Sunil Jain

Sunil Jain, Managing Editor of Financial Express, writes extensively on regulatory failure and uses data to expose policies such as those on reservations in education

and employment. He has written two books using NCAER’s annual household surveys of income and expenditure and is a co-author of Caste in a Different Mould which examines the role of education, location and occupation in determining the difference in incomes across various caste groups.
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Articles By Sunil Jain

477 Articles

FM Nirmala Sitharaman takes a punt on growth, finally

For one, if deficits rise too much—the tax targets were always aggressive, and Friday’s giveaways add up to 0.7% of GDP—interest rates can start trending up again; certainly, the hope of a continued fall in rates looks

FM, Nirmala Sitharaman, GDP, FPI, FPI tax, IMF loan,rbi, shaktikanta das, gst, gst council meet, gst council News

FM Sitharaman’s tax cuts bring in early Diwali; India’s tax rates now on par with those globally

The move should stimulate investment levels since one of the big hurdles to investment has been higher tax rates in India, apart from issues like labour laws and unfriendly policies in various sectors like telecom and mining.

MSME, MSME loan, NPA, FM, Nirmala Sitharaman, PSB, industry news, sme, public sector bank, housing finance company, NBFC News

Vaping is bad but bidis and gutka are worse

Those opposing vaping, however, argue this is a partial view since nicotine is also carcinogenic; so, while many of the other 28 carcinogens in tobacco don’t find their way into e-cigarettes, even a few are enough for them

Vaping, bidis, gutka, Group of Ministers, Tobacco, technology, nicotine News

Fast privatisation vital for economic turnaround

Apart from easing govt finances, faster privatisation will boost productivity and also help finance fresh investments.

Privatisation of PSUs is also closely linked to the revival of India’s investment-cycle News

We need one retail policy, not two

Making a distinction between local and foreign players in the retail sector is bad policy, govt should drop it

ecommerce, ecommerce industry, amazon, reliance, flipkart, fdi, retail industry, retail policy india News

Media’s Bombay Club

Not clear why FDI levels are restricted in the media space.

FDI, FDI on digital media, FDI level, media space, Indian citizens, TV channels, foreign TV channels, opinion news

Now to deliver on FDI in commercial coal-mining

Indian firms could commercially mine coal years ago, but no mines allocated to them; vital to see this isn’t repeated.

coal nationalization bill, commercial mining of coal, FDI in commercial mining, Coal India, coal mines in india, coal import in india, ongc, coal News

No, RBI hasn’t capitulated govt by giving it Rs 1.76 lakh crore

If the govt signed on to the Bimal Jalan report that resulted in it getting much less than the Rs 4 lakh crore it wanted, it suggests the report is technically sound

With such an endorsement by someone of Subramanian’s stature, the RBI’s capital attracted everyone’s attention like bees to honey. News

Arun Jaitley: From Lutyens to Lajpat Nagar, everyone’s favourite politician

Always affable, with a deep knowledge of facts and the law, it was Jaitley that even the BJP’s detractors turned to for an explanation

arun jaitley, arun jaitley death news, jaitley passes away News

Nirmala Sitharaman’s mini-budget fixes most problematic issues

FM does well to fix FPI- and angel-tax, very good steps to boost banking; other ministries now need to pitch in to boost investment.

nirmala sitharman, fm nirmala sitharaman News

Chidambaram Case: Can’t crack corruption if govt controls everything

If FDI was allowed freely, there would be no need for an FIPB approval or a bribe for it ... If Modi really wants to rid India of corruption, he has to eliminate govt permissions, free up the economy

The larger issue, and this is not specific to the Chidambaram case (which still needs to be proved), is that it is government restrictions that are at the root of most corruption. (AP Photo) News

Can India learn from Vietnam how to manage export-led growth?

As a result of this sustained growth, Vietnam’s exports, which were a mere 6% of India’s in 1960 and 13% in 1990, managed to reach 34% in 2000 and a whopping 75% in 2018; at this rate, within a few years, they could even

 India, Vietnam, export, led growth, China, financial express editorial, financial express,  sea food, rice, crude oil, rubber, wood, export base, economy, economy news

Now to deliver on what prime minister Narendra Modi promised at the Red Fort

Can’t celebtrate wealth if taxes are sky-high, or promise water conservation without fixing agriculture policies.

Opinion News

Make-in-India: Need a brand-new policy to curb imports

IAMAI reports that India exported just 18mn handsets in FY19 for $1.4bn or around a seventh of the target; for some reason, India’s export data shows a number of $2.7bn but that could include some components as well.

Made-for-India, make in india, Narendra Modi, phased-manufacturing-program, electronics—mobile phones, domestic manufacturing News

Sushma Swaraj: Always efficient, but it is her warmth that will endure

From I&B to telecom, Sushma Swaraj was always on top; but in foreign affairs, her folksy mannerism won hearts

sushma swaraj, sushma, sushma swaraj news, sushma swaraj death, susma sawraj, sushma swaraj age, sushma swaraj health, sushma swaraj latest news, narendra modi, shusma swaraj, bansuri swaraj, sushma swaraj husband, susma swaraj, sushma swaraj death date, susma swaraj death, sushma swaraj twitter, swaraj kaushal, sushma, swaraj daughter, shushma swaraj, arun jaitley, susma, swaraj news, sushma swaraj family, smriti irani, sushma swaraj died, bjp, narendra modi News

J&K needs special solution not status, this could be it

Under Constitution, Article 370 was to be a temporary measure; Article 35-A wasn’t even passed by Parliament.

Opinion News

Both direct and indirect tax departments need a big overhaul

From ongoing GST-mess to raising direct tax demands that can’t be collected, various CAG reports paint worrying picture.

Opinion News

Best to abolish CSR, just add it to the overall tax

Since UPA made CSR a mandatory levy and NDA added penal provisions to this, it is now really a CSR-tax.

csr, corporate social responsibility. tax News

If telcos like Airtel and Voda-Idea have to pay Rs 95,000 cr, it is because of govt failure to define what ‘revenue’ is since 2006

The largest dues are those of Airtel that owes Rs 21,682 crore, but of this, the actual dues are just Rs 5,528 crore, the interest on this is Rs 9,816 crore; and while the penalty is Rs 2,407 crore, the interest on this is Rs

Airtel, vodafone, idea, department of telecommunications, telcos, Supreme Court, Voda-Idea News

Why PM Modi needs an economics minister

If the prime minister is to drive the economy, it can’t be done without more in-house economics expertise.

Opinion News

Fear of CAG, CBI, CVC hits decision-making

Only the fear of CAG/CBI/CVC can explain why telecom panel okayed a Rs 3,050-cr penalty after it asked Trai to cut this

Narendra Modi, Narendra Modi government, Airtel, vodafone, idea, TRAI, india spectrum prices, reliance jio, CAG, GDP, FDI, Supreme Court News

What is J&K Governor Satya Pal Malik saying?

Jammu and Kashmir Governor Satya Pal Malik's statement saying that militants should target those 'who looted Kashmir' instead of police personnel is wrong on so many levels.

Satya pal malik, kashmir, militantcy News

BSNL revival plan looks dubious, better spend Rs 95,000 crore to close it

It can’t be fixed and the assumptions made in the revival plan look dubious; better to spend `95,000 cr to shut it down.

Opinion News

Even Narendra Modi can’t reverse Indira Gandhi’s bank nationalisation folly

Investment in India has collapsed due to the huge build up of PSU bank NPAs.

Opinion News

5G spectrum auctions: Trai has no logic, best to ignore it

Given this is not the first time Trai has refused to budge from its recommendations—indeed, it just did the same in the case of the Rs 3,050 crore penalties on Airtel, Vodafone and Idea—the ball is in the DoT/DCC’s cour

5G, 5G spectrum, 5G spectrum sale, Trai, DoT, DCC, 3G spectrum, financial express, financial express editorial  News

Finance ministry’s decision to restrict access to journalists is effectively a ban

Logging all meetings restricts a reporter’s ability to get sensitive news; the Finance Minister’s decision is effectively a ban.

Opinion News

Budget 2019: Good start in parts, timid in many ways

Union Budget 2019 India: Good NBFC-fix, no tax reform & numbers iffy; just plans on power, labour etc for now

Union Budget 2019 India, Budget 2019-20 News