Recession

In economics, a recession is a business cycle contraction, a general slowdown in economic activity. Macroeconomic indicators such as GDP, employment, investment spending, capacity utilization, household income, business profits, and inflation fall, while bankruptcies and the unemployment rate rise. Recessions generally occur when there is a widespread drop in spending, often following an adverse supply shock or the bursting of an economic bubble. Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply, increasing government spending and decreasing taxation. In a 1975 New York Times article, economic statistician Julius Shiskin suggested several rules of thumb for defining a recession, one of which was "two down consecutive quarters of GDP". In time, the other rules of thumb were forgotten. Some economists prefer a definition of a 1.5% rise in unemployment within 12 months. In the United States, the Business Cycle...
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Babu Bairwa
Babu Bairwa posted the Blog
5 hrs ago
UPA's Import obsession destroyed India's growth story ( Part II Fertilizer )
UPA chief Sonia Gandhi talks of bhartiyata (Indian ness) but pushes for imports and heavily subsidizes them. This leads to rising imports which are made extremely lucrative by subsidies from the taxpayers money and results in imports being made more pro?table than domestic production.In the fertilizer sector we see that the domestic production stagnated while the imports surged due to such huge subsidies which maximized bene?ts to one single private sector company IPL that handled more than more »
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Babu Bairwa
Babu Bairwa posted the Blog
on Apr 18, 2014 , 09:13 pm
An interview with Nandan Nilekani
Nandan Nilekani is certainly not your everyday politician. Men of his calibre are a rarity in this field and he is a most welcoming change indeed. He is extremely confident of balking Ananth Kumar's victory streak. I wish him well. I had several questions for him and I reproduce herewith his detailed responses.1.   How would you like to call yourself? A politician, a bureaucrat, an entrepreneur or a visionary? I like to see it a little differently. I think if we pigeonhole more »
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Divya Dixit
Neha Singh
Neha Singh started the Discussion
on Nov 26, 2013 , 04:19 pm
Surrounded by cheapos
Because of recession, so many ppl have become desperate that they r ready to exploit n prostitute themselves..I am sick n tired of male n female hookers who r good for nothing, but they may actually be v good at their jobs. Have u met such idiots, more »
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Vidyoot Bhutani
Vidyoot Bhutani commented on the discussion by Khalid Aamir
on Nov 05, 2013 , 07:57 pm
Khalid Aamir - Indian economy heading to 1991 crisis?
Indian PM Manmohan Singh might be a great economist but I don't have any faith in him. Now that he has said that there is "no chance" of India going back to the economic situation of 1991 with the drastic downfall of rupee, I'm suddenly more »
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Neelam Nath
Neelam Nath updated the Blog
on Sep 09, 2013 , 07:03 pm
Ganesh Chaturthi Celebrations have Started Today,Entire Mumbai is having Ganesha Pandals.
We all need to Remember our Gods ,for a day ,for a week ,fortnight or keep fasts for a Month. Today I was watching NDTV news ,entire Mumbai is having Pandals ,Blocking Roads, People are Visiting from one End of City to another, competing with Each other ,who has Visited Maximum Pandals, and this is the generation in their 20s-30s. Wonder was it a Holiday ,will there be holidays for 9 more days , People will Not go to Work ,when India is Facing Recession , Rupee is Low , Imports are High and more »
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Aarman Trivedi
Aarman Trivedi and commented on the discussion by Lavanya Sharma
on Sep 04, 2013 , 01:52 pm
Lavanya Sharma - Has recession finally hit India?
Inflation is at an all-time high in India. Prices are going up, and salaries are taking a major hit. There are no jobs in the market. It seems as if recession has finally come to India as well! So how do we get out of this rut? The financial crunch more »
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Sagar Potnis
Sagar Potnis and commented on the citizen journalism by Maddy Nandini Singh Shekhawat
on May 27, 2013 , 05:16 pm
Maddy Nandini Singh Shekhawat - Placements or punishments
 PLACEMENT OR PUNISHMENT? Of late joining a company as a fresher has become a source of depression It is presumed that only 30% of the hordes of MBA grads that pass each year are recruit able or PLACEMENT worthy. But then is it ethical on the part more »
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Neha Singh
Neha Singh started the Discussion
on May 12, 2013 , 09:23 pm
How to make an income in the recession?
I just read an article of the US that Arts PGs n PHDs have no value. The best fields are enggrring. computers, medicine and accounts. There was not a SINGLE job for Arts students..It is also v tuff to start a business that works bec all ppl advice more »
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