Yellen readies big changes for Treasury
Yellen’s support for a large stimulus package comes as Biden prepares to push through a $1.9 trillion relief plan once he assumes the presidency
Economic Recovery | Overdo and reality
Conflicting signs and incomplete information aggravate demand uncertainties
Budget Chart Point | Pushing infrastructure
The Budget must announce laws to encourage private and foreign capital participation in infrastructure creation
‘The ambitions are New Deal scale’: Why Joe Biden needs big, early victories
Biden is no stranger to tough starts, given that he became vice-president to Barack Obama at the height of the financial crisis
COVID-19 Vaccine Rollout | Lessons Joe Biden can learn from Narendra Modi
Prime Minister Narendra Modi showed determination to demonstrate effective and reliable leadership in a time of crisis. He positioned himself as a modern-day CEO of the country and showed what good governance looks like
Budget 2021: Look beyond the fiscal deficit
The government has been supporting the economy for years with high deficits, much before the pandemic
Do we need a new Development Financial Institution?
India’s inability to develop bond markets, which finance infrastructure worldwide, has again tilted the talks towards another DFI
COVID-19 pandemic is aiding Indian IT in more ways than one
Offshore mix at Infosys and Wipro reached record levels last quarter. With customers more amenable to remote delivery, offshoring is estimated to remain high, aiding IT companies' profit margins
The limitations of India’s EdTech startups
Despite the giddy valuations they command, most Indian EdTech players have restricted themselves to low-hanging fruits
Most major economies are shrinking. Not China’s.
The Chinese economy has improved steadily, finishing the year with growth of 6.5% in the past three months compared to the same period in 2019
Will Budget 2021 increase India’s consumption power?
While Budget 2021 will be presented in uncertain times, it provides an excellent opportunity to the government to leave a mark on the lives of taxpayers
Budget 2021 | Expectations to boost insurance sector and encourage long-term savings
The life insurance industry plays a key role of providing social security to Indians. The importance of a safety net in the form of insurance cover gained immense prominence in 2020
China’s Covert Operations | Closer scrutiny on university grants and language institutions is welcome
Closer scrutiny is needed for 369 private universities and another 46 deemed universities, not to mention the several hundreds of private institutions which are more than willing to accept money from anywhere
Budget Chart Point | Will subsidies buck the recent trend?
Deregulation of petrol and diesel prices as well as low oil prices which helped reduced the cooking gas subsidy reduced the overall subsidy burden as a proportion of GDP
10 factors that will impact West Bengal elections
The BJP has painted the TMC with the minority appeasement brush. With the Muslims backing Mamata Banerjee, there is a high probability of the Hindus standing with the BJP
Legal battles remain a risk after creditors award DHFL to Piramal
Depositors and retail bondholders are two other classes unlikely to be happy
Tech stock booms: then and now
The echoes of the dotcom bubble era in current market conditions
Home advantage for hotels, but earnings show it’s a small room to view
Foreign tourism has to improve to push occupancy and room rates higher from the current levels
Bad bank idea, like a bad penny, keeps cropping up
It is important to remember that a bad bank is an idea that is to be used only to tide over a problem confronted in an exceptional period, as global experience has shown
Interview | This is not the time to worry about the fiscal deficit, says Dr Govinda Rao
The government should consider changes in the Direct Taxes Code when the economy improves, says former director of National Institute of Public Finance and Policy
Ban on liquor ads has stopped neither its advertising nor its consumption
Maybe we should just shed this hypocrisy and accept that some adults do drink and reaching them is a legitimate part of a company’s brief
Building a safe harbour for online fantasy sports to facilitate responsible growth
A self-regulatory mechanism will ensure that the online fantasy sports industry continues to benefit and protect the interests of the consumers while supporting innovative operators who conduct themselves responsibly
The Reading List: January 15, 2021
A selection of articles and social media gems from the world of economy, business and finance
Paul Krugman writes: Four rules that should guide Bidenomics
The rescue package Biden unveiled Thursday already indicates he won’t exhibit the excessive caution that inhibited President Barack Obama’s response to economic crisis
Biden proposes $1.9 trillion spending package to combat virus and downturn
The package includes more than $400 billion to combat the pandemic directly, including money to accelerate vaccine deployment
