Budget 2019: Modi 1.0 exhausted all fiscal space

Budget 2019: Contrary to Modi government 1.0’s fiscal consolidation claim, the central government’s debt-GDP ratio has inched rather modestly towards 40%, which is what the newly amended FRBM Act (2018) targeted by FY25.
Narendra Modi, Narendra Singh Tomar, Nirmala Sitharaman, Piyush Goyal, PM KISAN scheme News

Minor fix on ESIC suggests no big labour reforms soon

Given how group insurance costs a lot less, surely the government could have given workers more options that cost a lot less and probably give better cover.

Modi win market effect, sugar industry india, global sugar market News

How will PE/VC investments fare?

There is a weight of expectations from the new government’s Union Budget to be presented in July, with the hope that a bold set of reforms will help kick-start private consumption, rejuvenate the ru

Opinion News

Employees must see themselves as facilitators of benefits, not just providers

The modern workplace is characterised by technologically-advanced tools, untethered workspaces and the influence of the millennials.

Opinion News

Economic challenges for the new government

The four major challenges are fixing the country’s financial sector, especially its banks; continuing to reform the tax system; reducing outflows of funds due to loss-making or inefficient governmen

Opinion News

Illiberal Left: Kerala govt booked 119 since 2015 for objectionable posts against CM

While some of the posts included death threats and casteist slurs—where it can be argued that there was legitimate cause for action—there are a good many instances where the state government has a

Kerala govt booked 119 since 2015 for objectionable posts against CM News

Greener energy may mean slower growth

In future, as the world works to protect the climate by turning to low-carbon fuel sources, lower economic growth may be an unwanted consequence

The credit goes to the government policies supporting solar PVs and wind energy. (Representative image) News

Arvind Subramanian’s attempt to estimate GDP instead of explaining it through cross-country regression fraught with problems

As the dependent variable, he had heights of actresses on the Bengali stage in the 19th century, with a clear perceptible decline in heights towards the end of the century. Among

Opinion News

Evaluating Mintzberg’s 10 schools of thoughts for strategy formulation

Mintzberg is a globally-acclaimed academician and author on business and management. The model describes each school in strategic perspective and provides a critical viewpoint; it acts as a good overv

Opinion News

Why India should prefer the preferential trade agreement with Iran

As per ITC Trade Map UN Comtrade, crude oil import increased from 148 million tonnes in 2009 to 225.5 million tonnes in 2018, rising at 4.8% per annum.

Opinion News

Dispelling falsehoods about GM crops

What India can learn from the Philippines, which set up a Biotech Program Office in 2000 to promote the responsible use of agri-biotechnology to sustain food security

Opinion News

Life’s a beach: America’s prettiest golf course puts its game face on for US Open

For the game’s aficionados, Pebble Beach’s history is inextricably interwined with the US Open—a tournament it’s hosting for the sixth time.

Opinion News

Rahul Gandhi disappears again leaving Congress shell-shocked

Rahul Gandhi has reportedly gone abroad and is not planning to return till June 19 when the swearing in of the new MPs is complete.

rahul gandhi resignation News

Nirmala Sitharaman has inherited economy with slow growth and worrying fiscal situation: P Chidambaram

The former chief economic adviser, Dr Arvind Subramanian, has cast a shadow on the growth numbers and has, in a way, concurred with the long-time critics of the methodology employed to calculate the G

Opinion News

Why India must respect international arbitration

India’s 3-crore-plus pending cases in various courts, and the decades it takes to get justice, is both a source of immense hardship for those unlucky enough to have legal trouble as well as one of t

While the government-Supreme Court standoff is seen as one of the reasons for this, it is just a small part of the picture. News

National Medical Commission Bill: Time is right to end reliance on stop-gap medical watchdogs

The NMC Bill, as was presented in Parliament, was not without points of concern, but it still was a radical change from the past—it was designed to bring in experts from non-medical domains that hav

The MCI was reconstituted in 2013 after the BoG's term ended (Representational image) News

Energising Employment: Renewable energy sector created 11 million jobs in 2018

Asia accounts for 60% of the total global employment generated, with China generating the highest—around 39% of the total global employment.

The report says that 32% of the new jobs because of renewables growth went to women. News

Reinterpreting GDP growth: Is it possible that no one knew about over-estimation?

GDP revisions undergo revisions, around the world, of 10-50 basis points, but a revision of 250 bp, annually, is unheard of

The second point relates to GDP revisions involved with the base-year change from 2004-5 to 2011-12. News

India and WTO: Immediate removal of export subsidies would hurt country

Immediate removal of export subsidies would hurt India, eight-year phase out period under special and differential flexibilities must stay

India’s textile exports crossed the 3.25% mark in 2010 News

Where are the jobs? Explained through graphs

The Periodic Labour Force Survey conducted by the NSSO shows that, of India’s labour force of 487 million, about 458 million are gainfully employed—i.e. 29 million of the labour force is unemploye

A host of factors are likely responsible, from improved rural infrastructure to availability of credit. News

US-China relations: After tariffs and Huawei, will Hong Kong be the next flashpoint?

Pro-democracy activists in Hong Kong say that the US Congress should reconsider the Hong Kong Human Rights and Democracy Act. They also hope that the US-Hong Kong Policy Act of 1992 is re-evaluated, w

Hong Kong’s critics fear this will erode Hong Kong’s judicial independence, and fear China’s opaque legal system and capital punishment. (Illustration: Rohnit phore) News

Derivatives no different from an axe or matchstick – depends on how we use it

Having a big domestic market for derivatives furthers the goal of an international financial hub. Liquidity brings more liquidity.

No single derivative type might suit every business and every requirement, just as a single pre-determined strategy would not serve every military situation (Illustration: rohnit phore) News

How resource overuse has now put us on the brink of collapse in many sectors

The policy requires full assessment of all measures proposed to improve efficiency, to ensure that their social and environmental impacts are also net positive.

Inputs to it, through the forthcoming phase of public consultation, must lead to it formalising systemic approaches such as adoption of circular economy practices News
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