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 [...]
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 [...]
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 [...]
Facebook’s Free Basics trial was so legendary that one Ganesh could double the yield from his fields with the knowledge FB-patented internet facilitated. While, advertisements are notorious for making lofty claims, this one goes beyond limit. Considering the state of agriculture in India, this can’t even be an exception let alone a norm. As [...]
When existing steel companies are already reeling under distress owing to falling demand, why is the Union government going to establish new steel companies in the public sector? What is the need for forming new banks (monetary banks) to provide loans to small companies when several financial institutions of the government are already doing [...]
Read the Bihar mandate again! The verdict is not so much against a weakening Centre, as it is in favour of a powerful state and a strong state leadership. The results are also redolent of the Gujarat model, a model that chief minister Narendra Modi, not Prime Minister Modi mastered. The Bihar verdict suggests the BJP unsuccessfully tried to [...]
No matter who wins the Bihar battle or what conclusions one may derive post the election, one thing is sure that the country has embarked upon the age of its worst electoral politics. India’s ruling and largest political party has not only missed a major opportunity to commence electoral reforms, but has also left no stone unturned to authen [...]
Whether India draws an economic advantage from the ongoing global turbulence or not, a substantial political advantage can definitely be churned out at the moment. It is time for our leaders to rid themselves of their unfounded misconception on the exchange value of the domestic currency, that is, the rupee. In India, the BJP and Left partie [...]
Having declared from the ramparts of the Red Fort that he would bell the black money cat, Prime Minister Narendra Modi now has an opportunity to act on his words. He must not let his government get cold feet on the report of the apex court’s special investigative team (SIT) on black money. The report has verifiably exposed the links be [...]
Has BJP finally given up on its resistance to the most significant liberalisation of the Indian market? Has Prime Minister Narendra Modi gathered enough courage to awaken the tiger of retail business, which is fortified by 125 crore consumers and the potential strength of $600 billion business? If the decision to allow Foreign Portfolio Inve [...]