Keyword : Economy

Moody’s Investor Service changes India credit rating to positive

In the backdrop of record foreign exchange reserve in India’s kitty, there is one more good news that may strengthen the hands of prime minister Narendra Modi when he visits Europe this month

Retail inflation falls as financial agencies forecast 7.9% growth

India`s economic growth is expected to improve to 7.9 per cent in current fiscal year. This figure has been given by global rating agency Crisil and foreign brokerage Morgan Stanley in their report

Modi`s one year has been satisfactory, says Jaitley

Satisfaction and positive sentiments are major themes of one year of Modi government. This is what came out at a press conference on Friday addressed by finance minister Arun Jaitley in the nationa

Reform driven India is a high-flier but world told to fasten seat belts

Reforms have buoyed confidence and falling oil prices have reduced vulnerabilities and India’s economy will grow by a robust 7.5 per cent rate in 2015. At this growth rate the country is set

“Problem is not with the govt’s delivery but with expectations”

The road ahead has many possibilities and Niti Aayog has to define many. In an interaction with Shubhendu Parth, Aayog’s member Bibek Debroy speaks about

Maharashtra gets top billing in travel list

In an evaluation carried out for 30 states over the last few months, Maharashtra has been ranked number one in this year`s survey on for tourism, travel and leisure. The state`s rank

Make in India: Rs 15.20 lakh crore investment promised

The just concluded Make In India Week has garnered business commitment of Rs 15.20 lakh crore in investment from global and domestic companies – of which  close to Rs 8 lakh crore will g

Budget in nutshell: what Jaitley proposes for affordable housing

* 100% deduction for profits to an undertaking in housing project for flats upto 30 sq. metres in four metro cities and 60 sq. metres in other cities, approved during June 2016 to March 2019 and co

Budget in nutshell: Governance and ease of doing business

* A Task Force has been constituted for rationalisation of human resources in various Ministries. * Comprehensive review and rationalisation of Autonomous Bodies.

Budget in a nutshell: Financial sector reforms

* A comprehensive Code on Resolution of Financial Firms to be introduced. * Statutory basis for a Monetary Policy framework and a Monetary Policy Committee through the Finance Bill 2

Farmers to be introduced to online agri-wholesale market on April 14

Finance minister Arun Jaitely, presenting the budget 2016-17 on Monday, said that the national agriculture marketing (NAM) e-platform will be launched on the birth anniversary of Dr. Baba Saheb Amb

Kejriwal unveils plans to revamp Delhi

Delhi would soon have a large fleet of high-end buses, laced with technology to check unsafe driving and to ensure passenger safety, to address the problem of heavy rush in the metro and scanty tra

Budget 2016 neglects interests of farmers, say activists

A panel of civil society activists campaigning for right to food, education, rural employment, maternity and pension entitlements, has said that the 2016-17 budget does not serve the interest of fa

Replacing welfare schemes with cash transfers would be a mistake: Jean Dreze

Jean Dreze is equally concerned with theory of development economics as with its practice. A visiting professor at the department of economics in Ranchi University, he has extensively worked on

Jaitley argues why Aadhaar is money bill

 The Rajya Sabha witnessed the kind of debate it has not seen at least in recent decades as it took up for consideration the Aadhaar bill on Wednesday. Essentially, the opposition in the upper

Plug the loopholes and get back black money

Filmstars and business tycoons are among the 500 Indian names that were revealed through the Panama Papers, which are over 11 million leaked documents – bringing into focus black money, a pol

Eradicating poverty in India a Sisyphean task

The Narendra Modi government wants to banish poverty from India by the year 2032, a target that is ambitious and fraught with potential pitfalls. The government has thrashed out an a

It’s time India went on a job hunt

If the long queues at the employment exchanges and the crowds at private job fairs are an indicator, then trouble lies ahead for the Indian economy. The time has come to make employment generation

Plenty of food, plenty of schemes but reaching hungry is problem

There is no dearth of government policies and programmes to ensuring food for all; questions can be raised only about their effective implementation, says National Human Rights Commission chairpers

All you wanted to know about insolvency and bankruptcy code

Before making an investment, an investor has to consider not only the best-case scenario but also the worst-case scenario – unless a unit is allowed to close down properly if the business goe

Beyond the rate: Rajan’s prognosis for economy

In the second bi-monthly monetary policy statement of 2016-17, RBI governor Raghuram G Rajan on Tuesday decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged

Know the 10 megatrends that are shaping our world

It’d be truism to say that the world of the future is being shaped right now. Which are the big factors that can help figure out what would be the shape of things to come? Harinder S Kohli, f

Has Modi govt erred in Raghuram Rajan`s exit from RBI?

Has Modi govt erred in Raghuram Rajan`s

Thus spake outgoing RBI governor Raghuram Rajan

Amidst the speculations and debate over serving a second term as Reserve Bank of India (RBI) governor, Raghuram Rajan declared that he would return to academia after his term finished in September.

We respect Raghuram Rajan’s decision: Sitharaman

Commerce minister Nirmala  Sitharaman on Monday tried to play down the  controversy regarding RBI governor

The origins of Rajan exit: the speech that ruffled feathers

Just when did Dr Raghuram Rajan’s equations with the new government start going downhill? In hindsight, there will be many remarks and decisions that will fit the bill. A speech at IIT Delhi

All about Brexit

On June 23, Thursday, Britain will decide, through a countrywide referendum, whether it wants to stay with the European Union (EU) or not. Popularly known as ‘Brexit’ (from ‘Brita

Swamy spin on Modi narrative: ‘Core eco sectors are not performing’

With friends like this, Narendra Modi does not need enemies. Subramanian Swamy has tasted success and he is continuing his nation-building mission with all the more zeal.

As Britain votes to Brexit or not, here`s how it could affect India

As Britain and the world waits with bated breath for the result of the June 23 referendum on the Brexit issue, we take a look what this means for India. Will it be a win-win situation for the count

Brexit: Bookies are betting on Remain

Thursday’s Brexit referendum has generated high passions, dividing people not only of Britain but across the world. Will Britain ‘remain’ part of the European Union or ‘leav

India well prepared for Brexit aftermath: Jaitley

As Britain voted to opt out of the EU Friday, India has asserted that it is well prepared to meet its consequences. “We are well prepared to deal with the short and medium ter

India well prepared for Brexit aftermath: Jaitley

As Britain voted to opt out of the EU Friday, India has asserted that it is well prepared to meet its consequences. “We are well prepared to deal with the short and medium ter

Is Modi`s `snub` to Swamy too late, now that damage is done?

Is Modi`s `snub` to Swamy too late, now t

Brexit shakes Europe, stirs Scotland

The outcome of the June 23 referendum has shaken the postwar European order. Since the EU’s founding 1957 Treaty of Rome, this is the first time that a ‘major’ member state will

India’s standing improves in World Bank’s logistics performance index

India now ranks 35 in the World Bank’s logistics performance index, in which Germany is right at the top and Luxembourg a close second. Sweden occupies the third spot. The repo

Pay panel: what it means for bureaucrats, economy and industry

With the union cabinet having accorded its approval to the recommendations of the 7th Pay Co

Seventh pay commission: A damp squib?

As the NDA government, aims for a double-digit growth trajectory of the Indian economy, a pay hike to almost one crore government employees and pensioners can come handy, as it will push demand. Th

Memories, bitter and sweet

The crisis of 1991 is the most momentous event I was ever involved in; it is also perhaps when I did the greatest service to my country. But it is also when I met colleagues with sharp knives &ndas

Indian economy expanding strongly: ADB

Growth in Asia and the Pacific’s developing economies for 2016 and 2017 will remain solid as firm performances from South Asia, East Asia and Southeast Asia help offset softness from the US e

Who will reform the idea of reform?

For the last one month, India has been wallowing in a cool, scented pool of self-congratulation over the 25th anniversary of economic reform that began in July 1991. But as has been well said, what

The business of living, then and now

After teaching English literature in a postgraduate college for nearly a decade, Dr Shiv Kumar Gilra managed to save Rs 4,500 for a scooter. Then, back in the seventies, one had very limited option

Children of Reforms

You can see them around you all the time. They cut across geography, gender, caste, class, community and religion. Almost all of them have tell-tale signs – they are young, generally between

“We need leaders who will try to explain the logic [of reforms] to the people,” says Montek Singh Ahluwalia

If there is one person from the bureaucracy who has made the biggest contribution in planning and implementing the economic reforms, it has to be Montek Singh Ahluwalia. Commerce secretary at t

“India is now wide awake. We shall prevail. We shall overcome.”

THE DIAGNOSIS ‘At the edge of precipice’ 2. The new Government, which assumed office barely a month ago, inherited an economy i

India has failed in bringing administrative reforms: Mark Tully

  It was the former prime minister, Rajiv Gandhi, who first wanted to introduce economic reforms. In the pursuit of that, I saw Rajiv as someone who got himself into what I may call a

The poor have been forgotten more and more: Harsh Mander

I was still in civil services when economic reforms were introduced in 1991. A more dramatic event around that time [1992] was the demolition of Babri Masjid. In retrospect, one realises ho

Global economies need to adopt new business models: APO

The Bangkok Outcome Document, released by the Asian Productivity  Organisation (APO), calls upon global economies to explore and adopt new business models to achieve long-term business sustain

Why cost accounting is crucial for economy

  Manas Kumar Thakur was recently elected the president of the Institute of Cost Accountants of India (ICAI) – the apex body for cost accountants with around 5 lakh

Railway budget is history. Here’s the rationale behind ‘budget reforms’

Doing away with yet another long-standing tradition, the cabinet has decided to do away with the

“But for black economy, each one of us would have been seven times richer”

What do the income disclosure or amnesty schemes reflect on the government? What it suggests is that the government under the normal schemes is not able to take care

India a bright spot in world economy: KPMG

The ‘Digital India’ initiative aligns the country with the fourth industrial revolution, focusing on building robust digital capabilities and creating meaningful prospects for investmen

CRISIL expects real GDP to grow 7.9 percent this fiscal

The distribution of monsoon this season has been the best in the last three years, with only a third of the districts seeing deficiency compared with almost half in fiscal 2015 and 46 percent in 20

BRICS by people’s BRICS: A message for Modi et al

Ahead of the BRICS Summit, underway in Goa from Saturday, a clutch of civil society movements f

Case against cash

Can you imagine a day without cash? The answer is an obvious ‘no’. The rustle of notes and jingle of coins still have the power to light up any face. In fact, more than 99 percent of tr

Gandhi very much relevant for change, says Ramachandra Guha

Is Gandhi still relevant today? Or, is it still a relevant question today? Ramachandra Guha, renowned public intellectual with a biography of Gandhi to his credit, says his political experiments ar

UPI can be critical component for cashless initiatives

In April, former Reserve Bank of India (RBI) governor Raghuram Rajan launched united payment interface (UPI), a payment technology product by National Payments Corporation of India (NPCI), an umbre

Is India headed towards becoming a cashless economy?

Prime minister Narendra Modi’s dramatic Tuesday evening announcement to scrap currency notes of Rs.500 and Rs.1000 denomination is aimed putting an end to the grey economy,

Surgical strike? This was aspirin for cancer

If banning high denomination currency notes can curb black money, the whole problem would have been solved in 1978 – when the Morarji Desai government did it. Banning Rs 500 and Rs

Demonetisation will not have a big bang impact: Experts

Prime minister Narendra Modi’s address to the nation on Tuesday evening caught everyone, not just black money hoarders, by surprise. Minutes after the announcement, the news about Rs 500 and

Why Modi’s next target is benami property

Taking Rs 500 and Rs 1,000 notes out of currency is, of course, not enough to fight black money. In the days to come, the Modi government will have to take a series of moves to make this step e

Did anybody do any homework before launching this surgical strike?

As soon as the government announced its decision to demonetise Rs 500 and Rs 1,000 notes on the night of November 8, there has been an emergency-like situation across the country. With serpentine q

The Sitaram speech: Big crocodiles have survived and small fish have died

What Sitaram Yechury of CPM said during the demonetisation debate in the Rajya Sabha on November 16 (mildly edited and truncated for clarity):  [...] If you don’t

7 things govt should have known before launching the surgical strike

It’s been 10 days of suffering and chaos for people,and the way the government is continuously learning from its mistakes - announcing reliefs and exemptions, and then even rolling back some

Survey: What do *you* think of the currency ban?

You have read (or heard or seen) countless analyses, points-counterpoints, theories-conspiracy theories and allegations-counter-allegations on the historic move to ban high-denomination currency no

Another tryst with destiny

At a time, when the country was in the middle of a deep economic crisis and was facing internal insurgency, PV Narasimha Rao, the first ‘accidental’ prime minister, not only restored po

MMS calls currency chaos organized loot, Jaitley delivers stinging retort

Former prime minister Manmohan Singh and finance minister Arun Jaitley sparred over demonetization in parliament on Thursday. Manmohan spoke of the “monumental management failure” in im

If you (really) want to fight black money, won’t Lokpal make more sense?

Remember the Lokpal? The one-point panacea for all corruption and black money. It is a law, on the statute book. And while the government has launched a surgical strike against black money that has

In 1978, the common man was not hurt at all

The sudden announcement of demonetisation came as an inconvenience to 76-year-old SK Nangia. The morning after November 8, he had to travel to Hastinapur from Delhi by road, covering a distance o

The same blues on the other side of the counter

Since November 8, never-ending queues, rising tempers, despair and frustration have become a routine. It’s a nightmare for people who are struggling to deposit or exchange money at banks. And

When, where and how are the ministers depositing ‘cash on hand’?

The prime minister has directed MPs of his Bharatiya Janata Party (BJP) to declare their bank transactions to the president of the party in a bid to lead by example to come clean on their actions a

India procures 20% of GDP publicly: World Bank

South Asia has the highest share of public procurement in GDP, at 19.3%; followed by sub-Saharan Africa at 14.9%. “India procures 20% of GDP publicly, Pakistan 19.8%. East Asia has the lowest

Are we ready to go cashless?

Anya Shankar, a resident of Delhi, became nervous when her Paytm passbook went blank. A message from the company popped on her screen saying it was a “temporary glitch”. “Because

Looking for a good job

East Asia went through an economic miracle between 1960 and 1990, with income per capita nearly tripling. The four Asian Tigers – Hong Kong, Singapore, Taiwan and South Korea – achieved

The political anatomy of Modi’s surgical strike

Concerned about the abuse of power, French sociologist David Émile Durkheim in 1912 wrote that there could be no society which, at regular intervals, did not feel the need to uphold and reaf

Dream city Delhi

Anand Kumar, from Palwal, a small town in Haryana, had gone to bustling Bombay in the late 1980s as a teenager in search of work. “I had thought I’d drive a taxi or something, it would

The mind, the heart, and two great cities

I am made of both Delhi and Mumbai.  Intellect will tell you sharply that Mumbai and Del

When dhandho leaves Mumbai

Mumbai is a proud city. There are two kinds of pride. The first kind is fairly common, more so in India. It’s inherited from one generation to another, it’s transmitted by mere associat

Humans of Delhi: Dilwalon ki Dilli

I came to Delhi from Kanpur in 2003 for higher studies. Since

By 2020, median age in India will be 28.1 years

In the next three years, the median age in India is projected to be 28.1 years, as compared to China (38.1 years), Japan (48.2 years) and USA (37.3 years), said a report of the standing committee o

Demonetisation may lead to temporary slowdown of economy: Mukherjee

Demonetisation, while immobilising black money and fighting corruption, may lead to temporary slowdown of the economy, said president Pranab Mukherjee on Thursday. “We all will

Humans of Mumbai: Bombay meri jaan

I came to Mumbai from Sikar [in Rajasthan] to make a living. Mumbai gives me better work opportunities as compared to other cities. Here, I manage to save about Rs 40,000 per month, whereas in my h

Slowdown in GDP growth, estimated at 7.1 percent

The growth in GDP during 2016-17 is estimated at 7.1 percent as compared to the growth rate of 7.6 percent in 2015-16, according to First Advance estimates of national income at constant (2011-12)

Manufacturing growth has underpinned India’s economic performance: ILO

Manufacturing growth has underpinned India’s recent economic performance, which may help buffer demand for the region’s commodity exporters, said an International Labour Organisation (I

DeMo can’t fight black money: Leading business body

  If fighting black money is the aim, demonetisation is the wrong weapon, says India’s largest and oldest business body.    “Demonetisat

Investment slump hits growth: World Bank experts

Investment growth in emerging market and developing economies has tumbled from 10 percent in 2010 to 3.4 percent in 2015 and was below its long-term average in nearly 70 percent of emerging and d

How basic should basic income be?

Before one takes a call on whether or not India should go down the universal basic income (UBI) route, some myths about the UBI need to be addressed. A universal basic income is an unconditional, r

Debunking ersatz tax theories

Demonetisation has had some intended and many strange and unintended consequences. It appears that the zeal to reform the economy post-demonetisation has permeated to the general public, which has

Does cash transfer improve wellbeing of beneficiaries, asks expert

As cash transfer programs continue to grow as major vehicles for social protection, it is increasingly important to understand if these programs break the cycle of intergenerational poverty, or whe

“J&K could be an experimental ground for UBI”

In the Jammu and Kashmir budget, you have announced a basic income for construction workers, and also mentioned the concept of universal basic income. What was your rationale behind it?

Universal Basic Income: The big idea takes tiny steps

Sarath Davala has a strong opinion about public welfare. “The public welfare regime in India,” he says, “is an exercise in futility.” Some $20 billion (or about Rs 1.3 trill

Union budget will strengthen India’s economic muscle: FICCI

“This budget would tremendously strengthen the economic muscle of the country. It is directionally correct, fiscally prudent and strengthens the governance fabric of the nation,” said F

“Basic income should have maximum inclusion”

SEWA Bharat had initiated a unique pilot project on cash-for-food (that is, cash replacing PDS goods) in Delhi some time ago. However, the basic income pilot project in Madhya Pradesh goes

Post demonetisation, deployment of funds and credit growth a big challenge

Flush with funds after demonetisation, State Bank of India has trimmed its lending rate to revive credit demand. In an interview with Geetanjali Minhas, Rajnish Kumar, managing director (nation

Party funds: A step forward or a leap backward into the era of secrecy?

While presenting the budget in the Lok Sabha, the finance minister made some announcements about the manner in which he sought to make donations to political parties more transparent. If the propos

Universal Basic Income: The way forward

9.44 The irresistible force of even as powerful an idea as UBI will run into the immovable object of a resistant, pesky reality. So, what is the way forward, always remembering t

Free money? Seriously?

From Mahatma Gandhi’s Sabarmati Ashram to corporate talkshop Davos, it’s creating a buzz everywhere. If nothing is stronger than an idea whose time has come, then people in more and mor

India needs policy measures to conform to global standards: Carnegie

India faces significant challenges in the area of trade policy— the global economic slowdown, increasing protectionism, the stalled mega-trade deals that could in time be revived, and perhaps

Budget & Tourism

It’s a well-known fact that Indian citizens are a well-travelled lot. Our citizens contribute significantly to the tourism spends in countries such as Switzerland, UAE and Singapore.

Demonetisation impact on real economy transient: RBI

    Overall, the assessment is that the impact of demonetisation on the real economy has been transient, given the information available so far, said a Reserve B

Modi`s magic intact; BJP can now take 2019 for granted

Bharatiya Janata Party’s spectacular show in the elections 2017 – especially, the victory in Uttar Pradesh, has put a stamp of invincibility on prime minister Narendra Modi’s pers

World’s biggest UBI experiment in Kenya

The biggest ever universal basic income exercise is taking place in Kenya, and if it works, it may be replicated in other parts of the world. India too is looking closely at UBI, with pilot project

Government convinced that PPP model needs to be revisited: Expert

The government feels that the Public-Private Partnership (PPP) model needs to be revisited, said a World Bank expert. “As for the attempts to revive the “flow” of PPP proje

India’s labour problems: better education and laws can be the answer

Ever since Johannes Gutenberg invented the printing press in 1439 and paved the way for the Industrial Revolution, two new classes of society emerged – the Bourgeoisie and the Proletariat. Th

Minimum income schemes needed for job loss due to automation: Study

With the Indian IT and other industries facing daunting challenges from protectionism in the US and Artificial Intelligence (AI), an ASSOCHAM-PwC study has made out a case for government –ind

ADB’s 50th anniversary, civil society’s 100 protests

A section of people’s movements and other civil society organisations across India are holding more than 100 protest actions between May 1 and May 7 to mark the 50th anniversary of the establ

Niti Aayog vice chairman Arvind Panagariya on India’s growth prospects

Arvind Panagariya’s is one of the most elegantly done up offices in Lutyens’ Delhi. Its modern furnitu

India’s growth to rebound as cash shortage eases: IMF

India’s growth is expected to rebound to 7.2 percent in FY 2017-18 as the cash shortages accompanying the currency exchange initiative ease, said an International Monetary Fund report that wa

Populism: Its past and future

The rise of populism – the revolt of common people against the elite or the ‘system’ – has been one of the broad themes of the past decade. Till 2000, populism was confined

Clean Money: Yet another follow-up to make the most of demo

Trying to make the most of the demonetisation drive, the government has taken yet another follow-up step and launched an Operation Clean Portal. Its aim is to “enable citizen engagement for c

How you can have the best seat in a dream course in economics

If you want to learn more about the Indian economy, you can’t get a better chance than this. Arvind Subramanian, the chief economic advisor to the government of India and otherwise a teache

On DeMo, yet another goal post change

Some think there is only one way to score a bull’s eye, by hitting the bull’s eye. Then there are creative souls, who first shoot, and then draw a bull’s eye around the

Why economy is not going to be BJP’s poll plank in 2019

A gasping economy means bad politics for the Bharatiya Janata Party that is hoping to recreate the 2014 magic when it won the parliamentary election with a brute majority. Demonetisation

Farmers’ protests: RBI blames it on DeMo

Farmers in several parts of the country are on the warpath. Under stress, they are demanding more support from the government, especially higher MSPs and a loan waiver. But after a year of normal

Why the farmer is unhappy: chief economist explains

Just as farmers in Madhya Pradesh, Maharashtra and elsewhere were gathering for violent protests to press their demands, the chief economic advisor to the government of India, Arvind Subramanian,

Job are drying up with slowdown in economy

Job prospects appear bleak with the recent release of the provisional estimates of annual national income in 2016-17. The lacklustre performance of the Indian economy observed during the fourth qua

Unaffordable sacredness of our cattle

A lot of debate that we witness in the media on the cattle question these days suffer from the disease of speculative utopian imagination of a ‘cow-nation’ and relentless abuses for t

What India needs to do to finally become a superpower

For the past 25 years, India has been rising in stature. It is continually called an upcoming superpower but has been unable to reach the promised status. India’s importance in the world is m

Governance in India: 70 years and counting

India began her tryst with destiny almost seventy years ago, in the midnight intervening 14th and 15th August 1947. The country the British left behind was but a collection of over 600 native state

Industrial performance has weakened: RBI panel

There is a need for speedier clearance of projects by states, RBI’s monetary policy committee said and added that there is an urgent need to reinvigorate private investment, remove infrastr

Big pharma, IP wars and profit over people

Martin Shkreli, a former hedge fund manager who is infamous for overnight spiking up the price of a lifesaving drug by 5,000 percent, was convicted on three counts of fraud in an American federal

Challenges ahead of new railway minister Piyush Goyal

 New railway minister Piyush Goyal has his work cut out for him as he has to prioritise safety and restore confidence since the railways is going through a rough patch due to successive derail

Paradox of reforms: Poverty is down, but inequality is up

 Economic reforms, launched in 1991, have reduced poverty, claim all its supporters. But critics say the reforms have increased inequality, or the gap between the haves and the have-nots. That

The central challenge of India is job creation: Rahul Gandhi

 For the first time in our history, India has the opportunity to wipe out poverty. If India is able to lift another 350 million people out of poverty by 2030, it would be an achievement that t

Marx and his Das Kapital

This month marks the 150th anniversary of Das Kapital. On September 14th, 1867, Karl Marx wrote this seminal text where he explained the theory of capitalist system, which still provides a framewor

Yashwant Sinha’s tirade is driven by personal agenda

Some people are born with silver spoon in their mouth. Some tend to acquire it. Former finance minister Yashwant Sinha is neither. He belongs to a unique genre of career bureaucrat-t

RBI lowers economic growth forecast

 The projection of real Gross Value Added (GVA) growth for 2017-18 has been revised down to 6.7 percent from the August 2017 projection of 7.3 percent, with risks evenly balanced, said the Res

Thus spoke Modi on economy

Prime minister Narendra Modi strongly defended the fundamentals of the Indian economy, gave a befitting reply to

Melodramatic theatrics: Congress on Modi speech

The Congress described as “melodramatic theatrics” the speech by prime minister Nare

Too little, too late: Congress on GST changes

The Congress has criticised the changes made in the Goods and Services Tax (GST), say

Here’s how GST has been simplified

Goods and Services Tax (GST) has been simplified for small businesses and exporters. Here are the key changes that were introduced following a GST council meeting that was chaired by

Demonetisation, GST caused setback to economy: World Bank

Disruptions from demonetisation and events surrounding the implementation of GST led to a setback in economic activity and a potentially larger negative effect on the poor and vulnerable, said a Wo

Slowdown effect of demonetisation, GST more or less played out: Jaitley

There is clear evidence now that slowdown effect of demonetisation and GST has now more or less played it out, said finance minister Arun Jaitley Participating in an interactive semi

Digital India to provide 20-30% increase in India’s GDP by 2025: Alphons

Digital India program has the potential to provide an incremental 20-30 percent increase in India’s GDP by 2025. Since its launch in July 2015, significant progress has been made in several i

Highlights of India’s growth story

Here are the key points regarding India’s macro-economic fundamentals.   India grew at a very strong pace of 7.5% p.a. in the three years of 2014-17 with growth

Here’s why India did so well in ease of doing business

India carried out a number of reforms that helped the country dramatically improve its rankings by 30 spots to 100th position in the

How Thomson Reuters can help in cracking down on black money

Post-demonetisation, there has been a crackdown on shell companies, a way to convert black money into white. Recently, prime minister Narendra Modi said that shell companies would all be elimin

Job market is currently experiencing structural change: Nathan

SV Nathan, partner and chief talent officer, Deloitte India spoke to Praggya Guptaa about the current job market situation and the upcoming opportunities in India. How would you a

Fundamental shift under way in payment habits: RBI document

A fundamental shift is under way in payment habits of the Indian economy, said a RBI document that looked at the impact of demonetisation. RBI’s interventions on promoting elec

RBI keeps repo rate unchanged at 6 percent

 The Reserve Bank of India (RBI) on Wednesday the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.0 per cent.

The cost of Ease of Doing Business ranking

The ‘Ease of Doing Business’ report of the World Bank could not have come at a better time for the NDA government. The first anniversary of demonetisation, where everything from plannin

Income inequality has rapidly increased: Report

The rise in income inequality has been gradual in India, said the World Inequality Report which noted that at the global level, inequality has risen sharply since 1980, despite strong growth in Chi



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