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Economy and Business

Two major global changes in the past year; the ‘Brexit’ referendum and the advent of Donald Trump, writes Sandeep Kaur Bhatia

 

It is also imperative for India to explore other regions for markets. Its trade deficit with Latin America has been narrowing. Also, its trade with Mexico, Colombia and Guatemala has increased, compared with some Asian markets, eastern and western European countries, writes Sandeep Kaur Bhatia for South Asia Monitor

 

Representatives of around 45 American companies met Prime Minister Narendra Modi at this year's Global Entrepreneurship Summit (GES) in Hyderabad and expressed their commitment to continue investing in India, a top Indian American business leader has said.

 

In November 2017, prices of most of the major kharif crops crashed below their respective minimum support prices (MSPs), triggering farm distress.

 

International commentators have asked the government of India to make major economic reforms for years. We said it would be like The Field of Dreams: If you make major reforms, international money will pour in. But the problem for politicians is that reform in the short term can be political suicide — and that’s precisely why very little gets done in any country absent a crisis. You implement a controversial regulation or take a difficult vote, but you lose the next election because of it.

 

In the Museum of Modern Art in New York City, there hangs a massive, 2.42 m x 5.42 m painting called Vir Heroicus Sublimis (Man, Heroic and Sublime) by American artist Barnett Newman. The description next to it reads, “There is a tendency to look at large pictures from a distance. The large pictures [here] are intended to be seen from a short distance.”

 

On November 8, 2016, Prime Minister Narendra Modi announced his decision to deprive Rs 500 and Rs 1,000 currency notes of their “legal tender” status and removed them from circulation.

 

The script was altered for the second time in two months but with far greater impact. Soon after Prime Minister Narendra Modi promised far-reaching changes to simplify the goods and services tax regime, especially for small businesses and consumers, the GST Council delivered some relief measures on Friday.

 

The World Bank’s latest ‘Ease of Doing Business’ rankings have come at the right time for Indian Prime Minister Narendra Modi since, in recent months, he has been widely criticized for his mismanagement of the Indian economy (especially the implementation of the Goods and Services Tax (GST), confusion with regard to multiple rates and the failure of demonetization to achieve its stated goals).

 

In its own coded and diplomatic style, the World Bank has warned that the government’s growth story is now at risk given the scale of the macroeconomic imbalances growing within it.

 


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Review
 
 
 
 
spotlight image Minister of State (Independent Charge) for Housing and Urban Affairs, Hardeep Singh Puri, is a former top diplomat who retired as India's Permanent Representative at the United Nations. In his new political avatar, as an important minister in the government of Prime Minister Narendra Modi, Puri told INDIA REVIEW & ANALYSIS that
 
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Aimed at consolidating cooperation between the armed forces of India and Saudi Arabia and explore new avenues of defence cooperation, Chairman, Chiefs of Staff Committee and Naval Chief Admiral Sunil Lanba, visited Saudi Arabia on from 4-8 February 2018, writes Anil Bhut
 
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Campus placement season is here and the news is that graduates from the top campuses in India, especially the IITs, have received six figure pay packets and job offers in the US. However, looking beyond the top 200 engineering schools in India, pay packets are not looking too promising. The reason is the emergence of new engineering sc
 
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Since the NDA government converted the ‘Look East’ Policy to the ‘Act East’ policy, there has been a greater sense of strategic engagement with the ASEAN, writes Gurjit Singh
 
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The UN will be making contacts with Maldives leaders in response to the request by the opposition leaders for Secretary-General Antonio Guterres to oversee the all-party talks proposed by that nation's President Abdulla Yameen, Guterres's Spokesperson Stephane Dujarric said Friday.
 
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Srinivasan leaves his office in Bengaluru where the lights and air-conditioners are switched off when sensors planted inside notice that he is leaving. He is prompted on his e-watch as to how much time it would take for the elevator to arrive on his floor, based on movement-recognition, writes Rajendra Shende
 
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The Indian government is undertaking a project to enhance and install infrastructures related to trade and customs along its northeastern frontier, that include trading points with Bhutan.

 
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Society for Policy Studies in association with India Habitat Centre held a lecture in the “2022: The India We Seek”

 
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Title: Do We Not Bleed?: Reflections of a 21-st Century Pakistani; Author: Mehr Tarar; Publisher: Aleph Book Company; Pages: 240; Price: Rs 599

 
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From antiquity, the Muslim faith has been plagued by the portrayal of Muslim men regularly misusing this perceived “right” to divorce their wives instantly by simply uttering “talaq” thrice.

 
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'Another South Asia!' edited by Dev Nath Pathak makes a critical engagement with the questions about South Asia: What is South Asia? How can one pin down the idea of regionalism in South Asia wherein inter-state relations are often char...

 
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Book: A Time of Madness; Author: Salman Rashid; Publisher: Aleph; Price: Rs 299; Pages: 127

 
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Book: Why I Am A Hindu; Author: Shashi Tharoor; Publisher: Aleph Book Company; Pages: 302; Price: Rs 699