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Economy and Business

Western smartphone makers, like Apple and Google, are increasingly looking east for growth, giving countries like India significant influence over the sorts of features they build into their phones.

 
Moreover, the different outcomes for the two neighbours makes it clear that the quality of Indian institutions and their ability to bend but not break under the weight of social divisions and instability have had a much more decisive role in determining our fortunes.  
 

India’s current favourite retail export products are: specially crafted shoes, carpets with designer motifs, ayurveda products, leather jackets, handicrafts, home furnishings, jewellery, khadi apparels, ethnic-wear, decorative paintings, traditional Jodhpur garments, organic products, musical instruments, sports goods, medical equipment, surgical items and auto components. Each item can become a billion-dollar plus category in a few years if we can ensure fast and hassle free shipment. But that remains a big challenge.

 

India’s efforts to attract and safeguard foreign investment while protecting public interest will be keenly watched in the midst of reforms in international investment agreements.

 
Marx would have been pleased. Contrary to his prediction, the communist revolution never happened in advanced capitalist countries. However, the libertarians in these countries have now come together with the socialists and communists around the idea of a universal basic income (UBI).  
 

This may have been done under pressure from the government or it may just have been overzealous bank officials who wanted to show the prime minister’s flagship project was not a dud as most said it would be—after all, several such pushes for no-frills accounts have been tried in the past and, after the initial flurry, nothing much comes of them.

 

India’s inter-state disparity is not just confined to income levels. The states diverge on several other economic, social and demographic indicators. But one particular indicator needs to be mentioned. That is total fertility rate (TFR)—or the average number of children a woman bears during her entire reproductive period. Interestingly, the three poorest states in the Dehejia-Chakravarty analysis are also the three with the highest TFR in India, and in the same order. The culprits, Bihar, Uttar Pradesh and Madhya Pradesh, with 2013 fertility rates of 3.4, 3.1 and 2.9, respectively, are behind the lower middle-income countries’ average, according to World Bank data.

 
Negotiations for the regional comprehensive economic partnership (RCEP), which could make India a part of one of the largest proposed free trade blocs in the world, are gaining momentum. But the crucial question is whether New Delhi is comfortable with the direction the talks are now taking.  
 

On the one hand, the government wants the central bank to have the inflation rate only within the permissible level. On the contrary, the government actions are actually building up inflationary pressure in the economy. It is high time the government indulge in a market-based solution to deal with supply side constraints faced by the country. 

 
The Pension Fund Regulatory and Development Authority (PFRDA) decision to introduce two more life-cycle funds for private sector subscribers to the National Pension Scheme (NPS) is a good idea since it gives them a far greater ability to have their savings invested in equity markets that deliver a better return  
 


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The sixth ministerial conference of Heart of Asia (HoA) - Istanbul Process is all set to begin in Amritsar from today. Prime Minister Narendra Modi and Afghanistan President Ashraf Ghani besides representatives from various countries would participate in the conference.
 
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Does Pakistan’s green lighting of the Russian request to use the strategic Gwadar Port for its exports, signal a new alignment in regional power play? Not really, writes Monish Gulati
 
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Fidel Castro was a symbol of revolution and inspiration to most of his followers. His insubordination to US power made him a beacon of resistance in Latin America and elsewhere, and his bushy beard, long Cuban cigar and green fatigues became universal symbols of rebellion, writes Amity Saha for South Asia Monitor.
 
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Since Donald Trump’s shock victory last month, the Democratic Party and its supporters have plunged into a cantankerous inquest. The search for answers has lingered on voters in the “Rust Belt” states of Pennsylvania, Michigan, and Wisconsin, areas of the country that haemorrhaged manufacturing jobs in recent decades.
 
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US President Barack Obama’s pivot to Asia, such as it was, is an endangered species in the Trump era. Looking back, was it in essence more rhetoric than a policy to be implemented? Leaders of South-east Asia, East Asia and further afield are asking themselves this question.a
 
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I thank Excellency Ghani for accepting my invitation and for gracing this conference. It is also a great privilege for me to welcome all of you in Amritsar, a city blessed with simplicity, beauty and spirituality, and abode to the Golden Temple, the holiest shrines of Sikhs.   
 
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The traditional ties between India and the United Arab Emirates have,  over the decades grown, riding on the strength of trade and investments. The Crown Prince Sheikh Mohammed bin Zayed Al Nahyan will be the chief guest for the 2017 Republic Day
 
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Pathankot in the Punjab, a strategic IAF base, Uri, a sensitive Army post in the Kashmir Valley, both close to the Pakistan border, and now Nagrota, a major base of the Indian Army deep inside the Jammu region close to Jammu city, all were attacked by Islamic terrorist groups which penetrated, the inner-most security cordons.
 
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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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