opinion

Budget Snapshot | FY24 sees India Inc’s tax/PBT ratio decline sharply

While the overall number is down, it is a mixed picture among sectors that have contributed to the decline in tax/PBT ratio 

How Budget 2024 can put India on the path of Viksit Bharat 2047

Direct tax framework can be simplified and rates rationalised without upsetting macroeconomic stability. This is a must to move India to another level

Why everyone is not convinced about Dr Reddy’s latest acquisition

Dr Reddy’s will have to invest significantly to improve growth rates of the acquired brands in nicotine replacement therapy

Budget 2024 needs to boost household savings to provide enough fuel for investment

Indians are saving less in financial instruments as interest rates haven’t kept pace with inflation. Budget can tweak taxes to reverse this decline

Moneycontrol Pro Panorama | China’s shadow on global manufacturing refuses to shorten

In today’s edition of Pro Panorama: New Budget’s priorities, China hand in inflation, rains playing a cat and mouse game, road ahead for Indian bonds, and more

Foreign investors left stranded in Evergrande’s web of Chinese debt

Overseas bondholders have discovered to their cost that they have little recourse in the Chinese system when boom turns to bust

Highlights of the new criminal laws, a long awaited change

The three new criminal laws introduced today are a mixed bag of necessary changes, retaining controversial aspects of the old laws under a different name and an expansion of police powers in some areas.

Is Bengali sub-nationalism Mamata Banerjee's new political weapon?

With the BJP gaining ground in West Bengal's urban areas, Mamata Banerjee is trying to shore up her popularity by attacking corruption within her party and sending a subtle message of Bengali sub-nationalism

Falling prices of Chinese exports have helped inflation come down in India

The Bank for International Settlements says China’s export drive has acted as a global disinflationary force for importing countries, with India being among the biggest beneficiaries

Budget Snapshot | Consumption push or investment-led growth?

The share of private consumption in GDP at constant prices in 2023-24 was the lowest since 2017-18—should the government therefore boost consumption in the Budget?

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