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Economy and Business

Two academics from IIT Kanpur, who briefed a parliamentary standing committee on cybersecurity, have pointed out that risks have escalated following India’s drive to digitise its economy.

 

For India, the monsoons are not just rains; it’s a life-affirming annual occurrence. But in the age of climate change, there is always the threat of the rain-laden clouds not making an appearance.

 

The opening up of Pakistan to foreign companies is having a negative impact on the country's economy, a leading Pakistani newspaper has said. The Nation quoted a report by the State Bank of Pakistan (SBP) as saying that these companies had sent back almost $201 billion as remittances in 2016-17.

 

An article in this newspaper (‘Taxing body parts’, IE, July 21, by Muralidharan) regarding GST at 5 per cent on aids and appliances for the disabled paints the GST in a poor light and seems to stem from an ignorance of the GST law.

 

“There are two competing economic narratives on India at the moment. They sit uneasily with each other. But both are correct.”

 

In the last 20 years, according to the government’s statistics, more than three lakh farmers have committed suicide in India.

 

As on some of his earlier foreign trips, Prime Minister Narendra Modi promised Israel, the host country, rich contracts for military hardware, in this case for joint development of medium range and long range surface-to-air missiles (MRSAMs and LRSAMs), and for off-the-shelf purchase of the Israeli Spyder Quick Reaction SAM (QRSAM) for the army.

 

The latest Consumer Price Index data show headline retail inflation hasdecelerated to a record low of 1.54% in June

 

The Goods and Services Tax (GST), which came into effect from July 1, is the most significant economic reform since liberalisation commenced in 1991, and envisages ‘a one Economic India’ which will lead to a more efficient and productive economy. It will also add 2.5-3% to GDP over the medium term.

 

After being in the making for nearly 17 years, the Goods and Services Tax regime rolled out on the midnight of June 30.

 


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Review
 
 
 
 
spotlight image Indonesia’s President Joko Widodo has confirmed his presence for the occasion. In an exclusive interview with INDIA REVIEW & ANALYSIS, Indonesia’s Ambassador to India, Sidharto R.Suryodipuro, reminded Nilova Roy Chaudhury that the first Chief Guest for India’s Republic Day celebrations, in 1950, w
 
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The words of Ho Chi Minh  “Nothing is more precious than independence and liberty” rang true for the people of the erstwhile East Pakistan when, with increasing brutality, the West Pakistani oppression spread across the land, writes Anwar A Khan from Dhaka
 
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In a significant boost to New Delhi's Act East Policy, India and Japan set up the Act East Forum on Tuesday as agreed during Japanese Prime Minister Shinzo Abe's visit to India this year for the annual bilateral meeting that would help to focus and catalyse development in India's Northeast.
 
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  United States Secretary of State Rex Tillerson reiterated on Friday Washington's warning that “all options are on the table” to meet North Korea's nuclear threat while offering to keep the lines of communication with Pyongyang open.
 
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The 15th trilateral meeting of the foreign ministers of Russia, India and China concluded in New Delhi on Monday with many nuanced takeaways embedded in the joint statement of 46 paragraphs. Reiterating that the forum “is not directed against any other country”, the statement underlined the importance of the establishment o
 
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The first thing that one sees when a flight approaches New Delhi is thick smog that envelopes the city and its lack of greenery.  In almost all other major cities of India lack of greenery is the most obvious sight that one sees when approaching it by air.
 
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Pakistan has agreed to allow the rupee to depreciate after holding talks with the International Mone­tary Fund (IMF) on the country's economy.

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

 
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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, ...

 
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Over the last 25 years, India's explosive economic growth has vaulted it into the ranks of the world's emerging major powers. Long plagued by endemic poverty, until the 1990s the Indian economy was also hamstrung by a burdensome regulat...

 
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Title: A Ticket to Syria; Author: Shirish Thorat; Publisher: Bloomsbury India: Pages: 254; Price: Rs 399

 
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Gorichen, a majestic peak in the Eastern Himalayas at an altitude of 22,500 feet, is the highest in Arunachal Pradesh. Beautiful to look at and providing a fantastic view from the top, it is extremely tough climb for mountaineers.

 
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It is often conjectured if the reason for long-standing conflicts and insurgencies, in the developing world, especially South Asia, is not only other powers fishing in troubled waters but also the keenness of arms industries, mostly Western, to...

 
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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