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Economy and Business

The eighth National Finance Commission (NFC) has been constituted and at least one preliminary meeting between the centre and provinces has been held. The NFC is designed to determine the envelope of fiscal transfers from the centre to the provinces from the federal divisible pool (vertical distribution), as well as the formula for distribution between the provinces (horizontal distribution).


The confusion arises because of the different prisms and disparate yardsticks being used to analyse the health of the economy.


Higher birth rates in poor families are an indicator of lack of genuine initiatives for providing them recreational opportunities. There is no denying that China recognises the geo-economic and geopolitical importance of a strategic relationship with Pakistan.


It is not quite the case that every country follows a fiscal year from April 1 to March 31. By fiscal year, I mean one followed in government accounts and budgeting. Individuals and corporate taxpayers may well follow other fiscal years. India’s major crop seasons are kharif and rabi.


Last week, Prime Minister Narendra Modi expressed his desire to see India adhere to “global” IP standards. The United States Trade Representative (USTR) was quick to latch on to this, noting in its latest Special 301 report: “The United States also welcomes April 2015 statements made by Prime Minister Modi recommending that India align its patent laws with international standards and encourages India to expeditiously undertake this initiative.”


Strong economic growth is imperative as growth is the answer to many of our socio-economic problems. Prospects for a rise in growth rate appear to be bright, which depends critically on implementing, in a time-bound manner, the various initiatives announced in the Budget.


OUR world is out of balance. It is both wealthier and more unequal today than at any time since the Second World War.


The long anticipated deceleration in the rate of the growth of China’s economy is under way. Even the normally conservative World Bank and the International Monetary Fund (IMF) are confirming that its growth is slowing down and is likely to fall below seven per cent. Even those analysts who had forecast a deceleration in its growth were unsure about when exactly the slowdown would start.


A little more than a week ago, World Bank chief Jim Yong Kim praised Prime Minister Narendra Modi for launching the Pradhan Mantri Jan-Dhan Yojana (PMJDY), which he called an “extraordinary effort” at financial inclusion. According to the Union finance ministry, India has attained 99 per cent financial inclusion, measured as households’ access to bank accounts. Within three months of launching the PMJDY, the government entered the Guinness Book for opening the largest number of bank accounts in the shortest time. This is a remarkable achievement. In the past, state policies of financial inclusion overwhelmingly relied on extending credit to poor households through subsidised schemes like the Integrated Rural Development Programme or self-help groups (SHGs) and no-frills bank accounts.


Thirty-three years after the first remittances began to trickle in from the Gulf, their volume had reached $6 billion.


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spotlight image Sergio Arispe Barrientos, Ambassador of  Bolivia to India is, at 37, the youngest head of mission in New Delhi. Only the second envoy from his country to India, Barrientos, who presented his credentials to the Indian President last month, feels he has arrived at a propitious time, when India’s focus is on so
On February 15, 2017 Indian Space Research Organisation’s (ISRO) Polar Satellite Launch Vehicle (PSLV-C37) successfully launched the 714 kg Cartosat-2 series satellite along with 103 co-passenger satellites from Satish Dhawan Space Centre, Sriharikota. 12 minutes later, writes Anil Bhat
While most Indians were observing recent domestic political developments; with surprise defeats for the ruling BJP in its pocket boroughs and a likelihood of the opposition uniting against the Party for the 2019 national elections, writes Tridivesh Singh Maini
Indian Prime Minister Narendra Modi and Chinese President Xi Jinping on Tuesday talked over telephone and pledged to deepen bilateral ties and promote mutual trust, writes Gaurav Sharma 
Famous for its pursuit of Gross National Happiness, Bhutan has a new cause for joy: In recognition of its Gross National Income (GNI) growth and social development, the kingdom is poised to graduate from the UN category of the world's poorest known as the Least Developed Countries (LDC), writes Arul Louis
Prem Sharma sells gutka (a combination of betel nuts, tobacco and mouth freshener) and cigarettes near the Vijay Nagar square in Indore, the commercial capital of the central Indian state of Madhya Pradesh. However, the most visible part of his tiny business is the dustbin that he does not dare to lose. The case is similar with pretty

While India has regained its position as the world’s fastest growing large economy – with the uptick in GDP expansion at 6.7% in Q3 of 2017-18 – sustaining it critically depend...


What is history? How does a land become a homeland? How are cultural identities formed? The Making of Early Kashmir explores these questions in relation to the birth of Kashmir and the discursive and material practices that shaped it up to the ...


A group of teenagers in a Karachi high school puts on a production of Arthur Miller’s The Crucible— and one goes missing. The incident sets off ripples through their already fraught education in lust and witches, and over the years ...


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


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.


'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...