No more bullets, just hard reforms
The twin balance-sheet crisis has got worse, investors don’t trust govt & with empty coffers, pump-priming isn’t an option
India failed to capitalise on possibilities from US-China tensions
PMO wanted to exploit the possibilities from US-China tensions six months ago, but we missed it; US-China relations on the mend now.
Being proud of India’s Hindu past is great, but worry about the present too
Correcting history books to give students a pride in their past is critical, but when is the last time you heard any BJP leader worry—with even a fraction of the passion—about the poor quality of the physics or the maths
UTI and the govt’s very limited writ
If even four PSU banks/FIs can’t be made to obey Sebi’s rules, what does it say for the government’s ability to get things done?
COAI’s collusion capers: Asking Trai to set price floor is a bad idea
COAI has written to the telecom regulator, Trai, asking it to fix a floor price for data, and has said that all three telcos agree to this demand.
Modi needs to negotiate hard with Uddhav Thackeray to save bullet train
After the Andhra Pradesh debacle, the last thing nervous investors need is another blow.
Maharashtra loss of face as stealth victory comes undone
From BJP to Sena, all parties come across poorly, but the biggest casualties were the President and the Governor.
Why isn’t govt at SC on AGR ruling threatening of telcos like Airtel, Vodafone Idea
PSUs that have little to do with telecom are facing demands of lakhs of crores, so govt should also be challenging the SC order.
Morality-play can’t be good governance
While the govt, not just CAG/CBI/CVC focus on L-1 bids, no one bothers about the loss in market value caused by the L-1-itis. Sure, CAG needs to evolve as PM says, but when will govt focus on such issues instead of its obsess
NSO consumer spending report: How Narendra Modi’s advisors are cutting him off from reality
NSSO consumption data is problematic, but by censoring data govt is signalling that it only wants a certain narrative.
If govt doesn’t give relief to telcos like Vodafone Idea, it could lose over Rs 2 lakh crore
The government should act like a prudent banker and restructure the dues by reducing the penalty/interest and giving the telecom companies more time to make the payment.
JNU hostels cost 1% of what Delhi University ones cost
Authorities to blame for not hiking fees for so long.
Vodafone pulling out will send out poor signal on India’s investor-friendliness
If India's biggest foreign investor -- Vodafone -- is about to shut shop, this will also send out a poor signal on India's investor-friendliness.
Why blame Arvind Kejriwal for Delhi’s smog, blame Narendra Modi
If MSPs weren’t so high and FCI wasn’t buying all the crop, Punjab’s farmers would grow less paddy and burn less stubble.
If you can’t do RCEP, can’t do US/EU either
The narrative that RCEP-Asean-type of deals are hurting is incorrect & the talk of a US/EU FTA is just wishful thinking.
Sweeping reforms to boost exports
The HLAG rightly identifies several domestic constraints as the main problem; the question is whether govt can fix these quickly.
Reliance Jio right on COAI; but govt made the mess
COAI can’t represent industry when Jio’s views are totally different, but govt didn’t approach revenue-definition issue with clean hands.
Let’s get realistic about BSNL revival
BSNL-MTNL subscribers will have to increase their monthly-spend considerably if they move to 4G; while it is not clear they can afford to do that, they will also need to buy new handsets since they cannot use their current fe
Taxpayers must fund an unviable Rs 70,000-crore BSNL-MTNL plan
While BSNL’s sales fell 33% in the last 4 years, govt projects this as rising 66% in the next 4 four in the belief that once it has 4G spectrum, users will flock to it. Not fixing AGR-definition for 6 years means broke telc
What if JSW had paid Rs 19,700 crore?
If there is a crime, the authorities are empowered to attach property. But, this was always known, and since many IBC cases involve allegations of funds-siphoning, why were these even sold via the IBC? This is how governments
Poor Economics vs Good Governance: Abhijit Banerjee’s Nobel an affirmation of need for evidence-based policies
Banerjee-Duflo’s models don’t always work, but the Nobel is an affirmation of the need for evidence-based policies
With GST compensation cess falling short, states may agree to raise rates at the lower end
With the compensation cess falling short, states may now have no option but to agree to raise GST rates at the lower end.
Govt needs to focus on lowering Cost Of Doing Business
The CostOfDoingBusiness includes the cost of capital, the risk of policy changes, the government not honouring contracts, etc
Modi govt must change the law to deal with stressed PSUs
Parliament or Supreme Court must remove ‘instrumentality of state’ clause for PSUs that function in competitive markets.
Onion tears again, to make farmers cry
Ironically, when a committee of chief ministers was formed to examine how agriculture could be given a boost, one of the proposals mooted was to ease, if not altogether eliminate, any restrictions on agriculture.
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 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.
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Budget 2020
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- Budget 2020: How ESOP tax changes will benefit start-up employees
- Economic Survey 2020: Fudging food and fertiliser subsidy
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