The gross underbelly of Kerala’s love for gold
Kerala’s obsession with gold is deeply-rooted in its culture. Jewellery purchases are driven by tradition, festivals and other important family and societal occasions. A large part of purchases are for weddings
Das Kapital| RBI governor wants banks to improve buffers, but where will the money come from?
Meeting the minimum capital requirement is necessary, but not a sufficient condition for financial stability, said Das
Gehlot vs Pilot | Congress yet again lets down its young leaders
Unlike Jyotiraditya Scindia who decided the timing to pull down Kamal Nath, Sachin Pilot feels Ashok Gehlot has limited his options, knowing well that the numbers in the Rajasthan Assembly favour Gehlot and do not allow a repeat of the Madhya Pradesh-style revolt
Monsoon Watch: Rains step up, lend push to sowing
The trend of deceleration in rainfall reversed this week and sowing trends picked up pace, even in paddy
A relief and recovery blueprint for India’s economy
The pace, nature and extent of economic transformation has to now step up many notches, and this requires an execution team well beyond a well-functioning bureaucracy
India-EU Summit | COVID-19 and China likely to dominate talks
The rift with the US, Chinese assertiveness, tensions with Russia and Brexit have pushed the EU to look for reliable partners — India, despite its limitations, can use its geopolitical and economic strengths to further develop ties
10-percent capitalism will not give India the inclusive growth it needs
The world as well as India need a new approach to economic growth
Are short-sellers trapped in Yes Bank?
Yes Bank may not have participated in the rally in the banking space since March, but it has not fallen either. Everyone who wanted to exit from the bank has done so
Solar power is shining bright, but let's not make thermal plants unviable
Policy issues need to be addressed to strike the right balance between green and conventional energy sources
Moneycontrol Daily: Your Essential 7
A round-up of the most important interesting articles to help you jump start the day.
Our cars have followed us into obesity
We weigh more than our grandparents. Ergo, our cars weigh more too
Despite Modi-Netanyahu bonhomie, India improves ties with Palestine
Under Modi 1.0 and Modi 2.0, there have been many firsts in the India-Palestine bilateral. Delinking its ties with Palestine from the larger Israel-Palestine conflict, India has since been pursuing its ties with both countries on parallel tracks
Why the wave against expats in West Asia is a distant threat
Kuwait’s desire to cut excessive reliance on foreign workers is as old as the hills. Whenever these objectives have come face-to-face with the realities of Kuwait’s job market, which is skewed in favour of expatriates, these proposals have fallen by the wayside
How the TikTok phenomenon democratised online space in India
Everyone from teenagers and non-binary LGBTQI+ folk from non-metro cities across India embraced TikTok because it allowed their everydayness, their queerness, and just their own selves to become accepted, and even popular
By turning the spotlight on Hong Kong, India can put global pressure on China
India’s Hong Kong move has been noticed the world over, and Indian policy makers should use this moment in global politics to put China on notice
Chart of the Day | OECD Composite Leading Indicators for June 2020 shows tepid recovery in India
China’s leading indicator is almost back at the long-term trendline
Chart of the Day: The two sides to the narrative on India’s death rate per million
India’s death rate per million to COVID-19 is much lower than many other countries, says the government. Well, it depends on how you look at it.
What Indian public sector units must do to remain meaningful
Public sector capital expenditure remains a major tool in the hands of the government to propel the economy forward
Are the Tatas getting ready to rule the Indian skies?
The aviation sector is likely to see another round of market share realignment
Mass return of Indian expats from Kuwait is a storm in a teacup
Labour market nationalisation drives in West Asian countries started decades ago, but none have achieved set targets — on the contrary, the proportion of expats has increased in this time
The Hong Kong crisis reflects China’s hegemonic ambitions
With deeper economic integration of Hong Kong, China will have the advantage of having two major financial centres: Shanghai and Hong Kong. This gives it an advantage in global financial markets by challenging US supremacy in the financial sphere
Deepak Parekh, KV Kamath too join chorus for a one-time loan recast. Should RBI listen?
Moral hazard is the biggest problem with loan restructuring schemes. But extraordinary times call for extraordinary measures
Chart of the Day: When it comes to a stimulus, size matters
Europe is doing all it can to stave off the aftershocks of the pandemic. India is low down the table
India’s business elite should speak up more on politically and socially sensitive issues
Their reticence comes at a time when in the US, business leaders are increasingly speaking up on issues even if much of their courage comes from bottom-up pressures from employees
Chart of the Day | Panicky banking
Are there no lending opportunities or are bankers scared of lending?
