BUSINESS
Budget 2025: Extravagant in rhetoric, eminent in direction
When a larger share of the income pie goes to labour – rather than capital -- consumption will get a sustained boost, and complement the tax breaks given to the middle class. The former is structural, the latter a one-time measure. The budget made a reassuring beginning by focusing on labour-intensive sectors to boost employment
INDIA
Bibek Debroy, renaissance man
Bibek Debroy, renowned for his ten-volume translation of the Mahabharata, passed away shortly after a discussion on translations. Debroy significantly contributed to India's legal reforms and made ancient texts accessible, leaving a lasting legacy in academia and government
BUSINESS
Finally, getting down to the brass tacks in a budget
Slow creation of formal jobs has been India’s primary economic weakness. Addressing it was the budget’s underlying focus. Jobs will be the theme that will reverberate over the next five years
