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economics

Pareto Minimality

Vilfredo Federico Damaso Pareto (1848-1923), an Italian Polymath (trai - ned in physics and mathematics) whose genius radiated into the major fields of knowledge especially, sociology, civil engineering, economics, political science and philosophy had made several contributions to economic theories.

Unyielding Resolve

In the on-going saga of global trade tensions, the persistent standoff between China and the United States has become a defining chapter.

Cost of consumption

The term “consumption” simply represents purchases of goods and services (including energy) by consumers. It has a strong material dimension that lies along a gradient between “needs” and “wants”.

Welfare Economics

Ms Bhattacharya’s Rs 3.21 lakh crore budget is riveted to continuing the welfare schemes, even extending them to cover a wider net. Specifically, priority has been accorded to ensure social safety for the poorest of the poor in West Bengal. After all, the state has been on the cusp of poverty for as long as it has.

China & Nepal

The expanded trade had not helped Nepal not the least because it contended with a huge deficit. China has now restricted the issue of visas to Nepali traders who have been forced to place orders virtually. Many traders have complained that they have been shortchanged in terms of quality as they had to place orders virtually.