States’ deficit indicators are set to worsen as spending spigots open up in a competitive political environment. To compensate they need to find an additional source of revenue. Agriculture income tax, which comes under the control of states, holds the potential of being an important revenue source if a beginning is made now
A growing number of geopolitical events is affecting trade while disputes between major economies are leading to a realignment of trade relationships. Who wins, who loses is the main question
JLL India reports that in the first nine months of 2024, the premium housing segment (Rs 3-5 crore) saw an impressive 107 percent year-on-year growth, while the luxury segment (priced above Rs 5 crore) grew by 96 percent.
Acemoglu and Johnson have said that the big companies developing and deploying AI overwhelmingly favour automation (replacing people) over augmentation (making people more productive), which means many workers will be displaced, and those who remain employed will be subjected to increasingly demeaning forms of surveillance and control
Unfortunately, policymakers have made things worse by resorting to temporary palliatives
Bankers are bullish. This optimism could be due to the increased capex spending plans of corporations and start of a lower interest rate era that could spur consumer demand
The RBI governor’s caution regarding the perils of excessive technology in banking isn’t new. We have heard this warning before. Does the regulator know something that we don’t?
Growing profitable underwriting business is the key to survival for public sector general insurers.
RBI should review some of the operational guidelines for SFBs to pre-empt the risk of systemic instability in the financial sector
Finance Commission resource sharing formulas have led to some states consistently losing out on devolution of resources. This puts stress on the federal spirit. One way to ease the situation is to consider raising the devolution of the divisible pool among states to 50 percent from the current 41 percent
Tech, regulation and customer inertia have changed the rules
RSS head Mohan Bhagwat highlighted the danger of aping Western models which have had a destructive impact on the environment. India’s indigenous approach seeks harmony and balance. We need policy makers who understand our own cultural roots
Volumes contributed just 0.8 percentage points to Indian pharmaceutical market growth in 12 months to September 2024
If high quality institutions are the driver for long-term prosperity, why did different colonies, ruled over by the same coloniser, display different economic trajectories later? The role of colonialism and its varying nature, found the Nobel winners, has an influence that is not easy to shake off and therefore leaves a lasting imprint
The rupee is swaying to global whims, not tanking. A gradual depreciation in the rupee's value could be part of the RBI's plan to neutralise excess capital inflows
Q2 would just be a peak in the quality of the loan book, but investors must closely watch the upcoming quarters
The novelty in their work is the way they put 500 years of statistical evidence to show that the quality of institutions determines success. Democracies have a better chance of getting rich. China, however, remains an enigma which doesn’t fit this explanation
Acemoglu, Robinson and Johnson have in their research focused on the power relations between the masses and the elites and how these lead to different political systems, the economic policies that follow from different power configurations, and how changes occur in power relations
There are no shortcuts to success as a trader. Just as athletes train relentlessly, so must traders pay fees to the market over multiple cycles before joining the ranks of the successful ones
The question is that with some indicators indicating a slowdown in growth, would the MPC prefer to look through the vegetable price spike and focus on the fact that low core inflation signals there has been hardly any spillover from food prices
RBI’s focussed battle with inflation is paying off, but a rate cut still seems to hang in the balance
India, the world’s largest consumer of sugar, has a wide array of sweets to sample. Indians don’t hold back in experimenting with sweets which originate in other regions, with Kaju Barfi being the most popular sweet nationally
Rightwing organisations have spent months and millions of dollars contesting ballot procedures and voter eligibility
A slowdown in like-for-like sales growth partly due to growth of online commerce in metros is a sign that DMart’s business model is due for another rejig
SCO, formed under the aegis of China, aimed to promote cooperation among members to tackle terrorism. As leaders meet in Islamabad on October 15, Chinese nationals are in terrorists’ cross hairs in the country. China today is a victim of its own short-sighted policies in relation to Pakistan. It’s unlikely SCO will do anything to rectify matters
