Reducing import dependence and curbing non-essential imports means going back in time. The overarching need for the economy to simply become more globally competitive also seems to have got a bit eclipsed.
Further defaults and inability to meet its payments on the part of DHFL will again spread fear in the sector. It will set off a fresh round of risk aversion and liquidity squeeze for NBFCs as banks refrain from funding the shadow banking sector.
It is understood that rising income has a positive impact on rising crime. Therefore, neglect of the judiciary and the justice system as a whole can lead to erosion in governance and rule of law itself.
Foreign portfolio investors are a baffled lot. The trouble is the increase in tax surcharge doesn’t sit well with government’s stated intention of making India an investment hotspot.
The NCLAT order on Essar Steel has highlighted a new challenge for the bankruptcy code: whether maximise recovery for banks or ensure equitable treatment of all creditors.
If India recognises the role played by FPIs to the depth and breadth of its capital markets as positive, then making its investment in India more expensive cannot be the way to do it.
The Kothari Commission and subsequent committees have emphasised the need of higher spending in the education sector at par with developed countries, which spend close to 5-6 per cent of GDP on education.
With the decimation of much of the Opposition and the aggressive inroads made by the BJP, the BSP wants to dig in as an exclusive party of the Dalit. It doesn’t want to dilute its brand value and agenda by allying with other parties.
One of the biggest challenges that the automobile industry faces is making electric vehicles more attractive for personal use from the point of cost.
It is still a long way from a new leadership emerging. Contending personalities and factions will spar and some of that will reach the media. But public bickering is a hallmark of democratically functioning political entities.
Any talk of reform in labour laws is invariably met with resistance from trade unions as they fear that changes could curtail some of the current privileges their members enjoy. They would rather have a running business down its shutters than allow tampering with the benefits of its workers.
An RBI research paper as well as money supply data indicates that a turnaround in the financial cycle is likely
Cutting costs, leveraging assets such as land and infrastructure, and a judicious increase in fares would go a long way in addressing the financial problems.
Raj Thackeray believes that his campaign during the Lok Sabha elections, where he singularly focused on targeting Narendra Modi and the BJP, is a testament of his sincerity and this will convince the scattered opposition parties to unite.
If SpiceJet can run without a related party providing services, why not IndiGo?
If the slowdown is a warning that India is in danger of being caught in a middle-income trap, where does that leave investors?
Lack of timely data and weak political will are trouble spots even though the government has “a clear intent” to make India free of malnutrition
If India wants to avoid a repeat of the NPA cycle every decade or so, stricter penalties should be introduced.
Why India's government wants to shore up customs duty collections, in addition to giving an impetus to Make in India
The ongoing UN reform initiative — Action for Peace (A4P) — has human rights as one of the three central pillars of the UN system. Since this policy is to continue, the OHCHR can be expected to accumulate another set of similar data to ambush India down the line.
Gangwal approaching Sebi suggests that lawyers on both sides have failed to reach a compromise
It’s not clear whether the coalition in Karnataka will survive this scare; but, what’s clear is that coalition governments in future need to be prepared to tide over ‘resort politics’.
SEBI’s funds transfer to the government is nothing new. The oddity is the amendments in this regard are inserted in the Finance Bill. A mention by FM or a separate Budget proposal would have just done the job
IBC may have had an enabling provision with respect to cross border bankruptcy, but more work needs to be done
Businesses and equity markets will have to bear the short-term costs of fiscal restraint