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Economy and Business
As India achieves a high rate of GDP growth, the highest in the world, will inequality of incomes be reduced? The Gini coefficient that measures inequality has risen from 45 per cent in1990 to 51.4 per cent in 2013 (coefficient of 100 signifies maximum inequality and 0 means perfect equality).   
 
These are sombre times for the department of industrial policy and promotion (DIPP). Two years ago, it had been tasked by the prime minister to haul India’s Ease of Doing Business rank from 142 to the top 50. However last week, when the World Bank declared the latest rankings, India limped up only one spot from last year to 130.  
 
The root of the Indian patent system lies at the heart of the British colonial administration. With the coming of the World Trade Organisation (WTO)-Trade Related Aspects of the Intellectual Property Rights (TRIPS) in 1995, the Government of India had to bring massive changes to its original patent law of 1970.  
 
The World Bank’s Doing Business ranking has unnerved many in the power corridors of Delhi. India’s ranking of 130 out of the 190 countries surveyed, paints a dismal picture.   
 

The problem with multiple rate categories is that it complicates the structure, adds to both administrative and compliance costs, leads to classification disputes and opens up avenues for special interest groups to lobby for lower rates

 

Regulation — which is based on force and fear — undermines the moral base of business dealings,” said Alan Greenspan, American economist (former chair, Federal Reserve of United States)

 
India is understandably piqued at having moved up just one place, from 131 to 130, in the World Bank’s annual ease of doing business rankings (drawn up after assessing performance with respect to 10 factors) over the last year.  
 

The Indian government was able to take some bold measures. In the early months of 2015, it further opened up the insurance sector by allowing up to 49 per cent FDI. It also opened up the coal industry through the passing of the Coal Mines (Special Provisions) Bill of 2015 writes  Sudip Bhattacharyya for South Asia Monitor

 
The protection of the Geographical Indication (GI) in India comes under the purview of the Geographical Indications of Goods (Registration and Protection) Act 1999, known as the GI Act. However, the Act came into force on September 15, 2003.  
 

Some critical issues are pending before the GST Council for a final decision. Comments have been made in the public space with regard to two of these issues. Even though the final decision with regard to these two issues is yet to be taken by the GST Council, the rationale behind the proposals placed before the Council needs to be explained.

 
 


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Review
 
 
 
 
Addressing entrepreneurs, policymakers, technologists, and academics December 7 at the Carnegie India Global Technology Summit in Bengaluru, India's Foreign Secretary S. Jaishankar underscored the need to harness the power of technological change for faster economic development.
 
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The strangest of the several barbs hurled hurdled at Pakistan during and after the recently concluded Heart of Asia conference at Amritsar, India,  was that Pakistan is trying to change perception about the Taliban writes Monish Gulati  
 
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Actually, Modi is on to a long-term experiment in India. He and the government aim to re-engineer human souls and minds as much as socio-economic realities. writes Sudip Bhattacharyya for South Asia Monitor.
 
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This has been a mind-boggling year for Europe. First Britain’s shock European Union referendum result and the ensuing backlash against immigrants seemed to signal the rise of the right in Europe. The certainty that the right was on a steady march to power seemed confirmed by the U.S. election result and was seized upon by right-w
 
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Diplomacy can be quirky when not decidedly cold. Donald Trump has caused a flutter in the international roost weeks before his inaugural as the President of the United States of America. He himself has been left wondering how the  "US sells Taiwan billions of dollars of military equipment, but I should not accept a congratula
 
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The Heart Of Asia conference in Amritsar called for immediate elimination of terrorism to help the war-ravaged country in its political and economic transition. Access the full text here...
 
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China on Monday said that it was opposed to any breach of the Iran nuclear deal, opening up another possible avenue of friction with the United States once President-elect Donald Trump enters the White House.  
 
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It is accepted conventional wisdom the world over, ever since well-known military theorist, Carl Von Clausewitz, first articulated the aphorism in the late 18th century that “war is a continuation of politics by other means”.  
 
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An aching sense of love, loss and yearning permeate this work of fiction which, however, reads like a personal narrative set in an intensely disruptive period of Indian history, and adds to the genre of partition literature, writes Ni...

 
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This is a path-breaking work on India's foreign policy since Narendra Modi became the Prime Minister in May 2014 and surprised everyone by taking virtual charge of the external affairs portfolio. A man who had been denied visa by some count...

 
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The pattern of Chinese actions on the global stage demonstrates that it lives by the credo of might is right, a potent tool in its armoury for the pursuit of aggressive designs, writes Sudip Talukdar for South Asia Monitor....

 
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The Tehrik-e-Taliban Pakistan, Lashkar-e-Taiba, Jaish-e-Mohammad and others of their ilk not only destabilise Pakistan and make it one of the world's most dangerous places but also threaten neighbouring Afghanistan and India -- and even far...

 
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