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What’s left unsaid in the monetary policy resolution are the concerns about the fiscal situation.
For the BJP the situation is a win-win. It sends a signal to the ruling AIADMK and CM Edappadi Palanisamy not to take the BJP for granted. It also embarrasses the DMK whose leaders were using strong language against PM Modi until a few weeks ago.
If China has a long-term strategy of containing India within South Asia, then India can just as easily adopt a strategy of challenging China’s core interests. And India is trying to do this by building solid partnerships with other major powers like the US.
India and the Indian people are much too diverse. Singling out Muslim migrants for exclusion and being open to accepting migrants of all other major religions can create its own problems.
The tax authorities say that the benefit of MAT credit will not be allowed if a company opts for the new tax rates
The working group proposes surplus conditions and development of long-term repos
Despite murmurs of dissent, the BJP is in a formidable position in Haryana. Its choice of candidates is proof that the state leadership is aware of the problems and is addressing them.
While most changes are welcome, they will have to be assessed in light of current fund structures
The Centre has come to commandeer too much of resources through centrally-sponsored schemes over the formulation of which the states have no say. These schemes are implemented by the states but the Centre takes credit for them.
For India, which has a minuscule share in world trade, initiatives such as the RCEP throw up the opportunity to economically integrate more closely with this dynamic region. We cannot afford to ignore such opportunities as they do not wait indefinitely.
Automobile sales paint a dark picture of the sector's health, earnings may be downgraded to be in touch with the ground reality
Rate cut to deepen the coordinated counter-cyclical policy stimulus measures to revive consumption, investment and growth
India’s September manufacturing PMI, though weak, is much better than the global average
The offers lined up so far barely move the needle
A look at Masayoshi Son’s investments in Indian startups like Oyo and Ola would show Softbank’s inclination to invest at inflated valuations. It is time startup founders and their financial backers stop bluffing
As the RBI has succeeded in stabilising immediate economic settings, it will now play a bigger role in restoring the confidence in financial system to preserve policy effectiveness.
The sharp cut in corporate tax rates especially for new projects should help propel an investment demand recovery in the December quarter.
India will need both a capable and expanded foreign service working in co-ordination with political parties, business communities, intellectual elites and the diaspora, and to display adherence to values that are attractive to other nations to push an ‘Indian model’ of politics and development that can challenge the Chinese one.
The next few months should provide clues on whether the consumption engine is staging a revival or not
Bank loans to non-banking finance companies, however, have been increasing
The core industries index contracted in August 2019 for the first time since April 2015
Reducing expenditure to offset the tax cuts and keep the deficit in check would be an own goal for the government
India is among the world’s worst-affected countries due to climate-induced natural disasters, and yet none of our cities or urban bodies have factored measures to fight this.
China's growing steel output continues to pose a risk to steel prices
Many retailers have started charging money for plastic bags if not ban them outright and this has had a positive impact, but it is not enough when we look at the larger picture. A mere shift from plastic to paper won’t help the environment.
