opinion

Can the global tax deal shrug off inertia and move ahead?

In the absence of an agreement on Pillar 1, India and the US maintain the status quo on DST, deepening uncertainties for MNCs

World leaders anxiously watch Trump’s election moves as Biden shows signs of weakness

US President Joe Biden is slipping in popularity ratings, strengthening the possibility of former President Donald Trump returning to power. But this is making several countries, including China and some European nations, nervous because he has promised to impose heavy tariffs and reduce US support for  Nato 

Temple economy both stable and inclusive, unlike industries

Sanghnomics: Industrial capitalism is inherently unstable. Cities centred upon it sometimes decline as competitors emerge. In contrast, cities sustained by temple-based  economies always thrive 

The Reading List: June 28, 2024

Articles and social media gems from the world of economy, business and finance, curated by our research and opinion teams

G-Secs in JPMorgan index is just the start. Private bonds will also benefit

In six to nine months there will be second round effects as foreign investors shift down the credit curve 

Dilution of voluntary delisting norms a blow to minority shareholders

Minority shareholders will be disappointed with SEBI’s move to dilute the current voluntary delisting norms

Last remaining Wall Street bears struggle to convince optimistic clients

The few analysts still warning about US market downturn say investors have embraced ‘fanatical thinking’

From the C-suite to the bottom of the pyramid, women are vanishing from India’s economic landscape

There is a lot of talk on women’s empowerment and how their participation in all parts of the economy needs to increase. Unfortunately, the numbers show nobody is walking the talk

How can India tide itself over the water crisis?

Moody’s recent report should put the Centre and the states in a mission mode to find ways to address the problem of water scarcity

As Quant MF falls under the Sebi scanner, what should investors in their schemes do?

While the jury is still out on the front-running allegations, the fund’s momentum-driven strategy, focus on small-cap stocks add to the risk for investors

Drug shortages in the US continue after rising to decade highs

Persistent shortages can help limit price erosion in generic drugs and support pharma exporters

Chart of the Day: Financial stability from the banking prism

India’s banks are in the pink of health and would remain so in FY25 as well, according to the RBI.

RBI's financial stability report shows India’s banks are resilient, but its markets are yet to be

High capital, profitability and low bad loans characterise banks’ resilience, but India’s capital markets are still vulnerable

Drones are changing warfare. India needs to move fast

Joint venture and not self-reliance is the best way forward. We also require a culture of collaboration between military and industry

UK Election: Why Keir Starmer and Rishi Sunak are not talking about Brexit

Brexit is the great unmentionable of this election campaign. Yet Britain cannot avoid the subject forever

US Supreme Court makes it harder to claim social media censorship

In Murthy vs Missouri, a majority of the justices said future plaintiffs would have to show more evidence that the government unlawfully pressured a platform to remove their post

Imploding Akali Dal pushes Punjab politics into an unsettled state 

AAP, and the radical forces have occupied the political space that once belonged to the Akalis, and BJP is trying its best to use the molten state of Punjab politics

What stopped the copper rally in its tracks?

Copper prices crossed $10000 a tonnes in May and it looked like nothing could stop it. But as June draws to a close, prices are sharply off their peak levels

The economic consequences of Mr Trump

Biden has not targeted the former president’s trade policy but it would be disastrous for the US

Reducing the proportion of cesses in tax collections will allow the budget to produce a bigger bang for the buck

Budget 2024: Capex undertaken by states leads to a bigger multiplier than centre’s investments. ‘Divisible pool’ of taxes needs to be higher 

Startup Street: SaaS industry -- at a crossroads?

With market conditions turning turbulent, SaaS industry valuations are coming off the highs, translating into slowdown in funding, hiring and drop in revenue growth

Chart of the Day | India’s exports to gain from shifts in global supply chains

The value of exports from India in 2030 is forecast to be the highest among Asian counterparts namely Vietnam, Malaysia, Thailand and Indonesia

Coromandel’s long quest to build non-subsidy business is bearing fruit

Revenues from non-subsidy business are expected to rise significantly in the coming years

As RBI forces bigwig issuers to rein in credit cards, lenders turn wary of plastic

Growth in credit card issuance and spends have moderated, but Indians remain big spenders