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Economy and Business

Shock therapy can work, even in India, but not without leaving some burn marks. The World Bank’s latest India Development Update attempts to make another assessment of the impact of the Narendra Modi government’s demonetisation experiment.

 

 

Finance minister Arun Jaitley has made a lucid and compelling case for why the government should divest stake in Air India.

 

India’s large information technology (IT)services companies could fire around 56,000 employees this year, Mint reported in early May . That’s double the number they usually fire, the report added.

 

Einstein said that if you judge a fish by its ability to climb a tree, it will live its life believing it is stupid.

 

Last week the environment ministry introduced rules to regulate cattle trade which will effectively kill the buffalo meat industry.

 

As he completes three years as India’s Prime Minister, one thing that Narendra Modi has successfully put on the nation’s agenda is the elimination of the black economy through his controversial November 8, 2016, demonetisation drive.

 

A report in ET by Sugata Ghosh shows how income-tax sleuths have unearthed a case of large-scale money laundering through a multi-state urban cooperative credit society’s account.

 

India moved a step closer to its tryst with financial destiny with the GST Council slotting thousands of products and services into the five different tax slabs.

 

Employment growth at 8-year low, tough times ahead for the young

 

Prime Minister Narendra Modi’s long-drawn-out effort to tackle the desire for gold does not seem to be bearing fruit. India’s gold imports witnessed a huge jump in April, increasing threefold to $3.85 billion from $1.23 billion in April 2016. In March, the jump driven by jewellery demand was even higher as gold imports stood at $4.17 billion, compared to $974 million a year earlier.

 


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spotlight image Since Prime Minister Sheikh Hasina assumed office again in Bangladesh in 2009, bilateral relations between New Delhi and Dhaka have been on a steady upward trajectory.
 
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Senior representatives from the US, China, Pakistan and Afghanistan met in Muscat, Oman, on Monday to revive stalled peace talks with the Taliban, but the insurgent group failed to participate in the meeting being held after a year.
 
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Ruskin Bond’s first novel ‘Room on the Roof’ describes in vivid detail how life in the hills around Dehradun used to be. Bond, who is based in Landour, Mussoorie, since 1963, captured the imagination of countless readers as he painted a picture of an era gone by.
 
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India’s foreign policy under Prime Minister Narendra Modi has attained a level of maturity which allows it to assert itself in an effective manner. This is aimed at protecting the country’s national interests in a sustained way.
 
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Braid-chopping incidents have added to the already piled up anxieties of Kashmiris. Once again they are out on the streets, to give vent to their anger. A few persons, believed to be braid-choppers were caught hold by irate mobs at various places. They were beaten to pulp.
 
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Communist parties everywhere gather the ranks every five years to review the past, set future direction, renew political leadership and rejig organisational structure.
 
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In a move lauded worldwide, King Salman bin Abdulaziz Al Saud recently issued a royal decree allowing women to obtain driving licences.
 
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The death toll from Saturday’s twin truck bombs in Somalia’s capital Mogadishu has crossed 300.
 
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On “Defining Our Relationship with India for the Next Century”
 
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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

 
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Could the North Korean nuclear issue which is giving the world an anxious time due to presence of hotheads on each side, the invasion of Iraq and its toxic fallout, and above all, the arms race in the teeming but impoverished South Asian subcon...

 
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Title: A Bonsai Tree; Author: Narendra Luther; Publisher: Niyogi Books; Pages: 227 Many books have been written on India's partition but here is a firsthand account of the horror by a migrant from what is now Pakistan, who ...

 
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As talk of war and violence -- all that Mahatma Gandhi stood against -- gains prominence across the world, a Gandhian scholar has urged that the teachings of the apostle of non-violence be taken to the classroom.

 
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Interview with Hudson Institute’s Aparna Pande, whose book From Chanakya to Modi: Evolution of India’s Foreign Policy, was released on June 17.

 
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