Anshuman Tiwari is an economic analyst, columnist and author. He has been writing columns on economy for more than 18 years. He has worked in Dainik Jagran, Amar Ujala and Business Bhaskar.
At present he is Editor of India Today (H).
Beyond demotions and elevations, what does the third Cabinet reshuffle tell us about the Narendra Modi government? PM Modi has trimmed the length of his dress (his big missions) given the shortage of cloth (talent).
The crux of the reshuffle story does not lie in the juggling of ministerial portfolios or in the new sign-ins that we saw.
Prime Minister Narendra Modi’s war against black money has got an unanticipated antagonist right on the other side of his table. The cherished Goods and Services Tax (GST) will be the first major policy which will go against the ideals of demonetisation and transformation of Indian financial behaviour in an era of less cash.
Gold and r [...]
In spite of several inefficiencies, fortunately, India never witnessed a bank-run or monetary crisis parallel to the scale in Europe or America. However, the chaos and long queues that engulfed banks across India now perfectly mirror the plight the Greeks faced last year, albeit for different reasons.
Demonetisation is a rudimentary monetary [...]
While Prime Minister Narendra Modi’s unprecedented move to temporary demonetise Rs 500 and Rs 1,000 notes is expected to bring in a host of positives, it will also set off major administrative and logistical challenges at the outset, not to mention the plight of common people.
The government and Reserve Bank of India (RBI) will do well [...]
Last fortnight, close on the heels of the rise of firecracker nationalism against Chinese goods on social media, Reserve Bank of India (RBI) was busy making adjustments for yuan’s entry into India’s foreign exchange reserves. Not only RBI, most of the global central bankers too had to alter metrics of their forex reserves after yuan’s rise a [...]
Despite the long history of failed tax amnesty schemes, the Narendra Modi government tried its luck with tax pardons, but to no avail. Howsoever pliable the statistics might be, the fact remains that declarations of Rs 65,250 crore under the black money disclosure scheme could attract just a moderate success for the NDA government. However, [...]
Union railways minister Suresh Prabhu’s latest move of “surge pricing fare system” is a gambit to reduce finance minister Arun Jaitley’s pain, who looks all set to soon adopt country’s messy public transport behemoth. If everything goes by the plan, the 93-year old Rail Budget would cease to exist from the next financial year i.e [...]
Even if one doesn’t buy everything that Prime Minister Narendra Modi claimed in his Parliament speech on Goods and Services Tax (GST), one should acknowledge that this is one of the most crucial structural indirect tax reforms in the last 25 years of liberalisation.
This may not effectively clamp down on inspector raj, or turn the consumer i [...]
Contrary to the euphoria and costlier-cheaper headlines, the Constitution (122nd Amendment) Bill 2014 doesn’t spell out even the outline of the GST that India is expected to get in the future.
The passing of the GST Bill is just the beginning of a tedious political and operational voyage that should ultimately result in the implementat [...]
In India, privatising a public sector company is perhaps a bigger challenge than contesting an electoral battle or even conducting a nuclear test.
Don’t see it as an incongruous claim. This may well be a credible reality if one looks at the 25-year-long history of India’s economic liberalisation.
In two-and-a-half decades of econ [...]