BUSINESS
Union Budget: Balancing growth with employment, riding on private investment
Union Budget 2024: The challenge before the Modi government is to sustain its economic growth and address the issue of food inflation and unemployment. The ministry of finance has held meetings with several economists and market experts to share their view on what the Budget 2024 should look like.
BUSINESS
With investments pouring in, Chinese imports are destined to go down
With the government adopting several measures, investment in the manufacturing sector is increasing. The rising export of several items like chemicals and pharmaceutical products, defence equipment will also help to reduce the dependence on Chinese and imported products
BUSINESS
Gold is becoming the new currency of the world, dollar losing its grip
Global chaos and sanctions on Russia forced many nations to make payments in local currencies, the dollar is no longer the only option for global transactions. On the other hand, gold in the last two-three years has seen an unprecedented rise
BUSINESS
Rupee exhibits signs of stability, here are some factors contributing to it
In the last two quarters of this financial year, the rupee-dollar exchange rate stabilised at around Rs 83.0 per dollar it has happened mainly due to narrowing down of deficit on current account resulting from significant increase in exports of goods and services and trend towards de dollarisation
BUSINESS
WTO Conference: Deadlock on deals raises questions on world body's efficacy
After the failure of this ministerial conference, questions are being asked if WTO’s existence is in danger
BUSINESS
Rs 1 lakh crore corpus to incentivise R&D amid India’s patent boom bodes well for innovation
India’s budding scientists and a variety of institutions are poised to benefit from the loosening of purse strings for R&D. More patents can be granted by increasing the number of examiners and other personnel in patent offices. At the current pace, expect the granting of one lakh patents by 2025-26
BUSINESS
Budget 2024: Receding twin deficit underscores India’s strong economic footing
The lower fiscal deficit and current account deficit number brings good news for the economy by way of control on inflation, lesser domestic and foreign debt and better value for domestic currency. It adds one more reason to celebrate as these numbers mean better prospects for the economy
INDIA
Indian fishermen in a quandary over WTO’s new fishery subsidy agreement
India has to take a tough stand to protect the interests of its fishermen who require support both financially and for modernising their fishing equipment. Fishermen suicide cases are rising and stoppage of subsidies would aggravate the situation
BUSINESS
Robust GDP growth brightens India’s chances to surpass Germany by 2026
The largest share of growth in value addition was from manufacturing, which grew by 13.9 percent. Growth in manufacturing indicates the success of the Union government's Atmanirbhar Bharat policy. A large number of new production units are coming up in every sector
BUSINESS
A blueprint for growing India’s exports to $2 trillion by 2030
To increase exports, it is necessary that production and GDP increase. In 2030, when India's GDP becomes $7 trillion as targeted, then exports of $2 trillion would be achievable
INDIA
Misplaced priorities, governance failure in Punjab choke Delhi’s air
If part of the Punjab government’s freebies had been allocated towards incentivising farmers, the state would have been able to curb stubble burning better
BUSINESS
The world will have to live with high interest rates for now
While Indian inflation used to be much higher than that in the US and Europe in the past, last year it was much lower in India. The “higher for longer” stances of many central bankers will remain so for the foreseeable future, with the Israel-Palestine conflict further complicating their calculations
BUSINESS
Reformed multilateral development banks may offer fairer rescue deals to needy nations
Global institutions have so far failed miserably to meet the aspirations of developing countries
BUSINESS
IMEEC is planned to benefit all member countries unlike China's BRI
The IMEC opens up new transport routes and avenues for cooperation between member countries on technology, design, finance and regulatory standards. And, it will not push countries into debt trap
BUSINESS
G20: India succeeded in not just securing consensus but also in making the forum more inclusive
Compared to the previous conferences, the Delhi conference can be considered successful in moving, without a bias, towards strong solutions to global problems, particularly those of the developing world
BUSINESS
Laptop Import Curbs: Make in India can’t succeed with free flow of goods into the country
The goal and modus operandi of the Aatmanirbhar Bharat policy is not to create inefficiency in the country, but to be a ‘tree guard’ to let the industry grow
BUSINESS
Recapitalisation of NPA-burdened banks proves rewarding for the government
The government’s decision to recapitalise public sector banks to improve their balance sheets is paying off now. With these banks in a healthier state, dividends paid to the government are more than offsetting the burden on the budget due to recapitalisation
BUSINESS
GST On Online Games: A measure to keep youth from harm and debt trap
Companies involved in this business are not willing to accept that it can lead to addiction and they argue that the average deposit amount is very little. But the reality is different from this
BUSINESS
Despite differences, India has scored with a consensus declaration at the SCO summit
The message from the SCO is very clear — international diplomacy is never black and white. The SCO underlines the reality of a multipolar world. With a lot of churning taking place globally, the SCO-like groupings have great importance for the maintenance of power balance
BUSINESS
Government Debt: States’ recklessness a rating risk
When international agencies take account of the total debt in the country, they include not only the debt of the central government but also the debts of the state governments. In such a situation, the continuous increase in the ‘overall government debt’ to GDP ratio in the country becomes a cause of concern
POLITICS
Nine Years of Modi Government: Stood firm and delivered despite challenges
Nine years of the Modi government can be considered to be excellent years for the economy and people of India. Despite the worst pandemic of the century, in these nine years, India’s international standing has also improved significantly, not only in terms of ranking in GDP but also in terms of cooperation with other countries, both rich and poor
BUSINESS
Delhi Budget: Time ripe for mindless freebies to make way for higher capex
The state must be pushed for improved infrastructure spending and good civic amenities, and the central government should not let the AAP government play with the future of Delhi for petty political gains
