The Union Cabinet on Tuesday approved the Terms of Reference (ToR) for the 8th Central Pay Commission, setting the scope and deadline for the much-anticipated review of salaries, allowances and pensions of central government employees and pensioners. The Commission is expected to deliver its recommendations within 18 months of its…
Tag: #EconomicPolicy
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2025 Economics Nobel: Innovation Fuels Growth, Says Experts
The 2025 Nobel Prize in Economics has been awarded to Philippe Aghion, Peter Howitt, and Joel Mokyr for their groundbreaking work on innovation-driven economic growth. Their research highlights how creative destruction, technological advancement, and institutional support drive long-term prosperity. Creative Destruction: Aghion and Howitt’s Contribution In a seminal 1992 paper,…
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Sridhar Vembu Urges India to Strengthen Tech Independence
New Delhi, October 13, 2025: Zoho Corporation’s founder and Chief Scientist, Sridhar Vembu, has urged India to invest heavily in critical technologies to secure its economic sovereignty and reduce dependence on foreign systems. Speaking to Moneycontrol, Vembu said decades of misguided advice from Western-trained economists left India vulnerable in an…