Economy

2 Oct 2014
Growth be damned

Ever since Raghuram Rajan has taken reins at the Reserve Bank of India, media wasted no opportunity to hail him as a hero (an economist with rock star appeal, to be precise) and a vociferous inflation warrior. Indeed, Rajan has hiked rates three times between September 2013 and January 2014 by 25 bps each to take the inflation bull by the horn.

1 Oct 2014
India's Administrative System: An Unresponsive Frontier

It was felt and highlighted that the 'policy paralysis' and lack of reform impetus in macroeconomic policies led to the downward spiral in the business and mass sentiments, eventually led to an alarming level of deceleration in economic growth. The UPA-II regime was blamed for that, which was justified to an extent too, but somewhere there is a need is to see the real stumbling blocks.

30 Sep 2014
Taxation & the Reforms: Speed is Essence

Under unavoidable compulsions, the tax reforms have to enter the next phase, since the whole tax structure, as commonly known is still not flawless. So, the government must include various stakeholders in its ambit, to make tax reforms truly thriving on the ground.

29 Sep 2014
Labour reforms for 'Make in India'

The government will soon unleash a comprehensive labour reform taking a holistic and balanced approach to the concerns of industry and workers, Union Minister for Labour and Employment Narendra Singh Tomar.

26 Sep 2014
Indo-US Relations: Swami Vivekananda, Indira Gandhi and Narendra Modi

Turning 50, this year was for me was not only a personal milestone. In fact, it wasn't a milestone at all - it was a transition. Much like the India we were born into - where prosperity and prospects were both hard to come by - transitioned into an inclusive India we live in today.

22 Sep 2014
Jan Dhan benefits of RuPay, insurance also for Cooperative Bank accounts: Finance Ministry

The benefits of RuPay Debit cards, insurance and overdraft facilities associated with accounts opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY) will also be applicable for Cooperative Banks accounts opened under the scheme, according to top Finance Ministry officials.

19 Sep 2014
Need to revamp economic data measurement methods

Wide fluctuations and sharp revisions in macro-economic data like GDP, industrial output and inflation raises questions over the credibility of these numbers. In the past couple of years there have been sharp and multiple revisions in economic growth, industrial output, foreign trade and inflation data. Moreover, a wide fluctuation in these data on month-on-month or quarter-on-quarter basis has dented the credibility.

18 Sep 2014
High-decibel diesel price reform creeps in quietly

While the entire world is watching how Prime Minister Narendra Modi is courting Chinese President Xi Jinping along the ghats of Sabarmati, India has quietly implemented a high-decibel diesel price reform that will help in narrow the twin deficits -- fiscal and current account -- and may improve India's sovereign rating.

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