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Economy and Business

A political and economic masterstroke would be for the Union budget to contain a basic income scheme for the bottom 50 percent — the poor and lower middle class

 
 

Demonetisation has not adversely impacted the rice procurement drive by the Food Corporation of India (FCI) and affiliated state government agencies so far.

Demonetisation has not adversely impacted the rice procurement drive by the Food Corporation of India (FCI) and affiliated state government agencies so far.

 

The focus of any sustainable reform of the taxation structure must be on reducing flows of tax evasion, not going after existing caches of black money

 

One of the most powerful and important institutions in any modern economy is its central bank or the monetary authority (as it is often referred to). In India, the central bank is the Reserve Bank of India.

 
Of late, there has been much concern expressed in business and political circles about the declining trend of Indian exports, after a period of steady growth. Focusing too much on fluctuations in the short run can lead to distortion; one needs to look at exports not at an arbitrary point in time but over a period of at least three to five years to gain perspective.  
 

The State Bank of India’s decision to cut its marginal cost of funds based lending rate (MCLR) by 90 basis points is a timely nudge to borrowers, especially given the sharp slowdown in credit growth in the current fiscal year.

 
The BHIM (Bharat Interface for Money) app has seen 5 million downloads since its launch on December 31, reports Shritama Bose in Mumbai. National Payments Corporation of India (NPCI) MD and CEO AP Hota told FE on Tuesday that the number of user registrations on BHIM so far is 1.5 million.  
 

It lacked concrete information and failed to address political corruption adequately

Prime Minister Narendra Modi rang in the new year in trademark fashion. His speech on 31 December was a grab-bag of sops leavened with oratorical flourish. Unfortunately, lost in the mix was its most anticipated element—concrete information on the currency-swap initiative.

 
 

Demonetisation has possibly been the single biggest policy brand this country has seen in 2016. It certainly was bigger than the GST from an impact perspective.

 

While digital transactions have seen a jump in several areas of commerce after the government announced demonetisation of R500 and R1,000 notes on November 8, the organised dairy sector hasn’t been left behind

  While digital transactions have seen a jump in several areas of commerce after the government announced demonetisation of R500 and R1,000 notes on November 8, the organised dairy sector hasn’t been left behind
 


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A Pakistani minister set the proverbial cat amongst India’s foreign policy establishment by announcing that Pakistan was thinking of constitutional changes to make Gilgit-Baltistan its fifth province.
 
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India is well on course to embracing the change brought in by the agent of change -- PM Modi, writes Sanjay Kumar Kar for South Asia Monitor.  
 
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To build a better future for all, the government in Dhaka will have to think about how to ensure inclusive education for all in the country, writes Minhazur Rahman Rezvi for South Asia Monitor.
 
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In Dutch politics, alliances are imperative to construct an administration. The post-election government formation is, therefore, a slightly time-consuming process. In due course, a coalition led by the incumbent Prime Minister, Mark Rutte, will surface.  
 
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Japan is a special country in several ways. For centuries, it remained isolated and disconnected with the outside world. But once it opened itself up to the West with the Convention of Kanagawa in 1854 by the use of force by Commodore Matthew Calbraith Perry of the United States Navy, Japan has never looked back. Japan is a spe
 
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Recently, under the leadership of Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al-Saud, and earlier under the late Custodian of the Two Holy Mosques, King Abdallah bin Abdul-Aziz Al-Saud, Saudi Arabia has rolled out a series of women-friendly initiatives.  Recently, under the leadership of Custodian of the
 
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spotlight image Arun Jaitley, with his legal and political acumen, is the best bet for Narendra Modi after Manohar Parrikar, who could also understand technological as well as financial demands of the defence ministry.           
 
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India remians the inflexible bête-noir for Pakistan, yet there are few books by Indian authors that have sought to interpret the prodigal neighbour in a holistic, informed and empathetic manner.

 
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The line that Mortimer Durand drew across a small map in 1893 has bled the Pashtun heart ever since. More than a century later both sides of that line remain restless. But the mystery behind what actually happened on 12 November 1893 has never ...

 
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What went wrong for the West in Afghanistan? Why couldn't a global coalition led by the world's preeminent military and economic power defeat "a bunch of farmers in plastic sandals on dirt bikes" in a conflict that outlasted b...

 
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What will be Pakistan's fate? Acts of commission or omission by itself, in/by neighbours, and superpowers far and near have led the nuclear-armed country at a strategic Asian crossroads to emerge as a serious regional and global concern whi...

 
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Some South African generals, allied with the British forces, sought segregation from the enlisted men, all blacks, after being taken prisoners of war. The surprised German commander told them firmly that they would have to share the same quarte...

 
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