/irctc-breaks-into-top-100-most-valuable-companies-on-bombay-stock-exchange-206773/","title":"IRCTC breaks into top 100 most valuable companies on Bombay Stock Exchange","postType":1,"coverMedia":"https://ik.imagekit.io/o8plo3y5if/opoyi_isU_Cz3Yi-.jpg","coverCaption":"IRCTC controls 73% share of ticket-booking services (Photo Credit: PTI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2021-09-06T14:11:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eIRCTC shares have been rising steadily since April\u003c/li\u003e\n \u003cli\u003eOn Monday morning, IRCTC’s m-cap stood at Rs 48,213 crore\u003c/li\u003e\n \u003cli\u003eIRCTC conducted a stock split in August\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1630917020590,\\\"strCount\\\":2726,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/indian-railways-extends-periodicity-of-festival-special-trains-full-list-here?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eIRCTC\u003c/a\u003e,\\\\nIndian Railway Catering and Tourism Corporation, became the top 100 most\\\\nvaluable listed companies’ club after the transport services firm’s stock hit a\\\\nnew high of Rs 3,041.20, going up 6% on the BSE in intra-trade day on Monday.\\\\nThe IRCTC stock has rallied from its low of Rs 1,541 on April 19. IRCTC’s\\\\nmarket capitalisation (m-cap) stands at Rs 48,213 crore on Monday morning. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The\\\\n\u003ca href=\\\\\\\"https://opoyi.com/indian-railways-extends-periodicity-of-festival-special-trains-full-list-here?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003estate-owned transport services company\u003c/a\u003e surpassed Colgate-Palmolive (india),\\\\nCholamandalam Investment and Finance Company, Hindustan Aeronautics Limited (HAL),\\\\nBalkrishna Industries, ACC and Bandhan Bank. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Indian\\\\nRailway Catering and Tourism Corporation is the only agency authorized to\\\\nprovide catering services to railways, online railway tickets and packaged\\\\ndrinking water at railway stations and trains in India.\u003ca href=\\\\\\\"https://opoyi.com/irctc-announces-stock-split-shares-zoom-to-an-all-time-high?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003e IRCTC dominates online\\\\ntrain ticket bookings\u003c/a\u003e with 73% of the share and packaged drinking water with\\\\n45% of the share. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The rally\\\\nin IRCTC’s stocks follows the \u003ca href=\\\\\\\"https://opoyi.com/irctc-stock-split-10-things-to-know?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003eIRCTC board approving a stock split\u003c/a\u003e in 1:5 ratio\\\\nto enhance the firm’s liquidity in the capital market as well as to widen the\\\\nshareholder base and make the shares available to small investors. The IRCTC\\\\nboard split one equity share of the company at a face value of Rs 10 into five\\\\nequity shares at a face value of Rs 2 each. This is subject to approval of the\\\\nMinistry of Railways. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Usually, a\\\\nstock split is done in order to make a stock more affordable for small retail\\\\ninvestors and improve liquidity. Stock splitting refers to splitting the face\\\\nvalue of shares of companies, wherein the \u003ca href=\\\\\\\"https://opoyi.com/now-track-irctc-live-train-status-on-whatsapp?utm_source=copy-share\u0026amp;utm_medium=web\u0026amp;utm_campaign=none\\\\\\\"\u003enumber of shares of the company\\\\nincreases\u003c/a\u003e but the market cap remains the same. Therefore, existing shares\\\\nsplit, but the underlying value remains the same. The number of shares\\\\nincreases, the price per share decreases. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In order to\\\\nfurther boost revenue, IRCTC is now planning to launch adventure tour packages\\\\nand give emphasis on customised tour packages, especially for small groups. \\\"}}]}","relatedPosts":null,"location":{"name":"Mumbai, Maharashtra, India"},"createdBy":{"name":"Sammya Mukhopadhyay","photo":"https://opoyi.com/images/opoyi_3P8-dIXou.jpg?tr=w-600,q-70,dpr","username":"sammya","id":"eHHzkYx6brHC","role":null},"topics":[{"name":"IRCTC","slug":"irctc","id":"E3L3Ny1p8UVY","isSection":0},{"name":"IndianRailways","slug":"indianrailways","id":"v3QLikUQ0g56","isSection":0},{"name":"StockExchange","slug":"stockexchange","id":"OH9GDHEEbwFC","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"Stock","slug":"stock","id":"uZuvdp8bQRRG","isSection":0},{"name":"equity","slug":"equity","id":"QrmqvZcVSGqP","isSection":0},{"name":"news","slug":"news","id":"TtrHLXvjg4wB","isSection":0},{"name":"IndiaNews","slug":"indianews","id":"hmzqkpDB7jEj","isSection":0},{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Sammya Mukhopadhyay","id":"GOl1ARDbv7mE","username":"u8637881244","role":3,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2021-09-06T14:11:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"IRCTC, Indian Railway Catering and Tourism Corporation, became the top 100 most valuable listed companies’ club after the transport services firm’s stock hit a new high of Rs 3,041.20, going up 6% on the BSE in intra-trade day on Monday. The IRCTC stock has rallied from its low of Rs 1,541 on April 19. IRCTC’s market capitalisation (m-cap) stands at Rs 48,213 crore on Monday morning. ,The state-owned transport services company surpassed Colgate-Palmolive (india), Cholamandalam Investment and Finance Company, Hindustan Aeronautics Limited (HAL), Balkrishna Industries, ACC and Bandhan Bank. ,The Indian Railway Catering and Tourism Corporation is the only agency authorized to provide catering services to railways, online railway tickets and packaged drinking water at railway stations and trains in India. IRCTC dominates online train ticket bookings with 73% of the share and packaged drinking water with 45% of the share. ,The rally in IRCTC’s stocks follows the IRCTC board approving a stock split in 1:5 ratio to enhance the firm’s liquidity in the capital market as well as to widen the shareholder base and make the shares available to small investors. The IRCTC board split one equity share of the company at a face value of Rs 10 into five equity shares at a face value of Rs 2 each. This is subject to approval of the Ministry of Railways. ,Usually, a stock split is done in order to make a stock more affordable for small retail investors and improve liquidity. Stock splitting refers to splitting the face value of shares of companies, wherein the number of shares of the company increases but the market cap remains the same. Therefore, existing shares split, but the underlying value remains the same. The number of shares increases, the price per share decreases. ,In order to further boost revenue, IRCTC is now planning to launch adventure tour packages and give emphasis on customised tour packages, especially for small groups.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"19.076","longitude":"72.8777","name":"Mumbai, Maharashtra, India","city":"Mumbai"},"keywords":"IRCTC, IRCTC stock, IRCTC stock price, BSE, railway, Indian railway, trains","originalPublishedOn":"2021-09-06T14:11:00+05:30"}},{"node":{"id":"OHvYncvKUK2T","slug":"coinbase-is-handing-out-bitcoin-worth-100-to-some-customers-find-out-why","slugV2":"usa/coinbase-is-handing-out-bitcoin-worth-100-to-some-customers-find-out-why-463266/","title":"Coinbase is handing out bitcoin worth $100 to some customers, find out why","postType":1,"coverMedia":"/opoyi_bpkLn5oAb.jpg","coverCaption":"The company did not mention how many customers will receive the bitcoin. (Photo Credit: UnSplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2021-09-01T17:44:39+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eCryptocurrency company Coinbase is giving bitcoin worth $100 to some customers\u003c/li\u003e\n \u003cli\u003eThis is after it sent them notification that their security settings had been changed\u003c/li\u003e\n \u003cli\u003eThe alert sparked fears that their accounts may have been hacked\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1630498478341,\\\"strCount\\\":2502,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/world/cryptocurrencies-and-the-establishment-the-present-and-the-future-666366/\\\\\\\"\u003eCryptocurrency \u003c/a\u003ecompany Coinbase is giving \u003ca href=\\\\\\\"https://opoyi.com/topics/bitcoin/\\\\\\\"\u003ebitcoin\u003c/a\u003e worth $100 to some customers after mistakenly sending them notification that their security settings had been changed, sparking fears that their accounts may have been hacked.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In a statement, the company said that the alerts went out to about 125,000 customers by email or text message notifying them that their two-factor authentication settings had been changed. As the settings were not adjusted by the customers themselves, the alert sparked fears that their accounts may have been hacked.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/cryptocurrency-heist-hackers-steal-600-million-from-defi-provider-368826/\\\\\\\"\u003eCryptocurrency heist: Hackers steal $600 million from Defi provider\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Our teams immediately recognized the problem and worked as quickly as possible to ensure these erroneous notifications were stopped and the underlying issue fixed,\\\\\\\" the company said in a statement.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"We’re laser focused on building trust and security into the crypto community so that the open financial system we all want is a reality. We recognize that issues like this can hurt that trust. We will continue to work to gain back the trust of every one of our customers who was impacted by those notifications,\\\\\\\" it added.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Also Read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/jack-dorseys-square-to-buy-financial-tech-company-afterpay-for-29-billion-653618/\\\\\\\"\u003eJack Dorsey's Square to buy financial tech company Afterpay for $29 billion\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The company did not mention how many customers make up that \\\\\\\"small number\\\\\\\" who will receive bitcoin.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"After the statement was released, several people took to Reddit to say that they had received an apology from the company but not the bitcoin.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"I received an email as well, but no mention of $100 in \u003ca href=\\\\\\\"https://opoyi.com/world/major-tech-companies-show-their-interest-in-bitcoin-387416/\\\\\\\"\u003eBTC\u003c/a\u003e. Just a sincere apology. Not really a relief after quickly removing all my financial information and locking all of my linked deposit accounts. Then panicking that I had been hacked,\\\\\\\" one person wrote.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Received the mail and SMS, panicked, panicked more, then the all-clear message. No $100 compensation for me,\\\\\\\" wrote another user.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"I received the text and status message on on both Coumbase and Coinbase Pro. Buy surprise, no $100 in BTC in either account,\\\\\\\" another person wrote.\u0026nbsp;\\\"}}]}","relatedPosts":null,"location":{"name":"California, USA"},"createdBy":{"name":"Vaishnavi Vaidyanathan","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_IhwUkQGyI.jpg","username":"VaishnaviVaidyanathan","id":"YBsZsSLCYUlz","role":null},"topics":[{"name":"Bitcoin","slug":"bitcoin","id":"b6gsXRHnIQWf","isSection":0},{"name":"Cryptocurrency","slug":"cryptocurrency","id":"L7OoyefNLuEh","isSection":0},{"name":"Coinbase","slug":"coinbase","id":"kduHp9JiGJPN","isSection":0},{"name":"Money","slug":"money","id":"upNlvoTnRROF","isSection":0},{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0},{"name":"SocialMedia","slug":"socialmedia","id":"IDS3Gtya3gaP","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Vaishnavi Vaidyanathan","id":"YBsZsSLCYUlz","username":"VaishnaviVaidyanathan","role":1,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2021-09-01T17:19:18+05:30","publisher":6,"sourceFeed":null,"cleanText":"Cryptocurrency company Coinbase is giving bitcoin worth $100 to some customers after mistakenly sending them notification that their security settings had been changed, sparking fears that their accounts may have been hacked. ,In a statement, the company said that the alerts went out to about 125,000 customers by email or text message notifying them that their two-factor authentication settings had been changed. As the settings were not adjusted by the customers themselves, the alert sparked fears that their accounts may have been hacked. ,Also Read: Cryptocurrency heist: Hackers steal $600 million from Defi provider,Our teams immediately recognized the problem and worked as quickly as possible to ensure these erroneous notifications were stopped and the underlying issue fixed, the company said in a statement. ,We’re laser focused on building trust and security into the crypto community so that the open financial system we all want is a reality. We recognize that issues like this can hurt that trust. We will continue to work to gain back the trust of every one of our customers who was impacted by those notifications, it added. Also Read: Jack Dorsey's Square to buy financial tech company Afterpay for $29 billion,The company did not mention how many customers make up that small number who will receive bitcoin. ,After the statement was released, several people took to Reddit to say that they had received an apology from the company but not the bitcoin. ,I received an email as well, but no mention of $100 in BTC. Just a sincere apology. Not really a relief after quickly removing all my financial information and locking all of my linked deposit accounts. Then panicking that I had been hacked, one person wrote. Received the mail and SMS, panicked, panicked more, then the all-clear message. No $100 compensation for me, wrote another user. ,I received the text and status message on on both Coumbase and Coinbase Pro. Buy surprise, no $100 in BTC in either account, another person wrote.","portalUser":{"id":"lkyQnhI6xk8o","name":"Opoyi Buzz","username":"OpoyiBuzz","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_Xzp4oUynR.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"36.7783","longitude":"-119.4179","name":"California, USA","city":"Sanger"},"keywords":"Coinbase, Coinbase customer, bitocin,","originalPublishedOn":"2021-09-01T17:19:18+05:30"}},{"node":{"id":"3cAngqKLyV6L","slug":"covid-recession-leads-social-security-a-year-closer-to-insolvency","slugV2":"usa/covid-recession-leads-social-security-a-year-closer-to-insolvency-130347/","title":"COVID recession leads Social Security a year closer to insolvency","postType":1,"coverMedia":"/opoyi_B7tOBjHmI8.jpg","coverCaption":"For the first time in 39 years the cost of delivering benefits will exceed the program's total income. (Photo Credit: AP)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2021-09-01T05:51:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eSocial Security's massive trust fund will be unable to pay full benefits in 2034\u003c/li\u003e\n \u003cli\u003eIt will be tapping its savings to pay full benefits\u003c/li\u003e\n \u003cli\u003eThe depletion date for Medicare's trust fund remained unchanged from last year\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1630455503983,\\\"strCount\\\":7509,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The sharp shock of the coronavirus recession pushed \u003ca href=\\\\\\\"https://opoyi.com/topics/socialsecurity/\\\\\\\"\u003eSocial Security\u003c/a\u003e a year closer to insolvency but left Medicare's exhaustion date unchanged, the government reported Tuesday in a counterintuitive assessment that deepens the uncertainty around the nation's bedrock retirement programs.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The new projections in the annual Social Security and \u003ca href=\\\\\\\"https://opoyi.com/topics/medicare/\\\\\\\"\u003eMedicare\u003c/a\u003e trustees reports indicate that Social Security's massive trust fund will be unable to pay full benefits in 2034 instead of last year's estimated exhaustion date of 2035. For the first time in 39 years the cost of delivering benefits will exceed the program's total income from payroll tax collections and interest during this year. From here on, \u003ca href=\\\\\\\"https://opoyi.com/topics/socialsecurity/\\\\\\\"\u003eSocial Security\u003c/a\u003e will be tapping its savings to pay full benefits.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/will-americans-get-the-1400-stimulus-check-in-2022-519773/\\\\\\\"\u003eWill Americans get the $1,400 stimulus check in 2022?\u003c/a\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The depletion date for Medicare's trust fund for inpatient care remained unchanged from last year, estimated in 2026.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In the 1980s, financial warnings about Social Security prompted then-President Ronald Reagan and lawmakers of both parties in Congress to collaborate on a long-term solvency plan, but such action is unlikely in today's bitter political climate. Democrats who control the White House and Congress offered assurances they would protect both programs.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"The Biden-Harris administration is committed to safeguarding these programs and ensuring they continue to deliver economic security and health care to older \u003ca href=\\\\\\\"https://opoyi.com/topics/american/\\\\\\\"\u003eAmericans\u003c/a\u003e,\\\\\\\" Treasury Secretary Janet Yellen said in a statement.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The latest estimates reflected the push and pull of many factors flowing from the pandemic, and the full impact may take years to sort out. The deep but relatively short recession slashed revenue from payroll taxes. But the death toll from \u003ca href=\\\\\\\"https://opoyi.com/topics/covid19/\\\\\\\"\u003eCOVID-19\u003c/a\u003e, concentrated among older people, reduced future Social Security benefit payouts. Hospitals were stressed by the influx of COVID patients, but Medicare didn't have to pay for as many knee surgeries, colonoscopies and other more routine procedures. Birth rates and immigration, which tend to bolster the two programs, both fell.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read:\u0026nbsp;\u003c/b\u003e\u003ca href=\\\\\\\"https://opoyi.com/world/us-economy-has-been-permanently-changed-says-fed-chair-jerome-powell-519245/\\\\\\\"\u003e\u003cb\u003eUS economy has been permanently changed, says Fed chair Jerome Powell\u003c/b\u003e\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"For Social Security, the loss of payroll tax revenue outweighed any savings from what the program would have paid out to people whose lives were lost in the \u003ca href=\\\\\\\"https://opoyi.com/topics/pandemic/\\\\\\\"\u003epandemic\u003c/a\u003e. The report noted that employment, earnings, interest rates and economic growth plummeted in the second quarter of 2020 after the pandemic hit the\u003ca href=\\\\\\\"https://opoyi.com/topics/unitedstates/\\\\\\\"\u003e United States\u003c/a\u003e.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"The finances of both programs have been significantly affected by the pandemic and the recession of 2020,\\\\\\\" the trustees said. But \\\\\\\"given the unprecedented level of uncertainty\\\\\\\" there was no consensus on what the long-lasting effects of the pandemic would be. A looming question for \u003ca href=\\\\\\\"https://opoyi.com/topics/medicare/\\\\\\\"\u003eMedicare\u003c/a\u003e: Will the population of beneficiaries who survived the pandemic be healthier on the whole, or will a high number suffer from new conditions like long COVID?\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Social Security pays benefits to more than 65 million Americans, mainly retirees but also disabled people and survivors of deceased workers. Medicare covers more than 60 million older and disabled people. Together, both programs account for more than 40% of the federal budget, and act as stabilizer not only for families, but for the national economy.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"While long-term projections are sobering, in the short run there was some good news for Social Security recipients.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Government \u003ca href=\\\\\\\"https://opoyi.com/topics/economics/\\\\\\\"\u003eeconomic\u003c/a\u003e experts who prepared the Social Security report estimated recent increases in inflation mean the cost-of-living adjustment for 2022 will approach 6%, a whopping jump from the 1.3% COLA awarded for this year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Some of that may go for higher Medicare costs. The Medicare \\\\\\\"Part B\\\\\\\" premium for outpatient coverage was projected to rise by $10 a month in 2022, to $158.50 under the report's intermediate assumptions. The official number won't be released until later this year.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/world/us-economy-has-been-permanently-changed-says-fed-chair-jerome-powell-519245/\\\\\\\"\u003eUS budget deficit shows signs of improvement as country reopens\u003c/a\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Social Security and Medicare remain under intense financial pressure with the retirement of millions of baby boomers, who are living longer than previous generations.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"When the Social Security trust fund is depleted the government will be able to pay 78% of scheduled benefits, the report said. When Medicare's trust fund for inpatient care runs short, it will be able to pay only 91% of expected costs, mainly hospital bills.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Because reductions of that magnitude would cause a political uproar, it is likely that a future Congress would find ways to recover the lost benefits, either by hiking the payroll taxes paid by current workers or by increasing government borrowing to cover the shortfall. With \u003ca href=\\\\\\\"https://opoyi.com/topics/medicare/\\\\\\\"\u003eMedicare\u003c/a\u003e, lawmakers could also raise premiums paid by beneficiaries.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"It's unclear how the Medicare projections will affect the debate on Capitol Hill about authorizing the program to negotiate prescription drug prices and then using projected savings to provide new Medicare coverage for dental, vision and hearing services. \u003ca href=\\\\\\\"https://opoyi.com/topics/republican/\\\\\\\"\u003eRepublicans\u003c/a\u003e have argued that any savings should go to shore up the underlying program, not expand benefits. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Medicare report steered clear of making any projections about the new Alzheimer's drug, Aduhelm, which has a list price of $55,000. Most of the 6 million Americans dealing with Alzheimer's are covered by the program, though not all would be candidates for the medication. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The trustees' reports, which have been delayed for months, represent the government's effort to assess the impact of last year's pandemic and recession on Social Security and Medicare.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The U.S. economy lost a staggering 22.4 million jobs in March and April 2020 as the pandemic forced businesses to close or cut their hours and the economy went into recession.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"But the recession turned out to be brief and hiring has bounced back as economic growth has resumed. Employers have brought back 16.7 million jobs since April 2020 but that gain still leaves the labor force 5.7 million jobs below where it was before the pandemic hit.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The trustees of Social Security and Medicare include the secretaries of Treasury, Health and Human Services, and Labor, as well as the Social Security commissioner. They are supposed to be joined by two \\\\\\\"public trustees,\\\\\\\" knowledgeable private citizens who act as the eyes and ears of taxpayers and beneficiaries. But those posts have been vacant since July 2015 — before the end of the Obama administration. And this year there's no Social Security commissioner either, since \u003ca href=\\\\\\\"https://opoyi.com/topics/joebiden/\\\\\\\"\u003ePresident Joe Biden\u003c/a\u003e fired Andrew Saul, a holdover appointee from the Trump administration. \\\"}}]}","relatedPosts":null,"location":{"name":"Washington D.C., DC, USA"},"createdBy":{"name":"Kartik Chawla","photo":null,"username":"chawlakartik","id":"usmyiYNiozYp","role":null},"topics":[{"name":"SocialSecurity","slug":"socialsecurity","id":"iNKhWQFMicOm","isSection":0},{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"Recession","slug":"recession","id":"kTF38sWsaB2Q","isSection":0},{"name":"Coronavirus","slug":"coronavirus","id":"ZAlCyskRZCe9","isSection":0},{"name":"covid19","slug":"covid19","id":"S9X5iTjQfBZD","isSection":0},{"name":"Medicare","slug":"medicare","id":"R1KnuXeONCOk","isSection":0},{"name":"JoeBiden","slug":"joebiden","id":"tLOXw4T5mTfp","isSection":0},{"name":"DonaldTrump","slug":"donaldtrump","id":"2BkYVqd4njLi","isSection":0},{"name":"UnitedStates","slug":"unitedstates","id":"Lgr3hTOPJ0yv","isSection":0},{"name":"Law","slug":"law","id":"Aw4F5ERihOtX","isSection":0},{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0},{"name":"medical","slug":"medical","id":"4aU73kXb9Ixq","isSection":0},{"name":"USEconomy","slug":"useconomy","id":"xuPbZjQlomEt","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"AP","id":"8dFR8PhLJl4s","username":"associatedpress","role":8,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2021-09-01T05:50:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"The sharp shock of the coronavirus recession pushed Social Security a year closer to insolvency but left Medicare's exhaustion date unchanged, the government reported Tuesday in a counterintuitive assessment that deepens the uncertainty around the nation's bedrock retirement programs. The new projections in the annual Social Security and Medicare trustees reports indicate that Social Security's massive trust fund will be unable to pay full benefits in 2034 instead of last year's estimated exhaustion date of 2035. For the first time in 39 years the cost of delivering benefits will exceed the program's total income from payroll tax collections and interest during this year. From here on, Social Security will be tapping its savings to pay full benefits. Also Read: Will Americans get the $1,400 stimulus check in 2022?,The depletion date for Medicare's trust fund for inpatient care remained unchanged from last year, estimated in 2026. In the 1980s, financial warnings about Social Security prompted then-President Ronald Reagan and lawmakers of both parties in Congress to collaborate on a long-term solvency plan, but such action is unlikely in today's bitter political climate. Democrats who control the White House and Congress offered assurances they would protect both programs. The Biden-Harris administration is committed to safeguarding these programs and ensuring they continue to deliver economic security and health care to older Americans, Treasury Secretary Janet Yellen said in a statement. The latest estimates reflected the push and pull of many factors flowing from the pandemic, and the full impact may take years to sort out. The deep but relatively short recession slashed revenue from payroll taxes. But the death toll from COVID-19, concentrated among older people, reduced future Social Security benefit payouts. Hospitals were stressed by the influx of COVID patients, but Medicare didn't have to pay for as many knee surgeries, colonoscopies and other more routine procedures. Birth rates and immigration, which tend to bolster the two programs, both fell. Also Read: US economy has been permanently changed, says Fed chair Jerome Powell,For Social Security, the loss of payroll tax revenue outweighed any savings from what the program would have paid out to people whose lives were lost in the pandemic. The report noted that employment, earnings, interest rates and economic growth plummeted in the second quarter of 2020 after the pandemic hit the United States. The finances of both programs have been significantly affected by the pandemic and the recession of 2020, the trustees said. But given the unprecedented level of uncertainty there was no consensus on what the long-lasting effects of the pandemic would be. A looming question for Medicare: Will the population of beneficiaries who survived the pandemic be healthier on the whole, or will a high number suffer from new conditions like long COVID?,Social Security pays benefits to more than 65 million Americans, mainly retirees but also disabled people and survivors of deceased workers. Medicare covers more than 60 million older and disabled people. Together, both programs account for more than 40% of the federal budget, and act as stabilizer not only for families, but for the national economy. While long-term projections are sobering, in the short run there was some good news for Social Security recipients. Government economic experts who prepared the Social Security report estimated recent increases in inflation mean the cost-of-living adjustment for 2022 will approach 6%, a whopping jump from the 1.3% COLA awarded for this year. Some of that may go for higher Medicare costs. The Medicare Part B premium for outpatient coverage was projected to rise by $10 a month in 2022, to $158.50 under the report's intermediate assumptions. The official number won't be released until later this year. Also Read: US budget deficit shows signs of improvement as country reopens,Social Security and Medicare remain under intense financial pressure with the retirement of millions of baby boomers, who are living longer than previous generations. When the Social Security trust fund is depleted the government will be able to pay 78% of scheduled benefits, the report said. When Medicare's trust fund for inpatient care runs short, it will be able to pay only 91% of expected costs, mainly hospital bills. Because reductions of that magnitude would cause a political uproar, it is likely that a future Congress would find ways to recover the lost benefits, either by hiking the payroll taxes paid by current workers or by increasing government borrowing to cover the shortfall. With Medicare, lawmakers could also raise premiums paid by beneficiaries. It's unclear how the Medicare projections will affect the debate on Capitol Hill about authorizing the program to negotiate prescription drug prices and then using projected savings to provide new Medicare coverage for dental, vision and hearing services. Republicans have argued that any savings should go to shore up the underlying program, not expand benefits. ,The Medicare report steered clear of making any projections about the new Alzheimer's drug, Aduhelm, which has a list price of $55,000. Most of the 6 million Americans dealing with Alzheimer's are covered by the program, though not all would be candidates for the medication. ,The trustees' reports, which have been delayed for months, represent the government's effort to assess the impact of last year's pandemic and recession on Social Security and Medicare. The U.S. economy lost a staggering 22.4 million jobs in March and April 2020 as the pandemic forced businesses to close or cut their hours and the economy went into recession. But the recession turned out to be brief and hiring has bounced back as economic growth has resumed. Employers have brought back 16.7 million jobs since April 2020 but that gain still leaves the labor force 5.7 million jobs below where it was before the pandemic hit. The trustees of Social Security and Medicare include the secretaries of Treasury, Health and Human Services, and Labor, as well as the Social Security commissioner. They are supposed to be joined by two public trustees, knowledgeable private citizens who act as the eyes and ears of taxpayers and beneficiaries. But those posts have been vacant since July 2015 — before the end of the Obama administration. And this year there's no Social Security commissioner either, since President Joe Biden fired Andrew Saul, a holdover appointee from the Trump administration.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"38.9072","longitude":"-77.0369","name":"Washington D.C., DC, USA","city":"Washington"},"keywords":" coronavirus recession, Social Security, Medicare's exhaustion, Social Security insolvency, US economy","originalPublishedOn":"2021-09-01T05:50:00+05:30"}},{"node":{"id":"OOQ64aSWUl2w","slug":"all-about-kristalina-georgieva-imfs-managing-director","slugV2":"india/all-about-kristalina-georgieva-imfs-managing-director-467414/","title":"All about Kristalina Georgieva, IMF's Managing Director","postType":1,"coverMedia":"https://ik.imagekit.io/o8plo3y5if/opoyi_q7ymgqTYfh.jpg","coverCaption":"Kristalina Georgieva was born in Sofia, Bulgaria on August 13, 1953. (PTI Photo)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2021-02-27T17:43:45+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eKristalina Georgieva has served as the Managing Director for the IM since October 1, 2019\u003c/li\u003e\n \u003cli\u003eShe served as the CEO of the World Bank Group from January 2017 to September 2019\u003c/li\u003e\n \u003cli\u003eGeorgieva began her career in public service as an environmental economist at the World Bank in 1993\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1614428028115,\\\"strCount\\\":2357,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003ca href=\\\\\\\"https://opoyi.com/world/imf-head-calls-for-expansion-of-debt-relief-service-for-poorer-nations-398092/\\\\\\\"\u003eKristalina Georgieva\u003c/a\u003e is the Managing Director of the International Monetary Fund (IMF). The 67-year-old was selected for the position on September 25, 2019 and has served since October 1, 2019.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Before joining the IMF, the Bulgarian economist served as the Chief Executive Officer of the World Bank Group from January 2017 to September 2019. She also served as its interim president from February to April 2018 after the resignation of then-president Jim Yong Kim.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read |\u003c/b\u003e\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/health/german-chancellor-angela-merkel-worried-by-lag-in-talks-to-secure-covid-19-vaccine-for-poorest-211550/\\\\\\\"\u003eAngela Merkel 'worried' by lag in talks to secure COVID-19 vaccine for poorer nations\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Earlier, while serving as the European Commission Vice President for Budget and Human Resources, she oversaw the EU's €161 billion-budget response to the Euro Area debt crisis and the 2015 refugee crisis.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"She has also served as the Commissioner for International Cooperation, Humanitarian Aid and Crisis Response, one of the world's largest humanitarian aid budgets.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read |\u003c/b\u003e\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/india-out-of-recession-but-recovery-remains-tentative-592419/\\\\\\\"\u003eIndia out of recession but recovery remains tentative\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Born in Sofia, Bulgaria on August 13, 1953,\u0026nbsp;Georgieva began her career in public service as an environmental economist at the World Bank in 1993. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"After 17 years of service, she was appointed as Vice President and Corporate Secretary in 2008, serving as the interlocutor between the World Bank Group's senior management, Board of Directors and its shareholder countries.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read |\u003c/b\u003e\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/meet-bidisha-bhattacharyya-the-indian-origin-energy-expert-appointed-as-joe-bidens-advisor-124105/\\\\\\\"\u003eMeet Bidisha Bhattacharyya, the Indian-origin energy expert appointed as Joe Biden's advisor\u003c/a\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In 2010, she was named \\\\\\\"European of the Year\\\\\\\" and \\\\\\\"Commissioner of the Year\\\\\\\" by European Voice, recognising her leadership in EU's response to the humanitarian crises.\u0026nbsp;\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"She holds a PhD in Economic Science and an MA in Political Economy and Sociology from the University of National and World Economy in Sofia, where she was an Associate Professor from 1977 to 1993.\u0026nbsp;\\\"}}]}","relatedPosts":null,"location":{"name":"New Delhi, Delhi, India"},"createdBy":{"name":"Shubham Banerjee","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_ZJQDZCA0nkr.jpg","username":"shubham0296","id":"8M6puzt7QPLg","role":null},"topics":[{"name":"KristalinaGeorgieva","slug":"kristalinageorgieva","id":"KElMj8UgqG8N","isSection":0},{"name":"IMF","slug":"imf","id":"HagnF01J4NI4","isSection":0},{"name":"G20Summit","slug":"g20summit","id":"HNxhko4Muh7R","isSection":0},{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Shubham Banerjee","id":"8M6puzt7QPLg","username":"shubham0296","role":7,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2021-02-27T17:43:44+05:30","publisher":0,"sourceFeed":null,"cleanText":"\u003ca href=\"https://opoyi.com/imf-head-calls-for-expansion-of-debt-relief-service-for-poorer-nations\"\u003eKristalina Georgieva\u003c/a\u003e is the Managing Director of the International Monetary Fund (IMF). The 67-year-old was selected for the position on September 25, 2019 and has served since October 1, 2019.\u0026nbsp;,Before joining the IMF, the Bulgarian economist served as the Chief Executive Officer of the World Bank Group from January 2017 to September 2019. She also served as its interim president from February to April 2018 after the resignation of then-president Jim Yong Kim.\u0026nbsp;,\u003cb\u003eAlso Read |\u003c/b\u003e\u0026nbsp;\u003ca href=\"https://opoyi.com/german-chancellor-angela-merkel-worried-by-lag-in-talks-to-secure-covid-19-vaccine-for-poorest\"\u003eAngela Merkel 'worried' by lag in talks to secure COVID-19 vaccine for poorer nations\u003c/a\u003e,Earlier, while serving as the European Commission Vice President for Budget and Human Resources, she oversaw the EU's €161 billion-budget response to the Euro Area debt crisis and the 2015 refugee crisis.\u0026nbsp;,She has also served as the Commissioner for International Cooperation, Humanitarian Aid and Crisis Response, one of the world's largest humanitarian aid budgets.\u0026nbsp;,\u003cb\u003eAlso Read |\u003c/b\u003e\u0026nbsp;\u003ca href=\"https://opoyi.com/india-out-of-recession-but-recovery-remains-tentative\"\u003eIndia out of recession but recovery remains tentative\u003c/a\u003e,Born in Sofia, Bulgaria on August 13, 1953,\u0026nbsp;Georgieva began her career in public service as an environmental economist at the World Bank in 1993. ,After 17 years of service, she was appointed as Vice President and Corporate Secretary in 2008, serving as the interlocutor between the World Bank Group's senior management, Board of Directors and its shareholder countries.\u0026nbsp;,\u003cb\u003eAlso Read |\u003c/b\u003e\u0026nbsp;\u003ca href=\"https://opoyi.com/meet-bidisha-bhattacharyya-the-indian-origin-energy-expert-appointed-as-joe-bidens-advisor\"\u003eMeet Bidisha Bhattacharyya, the Indian-origin energy expert appointed as Joe Biden's advisor\u003c/a\u003e,In 2010, she was named \"European of the Year\" and \"Commissioner of the Year\" by European Voice, recognising her leadership in EU's response to the humanitarian crises.\u0026nbsp;,She holds a PhD in Economic Science and an MA in Political Economy and Sociology from the University of National and World Economy in Sofia, where she was an Associate Professor from 1977 to 1993.\u0026nbsp;","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"28.6139","longitude":"77.209","name":"New Delhi, Delhi, India","city":"Delhi"},"keywords":"Kristalina Georgieva, IMF, World Bank, Bulgaria, European Commission, EU, EU Area debt crisis, G20, G20 summit,","originalPublishedOn":"2021-02-27T17:43:44+05:30"}},{"node":{"id":"2xsfuMDsckWn","slug":"gearing-up-for-your-boards-exams-here-is-an-economics-sample-paper-for-you","slugV2":"india/gearing-up-for-your-boards-exams-here-is-an-economics-sample-paper-for-you-127582/","title":"Gearing%20up%20for%20your%20Boards%20exams%3F%20Here%20is%20an%20Economics%20Sample%20Paper%20for%20you","postType":1,"coverMedia":"/opoyi_rG4-qUjEwAG.jpg","coverCaption":"Can you answer?","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2021-01-28T12:10:10+05:30","highlightSummary":"\u003cp\u003eCheck your progress by solving this Economics \u0026nbsp;paper for Class 12, ISC Board Students.\u003c/p\u003e","highlightSummaryFlag":0,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":0.9966359498320302,"fakeTrust":0,"content":"{\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":29,\\\"data\\\":{\\\"text\\\":\\\"PART%20I%20%2820MARKS%29%20%28COMPULSORY%29\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":11,\\\"data\\\":{\\\"text\\\":\\\"Question%201-\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":31,\\\"data\\\":{\\\"text\\\":\\\"i%29%20What%20is%20high%20powered%20money%3F%26nbsp%3B\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":34,\\\"data\\\":{\\\"text\\\":\\\"ii%29%20What%20is%20is%20deficit%20financing%3F%26nbsp%3B\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":59,\\\"data\\\":{\\\"text\\\":\\\"iii%29%20How%20is%20fiscal%20policy%20different%20from%20monetary%20policy%20%3F%26nbsp%3B\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":36,\\\"data\\\":{\\\"text\\\":\\\"iv%29%20What%20is%20unlimited%20legal%20tender%20%3F\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":67,\\\"data\\\":{\\\"text\\\":\\\"%26nbsp%3Bv%29%20Define%20the%20following-%20i%29%20normal%20resident%20ii%29%20transfer%20payment.%26nbsp%3B\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":64,\\\"data\\\":{\\\"text\\\":\\\"vi%29%20Distinguish%20between%20Balance%20of%20Trade%20and%20Balance%20of%20Payment.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":74,\\\"data\\\":{\\\"text\\\":\\\"vii%29%20Identify%20the%20following%20as%20capital%20expenditure%20or%20revenue%20expenditure-\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":23,\\\"data\\\":{\\\"text\\\":\\\"%26nbsp%3Ba%29%20Construction%20of%20dam\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":21,\\\"data\\\":{\\\"text\\\":\\\"b%29%20Subsidies%20to%20firms\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":28,\\\"data\\\":{\\\"text\\\":\\\"c%29%20Salaries%20of%20Defence%20staff\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":41,\\\"data\\\":{\\\"text\\\":\\\"d%29%20Advances%20to%20public%20sector%20enterprises.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":36,\\\"data\\\":{\\\"text\\\":\\\"viii%29%20What%20is%20price%20discrimination%20%3F\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":79,\\\"data\\\":{\\\"text\\\":\\\"ix%29%20Explain%20the%20problem%20of%20double%20counting%20in%20the%20estimation%20of%20national%20income\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":13,\\\"data\\\":{\\\"text\\\":\\\"with%20example.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":57,\\\"data\\\":{\\\"text\\\":\\\"x%29%20How%20is%20intended%20supply%20different%20from%20actual%20supply%20%3F%26nbsp%3B\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":78,\\\"data\\\":{\\\"text\\\":\\\"xi%29%20Draw%20two%20demand%20curves%20which%20have%20same%20price%20elasticity%20at%20all%20the%20points.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":81,\\\"data\\\":{\\\"text\\\":\\\"xii%29%20What%20is%20the%20significance%20of%20free%20entry%20free%20exit%20under%20perfect%20competition%20%3F\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":94,\\\"data\\\":{\\\"text\\\":\\\"xii%29%20Show%20diagrammatically%20when%20changes%20in%20supply%20will%20have%20no%20effect%20on%20equilibrium%20quantity.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":7,\\\"data\\\":{\\\"text\\\":\\\"PART%20II\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":46,\\\"data\\\":{\\\"text\\\":\\\"%28Attempt%20any%20five%20questions%20from%20this%20section%29\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":10,\\\"data\\\":{\\\"text\\\":\\\"Question%202\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":102,\\\"data\\\":{\\\"text\\\":\\\"a%29%20Explain%20how%20income%20effect%20and%20substitution%20effect%20are%20reasons%20for%20negatively%20sloping%20demand%20curve.%26nbsp%3B\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":111,\\\"data\\\":{\\\"text\\\":\\\"b%29Explain%20consumer%20behavior%20on%20the%20basis%20of%20the%20given%20schedule%20and%20also%20state%20%5B3%5D%20the%20law%20on%20which%20it%20is%20based.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":28,\\\"data\\\":{\\\"text\\\":\\\"MUx%3D70%20Px%3D14%26nbsp%3B%3Cbr%3EMUy%3D126%20%26nbsp%3BPy%3D18\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":75,\\\"data\\\":{\\\"text\\\":\\\"c%29State%20the%20law%20of%20demand%20and%20illustrate%20it%20with%20the%20help%20of%20a%20schedule%20and\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":97,\\\"data\\\":{\\\"text\\\":\\\"demand%20curve.Explain%20giffen%20goods%20and%20expectations%20about%20future%20prices%20as%20exceptions%20to%20the%20law.%26nbsp%3B\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":10,\\\"data\\\":{\\\"text\\\":\\\"Question%203\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":79,\\\"data\\\":{\\\"text\\\":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kLen\\\":139,\\\"data\\\":{\\\"text\\\":\\\"ii%29Does%20Marginal%20cost%20in%20short%20run%20fall%20invariably%20with%20the%20fall%20in%20short%20run%20average%20cost%20%3FJustify%20your%20answer%20with%20the%20help%20of%20a%20diagram.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":10,\\\"data\\\":{\\\"text\\\":\\\"Question%208\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":183,\\\"data\\\":{\\\"text\\\":\\\"a%29%20Distinguish%20between%20devaluation%20and%20depreciation.%20What%20will%20be%20the%20impact%20of%20depreciation%20of%20domestic%20currency%20on%20export%20and%20import%20of%20a%20country%20%3F%20Explain%20with%20a%20numerical%20example.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":135,\\\"data\\\":{\\\"text\\\":\\\"b%20%29What%20is%20flexible%20exchange%20rate%20system%3F%20Show%20diagrammatically%20the%20determination%20of%20exchange%20rate%20under%20flexible%20exchange%20rate%20system.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":67,\\\"data\\\":{\\\"text\\\":\\\"c%29%20Explain%20the%20budget%20structure%20of%20the%20Union%20government.%3Cbr%3EQuestion%209\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":86,\\\"data\\\":{\\\"text\\\":\\\"a%29Distinguish%20between%20National%20Income%20and%20Domestic%20Income%20.%20b%29Complete%20the%20following%20%3A\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":49,\\\"data\\\":{\\\"text\\\":\\\"i%20GDP%20equal%20to%20NDP%u2010-------%20ii%20NNPfc%3DGDP%20mp-------\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":54,\\\"data\\\":{\\\"text\\\":\\\"iii%20Depreciation%3DGNP---------%20iv%20NIT%20%3D_______+________\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":75,\\\"data\\\":{\\\"text\\\":\\\"c%29Define%20GDP%20at%20market%20prices.%20How%20is%20it%20different%20from%20GNP%20at%20factor%20cost.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":206,\\\"data\\\":{\\\"text\\\":\\\"d%29Draw%20a%20well%20labelled%20diagram%20to%20show%20circular%20flow%20of%20income%20in%20an%20Open%20Economy%20with%20leakages%20and%20injections%20and%20also%20explain%20the%20condition%20of%20equilibrium%20in%20the%20model%20of%20circular%20flow%20in%20such%20an%20economy.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":39,\\\"data\\\":{\\\"text\\\":\\\"%3Ca%20class%3D%22mention%22%20data-mention%3D%22%23Economics%22%20data-user-id%3D%22qrCP2UqtKqa4%22%20href%3D%22/topic/economics%22%3E%23Economics%3C/a%3E%20%3Ca%20class%3D%22mention%22%20data-mention%3D%22%23BoardExam%22%20data-user-id%3D%22n1qxeVjyd3qy%22%20href%3D%22/topic/board-exam%22%3E%23BoardExam%3C/a%3E%20%3Ca%20class%3D%22mention%22%20data-mention%3D%22%23ISCBoard%22%20data-user-id%3D%220Vmi9uIjkirx%22%20href%3D%22/topic/iscboard%22%3E%23ISCBoard%3C/a%3E%20%3Ca%20class%3D%22mention%22%20data-mention%3D%22%23India%22%20data-user-id%3D%22Bq4MmUPrXF8p%22%20href%3D%22/topic/india%22%3E%23India%3C/a%3E%26nbsp%3B\\\"}}],\\\"rawState\\\":\\\"\u003cp\u003ePART I (20MARKS) (COMPULSORY)\u003c/p\u003e\u003cp\u003eQuestion 1-\u003c/p\u003e\u003cp\u003ei) What is high powered money?\u0026nbsp;\u003c/p\u003e\u003cp\u003eii) What is is deficit financing?\u0026nbsp;\u003c/p\u003e\u003cp\u003eiii) How is fiscal policy different from monetary policy ?\u0026nbsp;\u003c/p\u003e\u003cp\u003eiv) What is unlimited legal tender ?\u003c/p\u003e\u003cp\u003e\u0026nbsp;v) Define the following- i) normal resident ii) transfer payment.\u0026nbsp;\u003c/p\u003e\u003cp\u003evi) Distinguish between Balance of Trade and Balance of Payment.\u003c/p\u003e\u003cp\u003evii) Identify the following as capital expenditure or revenue expenditure-\u003c/p\u003e\u003cp\u003e\u0026nbsp;a) Construction of dam\u003c/p\u003e\u003cp\u003eb) Subsidies to firms\u003c/p\u003e\u003cp\u003ec) Salaries of Defence staff\u003c/p\u003e\u003cp\u003ed) Advances to public sector enterprises.\u003c/p\u003e\u003cp\u003eviii) What is price discrimination ?\u003c/p\u003e\u003cp\u003eix) Explain the problem of double counting in the estimation of national income\u003c/p\u003e\u003cp\u003ewith example.\u003c/p\u003e\u003cp\u003ex) How is intended supply different from actual supply ?\u0026nbsp;\u003c/p\u003e\u003cp\u003exi) Draw two demand curves which have same price elasticity at all the points.\u003c/p\u003e\u003cp\u003exii) What is the significance of free entry free exit under perfect competition ?\u003c/p\u003e\u003cp\u003exii) Show diagrammatically when changes in supply will have no effect on equilibrium quantity.\u003c/p\u003e\u003cp\u003ePART II\u003c/p\u003e\u003cp\u003e(Attempt any five questions from this section)\u003c/p\u003e\u003cp\u003eQuestion 2\u003c/p\u003e\u003cp\u003ea) Explain how income effect and substitution effect are reasons for negatively sloping demand curve.\u0026nbsp;\u003c/p\u003e\u003cp\u003eb)Explain consumer behavior on the basis of the given schedule and also state [3] the law on which it is based.\u003c/p\u003e\u003cp\u003eMUx=70 Px=14\u0026nbsp;\u003cbr\u003eMUy=126 \u0026nbsp;Py=18\u003c/p\u003e\u003cp\u003ec)State the law of demand and illustrate it with the help of a schedule and\u003c/p\u003e\u003cp\u003edemand curve.Explain giffen goods and expectations about future prices as exceptions to the law.\u0026nbsp;\u003c/p\u003e\u003cp\u003eQuestion 3\u003c/p\u003e\u003cp\u003ea)Explain the relation between total utility and marginal utility with the help\u003c/p\u003e\u003cp\u003eof a diagram.\u0026nbsp;\u003c/p\u003e\u003cp\u003eb)Explain the various degrees of price elasticity at different points on a linear demand curve with the help of a diagram.\u003cbr\u003e\u0026nbsp;c)Explain consumers equilibrium on the basis of Ordinal approach with the help of a well labelled diagram.\u003c/p\u003e\u003cp\u003eQuestion 4\u003c/p\u003e\u003cp\u003ea)How is elasticity of demand affected by\u0026nbsp;\u003c/p\u003e\u003cp\u003ei) existence of substitutes\u003c/p\u003e\u003cp\u003eii) amount of money spent\u003c/p\u003e\u003cp\u003eb)What is price ceiling? Show diagrammatically the impact of imposition of price ceiling on equilibrium price and quantity.\u003c/p\u003e\u003cp\u003ec)With the help of a schedule and curve, show the relation between AR and MR under i) perfect competition.\u003c/p\u003e\u003cp\u003eQuestion 5\u003c/p\u003e\u003cp\u003eii) imperfect competition.\u003c/p\u003e\u003cp\u003ea)Distinguish between direct and indirect taxes with examples.\u003c/p\u003e\u003cp\u003eb )How does public expenditure help in – i)stimulating production.\u003c/p\u003e\u003cp\u003eii) act as a counter cyclical measure .\u003c/p\u003e\u003cp\u003ec )Differentiate between current account and capital account of Balance\u003c/p\u003e\u003cp\u003eof Payments. Explain the components of Current Account\u003c/p\u003e\u003cp\u003eQuestion 6\u003c/p\u003e\u003cp\u003ea)Explain the functions of money as a-\u003c/p\u003e\u003cp\u003ei Medium of exchange\u003c/p\u003e\u003cp\u003eii A medium of deferred payments .\u003c/p\u003e\u003cp\u003eb )Discuss any two quantitative methods of credit control.\u003c/p\u003e\u003cp\u003ec) Explain the process of credit creation by commercial banks with the help of a numerical example when the initial deposit in PNB being Rs. 1000 crs and the reserve ratio being 25% . Is it a never ending process ?\u0026nbsp;\u003cbr\u003eQuestion 7\u003c/p\u003e\u003cp\u003ea)Explain with diagram how is the demand curve under Monopoly different from that of monopolistic competition .\u003c/p\u003e\u003cfigure class=\\\\\\\"image\\\\\\\"\u003e\u003cimg src=\\\\\\\"https://ik.imagekit.io/o8plo3y5if/opoyi_vC5y_cPL96.jpg?params={\\\\\\\\\u0026quot;filePath\\\\\\\\\u0026quot;:\\\\\\\\\u0026quot;/opoyi_vC5y_cPL96.jpg\\\\\\\\\u0026quot;,\\\\\\\\\u0026quot;height\\\\\\\\\u0026quot;:133,\\\\\\\\\u0026quot;url\\\\\\\\\u0026quot;:\\\\\\\\\u0026quot;https://ik.imagekit.io/o8plo3y5if/opoyi_vC5y_cPL96.jpg\\\\\\\\\u0026quot;,\\\\\\\\\u0026quot;width\\\\\\\\\u0026quot;:828}\\\\\\\"\u003e\u003c/figure\u003e\u003cp\u003ec ) i)Define fixed and variable cost. Identify the following as fixed or variable cost\u0026nbsp;\u003c/p\u003e\u003cp\u003e\u0026nbsp;1. Expenses on raw material.\u003c/p\u003e\u003cp\u003e2. Interest on capital\u003c/p\u003e\u003cp\u003e3. Salary of casual workers\u003c/p\u003e\u003cp\u003eii)Does Marginal cost in short run fall invariably with the fall in short run average cost ?Justify your answer with the help of a diagram.\u003c/p\u003e\u003cp\u003eQuestion 8\u003c/p\u003e\u003cp\u003ea) Distinguish between devaluation and depreciation. What will be the impact of depreciation of domestic currency on export and import of a country ? Explain with a numerical example.\u003c/p\u003e\u003cp\u003eb )What is flexible exchange rate system? Show diagrammatically the determination of exchange rate under flexible exchange rate system.\u003c/p\u003e\u003cp\u003ec) Explain the budget structure of the Union government.\u003cbr\u003eQuestion 9\u003c/p\u003e\u003cp\u003ea)Distinguish between National Income and Domestic Income . b)Complete the following :\u003c/p\u003e\u003cp\u003ei GDP equal to NDP‐------- ii NNPfc=GDP mp-------\u003c/p\u003e\u003cp\u003eiii Depreciation=GNP--------- iv NIT =_______+________\u003c/p\u003e\u003cp\u003ec)Define GDP at market prices. How is it different from GNP at factor cost.\u003c/p\u003e\u003cp\u003ed)Draw a well labelled diagram to show circular flow of income in an Open Economy with leakages and injections and also explain the condition of equilibrium in the model of circular flow in such an economy.\u003c/p\u003e\u003cp\u003e\u003ca class=\\\\\\\"mention\\\\\\\" data-mention=\\\\\\\"#Economics\\\\\\\" data-user-id=\\\\\\\"qrCP2UqtKqa4\\\\\\\" href=\\\\\\\"/topic/economics\\\\\\\"\u003e#Economics\u003c/a\u003e \u003ca class=\\\\\\\"mention\\\\\\\" data-mention=\\\\\\\"#BoardExam\\\\\\\" data-user-id=\\\\\\\"n1qxeVjyd3qy\\\\\\\" href=\\\\\\\"/topic/board-exam\\\\\\\"\u003e#BoardExam\u003c/a\u003e \u003ca class=\\\\\\\"mention\\\\\\\" data-mention=\\\\\\\"#ISCBoard\\\\\\\" data-user-id=0Vmi9uIjkirx href=\\\\\\\"/topic/iscboard\\\\\\\"\u003e#ISCBoard\u003c/a\u003e \u003ca class=\\\\\\\"mention\\\\\\\" data-mention=\\\\\\\"#India\\\\\\\" data-user-id=\\\\\\\"Bq4MmUPrXF8p\\\\\\\" href=\\\\\\\"/topic/india\\\\\\\"\u003e#India\u003c/a\u003e\u0026nbsp;\u003c/p\u003e\\\",\\\"time\\\":1611816009455,\\\"strCount\\\":4127,\\\"isLegacyPost\\\":false}","relatedPosts":null,"location":{"name":"Lucknow, Uttar Pradesh, India"},"createdBy":{"name":"Rehaan Khan","photo":"","username":"rehaank","id":"C3prccMhy4lq","role":null},"topics":[{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0},{"name":"BoardExam","slug":"boardexam","id":"FSY0PqTvJPsc","isSection":0},{"name":"ISCBoard","slug":"iscboard","id":"0Vmi9uIjkirx","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2021-01-28T12:10:10+05:30","publisher":6,"sourceFeed":null,"cleanText":"PART I (20MARKS) (COMPULSORY). Question 1-. i) What is high powered money? . ii) What is is deficit financing? . iii) How is fiscal policy different from monetary policy ? . iv) What is unlimited legal tender ?. v) Define the following- i) normal resident ii) transfer payment. . vi) Distinguish between Balance of Trade and Balance of Payment. vii) Identify the following as capital expenditure or revenue expenditure-. a) Construction of dam. b) Subsidies to firms. c) Salaries of Defence staff. d) Advances to public sector enterprises. viii) What is price discrimination ?. ix) Explain the problem of double counting in the estimation of national income. with example. x) How is intended supply different from actual supply ? . xi) Draw two demand curves which have same price elasticity at all the points. xii) What is the significance of free entry free exit under perfect competition ?. xii) Show diagrammatically when changes in supply will have no effect on equilibrium quantity. PART II. (Attempt any five questions from this section). Question 2. a) Explain how income effect and substitution effect are reasons for negatively sloping demand curve. . b)Explain consumer behavior on the basis of the given schedule and also state [3] the law on which it is based. MUx=70 Px=14 \nMUy=126 Py=18. c)State the law of demand and illustrate it with the help of a schedule and. demand curve.Explain giffen goods and expectations about future prices as exceptions to the law. . Question 3. a)Explain the relation between total utility and marginal utility with the help. of a diagram. . b)Explain the various degrees of price elasticity at different points on a linear demand curve with the help of a diagram.\n c)Explain consumers equilibrium on the basis of Ordinal approach with the help of a well labelled diagram. Question 4. a)How is elasticity of demand affected by . i) existence of substitutes. ii) amount of money spent. b)What is price ceiling? Show diagrammatically the impact of imposition of price ceiling on equilibrium price and quantity. c)With the help of a schedule and curve, show the relation between AR and MR under i) perfect competition. Question 5. ii) imperfect competition. a)Distinguish between direct and indirect taxes with examples. b )How does public expenditure help in – i)stimulating production. ii) act as a counter cyclical measure . c )Differentiate between current account and capital account of Balance. of Payments. Explain the components of Current Account. Question 6. a)Explain the functions of money as a-. i Medium of exchange. ii A medium of deferred payments . b )Discuss any two quantitative methods of credit control. c) Explain the process of credit creation by commercial banks with the help of a numerical example when the initial deposit in PNB being Rs. 1000 crs and the reserve ratio being 25% . Is it a never ending process ? \nQuestion 7. a)Explain with diagram how is the demand curve under Monopoly different from that of monopolistic competition . c ) i)Define fixed and variable cost. Identify the following as fixed or variable cost . 1. Expenses on raw material. 2. Interest on capital. 3. Salary of casual workers. ii)Does Marginal cost in short run fall invariably with the fall in short run average cost ?Justify your answer with the help of a diagram. Question 8. a) Distinguish between devaluation and depreciation. What will be the impact of depreciation of domestic currency on export and import of a country ? Explain with a numerical example. b )What is flexible exchange rate system? Show diagrammatically the determination of exchange rate under flexible exchange rate system. c) Explain the budget structure of the Union government.\nQuestion 9. a)Distinguish between National Income and Domestic Income . b)Complete the following :. i GDP equal to NDP‐------- ii NNPfc=GDP mp-------. iii Depreciation=GNP--------- iv NIT =_______+________. c)Define GDP at market prices. How is it different from GNP at factor cost. d)Draw a well labelled diagram to show circular flow of income in an Open Economy with leakages and injections and also explain the condition of equilibrium in the model of circular flow in such an economy. #Economics #BoardExam #ISCBoard #India .","portalUser":{"id":"C3prccMhy4lq","name":"Rehaan Khan","username":"rehaank","photo":"","role":7,"userType":0},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"26.8467","longitude":"80.9462","name":"Lucknow, Uttar Pradesh, India","city":"Lucknow"},"keywords":null,"originalPublishedOn":"2021-01-28T12:10:10+05:30"}},{"node":{"id":"B8A1tsiBTCIC","slug":"which-of-the-following-measurements-indicate-how-national-income-is-distributed","slugV2":"india/which-of-the-following-measurements-indicate-how-national-income-is-distributed-215256/","title":"Which%20of%20the%20following%20measurements%20indicate%20how%20national%20income%20is%20distributed%3F%20","postType":1,"coverMedia":"/opoyi_iq05xx1Fc.jpg","coverCaption":"Can you answer?","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2020-12-30T11:31:01+05:30","highlightSummary":"\u003cp\u003eWhich of the following measurements indicate how national income is distributed?\u0026nbsp;\u003c/p\u003e","highlightSummaryFlag":0,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":0.9965321282098719,"fakeTrust":0,"content":"{\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":98,\\\"data\\\":{\\\"text\\\":\\\"Which%20of%20the%20following%20measurements%20indicate%20how%20national%20income%20is%20distributed%3F%26nbsp%3B%3Cbr%3EThe%20options%20are-\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":4,\\\"data\\\":{\\\"text\\\":\\\"-GDP\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":4,\\\"data\\\":{\\\"text\\\":\\\"-GNP\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":4,\\\"data\\\":{\\\"text\\\":\\\"-NNP\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":12,\\\"data\\\":{\\\"text\\\":\\\"Amswer-%20NNP%26nbsp%3B\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":351,\\\"data\\\":{\\\"text\\\":\\\"NNP%20equals%20GNP%20minus%20Depreciation.%20It%20is%20referred%20to%20as%20the%20monetary%20value%20of%20finished%20goods%20and%20services%20produced%20by%20a%20country%u2019s%20citizens%2C%20overseas%20and%20domestically%2C%20in%20a%20given%20period.%20It%20is%20often%20examined%20on%20an%20annual%20basis%20as%20a%20way%20to%20measure%20a%20country%u2019s%20citizens%20overseas%20and%20domestically%20less%20depreciation.%26nbsp%3B%3Cbr%3E%3Ca%20class%3D%22mention%22%20data-mention%3D%22%23Economy%22%20data-user-id%3D%225VhOB45vqxj9%22%20href%3D%22/topic/economy%22%3E%23Economy%3C/a%3E%20%3Ca%20class%3D%22mention%22%20data-mention%3D%22%23Economics%22%20data-user-id%3D%22qrCP2UqtKqa4%22%20href%3D%22/topic/economics%22%3E%23Economics%3C/a%3E%20%3Ca%20class%3D%22mention%22%20data-mention%3D%22%23Money%22%20data-user-id%3D%22upNlvoTnRROF%22%20href%3D%22/topic/money%22%3E%23Money%3C/a%3E%20%3Ca%20class%3D%22mention%22%20data-mention%3D%22%23Incometax%22%20data-user-id%3D%22WClcQ7qz7yj8%22%20href%3D%22/topic/income-tax%22%3E%23Incometax%3C/a%3E%26nbsp%3B\\\"}}],\\\"rawState\\\":\\\"\u003cp\u003eWhich of the following measurements indicate how national income is distributed?\u0026nbsp;\u003cbr\u003eThe options are-\u003c/p\u003e\u003cp\u003e-GDP\u003c/p\u003e\u003cp\u003e-GNP\u003c/p\u003e\u003cp\u003e-NNP\u003c/p\u003e\u003cp\u003eAmswer- NNP\u0026nbsp;\u003c/p\u003e\u003cp\u003eNNP equals GNP minus Depreciation. It is referred to as the monetary value of finished goods and services produced by a country’s citizens, overseas and domestically, in a given period. It is often examined on an annual basis as a way to measure a country’s citizens overseas and domestically less depreciation.\u0026nbsp;\u003cbr\u003e\u003ca class=\\\\\\\"mention\\\\\\\" data-mention=\\\\\\\"#Economy\\\\\\\" data-user-id=\\\\\\\"5VhOB45vqxj9\\\\\\\" href=\\\\\\\"/topic/economy\\\\\\\"\u003e#Economy\u003c/a\u003e \u003ca class=\\\\\\\"mention\\\\\\\" data-mention=\\\\\\\"#Economics\\\\\\\" data-user-id=\\\\\\\"qrCP2UqtKqa4\\\\\\\" href=\\\\\\\"/topic/economics\\\\\\\"\u003e#Economics\u003c/a\u003e \u003ca class=\\\\\\\"mention\\\\\\\" data-mention=\\\\\\\"#Money\\\\\\\" data-user-id=\\\\\\\"upNlvoTnRROF\\\\\\\" href=\\\\\\\"/topic/money\\\\\\\"\u003e#Money\u003c/a\u003e \u003ca class=\\\\\\\"mention\\\\\\\" data-mention=\\\\\\\"#Incometax\\\\\\\" data-user-id=\\\\\\\"WClcQ7qz7yj8\\\\\\\" href=\\\\\\\"/topic/income-tax\\\\\\\"\u003e#Incometax\u003c/a\u003e\u0026nbsp;\u003c/p\u003e\\\",\\\"time\\\":1609308060891,\\\"strCount\\\":471,\\\"isLegacyPost\\\":false}","relatedPosts":null,"location":{"name":"Lucknow, Uttar Pradesh, India"},"createdBy":{"name":"Rehaan Khan","photo":"","username":"rehaank","id":"C3prccMhy4lq","role":null},"topics":[{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0},{"name":"Money","slug":"money","id":"upNlvoTnRROF","isSection":0},{"name":"IncomeTax","slug":"incometax","id":"a4k43w03cK0B","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2020-12-30T11:31:02+05:30","publisher":6,"sourceFeed":null,"cleanText":"Which of the following measurements indicate how national income is distributed? \nThe options are-. -GDP. -GNP. -NNP. Amswer- NNP . NNP equals GNP minus Depreciation. It is referred to as the monetary value of finished goods and services produced by a country’s citizens, overseas and domestically, in a given period. It is often examined on an annual basis as a way to measure a country’s citizens overseas and domestically less depreciation. \n#Economy #Economics #Money #Incometax .","portalUser":{"id":"C3prccMhy4lq","name":"Rehaan Khan","username":"rehaank","photo":"","role":7,"userType":0},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"26.8467","longitude":"80.9462","name":"Lucknow, Uttar Pradesh, India","city":"Lucknow"},"keywords":null,"originalPublishedOn":"2020-12-30T11:31:02+05:30"}},{"node":{"id":"ag3O5qLUjKwr","slug":"the-term-macro-was-first-used-in-economics-by","slugV2":"india/the-term-macro-was-first-used-in-economics-by-200713/","title":"The%20term%20macro%20was%20first%20used%20in%20economics%20by%3F%20","postType":1,"coverMedia":"/opoyi_LP2or7fM7.jpg","coverCaption":"Can you answer?","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2020-12-30T11:18:11+05:30","highlightSummary":"\u003cp\u003eThe term macro was first used in economics by?\u0026nbsp;\u003c/p\u003e","highlightSummaryFlag":0,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":0.9965321282098719,"fakeTrust":0,"content":"{\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":390,\\\"data\\\":{\\\"text\\\":\\\"Question%3A%20The%20term%20macro%20was%20first%20used%20in%20economics%20by%3F%26nbsp%3B%3Cbr%3EAnswer%3A%20The%20terms%20%u2018micro%u2019%20and%20%u2018macro%u2019%20in%20economics%20were%20first%20coined%20by%20%3Cstrong%3ERagnar%20Fiscer%3C/strong%3E%20in%201933.%20Macro%20economics%20is%20that%20branch%20of%20economics%20that%20deals%20with%20th%20performance%2C%20structure%2C%20behaviour%20and%20decision-making%20of%20an%20economy%20as%20a%20whole.%20It%20studies%20topics%20such%20as%20National%20Income%2C%20Monetary%20and%20Fiscal%20policies%2C%20Money%2C%20Banking%2C%20etc.%26nbsp%3B\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":33,\\\"data\\\":{\\\"text\\\":\\\"%3Ca%20class%3D%22mention%22%20data-mention%3D%22%23Economics%22%20data-user-id%3D%22qrCP2UqtKqa4%22%20href%3D%22/topic/economics%22%3E%23Economics%3C/a%3E%20%3Ca%20class%3D%22mention%22%20data-mention%3D%22%23Trends%22%20data-user-id%3D%22FmL9Z6DRxg2i%22%20href%3D%22/topic/trends%22%3E%23Trends%3C/a%3E%20%3Ca%20class%3D%22mention%22%20data-mention%3D%22%23Google%22%20data-user-id%3D%22Cqu95TUqjxLY%22%20href%3D%22/topic/google%22%3E%23Google%3C/a%3E%20%3Ca%20class%3D%22mention%22%20data-mention%3D%22%23Quiz%22%20data-user-id%3D%22SC4oa4eJ5kqD%22%20href%3D%22/topic/quiz%22%3E%23Quiz%3C/a%3E%26nbsp%3B\\\"}}],\\\"rawState\\\":\\\"\u003cp\u003eQuestion: The term macro was first used in economics by?\u0026nbsp;\u003cbr\u003eAnswer: The terms ‘micro’ and ‘macro’ in economics were first coined by \u003cstrong\u003eRagnar Fiscer\u003c/strong\u003e in 1933. Macro economics is that branch of economics that deals with th performance, structure, behaviour and decision-making of an economy as a whole. It studies topics such as National Income, Monetary and Fiscal policies, Money, Banking, etc.\u0026nbsp;\u003c/p\u003e\u003cp\u003e\u003ca class=\\\\\\\"mention\\\\\\\" data-mention=\\\\\\\"#Economics\\\\\\\" data-user-id=\\\\\\\"qrCP2UqtKqa4\\\\\\\" href=\\\\\\\"/topic/economics\\\\\\\"\u003e#Economics\u003c/a\u003e \u003ca class=\\\\\\\"mention\\\\\\\" data-mention=\\\\\\\"#Trends\\\\\\\" data-user-id=\\\\\\\"FmL9Z6DRxg2i\\\\\\\" href=\\\\\\\"/topic/trends\\\\\\\"\u003e#Trends\u003c/a\u003e \u003ca class=\\\\\\\"mention\\\\\\\" data-mention=\\\\\\\"#Google\\\\\\\" data-user-id=\\\\\\\"Cqu95TUqjxLY\\\\\\\" href=\\\\\\\"/topic/google\\\\\\\"\u003e#Google\u003c/a\u003e \u003ca class=\\\\\\\"mention\\\\\\\" data-mention=\\\\\\\"#Quiz\\\\\\\" data-user-id=\\\\\\\"SC4oa4eJ5kqD\\\\\\\" href=\\\\\\\"/topic/quiz\\\\\\\"\u003e#Quiz\u003c/a\u003e\u0026nbsp;\u003c/p\u003e\\\",\\\"time\\\":1609307290262,\\\"strCount\\\":422,\\\"isLegacyPost\\\":false}","relatedPosts":null,"location":{"name":"Lucknow, Uttar Pradesh, India"},"createdBy":{"name":"Rehaan Khan","photo":"","username":"rehaank","id":"C3prccMhy4lq","role":null},"topics":[{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0},{"name":"Trends","slug":"trends","id":"FmL9Z6DRxg2i","isSection":0},{"name":"Google","slug":"google","id":"Cqu95TUqjxLY","isSection":0},{"name":"Quiz","slug":"quiz","id":"SC4oa4eJ5kqD","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2020-12-30T11:18:11+05:30","publisher":6,"sourceFeed":null,"cleanText":"Question: The term macro was first used in economics by? \nAnswer: The terms ‘micro’ and ‘macro’ in economics were first coined by Ragnar Fiscer in 1933. Macro economics is that branch of economics that deals with th performance, structure, behaviour and decision-making of an economy as a whole. It studies topics such as National Income, Monetary and Fiscal policies, Money, Banking, etc. . #Economics #Trends #Google #Quiz .","portalUser":{"id":"C3prccMhy4lq","name":"Rehaan Khan","username":"rehaank","photo":"","role":7,"userType":0},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"26.8467","longitude":"80.9462","name":"Lucknow, Uttar Pradesh, India","city":"Lucknow"},"keywords":null,"originalPublishedOn":"2020-12-30T11:18:11+05:30"}},{"node":{"id":"mGCoiKaLcdnS","slug":"positive-developments-negotiations-means-eus-thumbs-up-to-chinese-investments","slugV2":"usa/positive-developments-negotiations-means-eus-thumbs-up-to-chinese-investments-424825/","title":"Positive developments, negotiations means EU's thumbs up to Chinese investments","postType":1,"coverMedia":"https://ik.imagekit.io/o8plo3y5if/opoyi_SOS1TDDZyv.jpg","coverCaption":"The EU states treat China as a \"systemic rival\" and have expressed concerns over China's rights record. (Photo credit: PTI)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2020-12-28T23:15:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eJoerg Wuttke said that this month that negotiators had \"apparently made great strides on market access\"\u003c/li\u003e\n \u003cli\u003eChina pushed past the United States in the third quarter of this year to become the EU's top trade partner\u003c/li\u003e\n \u003cli\u003eChina's willingness to address the labour rights has helped this deal go through\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1609176007542,\\\"strCount\\\":2645,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Clearing the way for\u0026nbsp;a deal between the world's biggest economic blocs, the European Union (EU) on Monday gave political backing to Brussels' planned investment pact with China, AFP reported. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The news broke after a German EU presidency at the meeting of the ambassadors noted that no Member State had objected but there was a political endorsement for the deal, a diplomat admitted. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"This development came after China reportedly addressed concerns over alleged use of forced labour on its farms, the diplomat added. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"We have to be careful, but as long as China is in agreement, there could be an official announcement from Brussels and Beijing by the end of the week,\\\\\\\" the senior envoy told AFP.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"A go-ahead to this deal means China could receive a major economic boost before US president-elect Joe Biden takes on the White House in January. Keeping in mind the ongoing trade war between the countries, Joe Biden has expressed concern about the EU outreach, with his team urging Brussels to consult with Washington.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\" The European Commission, the EU executive, had said before Christmas that the draft of the \\\\\\\"political agreement\\\\\\\" was \\\\\\\"95 percent ready\\\\\\\" and just needed the capitals' green light.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"China's commitment to labour rights had remained a hurdle, but Europe has long sought greater access to the huge Chinese market for its companies.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The head of the EU chamber of commerce in Beijing Joerg Wuttke told AFP this month that negotiators had \\\\\\\"apparently made great strides on market access\\\\\\\".\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"As part of the accord the EU has also been pushing Beijing to reinforce respect for intellectual property, end obligations to transfer technology, reduce subsidies for public enterprises and improve on climate commitments.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"While Trump's administration has engaged in a war of words with Beijing, Brussels has taken a balanced approach.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The EU states treat China as a \\\\\\\"systemic rival\\\\\\\" and have expressed concerns over China's rights record, especially its clampdown in Hong Kong and treatment of the Uighurs.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"China's increasing global assertiveness under President Xi Jinping has given some in Europe pause for thought.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"But the bloc's leading economic power Germany, which holds the rotating EU presidency until the end of the year, had made securing the deal a priority of its time at the helm.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Berlin wanted to get the agreement signed off at a joint EU-China summit in September, but the coronavirus pushed the event online and no deal was signed.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"China pushed past the United States in the third quarter of this year to become the EU's top trade partner, as the COVID-19 pandemic disrupted the US economy while Chinese activity rebounded.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Yash Bajaj","photo":null,"username":"Yashnbajaj123","id":"9NKBlVRgLUdC","role":null},"topics":[{"name":"EuropeanUnion","slug":"europeanunion","id":"BIZ15K463b6h","isSection":0},{"name":"China","slug":"china","id":"gtTvlJMpH5eQ","isSection":0},{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0},{"name":"JoeBiden","slug":"joebiden","id":"tLOXw4T5mTfp","isSection":0},{"name":"DonaldTrump","slug":"donaldtrump","id":"2BkYVqd4njLi","isSection":0},{"name":"trade","slug":"trade","id":"cZ4vPI5dpSsy","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Bajaj","id":"9NKBlVRgLUdC","username":"Yashnbajaj123","role":3,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[{"id":"2","name":"AFP"}],"originalPost":null,"publishedOn":"2020-12-28T23:15:00+05:30","publisher":0,"sourceFeed":null,"cleanText":"Clearing the way for\u0026nbsp;a deal between the world's biggest economic blocs, the European Union (EU) on Monday gave political backing to Brussels' planned investment pact with China, AFP reported. ,The news broke after a German EU presidency at the meeting of the ambassadors noted that no Member State had objected but there was a political endorsement for the deal, a diplomat admitted. ,This development came after China reportedly addressed concerns over alleged use of forced labour on its farms, the diplomat added. ,\"We have to be careful, but as long as China is in agreement, there could be an official announcement from Brussels and Beijing by the end of the week,\" the senior envoy told AFP.,A go-ahead to this deal means China could receive a major economic boost before US president-elect Joe Biden takes on the White House in January. Keeping in mind the ongoing trade war between the countries, Joe Biden has expressed concern about the EU outreach, with his team urging Brussels to consult with Washington., The European Commission, the EU executive, had said before Christmas that the draft of the \"political agreement\" was \"95 percent ready\" and just needed the capitals' green light.,China's commitment to labour rights had remained a hurdle, but Europe has long sought greater access to the huge Chinese market for its companies.,The head of the EU chamber of commerce in Beijing Joerg Wuttke told AFP this month that negotiators had \"apparently made great strides on market access\".,As part of the accord the EU has also been pushing Beijing to reinforce respect for intellectual property, end obligations to transfer technology, reduce subsidies for public enterprises and improve on climate commitments.,While Trump's administration has engaged in a war of words with Beijing, Brussels has taken a balanced approach.,The EU states treat China as a \"systemic rival\" and have expressed concerns over China's rights record, especially its clampdown in Hong Kong and treatment of the Uighurs.,China's increasing global assertiveness under President Xi Jinping has given some in Europe pause for thought.,But the bloc's leading economic power Germany, which holds the rotating EU presidency until the end of the year, had made securing the deal a priority of its time at the helm.,Berlin wanted to get the agreement signed off at a joint EU-China summit in September, but the coronavirus pushed the event online and no deal was signed.,China pushed past the United States in the third quarter of this year to become the EU's top trade partner, as the COVID-19 pandemic disrupted the US economy while Chinese activity rebounded.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"EU, China, Xi Jinping, Donald Trump, Joe Biden, US , Trade","originalPublishedOn":"2020-12-28T23:15:00+05:30"}},{"node":{"id":"CY4NQZVMe4jx","slug":"who-gave-the-general-equilibrium-theory","slugV2":"world/who-gave-the-general-equilibrium-theory-249139/","title":"Who%20gave%20the%20General%20Equilibrium%20Theory%3F%20","postType":1,"coverMedia":"/opoyi_mDS-h4t2pI.jpg","coverCaption":"(Photo credit: Representational/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2020-12-25T11:07:09+05:30","highlightSummary":"\u003cp\u003eGeneral Equilibrium Theory is an attempt to understand macroeconomy as a whole rather than as an individual phenomena.\u003c/p\u003e","highlightSummaryFlag":0,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":true,"lastCommentUser":null,"trustScore":0.9919540229885058,"fakeTrust":0,"content":"{\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":419,\\\"data\\\":{\\\"text\\\":\\\"The%20General%20Equilibrium%20Theory%2C%20also%20known%20as%20the%20Walrasian%20General%20Equilibrium%2C%20was%20given%20by%20the%20French%20economist%20Uon%20Walrus%20in%20the%20late%2019th%20century.%20It%20is%20an%20attempt%20to%20understand%20macroeconomy%20as%20a%20whole%20rather%20than%20as%20an%20individual%20phenomena.%20In%26nbsp%3BElements%20of%20Pure%20Economics1%2C%20Walras%20deliberated%20that%20all%20prices%20and%20quantities%20in%20all%20markets%20can%20determined%20through%20their%20interaction%20with%20one%20another%20at%20the%20same%20time.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":29,\\\"data\\\":{\\\"text\\\":\\\"%3Ca%20class%3D%22mention%22%20data-mention%3D%22%23Economy%22%20data-user-id%3D%225VhOB45vqxj9%22%20href%3D%22/topic/economy%22%3E%23Economy%3C/a%3E%20%3Ca%20class%3D%22mention%22%20data-mention%3D%22%23Economics%22%20data-user-id%3D%22qrCP2UqtKqa4%22%20href%3D%22/topic/economics%22%3E%23Economics%3C/a%3E%20%3Ca%20class%3D%22mention%22%20data-mention%3D%22%23Markets%22%20data-user-id%3D%22dTaX87T5pmKe%22%20href%3D%22/topic/markets%22%3E%23Markets%3C/a%3E%26nbsp%3B\\\"}}],\\\"rawState\\\":\\\"\u003cp\u003eThe General Equilibrium Theory, also known as the Walrasian General Equilibrium, was given by the French economist Uon Walrus in the late 19th century. It is an attempt to understand macroeconomy as a whole rather than as an individual phenomena. In\u0026nbsp;Elements of Pure Economics1, Walras deliberated that all prices and quantities in all markets can determined through their interaction with one another at the same time.\u003c/p\u003e\u003cp\u003e\u003ca class=\\\\\\\"mention\\\\\\\" data-mention=\\\\\\\"#Economy\\\\\\\" data-user-id=\\\\\\\"5VhOB45vqxj9\\\\\\\" href=\\\\\\\"/topic/economy\\\\\\\"\u003e#Economy\u003c/a\u003e \u003ca class=\\\\\\\"mention\\\\\\\" data-mention=\\\\\\\"#Economics\\\\\\\" data-user-id=\\\\\\\"qrCP2UqtKqa4\\\\\\\" href=\\\\\\\"/topic/economics\\\\\\\"\u003e#Economics\u003c/a\u003e \u003ca class=\\\\\\\"mention\\\\\\\" data-mention=\\\\\\\"#Markets\\\\\\\" data-user-id=\\\\\\\"dTaX87T5pmKe\\\\\\\" href=\\\\\\\"/topic/markets\\\\\\\"\u003e#Markets\u003c/a\u003e\u0026nbsp;\u003c/p\u003e\\\",\\\"time\\\":1608874631391,\\\"strCount\\\":448,\\\"isLegacyPost\\\":false}","relatedPosts":null,"location":null,"createdBy":{"name":"Aakarsha Handa","photo":null,"username":"AakarshaHanda","id":"dDmAYixyU9fa","role":null},"topics":[{"name":"Economy","slug":"economy","id":"5VhOB45vqxj9","isSection":0},{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0},{"name":"Markets","slug":"markets","id":"dTaX87T5pmKe","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2020-12-25T11:07:09+05:30","publisher":6,"sourceFeed":null,"cleanText":"The General Equilibrium Theory, also known as the Walrasian General Equilibrium, was given by the French economist Uon Walrus in the late 19th century. It is an attempt to understand macroeconomy as a whole rather than as an individual phenomena. In Elements of Pure Economics1, Walras deliberated that all prices and quantities in all markets can determined through their interaction with one another at the same time. #Economy #Economics #Markets .","portalUser":{"id":"dDmAYixyU9fa","name":"Aakarsha Handa","username":"AakarshaHanda","photo":null,"role":7,"userType":0},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":null,"originalPublishedOn":"2020-12-25T11:04:27+05:30"}},{"node":{"id":"z35ianNO2X8H","slug":"what-is-per-capita-income","slugV2":"business/what-is-per-capita-income-661997/","title":"What%20is%20per%20capita%20income%3F","postType":1,"coverMedia":"/opoyi_C-FqnrDjE.jpg","coverCaption":"Do you know? (Photo Credit: unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2020-12-16T10:37:11+05:30","highlightSummary":"\u003cp\u003eWhat is per capita income?\u003c/p\u003e","highlightSummaryFlag":0,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":0.9960967109351863,"fakeTrust":0,"content":"{\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":62,\\\"data\\\":{\\\"text\\\":\\\"The%20answer%20is%20-%20Amount%20of%20money%20earned%20per%20person%20in%20a%20nation.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":257,\\\"data\\\":{\\\"text\\\":\\\"According%20to%20Class-10th%20Economics%20NCERT%20book%2C%20Per%20capita%20income%20is%20a%20measure%20of%20the%20amount%20of%20money%20earned%20per%20person%20in%20a%20nation%20or%20geographic%20region.%20Per%20capita%20income%20for%20a%20nation%20is%20calculated%20by%20dividing%20the%20country%27s%20national%20income%26nbsp%3Bby%20its%20population.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":28,\\\"data\\\":{\\\"text\\\":\\\"%3Ca%20class%3D%22mention%22%20data-mention%3D%22%23Economics%22%20data-user-id%3D%22qrCP2UqtKqa4%22%20href%3D%22/topic/economics%22%3E%23Economics%3C/a%3E%20%3Ca%20class%3D%22mention%22%20data-mention%3D%22%23Business%22%20data-user-id%3D%221hd39Bl2AdAV%22%20href%3D%22/topic/business%22%3E%23Business%3C/a%3E%20%3Ca%20class%3D%22mention%22%20data-mention%3D%22%23Money%22%20data-user-id%3D%22upNlvoTnRROF%22%20href%3D%22/topic/money%22%3E%23Money%3C/a%3E%26nbsp%3B\\\"}}],\\\"rawState\\\":\\\"\u003cp\u003eThe answer is - Amount of money earned per person in a nation.\u003c/p\u003e\u003cp\u003eAccording to Class-10th Economics NCERT book, Per capita income is a measure of the amount of money earned per person in a nation or geographic region. Per capita income for a nation is calculated by dividing the country's national income\u0026nbsp;by its population.\u003c/p\u003e\u003cp\u003e\u003ca class=\\\\\\\"mention\\\\\\\" data-mention=\\\\\\\"#Economics\\\\\\\" data-user-id=\\\\\\\"qrCP2UqtKqa4\\\\\\\" href=\\\\\\\"/topic/economics\\\\\\\"\u003e#Economics\u003c/a\u003e \u003ca class=\\\\\\\"mention\\\\\\\" data-mention=\\\\\\\"#Business\\\\\\\" data-user-id=\\\\\\\"1hd39Bl2AdAV\\\\\\\" href=\\\\\\\"/topic/business\\\\\\\"\u003e#Business\u003c/a\u003e \u003ca class=\\\\\\\"mention\\\\\\\" data-mention=\\\\\\\"#Money\\\\\\\" data-user-id=\\\\\\\"upNlvoTnRROF\\\\\\\" href=\\\\\\\"/topic/money\\\\\\\"\u003e#Money\u003c/a\u003e\u0026nbsp;\u003c/p\u003e\\\",\\\"time\\\":1608143826914,\\\"strCount\\\":347,\\\"isLegacyPost\\\":false}","relatedPosts":null,"location":{"name":"Patna, Bihar, India"},"createdBy":{"name":null,"photo":null,"username":null,"id":null,"role":null},"topics":[{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"Money","slug":"money","id":"upNlvoTnRROF","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2020-12-16T10:37:12+05:30","publisher":6,"sourceFeed":null,"cleanText":"The answer is - Amount of money earned per person in a nation. According to Class-10th Economics NCERT book, Per capita income is a measure of the amount of money earned per person in a nation or geographic region. Per capita income for a nation is calculated by dividing the country's national income by its population. #Economics #Business #Money .","portalUser":{"id":"lkyQnhI6xk8o","name":"Opoyi Buzz","username":"OpoyiBuzz","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_Xzp4oUynR.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"25.5941","longitude":"85.1376","name":"Patna, Bihar, India","city":"Patna"},"keywords":null,"originalPublishedOn":"2020-12-16T10:37:12+05:30"}},{"node":{"id":"nqaN7CHpQrgv","slug":"what-does-eoq-stand-for","slugV2":"india/what-does-eoq-stand-for-449529/","title":"What%20does%20EOQ%20stand%20for%3F%20","postType":1,"coverMedia":"/opoyi_lz93KqAMZ0.jpg","coverCaption":"Did you know? (Photo credits-Unsplash) ","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2020-11-23T16:16:27+05:30","highlightSummary":"\u003cp\u003eDo you know what EOQ stands for?\u0026nbsp;\u003c/p\u003e","highlightSummaryFlag":0,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":0.9977266634743613,"fakeTrust":0,"content":"{\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":401,\\\"data\\\":{\\\"text\\\":\\\"Answer-%20EOQ%20stands%20for%20Economic%20Order%20Quantity.%20Economic%20order%20quantity%20%28EOQ%29%20is%20the%20ideal%20order%20quantity%20a%20company%20should%20purchase%20to%20minimize%20inventory%20costs%20such%20as%20holding%20costs%2C%20shortage%20costs%2C%20and%20order%20costs.%20This%20production-scheduling%20model%20was%20developed%20in%201913%20by%20Ford%20W.%20Harris%20and%20has%20been%20refined%20over%20time.The%20formula%20assumes%20that%20demand%2C%20ordering%2C%20and%20holding%20costs%20all%20remain%20constant.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":33,\\\"data\\\":{\\\"text\\\":\\\"%3Ca%20class%3D%22mention%22%20data-mention%3D%22%23Economics%22%20data-user-id%3D%22qrCP2UqtKqa4%22%20href%3D%22/topic/economics%22%3E%23Economics%3C/a%3E%20%3Ca%20class%3D%22mention%22%20data-mention%3D%22%23India%22%20data-user-id%3D%22Bq4MmUPrXF8p%22%20href%3D%22/topic/india%22%3E%23India%3C/a%3E%20%3Ca%20class%3D%22mention%22%20data-mention%3D%22%23IndianEconomy%22%20data-user-id%3D%22oibP8XaaqR0K%22%20href%3D%22/topic/indian-economy%22%3E%23IndianEconomy%3C/a%3E%26nbsp%3B\\\"}}],\\\"rawState\\\":\\\"\u003cp\u003eAnswer- EOQ stands for Economic Order Quantity. Economic order quantity (EOQ) is the ideal order quantity a company should purchase to minimize inventory costs such as holding costs, shortage costs, and order costs. This production-scheduling model was developed in 1913 by Ford W. Harris and has been refined over time.The formula assumes that demand, ordering, and holding costs all remain constant.\u003c/p\u003e\u003cp\u003e\u003ca class=\\\\\\\"mention\\\\\\\" data-mention=\\\\\\\"#Economics\\\\\\\" data-user-id=\\\\\\\"qrCP2UqtKqa4\\\\\\\" href=\\\\\\\"/topic/economics\\\\\\\"\u003e#Economics\u003c/a\u003e \u003ca class=\\\\\\\"mention\\\\\\\" data-mention=\\\\\\\"#India\\\\\\\" data-user-id=\\\\\\\"Bq4MmUPrXF8p\\\\\\\" href=\\\\\\\"/topic/india\\\\\\\"\u003e#India\u003c/a\u003e \u003ca class=\\\\\\\"mention\\\\\\\" data-mention=\\\\\\\"#IndianEconomy\\\\\\\" data-user-id=\\\\\\\"oibP8XaaqR0K\\\\\\\" href=\\\\\\\"/topic/indian-economy\\\\\\\"\u003e#IndianEconomy\u003c/a\u003e\u0026nbsp;\u003c/p\u003e\\\",\\\"time\\\":1606128385588,\\\"strCount\\\":434,\\\"isLegacyPost\\\":false}","relatedPosts":null,"location":{"name":"Andhra Pradesh, India"},"createdBy":{"name":"Pallak Bareja","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_UaL7rccUz.jpg","username":"pallakbareja","id":"xsVRijNlkKHm","role":null},"topics":[{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0},{"name":"India","slug":"india","id":"Bq4MmUPrXF8p","isSection":1},{"name":"IndianEconomy","slug":"indianeconomy","id":"kzdkEBmiyLAT","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2020-11-23T16:16:28+05:30","publisher":6,"sourceFeed":null,"cleanText":"Answer- EOQ stands for Economic Order Quantity. Economic order quantity (EOQ) is the ideal order quantity a company should purchase to minimize inventory costs such as holding costs, shortage costs, and order costs. This production-scheduling model was developed in 1913 by Ford W. Harris and has been refined over time.The formula assumes that demand, ordering, and holding costs all remain constant. #Economics #India #IndianEconomy .","portalUser":{"id":"xsVRijNlkKHm","name":"Pallak Bareja","username":"pallakbareja","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_UaL7rccUz.jpg","role":7,"userType":0},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"15.9129","longitude":"79.74","name":"Andhra Pradesh, India","city":"Guntur"},"keywords":null,"originalPublishedOn":"2020-11-23T16:16:28+05:30"}},{"node":{"id":"Fqwmd1lM8C2F","slug":"hair-oil-biscuits-and-washing-powder-sales-tell-a-story-of-economic-recovery","slugV2":"business/hair-oil-biscuits-and-washing-powder-sales-tell-a-story-of-economic-recovery-300712/","title":"Hair%20oil%2C%20biscuits%20and%20washing%20powder%20sales%20tell%20a%20story%2C%20of%20economic%20recovery","postType":1,"coverMedia":"/opoyi_Z2yDUEguTK.jpg","coverCaption":"Healthy sales growth for FMCG companies suggest the worst of the pandemic-lead economic slowdown is probably behind us. (Photo Credit: Representative Image/Pixabay)","reactionStats":"{\"sad_count\": 0, \"like_count\": 8.0, \"angry_count\": 0, \"laugh_count\": 0, \"heartbreak_count\": 0}","updatedOn":"2020-10-21T15:09:29+05:30","highlightSummary":"\u003cul\u003e\u003cli\u003eHindustan Unilever Ltd recorded 3% increase in sales in the July-September quarter against a 7% decrease in the April-June quarter\u003c/li\u003e\u003cli\u003eGST collections in September showed a positive 4% growth against a negative 12% in August\u003c/li\u003e\u003cli\u003eExports rose for the first time this fiscal, by nearly 6% in dollar terms in September\u003c/li\u003e\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":8,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":0.9062125765064595,"fakeTrust":0,"content":"{\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":454,\\\"data\\\":{\\\"text\\\":\\\"What%20does%20healthy%20growth%20in%20sales%20of%20daily%20use%20items%20such%20as%20hair%20oil%2C%20biscuits%2C%20washing%20powder%2C%20fairness%20creams%20and%20tea%20tell%20us%20about%20the%20state%20of%20the%20Indian%20economy%3F%20As%20results%20of%20the%20country%u2019s%20biggest%20Fast%20Moving%20Consumer%20Goods%20%28FMCG%29%20companies%20came%20in%20for%20the%20September%20quarter%2C%20it%20became%20clear%20that%20for%20the%20first%20time%20since%20the%20pandemic%20arrived%20on%20Indian%20shores%2C%20growth%20has%20firmed%20up%20in%20rural%20markets%20and%20sales%20are%20picking%20up%20even%20in%20urban%20pockets.%26nbsp%3B\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":184,\\\"data\\\":{\\\"text\\\":\\\"And%20such%20sales%20growth%20of%20these%20myriad%20products%20points%20to%20the%20emergence%20of%20green%20shoots%20in%20the%20country%u2019s%20economy.%20The%20worst%20of%20the%20pandemic%20lead%20economic%20slowdown%20is%20probably%20behind%20us.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":344,\\\"data\\\":{\\\"text\\\":\\\"The%20latest%20numbers%20to%20bring%20cheer%20come%20from%20Hindustan%20Unilever%20Ltd%20%28HUL%29%2C%20the%20country%u2019s%20biggest%20FMCG%20company.%20Sales%20increased%20by%203%25%20in%20the%20July-September%20quarter%20%28excluding%20the%20portfolio%20of%20Glaxo%20SmithKline%2C%20which%20includes%20mega%20brands%20like%20Horlicks%20and%20Boost%29%20against%20a%20-7%25%20number%20in%20the%20April-June%20quarter%20and%20-9%25%20in%20the%20January-March%20period.%26nbsp%3B\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":178,\\\"data\\\":{\\\"text\\\":\\\"A%20swing%20from%20negative%20seven%20per%20cent%20to%20positive%20three%20per%20cent%20in%20a%20single%20quarter%20shows%20exemplary%20revival%20in%20certain%20product%20categories%20and%20by%20extension%2C%20in%20the%20Indian%20economy.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":289,\\\"data\\\":{\\\"text\\\":\\\"Analysts%20tracking%20HUL%20said%20sales%20growth%20in%20rural%20markets%20during%20the%20quarter%20was%2010%25%20in%20the%20company%u2019s%20biggest%20product%20category%20of%20health%20and%20hygiene.%20Also%2C%20the%20biggest%20upside%20was%20witnessed%20in%20the%20category%20%u2018discretionary%20portfolio%u2019%20which%20includes%20skin%20care%2C%20colour%20cosmetics%20and%20deodorants.%26nbsp%3B\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":326,\\\"data\\\":{\\\"text\\\":\\\"Here%2C%20sales%20had%20declined%20by%20a%20whopping%2045%25%20%28year%20on%20year%29%20in%20April-June%20but%20in%20the%20September%20quarter%2C%20the%20decline%20was%20much%20lesser%20ay%20just%2025%25.%20The%20western%20markets%20have%20seen%20a%20rise%20in%20discretionary%20spends%20as%20more%20of%20the%20economy%20opened%20up%20during%20the%20quarter%20and%20the%20improved%20sales%20in%20this%20category%20point%20to%20an%20urban%20bounce%20back.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":279,\\\"data\\\":{\\\"text\\\":\\\"Then%2C%20all%20of%20HUL%u2019s%20tea%20brands%20including%20%28Brooke%20Bond%20and%20Taj%20Mahal%29%20grew%20in%20double%20digits.%20Analysts%20at%20brokerage%20Edelweiss%20noted%20that%20rural%20sales%20for%20HUL%20did%20better%20than%20urban%20due%20to%20good%20monsoon%2C%20higher%20MSPs%2C%20government%20support%20and%20demand%20relocation%20as%20migrants%20deserted%20cities.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":237,\\\"data\\\":{\\\"text\\\":\\\"Results%20for%20another%20FMCG%20major%2C%20Bajaj%20Consumer%20Care%2C%20also%20showcase%20recovery%20in%20rural%20markets.%20Overall%20hair%20oil%20offtake%20recovered%20as%20the%20lockdown%20eased.%20Rural%20markets%20continued%20to%20do%20well%20but%20urban%20stress%20may%20continue%20for%20some%20more%20time.%26nbsp%3B\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":173,\\\"data\\\":{\\\"text\\\":\\\"Sporadic%20lockdowns%2C%20migration%20of%20labour%20away%20from%20town%20centres%20and%20drying%20up%20of%20upcountry%20customers%20at%20wholesale%20markets%20are%20some%20of%20the%20reasons%20for%20tepid%20urban%20consumption.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":323,\\\"data\\\":{\\\"text\\\":\\\"%3Cstrong%3ESeptember%20boost%3A%3C/strong%3E%20India%u2019s%20economic%20activity%20has%20bounced%20back%20in%20September%20and%20this%20becomes%20clear%20through%20some%20macro-economic%20indicators.%20%3Ca%20target%3D%22_blank%22%20rel%3D%22noopener%20noreferrer%22%20href%3D%22https%3A//pib.gov.in/PressReleasePage.aspx%3FPRID%3D1664831%22%3EExports%3C/a%3E%20led%20the%20way%20as%20they%20rose%20for%20the%20first%20time%20this%20fiscal%2C%20by%20nearly%206%25%20in%20dollar%20terms%20in%20September.%20This%20is%20a%20marked%20contrast%20from%20August%2C%20when%20exports%20had%20declined%20by%20nearly%2013%25.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":130,\\\"data\\\":{\\\"text\\\":\\\"Again%2C%20for%20the%20first%20time%20this%20fiscal%2C%20%3Ca%20target%3D%22_blank%22%20rel%3D%22noopener%20noreferrer%22%20href%3D%22https%3A//www.pib.gov.in/PressReleasePage.aspx%3FPRID%3D1660608%22%3EGST%20collections%20in%20September%3C/a%3E%20showed%20positive%20growth%20of%204%25%20against%20a%20negative%2012%25%20in%20August.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":270,\\\"data\\\":{\\\"text\\\":\\\"Sales%20of%20cars%20and%20two%20wheelers%20turned%20positive%20for%20the%20first%20time%20this%20fiscal.%20Vinkesh%20Gulati%2C%20President%20of%20the%20Federation%20of%20Automobile%20Dealers%20Association%2C%20said%20that%20sales%20of%20passenger%20vehicles%20surpassed%20last%20year%u2019s%20number%20for%20the%20first%20time%20this%20fiscal%20in%20September.%26nbsp%3B\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":468,\\\"data\\\":{\\\"text\\\":\\\"%u201CWhile%20recently%2C%20the%20economic%20revival%20was%20mostly%20limited%20to%20rural%20India%20and%20impact%20of%20Covid-19%20was%20still%20felt%20on%20larger%20states%20and%20urban%20centres%2C%20the%20top%20states%20which%20makes%20up%20half%20of%20India%u2019s%20economic%20output%20%28Maharashtra%2C%20Tamil%20Nadu%2C%20Uttar%20Pradesh%2C%20Karnataka%2C%20Gujarat%20and%20West%20Bengal%29%20are%20now%20showing%20signs%20of%20revival%20as%20economic%20activities%20in%20these%20states%20are%20at%20its%20peak%20since%20lockdown%20began%20in%20March.%20This%20has%20also%20helped%20in%20creating%20a%20demand%20for%20automobile%20sales.%u201D\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":253,\\\"data\\\":{\\\"text\\\":\\\"That%20said%2C%20India%u2019s%20fiscal%20push%20is%20among%20the%20weakest%20and%20it%20is%20among%20the%20few%20countries%20to%20see%20growth%20downgrade%20in%20IMF%u2019s%20latest%20forecasts.%20So%20while%20the%20economy%20is%20picking%20up%20steam%2C%20the%20revival%20would%20be%20aided%20and%20sustained%20through%20a%20sustained%20fiscal%20push.%26nbsp%3B\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":267,\\\"data\\\":{\\\"text\\\":\\\"The%20Centre%20has%20unveiled%20two%20rounds%20of%20fiscal%20stimuli%20and%20Finance%20Minister%20Nirmala%20Sitharaman%20has%20indicated%20that%20the%20government%20is%20not%20averse%20to%20more%20such%20measures.%20That%20should%20be%20seen%20as%20positive%20news%20and%20any%20more%20such%20announcements%20may%20help%20hasten%20economic%20recovery.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"blockLen\\\":87,\\\"data\\\":{\\\"text\\\":\\\"%3Ca%20class%3D%22mention%22%20data-mention%3D%22%23Finance%22%20data-user-id%3D%22vdfCkTLQAVNK%22%20href%3D%22/topic/finance%22%3E%23Finance%3C/a%3E%20%3Ca%20class%3D%22mention%22%20data-mention%3D%22%23Business%22%20data-user-id%3D%221hd39Bl2AdAV%22%20href%3D%22/topic/business%22%3E%23Business%3C/a%3E%20%3Ca%20class%3D%22mention%22%20data-mention%3D%22%23Economics%22%20data-user-id%3D%22qrCP2UqtKqa4%22%20href%3D%22/topic/economics%22%3E%23Economics%3C/a%3E%20%3Ca%20class%3D%22mention%22%20data-mention%3D%22%23IndianEconomy%22%20data-user-id%3D%22oibP8XaaqR0K%22%20href%3D%22/topic/indian-economy%22%3E%23IndianEconomy%3C/a%3E%20%3Ca%20class%3D%22mention%22%20data-mention%3D%22%23GST%22%20data-user-id%3D%22dBpvncc0ghAz%22%20href%3D%22/topic/gst%22%3E%23GST%3C/a%3E%20%3Ca%20class%3D%22mention%22%20data-mention%3D%22%23FinanceMinister%22%20data-user-id%3D%22EkqVCNetJJgD%22%20href%3D%22/topic/finance-minister%22%3E%23FinanceMinister%3C/a%3E%20%3Ca%20class%3D%22mention%22%20data-mention%3D%22%23NirmalaSitharaman%22%20data-user-id%3D%22pblzqX86Ztpc%22%20href%3D%22/topic/nirmala-sitharaman%22%3E%23NirmalaSitharaman%3C/a%3E%20%26nbsp%3B\\\"}}],\\\"rawState\\\":\\\"\u003cp\u003eWhat does healthy growth in sales of daily use items such as hair oil, biscuits, washing powder, fairness creams and tea tell us about the state of the Indian economy? As results of the country’s biggest Fast Moving Consumer Goods (FMCG) companies came in for the September quarter, it became clear that for the first time since the pandemic arrived on Indian shores, growth has firmed up in rural markets and sales are picking up even in urban pockets.\u0026nbsp;\u003c/p\u003e\u003cp\u003eAnd such sales growth of these myriad products points to the emergence of green shoots in the country’s economy. The worst of the pandemic lead economic slowdown is probably behind us.\u003c/p\u003e\u003cp\u003eThe latest numbers to bring cheer come from Hindustan Unilever Ltd (HUL), the country’s biggest FMCG company. Sales increased by 3% in the July-September quarter (excluding the portfolio of Glaxo SmithKline, which includes mega brands like Horlicks and Boost) against a -7% number in the April-June quarter and -9% in the January-March period.\u0026nbsp;\u003c/p\u003e\u003cp\u003eA swing from negative seven per cent to positive three per cent in a single quarter shows exemplary revival in certain product categories and by extension, in the Indian economy.\u003c/p\u003e\u003cp\u003eAnalysts tracking HUL said sales growth in rural markets during the quarter was 10% in the company’s biggest product category of health and hygiene. Also, the biggest upside was witnessed in the category ‘discretionary portfolio’ which includes skin care, colour cosmetics and deodorants.\u0026nbsp;\u003c/p\u003e\u003cp\u003eHere, sales had declined by a whopping 45% (year on year) in April-June but in the September quarter, the decline was much lesser ay just 25%. The western markets have seen a rise in discretionary spends as more of the economy opened up during the quarter and the improved sales in this category point to an urban bounce back.\u003c/p\u003e\u003cp\u003eThen, all of HUL’s tea brands including (Brooke Bond and Taj Mahal) grew in double digits. Analysts at brokerage Edelweiss noted that rural sales for HUL did better than urban due to good monsoon, higher MSPs, government support and demand relocation as migrants deserted cities.\u003c/p\u003e\u003cp\u003eResults for another FMCG major, Bajaj Consumer Care, also showcase recovery in rural markets. Overall hair oil offtake recovered as the lockdown eased. Rural markets continued to do well but urban stress may continue for some more time.\u0026nbsp;\u003c/p\u003e\u003cp\u003eSporadic lockdowns, migration of labour away from town centres and drying up of upcountry customers at wholesale markets are some of the reasons for tepid urban consumption.\u003c/p\u003e\u003cp\u003e\u003cstrong\u003eSeptember boost:\u003c/strong\u003e India’s economic activity has bounced back in September and this becomes clear through some macro-economic indicators. \u003ca target=\\\\\\\"_blank\\\\\\\" rel=\\\\\\\"noopener noreferrer\\\\\\\" href=\\\\\\\"https://pib.gov.in/PressReleasePage.aspx?PRID=1664831\\\\\\\"\u003eExports\u003c/a\u003e led the way as they rose for the first time this fiscal, by nearly 6% in dollar terms in September. This is a marked contrast from August, when exports had declined by nearly 13%.\u003c/p\u003e\u003cp\u003eAgain, for the first time this fiscal, \u003ca target=\\\\\\\"_blank\\\\\\\" rel=\\\\\\\"noopener noreferrer\\\\\\\" href=\\\\\\\"https://www.pib.gov.in/PressReleasePage.aspx?PRID=1660608\\\\\\\"\u003eGST collections in September\u003c/a\u003e showed positive growth of 4% against a negative 12% in August.\u003c/p\u003e\u003cp\u003eSales of cars and two wheelers turned positive for the first time this fiscal. Vinkesh Gulati, President of the Federation of Automobile Dealers Association, said that sales of passenger vehicles surpassed last year’s number for the first time this fiscal in September.\u0026nbsp;\u003c/p\u003e\u003cp\u003e“While recently, the economic revival was mostly limited to rural India and impact of Covid-19 was still felt on larger states and urban centres, the top states which makes up half of India’s economic output (Maharashtra, Tamil Nadu, Uttar Pradesh, Karnataka, Gujarat and West Bengal) are now showing signs of revival as economic activities in these states are at its peak since lockdown began in March. This has also helped in creating a demand for automobile sales.”\u003c/p\u003e\u003cp\u003eThat said, India’s fiscal push is among the weakest and it is among the few countries to see growth downgrade in IMF’s latest forecasts. So while the economy is picking up steam, the revival would be aided and sustained through a sustained fiscal push.\u0026nbsp;\u003c/p\u003e\u003cp\u003eThe Centre has unveiled two rounds of fiscal stimuli and Finance Minister Nirmala Sitharaman has indicated that the government is not averse to more such measures. That should be seen as positive news and any more such announcements may help hasten economic recovery.\u003c/p\u003e\u003cp\u003e\u003ca class=\\\\\\\"mention\\\\\\\" data-mention=\\\\\\\"#Finance\\\\\\\" data-user-id=\\\\\\\"vdfCkTLQAVNK\\\\\\\" href=\\\\\\\"/topic/finance\\\\\\\"\u003e#Finance\u003c/a\u003e \u003ca class=\\\\\\\"mention\\\\\\\" data-mention=\\\\\\\"#Business\\\\\\\" data-user-id=\\\\\\\"1hd39Bl2AdAV\\\\\\\" href=\\\\\\\"/topic/business\\\\\\\"\u003e#Business\u003c/a\u003e \u003ca class=\\\\\\\"mention\\\\\\\" data-mention=\\\\\\\"#Economics\\\\\\\" data-user-id=\\\\\\\"qrCP2UqtKqa4\\\\\\\" href=\\\\\\\"/topic/economics\\\\\\\"\u003e#Economics\u003c/a\u003e \u003ca class=\\\\\\\"mention\\\\\\\" data-mention=\\\\\\\"#IndianEconomy\\\\\\\" data-user-id=\\\\\\\"oibP8XaaqR0K\\\\\\\" href=\\\\\\\"/topic/indian-economy\\\\\\\"\u003e#IndianEconomy\u003c/a\u003e \u003ca class=\\\\\\\"mention\\\\\\\" data-mention=\\\\\\\"#GST\\\\\\\" data-user-id=\\\\\\\"dBpvncc0ghAz\\\\\\\" href=\\\\\\\"/topic/gst\\\\\\\"\u003e#GST\u003c/a\u003e \u003ca class=\\\\\\\"mention\\\\\\\" data-mention=\\\\\\\"#FinanceMinister\\\\\\\" data-user-id=\\\\\\\"EkqVCNetJJgD\\\\\\\" href=\\\\\\\"/topic/finance-minister\\\\\\\"\u003e#FinanceMinister\u003c/a\u003e \u003ca class=\\\\\\\"mention\\\\\\\" data-mention=\\\\\\\"#NirmalaSitharaman\\\\\\\" data-user-id=\\\\\\\"pblzqX86Ztpc\\\\\\\" href=\\\\\\\"/topic/nirmala-sitharaman\\\\\\\"\u003e#NirmalaSitharaman\u003c/a\u003e \u0026nbsp;\u003c/p\u003e\\\",\\\"time\\\":1603273168512,\\\"strCount\\\":4262,\\\"isLegacyPost\\\":false}","relatedPosts":null,"location":{"name":"New Delhi, Delhi, India"},"createdBy":{"name":"Sindhu Bhattacharya","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_l1w7_61qDC.jpg","username":"sindhu","id":"fG0yZfRlhHWL","role":null},"topics":[{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0},{"name":"IndianEconomy","slug":"indianeconomy","id":"kzdkEBmiyLAT","isSection":0},{"name":"GST","slug":"gst","id":"dBpvncc0ghAz","isSection":0},{"name":"FinanceMinister","slug":"financeminister","id":"2LoDl0O1HC54","isSection":0},{"name":"NirmalaSitharaman","slug":"nirmalasitharaman","id":"lrmXa26Ltafh","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2020-10-21T15:09:30+05:30","publisher":2,"sourceFeed":null,"cleanText":"What does healthy growth in sales of daily use items such as hair oil, biscuits, washing powder, fairness creams and tea tell us about the state of the Indian economy? As results of the country’s biggest Fast Moving Consumer Goods (FMCG) companies came in for the September quarter, it became clear that for the first time since the pandemic arrived on Indian shores, growth has firmed up in rural markets and sales are picking up even in urban pockets. . And such sales growth of these myriad products points to the emergence of green shoots in the country’s economy. The worst of the pandemic lead economic slowdown is probably behind us. The latest numbers to bring cheer come from Hindustan Unilever Ltd (HUL), the country’s biggest FMCG company. Sales increased by 3% in the July-September quarter (excluding the portfolio of Glaxo SmithKline, which includes mega brands like Horlicks and Boost) against a -7% number in the April-June quarter and -9% in the January-March period. . A swing from negative seven per cent to positive three per cent in a single quarter shows exemplary revival in certain product categories and by extension, in the Indian economy. Analysts tracking HUL said sales growth in rural markets during the quarter was 10% in the company’s biggest product category of health and hygiene. Also, the biggest upside was witnessed in the category ‘discretionary portfolio’ which includes skin care, colour cosmetics and deodorants. . Here, sales had declined by a whopping 45% (year on year) in April-June but in the September quarter, the decline was much lesser ay just 25%. The western markets have seen a rise in discretionary spends as more of the economy opened up during the quarter and the improved sales in this category point to an urban bounce back. Then, all of HUL’s tea brands including (Brooke Bond and Taj Mahal) grew in double digits. Analysts at brokerage Edelweiss noted that rural sales for HUL did better than urban due to good monsoon, higher MSPs, government support and demand relocation as migrants deserted cities. Results for another FMCG major, Bajaj Consumer Care, also showcase recovery in rural markets. Overall hair oil offtake recovered as the lockdown eased. Rural markets continued to do well but urban stress may continue for some more time. . Sporadic lockdowns, migration of labour away from town centres and drying up of upcountry customers at wholesale markets are some of the reasons for tepid urban consumption. September boost: India’s economic activity has bounced back in September and this becomes clear through some macro-economic indicators. Exports led the way as they rose for the first time this fiscal, by nearly 6% in dollar terms in September. This is a marked contrast from August, when exports had declined by nearly 13%. Again, for the first time this fiscal, GST collections in September showed positive growth of 4% against a negative 12% in August. Sales of cars and two wheelers turned positive for the first time this fiscal. Vinkesh Gulati, President of the Federation of Automobile Dealers Association, said that sales of passenger vehicles surpassed last year’s number for the first time this fiscal in September. . “While recently, the economic revival was mostly limited to rural India and impact of Covid-19 was still felt on larger states and urban centres, the top states which makes up half of India’s economic output (Maharashtra, Tamil Nadu, Uttar Pradesh, Karnataka, Gujarat and West Bengal) are now showing signs of revival as economic activities in these states are at its peak since lockdown began in March. This has also helped in creating a demand for automobile sales.”. That said, India’s fiscal push is among the weakest and it is among the few countries to see growth downgrade in IMF’s latest forecasts. So while the economy is picking up steam, the revival would be aided and sustained through a sustained fiscal push. . The Centre has unveiled two rounds of fiscal stimuli and Finance Minister Nirmala Sitharaman has indicated that the government is not averse to more such measures. That should be seen as positive news and any more such announcements may help hasten economic recovery. #Finance #Business #Economics #IndianEconomy #GST #FinanceMinister #NirmalaSitharaman .","portalUser":{"id":"fG0yZfRlhHWL","name":"Sindhu Bhattacharya","username":"sindhu","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_l1w7_61qDC.jpg","role":4,"userType":0},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"28.6139","longitude":"77.209","name":"New Delhi, Delhi, India","city":"Delhi"},"keywords":null,"originalPublishedOn":"2020-10-21T15:09:30+05:30"}},{"node":{"id":"zRHSz8OdFeEL","slug":"fiscal-buffers-over-medium-to-long-term-need-to-be-rebuild-imf","slugV2":"business/fiscal-buffers-over-medium-to-long-term-need-to-be-rebuild-imf-674558/","title":"Fiscal buffers over medium to long term need to be rebuild: IMF","postType":1,"coverMedia":"/opoyi_DL4f5fOKw.jpg","coverCaption":"IMF said fiscal policy for the future will depend on the evolution of COVID-19. (Representative Image/Unsplash)","reactionStats":"{\"sad_count\": 0, \"like_count\": 1.0, \"angry_count\": 0, \"laugh_count\": 0, \"heartbreak_count\": 0}","updatedOn":"2020-10-14T19:35:29+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eCountries have spent $11.7 trillion in response to the COVID-19 pandemic: IMF\u003c/li\u003e\n \u003cli\u003eSwift and decisive financial action was crucial in saving lives, said IMF official\u003c/li\u003e\n \u003cli\u003eThe global public debt has shot up to 100% of the GDP\u0026nbsp;in 2020\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":1,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1602684329670,\\\"strCount\\\":5735,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The International\\\\nMonetary Fund (IMF) on Wednesday said that governments around the world will\\\\nhave to rebuild fiscal buffers over medium and long-term period after having\\\\nspent $11.7 trillion in response to the COVID-19 pandemic. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Vitor\\\\nGaspar, director of the IMF’s Fiscal Affairs Department, said swift and decisive\\\\nfiscal action was crucial in saving lives, along with supporting vulnerable\\\\npeople and firms and soften the economic fallout, PTI reported.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/solid-achievement-of-bjps-hate-filled-cultural-nationalism-rahul-gandhi-on-imf-data-641489/\\\\\\\"\u003e'Solid achievement' of BJP's 'hate-filled cultural nationalism': Rahul Gandhi on IMF data\u003c/a\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"However, a\\\\nsharp increase in primary deficits and the decline in economic activity caused\\\\nthe global public debt to shoot up to 100% of the GDP in 2020. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“Going\\\\nforward, over the medium-term, public debt is projected to stabilise, at a high\\\\nlevel – close to 100% of GDP - up to 2025,” Gaspar told PTI. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“In our\\\\nview, the priority is to bring COVID-19 under control. As for fiscal policy, it\\\\nis important to avoid premature withdrawal of fiscal support. It is necessary\\\\nto sustain the recovery and to avoid permanent scarring to economies and\\\\nsocieties,” he added. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Gaspar said\\\\nthat the composition of fiscal support should change over time, while the\\\\nsupport for firms and workers should shift towards facilitating resource\\\\nreallocation and economic transformation, including investment in people and\\\\ncapital.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“Countries\\\\nwill need to rebuild fiscal buffers over the medium term to long term. It is\\\\nimportant to think ahead about long term challenges. It is also important to\\\\nreinforce the respect for principles of transparency and good governance,”\\\\nGaspar said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/business/imf-warns-of-slow-recovery-of-global-economy-long-climb-out-of-recession-259718/\\\\\\\"\u003eIMF warns of slow recovery of global economy, long climb out of recession\u003c/a\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The virus,\\\\nwhich has killed over a million people globally, has triggered a substantial increase\\\\nin public finance risks, with a medium to long term fiscal framework helping countries\\\\nto deal with the relevant trade-offs over time. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“For\\\\nexample, for countries with fiscal space and deeper scarring, a slow reduction\\\\nin the fiscal deficit could be appropriate. That would be particularly the case\\\\nif the increase in debt were used efficiently to finance productive public\\\\ninvestment. Under such conditions the favourable impact on growth could even\\\\nfoster public finance resilience,” he explained. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"However,\\\\nfor countries dealing with financial constraints, rising financing costs and roll-over\\\\nchallenges, fiscal consolidation is necessary for a stable and sustainable recovery,\\\\nthe IMF official said, adding that some developing nations will need more financial support\\\\nand debt relief. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“Budget\\\\nsupport has amounted to more than nine per cent of GDP in Advanced Economies\\\\n(AEs) and to about four per cent of GDP in Emerging and Developing Economies\\\\n(EMDEs). Financial support including equity injections, loans, and credit\\\\nguarantees, amounted to another 11 per cent of GDP in AEs and two per cent of\\\\nGDP in EMDEs,” he said. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The varying\\\\nsize and composition of the policy support across countries reflects their\\\\nunderlying fundamentals, health capacity and preparedness, available fiscal and\\\\nborrowing space and difference in timing of infections, he said. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Gaspar said\\\\nthat the first priority for governments was to support health systems, adding\\\\nthat countries also adopted lifelines to protect households, workers and\\\\nbusinesses.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/india/world-gdp-to-drop-44-in-2020-rise-52-2021-imf-135510/\\\\\\\"\u003eWorld GDP to drop 4.4% in 2020, rise 5.2% in 2021: IMF\u003c/a\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“Financial\\\\nsupport measures, such as equity injections and direct or guaranteed loans have\\\\nbeen necessary to prevent bankruptcies and mass layoffs. Countries have also\\\\nused temporary tax deferrals and cuts which have helped maintain businesses’\\\\ncash-flow,” Gaspar said. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"He said that\\\\nfiscal policy for the future will depend on the evolution of COVID-19 and its\\\\neconomic implications, adding that it is necessary to form contingent plans given\\\\nthe uncertainty over the situation. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“The Fiscal\\\\nMonitor emphasises the importance of not removing fiscal support too soon or\\\\ntoo fast. The consequences of doing too little are worse than doing too much.\\\\nBut countries will also need to plan for a gradual adjustment to bring deficits\\\\ndown and stabilise debt.”\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Flexible use\\\\nof a set of fiscal measures is necessary to navigate tentative reopening and to\\\\nfacilitate structural transformation to a new, post-pandemic economy, Gaspar\\\\nsaid.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“Specifically,\\\\nas lockdowns ease and become more selective, governments should ensure that\\\\nlifelines are not withdrawn too rapidly. Improvements in the ability of social\\\\nprotection systems to reach, target, and deliver benefits to the most\\\\nvulnerable people should be preserved.”\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\u003cb\u003eAlso Read:\u0026nbsp;\u003ca href=\\\\\\\"https://opoyi.com/usa/china-2020-growth-forecast-almost-doubled-to-19-by-imf-444007/\\\\\\\"\u003eChina 2020 growth forecast almost doubled to 1.9% by IMF\u003c/a\u003e\u003c/b\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"When health\\\\nrisks are mitigated, support should shift from protecting employee-firm relationships\\\\nto helping workers find new jobs, helping vulnerable firms reopen and\\\\nsupporting structural transformation. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Given\\\\nthe unprecedented nature of the shock, the immediate priority in India is a\\\\ncomprehensive policy response to fight the virus, prevent long-term damage to\\\\nproductive capacity, and provide social insurance to the most vulnerable.\\\\nAlthough medium-term fiscal consolidation will be necessary, fiscal support can\\\\nand should be deployed as needed to support the poor and kickstart the\\\\nrecovery,\\\\\\\" he said.\\\"}}]}","relatedPosts":null,"location":{"name":"Washington D.C., DC, USA"},"createdBy":{"name":"Shubham Banerjee","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_ZJQDZCA0nkr.jpg","username":"shubham0296","id":"8M6puzt7QPLg","role":null},"topics":[{"name":"IMF","slug":"imf","id":"HagnF01J4NI4","isSection":0},{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0},{"name":"covid19","slug":"covid19","id":"S9X5iTjQfBZD","isSection":0},{"name":"Coronavirus","slug":"coronavirus","id":"ZAlCyskRZCe9","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"Finance","slug":"finance","id":"vdfCkTLQAVNK","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Opoyi Central","id":"kQKU5wG2FUA","username":"opoyicentral","role":2,"userType":1}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[{"id":"3","name":"PTI"}],"originalPost":null,"publishedOn":"2020-10-14T19:26:37+05:30","publisher":0,"sourceFeed":null,"cleanText":"The International\nMonetary Fund (IMF) on Wednesday said that governments around the world will\nhave to rebuild fiscal buffers over medium and long-term period after having\nspent $11.7 trillion in response to the COVID-19 pandemic. ,Vitor\nGaspar, director of the IMF’s Fiscal Affairs Department, said swift and decisive\nfiscal action was crucial in saving lives, along with supporting vulnerable\npeople and firms and soften the economic fallout, PTI reported.,\u003cb\u003eAlso Read:\u0026nbsp;\u003ca href=\"https://opoyi.com/solid-achievement-of-bjps-hate-filled-cultural-nationalism-rahul-gandhi-on-imf-data\"\u003e'Solid achievement' of BJP's 'hate-filled cultural nationalism': Rahul Gandhi on IMF data\u003c/a\u003e\u003c/b\u003e,However, a\nsharp increase in primary deficits and the decline in economic activity caused\nthe global public debt to shoot up to 100% of the GDP in 2020. ,“Going\nforward, over the medium-term, public debt is projected to stabilise, at a high\nlevel – close to 100% of GDP - up to 2025,” Gaspar told PTI. ,“In our\nview, the priority is to bring COVID-19 under control. As for fiscal policy, it\nis important to avoid premature withdrawal of fiscal support. It is necessary\nto sustain the recovery and to avoid permanent scarring to economies and\nsocieties,” he added. ,Gaspar said\nthat the composition of fiscal support should change over time, while the\nsupport for firms and workers should shift towards facilitating resource\nreallocation and economic transformation, including investment in people and\ncapital.,“Countries\nwill need to rebuild fiscal buffers over the medium term to long term. It is\nimportant to think ahead about long term challenges. It is also important to\nreinforce the respect for principles of transparency and good governance,”\nGaspar said.,\u003cb\u003eAlso Read:\u0026nbsp;\u003ca href=\"https://opoyi.com/imf-warns-of-slow-recovery-of-global-economy-long-climb-out-of-recession\"\u003eIMF warns of slow recovery of global economy, long climb out of recession\u003c/a\u003e\u003c/b\u003e,The virus,\nwhich has killed over a million people globally, has triggered a substantial increase\nin public finance risks, with a medium to long term fiscal framework helping countries\nto deal with the relevant trade-offs over time. ,“For\nexample, for countries with fiscal space and deeper scarring, a slow reduction\nin the fiscal deficit could be appropriate. That would be particularly the case\nif the increase in debt were used efficiently to finance productive public\ninvestment. Under such conditions the favourable impact on growth could even\nfoster public finance resilience,” he explained. ,However,\nfor countries dealing with financial constraints, rising financing costs and roll-over\nchallenges, fiscal consolidation is necessary for a stable and sustainable recovery,\nthe IMF official said, adding that some developing nations will need more financial support\nand debt relief. ,“Budget\nsupport has amounted to more than nine per cent of GDP in Advanced Economies\n(AEs) and to about four per cent of GDP in Emerging and Developing Economies\n(EMDEs). Financial support including equity injections, loans, and credit\nguarantees, amounted to another 11 per cent of GDP in AEs and two per cent of\nGDP in EMDEs,” he said. ,The varying\nsize and composition of the policy support across countries reflects their\nunderlying fundamentals, health capacity and preparedness, available fiscal and\nborrowing space and difference in timing of infections, he said. ,Gaspar said\nthat the first priority for governments was to support health systems, adding\nthat countries also adopted lifelines to protect households, workers and\nbusinesses.,\u003cb\u003eAlso Read:\u0026nbsp;\u003ca href=\"https://opoyi.com/world-gdp-to-drop-44-in-2020-rise-52-2021-imf\"\u003eWorld GDP to drop 4.4% in 2020, rise 5.2% in 2021: IMF\u003c/a\u003e\u003c/b\u003e,“Financial\nsupport measures, such as equity injections and direct or guaranteed loans have\nbeen necessary to prevent bankruptcies and mass layoffs. Countries have also\nused temporary tax deferrals and cuts which have helped maintain businesses’\ncash-flow,” Gaspar said. ,He said that\nfiscal policy for the future will depend on the evolution of COVID-19 and its\neconomic implications, adding that it is necessary to form contingent plans given\nthe uncertainty over the situation. ,“The Fiscal\nMonitor emphasises the importance of not removing fiscal support too soon or\ntoo fast. The consequences of doing too little are worse than doing too much.\nBut countries will also need to plan for a gradual adjustment to bring deficits\ndown and stabilise debt.”,Flexible use\nof a set of fiscal measures is necessary to navigate tentative reopening and to\nfacilitate structural transformation to a new, post-pandemic economy, Gaspar\nsaid.,“Specifically,\nas lockdowns ease and become more selective, governments should ensure that\nlifelines are not withdrawn too rapidly. Improvements in the ability of social\nprotection systems to reach, target, and deliver benefits to the most\nvulnerable people should be preserved.”,\u003cb\u003eAlso Read:\u0026nbsp;\u003ca href=\"https://opoyi.com/china-2020-growth-forecast-almost-doubled-to-19-by-imf\"\u003eChina 2020 growth forecast almost doubled to 1.9% by IMF\u003c/a\u003e\u003c/b\u003e,When health\nrisks are mitigated, support should shift from protecting employee-firm relationships\nto helping workers find new jobs, helping vulnerable firms reopen and\nsupporting structural transformation. ,\"Given\nthe unprecedented nature of the shock, the immediate priority in India is a\ncomprehensive policy response to fight the virus, prevent long-term damage to\nproductive capacity, and provide social insurance to the most vulnerable.\nAlthough medium-term fiscal consolidation will be necessary, fiscal support can\nand should be deployed as needed to support the poor and kickstart the\nrecovery,\" he said.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"38.9072","longitude":"-77.0369","name":"Washington D.C., DC, USA","city":"Washington"},"keywords":"International Monetary Fund, IMF, COVID-19, Vitor Gaspar","originalPublishedOn":"2020-10-14T19:26:37+05:30"}},{"node":{"id":"SYbpvakmZxNL","slug":"jpmorgan-chase-earnings-rise-reports-94-billion-in-profits","slugV2":"business/jpmorgan-chase-earnings-rise-reports-94-billion-in-profits-547767/","title":"JPMorgan Chase earnings rise; reports $9.4 billion in profits","postType":1,"coverMedia":"/opoyi_4KlPjCNjp.jpg","coverCaption":"JPMorgan had set aside billions of dollars in bad loans in the last two quarters. (Photo Credit: Representational Image/Unsplash)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2020-10-13T19:00:04+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe bank reported $611 million in credit costs in the third quarter\u003c/li\u003e\n \u003cli\u003eShares of JPMorgan rose 1.5% to $104.00 in pre-market trading\u003c/li\u003e\n \u003cli\u003eThe results show the bank's commitment to \"an inclusive economic recovery\": Official\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1602595803811,\\\"strCount\\\":1832,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Banking giants JPMorgan Chase reported higher third-quarter earnings on Tuesday behind the strength in investment banking, avoiding new reserves for bad loans that have plagued the last two quarters, reported AFP.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The US bank reported $9.4 billion in profits, up by four percent from the year-ago period as revenues were down slightly at $29.9 billion.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Like other large banks, JPMorgan had set aside billions of dollars in bad loans in the last two quarters due to the coronavirus.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"But after nearly $20 billion in credit costs in the first half of 2020, the bank reported just $611 million in credit costs in the third quarter. That figure included a boost from $569 in reserve releases.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\" Jamie Dimon, chief executive of JPMorgan, said the results show the bank's commitment to \\\\\\\"an inclusive economic recovery\\\\\\\" in spite of \\\\\\\"significant uncertainty.\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"As in the second quarter, when volatility boosted trading activity, JPMorgan again scored higher revenue from its markets division.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"On the downside, the bank reported a decline in net interest income in the wake of Federal Reserve actions to keep rates low to boost the economy.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The much lower credit costs are an indicator of how the US economy has stabilised after the upheaval earlier in the year following broad lockdowns to contain the coronavirus. The set-asides taken earlier in the year were in preparation for possibly significant loan defaults.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"A key factor has been hefty US fiscal relief spending earlier in the year that provided a cushion to many households and avoided devastating non-payments seen in other recessions, bank executives said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"However, bank executives have cautioned that much uncertainty remains ahead given the coronavirus and the failure so far of policy-makers to enact fresh stimulus.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Shares of JPMorgan rose 1.5% to $104.00 in pre-market trading.\\\"}}]}","relatedPosts":null,"location":null,"createdBy":{"name":"Sayantan Guha","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_l9kCNwJYb.jpg","username":"sayantanguha","id":"iNYEjMAJBR4o","role":null},"topics":[{"name":"JPMorgan","slug":"jpmorgan","id":"uvPbG4QGB0lw","isSection":0},{"name":"Bank","slug":"bank","id":"3qqcXJ1ffKSS","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1},{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Sayantan Guha","id":"iNYEjMAJBR4o","username":"sayantanguha","role":7,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[{"id":"2","name":"AFP"}],"originalPost":null,"publishedOn":"2020-10-13T19:00:03+05:30","publisher":0,"sourceFeed":null,"cleanText":"Banking giants JPMorgan Chase reported higher third-quarter earnings on Tuesday behind the strength in investment banking, avoiding new reserves for bad loans that have plagued the last two quarters, reported AFP.,The US bank reported $9.4 billion in profits, up by four percent from the year-ago period as revenues were down slightly at $29.9 billion.,Like other large banks, JPMorgan had set aside billions of dollars in bad loans in the last two quarters due to the coronavirus.,But after nearly $20 billion in credit costs in the first half of 2020, the bank reported just $611 million in credit costs in the third quarter. That figure included a boost from $569 in reserve releases., Jamie Dimon, chief executive of JPMorgan, said the results show the bank's commitment to \"an inclusive economic recovery\" in spite of \"significant uncertainty.\",As in the second quarter, when volatility boosted trading activity, JPMorgan again scored higher revenue from its markets division.,On the downside, the bank reported a decline in net interest income in the wake of Federal Reserve actions to keep rates low to boost the economy.,The much lower credit costs are an indicator of how the US economy has stabilised after the upheaval earlier in the year following broad lockdowns to contain the coronavirus. The set-asides taken earlier in the year were in preparation for possibly significant loan defaults.,A key factor has been hefty US fiscal relief spending earlier in the year that provided a cushion to many households and avoided devastating non-payments seen in other recessions, bank executives said.,However, bank executives have cautioned that much uncertainty remains ahead given the coronavirus and the failure so far of policy-makers to enact fresh stimulus.,Shares of JPMorgan rose 1.5% to $104.00 in pre-market trading.","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":null,"keywords":"jpmorgan chase,bank,jamie dimon,quarters,profit,reserves,bad loans,shares,stock,","originalPublishedOn":"2020-10-13T19:00:03+05:30"}},{"node":{"id":"LL4XuOoBD3re","slug":"watch-nobel-laureate-robert-wilsons-215-am-knock-to-tell-co-winner-paul-milgrom-he-won-nobel-prize","slugV2":"india/watch-nobel-laureate-robert-wilsons-215-am-knock-to-tell-co-winner-paul-milgrom-he-won-nobel-prize-409255/","title":"Watch: Nobel laureate Robert Wilson's 2:15 am knock to tell co-winner Paul Milgrom he won Nobel Prize","postType":1,"coverMedia":"/opoyi_m2fwQkCuc.jpg","coverCaption":"Nobel laureate Robert Wilson telling co-winner Paul Milgrom that he had won the Nobel Prize. (Photo Credit: ScreenGrab-Twitter/Stanford University)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2020-10-13T14:23:35+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eRobert Wilson and Paul Milgrom have won the 2020 Nobel Prize in Economic Sciences\u003c/li\u003e\n \u003cli\u003eBoth\u0026nbsp;are professors at Stanford University and live on the same street\u003c/li\u003e\n \u003cli\u003eThe university shared the video of Wilson telling Milgrom about his feat\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1602579217863,\\\"strCount\\\":1688,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Robert Wilson and Paul Milgrom won the 2020 Sveriges Riksbank Prize in Economic Sciences on Monday. What followed after shows the excitement and camaraderie the two Stanford University professors share. The 72-year old Milgrom was informed about winning the prize by his\u0026nbsp;83-year old co-winner Wilson by a 2:15 am knock at the former's door.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Incidentally, they live on the same street.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The exact moment of Wilson telling his neighbour about their achievement was captured on a security camera and was shared by Stanford University.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Paul,\\\\\\\" Wilson calls, knocking on the door.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Paul, it's Bob Wilson,\\\\\\\" he says.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"You won the... you won the Nobel Prize,\\\\\\\" he continued.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"And so, they're trying to reach you, but they cannot. They don't seem to have a number for you.\\\\\\\"\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"We gave them your cellphone number,\\\\\\\" says Mr Wilson's wife.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Yeah, I have? Wow,\\\\\\\"\u0026nbsp;Mr Milgrom could be heard saying.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"\\\\\\\"Will you answer your phone?\\\\\\\" Mr Wilson's wife asks.\\\"}},{\\\"type\\\":\\\"embed\\\",\\\"data\\\":{\\\"service\\\":\\\"others\\\",\\\"source\\\":\\\"\u003cdiv class=\\\\\\\"others-embed\\\\\\\"\u003e\u003cblockquote class=\\\\\\\"twitter-tweet\\\\\\\"\u003e\u003cp lang=\\\\\\\"en\\\\\\\" dir=\\\\\\\"ltr\\\\\\\"\u003eThe \u003ca href=\\\\\\\"https://twitter.com/hashtag/NobelPrize?src=hash\u0026amp;ref_src=twsrc%5Etfw\\\\\\\"\u003e#NobelPrize\u003c/a\u003e committee couldn\u0026#39;t reach Paul Milgrom to share the news that he won, so his fellow winner and neighbor Robert Wilson knocked on his door in the middle of the night. \u003ca href=\\\\\\\"https://t.co/MvhxZcgutZ\\\\\\\"\u003epic.twitter.com/MvhxZcgutZ\u003c/a\u003e\u003c/p\u003e\u0026mdash; Stanford University (@Stanford) \u003ca href=\\\\\\\"https://twitter.com/Stanford/status/1315631500080148480?ref_src=twsrc%5Etfw\\\\\\\"\u003eOctober 12, 2020\u003c/a\u003e\u003c/blockquote\u003e \u003cscript async src=\\\\\\\"https://platform.twitter.com/widgets.js\\\\\\\" charset=\\\\\\\"utf-8\\\\\\\"\u003e\u003c/script\u003e\u003c/div\u003e\\\",\\\"embed\\\":\\\"\u003cdiv class=\\\\\\\"others-embed\\\\\\\"\u003e\u003cblockquote class=\\\\\\\"twitter-tweet\\\\\\\"\u003e\u003cp lang=\\\\\\\"en\\\\\\\" dir=\\\\\\\"ltr\\\\\\\"\u003eThe \u003ca href=\\\\\\\"https://twitter.com/hashtag/NobelPrize?src=hash\u0026amp;ref_src=twsrc%5Etfw\\\\\\\"\u003e#NobelPrize\u003c/a\u003e committee couldn\u0026#39;t reach Paul Milgrom to share the news that he won, so his fellow winner and neighbor Robert Wilson knocked on his door in the middle of the night. \u003ca href=\\\\\\\"https://t.co/MvhxZcgutZ\\\\\\\"\u003epic.twitter.com/MvhxZcgutZ\u003c/a\u003e\u003c/p\u003e\u0026mdash; Stanford University (@Stanford) \u003ca href=\\\\\\\"https://twitter.com/Stanford/status/1315631500080148480?ref_src=twsrc%5Etfw\\\\\\\"\u003eOctober 12, 2020\u003c/a\u003e\u003c/blockquote\u003e \u003cscript async src=\\\\\\\"https://platform.twitter.com/widgets.js\\\\\\\" charset=\\\\\\\"utf-8\\\\\\\"\u003e\u003c/script\u003e\u003c/div\u003e\\\",\\\"caption\\\":\\\"\\\",\\\"aspectRatio\\\":null}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"When Milgrom was informed, his wife was in\u0026nbsp;Stockholm, the University said. She received a\u0026nbsp;security-camera notification on her phone and watched live when Wilson told her husband that he had won the Nobel Prize.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The video has been watched over 3.3 million times and retweeted over 25.3K times.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Milgrom and Wilson won the Nobel for work on commercial auctions, including for goods and services difficult to sell in traditional ways such as radio frequencies, the Nobel Committee said.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The Royal Swedish Academy of Sciences noted that the discoveries by the duo \\\\\\\"have benefitted sellers, buyers, and taxpayers around the world,\\\\\\\" it said in a statement.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The winners will share the prize sum of 10 million Swedish kronor (about $1.1 million)\\\"}}]}","relatedPosts":null,"location":{"name":"New Delhi, Delhi, India"},"createdBy":{"name":"Shubhangi Shah","photo":null,"username":"shubhangi","id":"YvXJKY3FcEhR","role":null},"topics":[{"name":"NobelPrize","slug":"nobelprize","id":"BudzCgZugaF0","isSection":0},{"name":"NobelLaureate","slug":"nobellaureate","id":"V9ksBYK8aTjn","isSection":0},{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Shubhangi Shah","id":"4t5vnv7ErIfR","username":"shubhangishah","role":7,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2020-10-13T14:23:33+05:30","publisher":0,"sourceFeed":null,"cleanText":"Robert Wilson and Paul Milgrom won the 2020 Sveriges Riksbank Prize in Economic Sciences on Monday. What followed after shows the excitement and camaraderie the two Stanford University professors share. The 72-year old Milgrom was informed about winning the prize by his\u0026nbsp;83-year old co-winner Wilson by a 2:15 am knock at the former's door.,Incidentally, they live on the same street.,The exact moment of Wilson telling his neighbour about their achievement was captured on a security camera and was shared by Stanford University.,\"Paul,\" Wilson calls, knocking on the door.,\"Paul, it's Bob Wilson,\" he says.,\"You won the... you won the Nobel Prize,\" he continued.,\"And so, they're trying to reach you, but they cannot. They don't seem to have a number for you.\",\"We gave them your cellphone number,\" says Mr Wilson's wife.,\"Yeah, I have? Wow,\"\u0026nbsp;Mr Milgrom could be heard saying.,\"Will you answer your phone?\" Mr Wilson's wife asks.,When Milgrom was informed, his wife was in\u0026nbsp;Stockholm, the University said. She received a\u0026nbsp;security-camera notification on her phone and watched live when Wilson told her husband that he had won the Nobel Prize.,The video has been watched over 3.3 million times and retweeted over 25.3K times.,Milgrom and Wilson won the Nobel for work on commercial auctions, including for goods and services difficult to sell in traditional ways such as radio frequencies, the Nobel Committee said.,The Royal Swedish Academy of Sciences noted that the discoveries by the duo \"have benefitted sellers, buyers, and taxpayers around the world,\" it said in a statement.,The winners will share the prize sum of 10 million Swedish kronor (about $1.1 million)","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"28.6139","longitude":"77.209","name":"New Delhi, Delhi, India","city":"Delhi"},"keywords":"Royal Swedish Academy of Sciences, Nobel Committee, Stanford University, Robert Wilson, Nobel Prize, Nobel Prize in Economics, Paul Milgrom, ","originalPublishedOn":"2020-10-13T14:23:33+05:30"}},{"node":{"id":"uCBJuvk561tm","slug":"g20-eyeing-six-month-debt-relief-extension-world-banks-malpass","slugV2":"business/g20-eyeing-six-month-debt-relief-extension-world-banks-malpass-571779/","title":"G20 eyeing six-month debt relief extension: World Bank's Malpass","postType":1,"coverMedia":"https://ik.imagekit.io/o8plo3y5if/opoyi_T_KaLmmZe.jpg","coverCaption":"With the pandemic still raging, he said another full year of debt suspension is unlikely.(Photo credit: Twitter/@DavidMalpass","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2020-10-13T06:00:00+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eThe G20 pledged in April to suspend debt service from the world's poorest countries by the end of 2020\u003c/li\u003e\n \u003cli\u003eA Washington-based development lender on Monday said the debt of the world's 73 poorest countries grew 9.5 % in 2019\u003c/li\u003e\n \u003cli\u003eMalpass urged transparency on the terms of the debt, referring to China\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1602534877649,\\\"strCount\\\":2222,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"G20 countries may only approve a six-month debt relief extension amid lagging committment to the pact meant to help poor nations weather the pandemic, World Bank President David Malpass said on Monday.The G20 group of largest economies is set to meet Wednesday after they pledged in April to suspend debt service from the world's poorest countries through the end of the year as they faced a sharp economic contraction caused by Covid-19.However, Malpass said relief has been weaker than expected because \\\\\\\"not all of the creditors are participating fully,\\\\\\\" with only $5 billion granted under the expected $8 to $11 billion, and China among the countries that holding back.Even with the pandemic still raging, he said another full year of debt suspension is unlikely.\\\\\\\"I think there will be compromise language (on) maybe a six-month extension that can be renewed depending on debt sustainability,\\\\\\\" he told reporters.The Washington-based development lender on Monday said the debt of the world's 73 poorest countries grew 9.5% last year to a record $744 billion, which shows \\\\\\\"an urgent need for creditors and borrowers alike to collaborate to stave off the growing risk of sovereign-debt crises triggered by the COVID-19 pandemic.\\\\\\\"The countries' debt burden owed to government creditors, most of whom are G20 states, reached $178 billion last year, according to the report released as the World Bank begins its annual meetings along with the IMF.China is the largest of those creditors, seeing its share of the debt owed to all G20 countries rise to 63% by the end of last year from 45 percent in 2013.Malpass decried what he called a lack of participation by private sector creditors but also said wealthier countries are not doing their full share.\\\\\\\"Some of the biggest official bilateral creditors, including some from China, are still not participating in the moratorium. And that creates a major drain on the poorest countries,\\\\\\\" he told reporters in a conference call.Malpass again urged transparency on the terms of the debt, referring to China, and noting that in some cases, Beijing has rescheduled debt principal but continues to take interest payments, which could \\\\\\\"add to the debt burden rather than relieving it.\\\\\\\"\\\"}}]}","relatedPosts":null,"location":{"name":"Washington D.C., DC, USA"},"createdBy":{"name":"Yash Bajaj","photo":null,"username":"Yashnbajaj123","id":"9NKBlVRgLUdC","role":null},"topics":[{"name":"G20Summit","slug":"g20summit","id":"HNxhko4Muh7R","isSection":0},{"name":"China","slug":"china","id":"gtTvlJMpH5eQ","isSection":0},{"name":"WorldBank","slug":"worldbank","id":"95olQYvbAZlf","isSection":0},{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0},{"name":"Business","slug":"business","id":"1hd39Bl2AdAV","isSection":1}],"userReaction":"","isBookmarked":false,"authors":[],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[{"id":"2","name":"AFP"}],"originalPost":null,"publishedOn":"2020-10-13T06:00:00+05:30","publisher":0,"sourceFeed":"UI1B967f92io","cleanText":"G20 countries may only approve a six-month debt relief extension amid lagging committment to the pact meant to help poor nations weather the pandemic, World Bank President David Malpass said on Monday.The G20 group of largest economies is set to meet Wednesday after they pledged in April to suspend debt service from the world's poorest countries through the end of the year as they faced a sharp economic contraction caused by Covid-19.However, Malpass said relief has been weaker than expected because \"not all of the creditors are participating fully,\" with only $5 billion granted under the expected $8 to $11 billion, and China among the countries that holding back.Even with the pandemic still raging, he said another full year of debt suspension is unlikely.\"I think there will be compromise language (on) maybe a six-month extension that can be renewed depending on debt sustainability,\" he told reporters.The Washington-based development lender on Monday said the debt of the world's 73 poorest countries grew 9.5% last year to a record $744 billion, which shows \"an urgent need for creditors and borrowers alike to collaborate to stave off the growing risk of sovereign-debt crises triggered by the COVID-19 pandemic.\"The countries' debt burden owed to government creditors, most of whom are G20 states, reached $178 billion last year, according to the report released as the World Bank begins its annual meetings along with the IMF.China is the largest of those creditors, seeing its share of the debt owed to all G20 countries rise to 63% by the end of last year from 45 percent in 2013.Malpass decried what he called a lack of participation by private sector creditors but also said wealthier countries are not doing their full share.\"Some of the biggest official bilateral creditors, including some from China, are still not participating in the moratorium. And that creates a major drain on the poorest countries,\" he told reporters in a conference call.Malpass again urged transparency on the terms of the debt, referring to China, and noting that in some cases, Beijing has rescheduled debt principal but continues to take interest payments, which could \"add to the debt burden rather than relieving it.\"","portalUser":{"id":"kQKU5wG2FUA","name":"Opoyi Central","username":"opoyicentral","photo":"https://ik.imagekit.io/o8plo3y5if/opoyi_6k77dlSYd.jpg","role":2,"userType":1},"opinions":[],"liveblogStatus":true,"lastReply":null,"replyUser":null,"userMentions":[],"lastCommentMentions":null,"lastReplyMentions":null,"checkIn":{"latitude":"38.9072","longitude":"-77.0369","name":"Washington D.C., DC, USA","city":"Washington"},"keywords":"David Malpass, G20, World Bank, China, Beijing","originalPublishedOn":"2020-10-13T06:00:00+05:30"}},{"node":{"id":"5tIAtj4TeRez","slug":"who-are-this-years-economic-sciences-laureates-paul-milgrom-and-robert-wilson","slugV2":"usa/who-are-this-years-economic-sciences-laureates-paul-milgrom-and-robert-wilson-154387/","title":"Who are this year's Economic Sciences Laureates, Paul Milgrom and Robert Wilson?","postType":1,"coverMedia":"https://ik.imagekit.io/o8plo3y5if/opoyi_-luh5zeSm.jpg","coverCaption":"Paul Milgrom and Robert Wilson were awarded with the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.(Photo credit: Twitter/@Stanford)","reactionStats":"{\"like_count\":0,\"heartbreak_count\":0,\"laugh_count\":0,\"sad_count\":0,\"angry_count\":0}","updatedOn":"2020-10-12T18:42:45+05:30","highlightSummary":"\u003cul\u003e\n \u003cli\u003eBoth the Laureates are associated with the Stanford University, California\u003c/li\u003e\n \u003cli\u003eUS authorities used Wilson and Milgrom's format for the first time in 1994\u003c/li\u003e\n \u003cli\u003eThe Economics honour has been presented to 52 laureates since its inception\u003c/li\u003e\n\u003c/ul\u003e","highlightSummaryFlag":1,"breakingSponsored":0,"coverMediaType":1,"reactionsCount":0,"commentsCount":0,"lastComment":null,"isUpdated":false,"lastCommentUser":null,"trustScore":1,"fakeTrust":2,"content":"{\\\"time\\\":1602508364374,\\\"strCount\\\":2322,\\\"blocks\\\":[{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"“\u003ci\u003eGoing once, going twice and sold.” \u003c/i\u003e\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"A legitimate auction can raise large volumes of money for the best of a Parisian artist's work to a cricket player up for the Indian Premier League. According to the US\u0026nbsp;National Auctioneers Association, the gross revenue of the auction industry for 2008 was approximately $268.4\u0026nbsp;billion that touched $394 billion by 2017. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The industry that worked mainly on instinct, value of the property and the capacity of a bidder involved, witnessed a radical change with the Auction theory introduced by American economists- Paul Milgrom and Robert Wilson. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"The duo, professors of Stanford University, founded methods to help a researcher in understanding the outcomes of different rules for bidding and final prices, the\u0026nbsp;auction format. They involved the behavioural process of the bidder while decoding strategies and the influence of information. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"In the due time, Wilson and Milgrom invented new formats to auction many interrelated objects simultaneously, on behalf of a seller motivated by broad societal benefit rather than maximal revenue.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Robert Wilson's theory for auction of objects with a value that is uncertain beforehand, buy is the same for everyone in the end and Milgrom's theory about common values and \u0026nbsp;private values\u0026nbsp;that vary from bidder to bidder, set the stepping stones to their findings. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Wilson by examining the future value of radio frequencies or the volume of minerals in a particular area showed why rational bidders tend to place bids below their own best estimate of the common value: they are worried about the\u0026nbsp;winner’s curse\u0026nbsp;– that is, about paying too much and losing out.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"Paul Milgrom researched the bidding strategies in a number of well-known auction formats, demonstrating that a format will give the seller higher expected revenue when bidders learn more about each other’s estimated values during bidding.\\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"It was only in 1994, that the US authorities used their auction format for the first time to sell radio frequencies to telecom operators. Since then, their formats became a global trademark for complex auctions. \\\"}},{\\\"type\\\":\\\"paragraph\\\",\\\"data\\\":{\\\"text\\\":\\\"It is only in 2020, that the Royal Swedish Academy of Sciences decided to award Paul Milgrom and Robert Wilson with the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. \\\"}}]}","relatedPosts":null,"location":{"name":"Stockholm, Sweden"},"createdBy":{"name":"Yash Bajaj","photo":null,"username":"Yashnbajaj123","id":"9NKBlVRgLUdC","role":null},"topics":[{"name":"NobelLaureate","slug":"nobellaureate","id":"V9ksBYK8aTjn","isSection":0},{"name":"NobelPrize","slug":"nobelprize","id":"BudzCgZugaF0","isSection":0},{"name":"Economics","slug":"economics","id":"qrCP2UqtKqa4","isSection":0}],"userReaction":"","isBookmarked":false,"authors":[{"name":"Yash Bajaj","id":"9NKBlVRgLUdC","username":"Yashnbajaj123","role":3,"userType":0}],"translatedBy":[],"editedBy":[],"reportedBy":[],"postedBy":[],"agency":[],"originalPost":null,"publishedOn":"2020-10-12T18:42:44+05:30","publisher":0,"sourceFeed":null,"cleanText":"“\u003ci\u003eGoing once, going twice and sold.” \u003c/i\u003e,A legitimate auction can raise large volumes of money for the best of a Parisian artist's work to a cricket player up for the Indian Premier League. According to the US\u0026nbsp;National Auctioneers Association, the gross revenue of the auction industry for 2008 was approximately $268.4\u0026nbsp;billion that touched $394 billion by 2017. ,The industry that worked mainly on instinct, value of the property and the capacity of a bidder involved, witnessed a radical change with the Auction theory introduced by American economists- Paul Milgrom and Robert Wilson. ,The duo, professors of Stanford University, founded methods to help a researcher in understanding the outcomes of different rules for bidding and final prices, the\u0026nbsp;auction format. They involved the behavioural process of the bidder while decoding strategies and the influence of information. ,In the due time, Wilson and Milgrom invented new formats to auction many interrelated objects simultaneously, on behalf of a seller motivated by broad societal benefit rather than maximal revenue.,Robert Wilson's theory for auction of objects with a value that is uncertain beforehand, buy is the same for everyone in the end and Milgrom's theory about common values and \u0026nbsp;private values\u0026nbsp;that vary from bidder to bidder, set the stepping stones to their findings. ,Wilson by examining the future value of radio frequencies or the volume of minerals in a particular area showed why rational bidders tend to place bids below their own best estimate of the common value: they are worried about the\u0026nbsp;winner’s curse\u0026nbsp;– that is, about paying too much and losing out.,Paul Milgrom researched the bidding strategies in a number of well-known auction formats, demonstrating that a format will give the seller higher expected revenue when bidders learn more about each other’s estimated values during bidding.,It was only in 1994, that the US authorities used their auction format for the first time to sell radio frequencies to telecom operators. Since then, their formats became a global trademark for complex auctions. ,It is only in 2020, that the Royal Swedish Academy of Sciences decided to award Paul Milgrom and Robert Wilson with the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. 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