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Economy and Business

A globalising world enabled the spectacular rise of India’s information technology industry over the last couple of decades. The IT sector not only pulled up the GDP but also came to symbolise young India’s aspirations.

 

South Asia is becoming one of the most interesting regions in the world economy displaying unprecedented growth, averaging close to six per cent per annum since the 1990s.

 

The major Indian stock indices have rallied strongly despite lingering concerns over their historically rich valuations.

 
  Finance Minister Arun Jaitley has demanded reforms to the International Monetary Fund’s controversial quota system, shedding light on the problems facing the Bretton Woods institution in today’s global economy.
 

 

The Narendra Modi government has notified that the new Real Estate (Regulation and Development) Act will come into effect from May 1.

 
India is among the countries most vulnerable to rising global protectionism warns the most recent Global Financial Stability Report of the International Monetary Fund. Most of the demand that drives the international trading system still remains in the developed countries and as they raise the drawbridge against imports, the biggest losers will be emerging economies like China, India and South Africa.  
 

Before contrasting and competing views within the government on the Hambantota Port deal are reconciled, the stage is being set for yet another debate.

 
How does one judge Make in India? Recent news that foreign direct investment (FDI) flowing to defence in 2016-17 was an absurd trickle of Rs. 61,000 (or perhaps $61,000, the Ministry of Defence didn’t specify) seems to have not caused much of a ripple. Nor has the fact that FDI in defence in the past three years has been – this isn’t a typo either – $174,000, notwithstanding several liberalisation announcements.  
 
Ever wondered why authentic Scotch whisky is so expensive in India? Have you sat at a bar and asked why in god’s name a glass of good alcohol costs that much? If the answer is yes then you have stumbled across an illustration of India’s peculiar trade relationship with Great Britain. It is a relationship set to become even more bizarre, thanks to British politics.
 
According to the government’s own figures issued by the Pakistan Bureau of Statistics on Tuesday 11th April, the trade deficit has expanded by 38.8 per cent to $23.385 billion, an all-time historical high and that with another three months of the current fiscal year to run. The deficit has been trending upwards since the PML-N came to power in 2013, and given that one of the planks of its electoral platform was that the party was business-friendly, this is a considerable setback. 
 


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Review
 
 
 
 
spotlight image Since Prime Minister Sheikh Hasina assumed office again in Bangladesh in 2009, bilateral relations between New Delhi and Dhaka have been on a steady upward trajectory.
 
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Senior representatives from the US, China, Pakistan and Afghanistan met in Muscat, Oman, on Monday to revive stalled peace talks with the Taliban, but the insurgent group failed to participate in the meeting being held after a year.
 
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Ruskin Bond’s first novel ‘Room on the Roof’ describes in vivid detail how life in the hills around Dehradun used to be. Bond, who is based in Landour, Mussoorie, since 1963, captured the imagination of countless readers as he painted a picture of an era gone by.
 
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India’s foreign policy under Prime Minister Narendra Modi has attained a level of maturity which allows it to assert itself in an effective manner. This is aimed at protecting the country’s national interests in a sustained way.
 
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Braid-chopping incidents have added to the already piled up anxieties of Kashmiris. Once again they are out on the streets, to give vent to their anger. A few persons, believed to be braid-choppers were caught hold by irate mobs at various places. They were beaten to pulp.
 
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Communist parties everywhere gather the ranks every five years to review the past, set future direction, renew political leadership and rejig organisational structure.
 
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In a move lauded worldwide, King Salman bin Abdulaziz Al Saud recently issued a royal decree allowing women to obtain driving licences.
 
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The death toll from Saturday’s twin truck bombs in Somalia’s capital Mogadishu has crossed 300.
 
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On “Defining Our Relationship with India for the Next Century”
 
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Title: The People Next Door -The Curious History of India-Pakistan Relations; Author: T.C.A. Raghavan; Publisher: HarperCollins ; Pages: 361; Price: Rs 699

 
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Could the North Korean nuclear issue which is giving the world an anxious time due to presence of hotheads on each side, the invasion of Iraq and its toxic fallout, and above all, the arms race in the teeming but impoverished South Asian subcon...

 
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Title: A Bonsai Tree; Author: Narendra Luther; Publisher: Niyogi Books; Pages: 227 Many books have been written on India's partition but here is a firsthand account of the horror by a migrant from what is now Pakistan, who ...

 
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As talk of war and violence -- all that Mahatma Gandhi stood against -- gains prominence across the world, a Gandhian scholar has urged that the teachings of the apostle of non-violence be taken to the classroom.

 
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Interview with Hudson Institute’s Aparna Pande, whose book From Chanakya to Modi: Evolution of India’s Foreign Policy, was released on June 17.

 
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