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Economy

Current Problems of Indian Economy

Subhanil, July 11, 2011

inflation_cartoon.jpg

Yesterday, the UPA government raised the price of LPG cylinders by Rs 50, the price of diesel by Rs 3 and price of kerosene by Rs 2. This is the umpteenth time since the government of the 'aam admi' has increased the prices of essential commodities for the common people. This huge increase in the prices of essential commodities comes in the backdrop of a situation where the inflation rate of the country is very high.

AIG Executives' Promises to Return Bonuses have gone Largely Unfulfilled

Brady Dennis, Washington Post December 23, 2009

When word spread earlier this year that American International Group had paid more than $165 million in retention bonuses at the division that had precipitated the company's downfall, outrage erupted, with employees getting death threats and President Obama urging that every legal avenue be pursued to block the payments.

Gov't may say recession over but not job losses

Associated Press, 27 October 2009

It's about to become official: The recession is over - but not the pain.

The government will release figures this week expected to show that the economy has awakened from its deepest slump since the 1930s and is in the early stages of a recovery. But the following week, the government will issue another set of figures expected to show unemployment continuing to rise toward and possibly above a clearly recessionary 10 percent.

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