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Economy and Business
As India achieves a high rate of GDP growth, the highest in the world, will inequality of incomes be reduced? The Gini coefficient that measures inequality has risen from 45 per cent in1990 to 51.4 per cent in 2013 (coefficient of 100 signifies maximum inequality and 0 means perfect equality).   
 
These are sombre times for the department of industrial policy and promotion (DIPP). Two years ago, it had been tasked by the prime minister to haul India’s Ease of Doing Business rank from 142 to the top 50. However last week, when the World Bank declared the latest rankings, India limped up only one spot from last year to 130.  
 
The root of the Indian patent system lies at the heart of the British colonial administration. With the coming of the World Trade Organisation (WTO)-Trade Related Aspects of the Intellectual Property Rights (TRIPS) in 1995, the Government of India had to bring massive changes to its original patent law of 1970.  
 
The World Bank’s Doing Business ranking has unnerved many in the power corridors of Delhi. India’s ranking of 130 out of the 190 countries surveyed, paints a dismal picture.   
 

The problem with multiple rate categories is that it complicates the structure, adds to both administrative and compliance costs, leads to classification disputes and opens up avenues for special interest groups to lobby for lower rates

 

Regulation — which is based on force and fear — undermines the moral base of business dealings,” said Alan Greenspan, American economist (former chair, Federal Reserve of United States)

 
India is understandably piqued at having moved up just one place, from 131 to 130, in the World Bank’s annual ease of doing business rankings (drawn up after assessing performance with respect to 10 factors) over the last year.  
 

The Indian government was able to take some bold measures. In the early months of 2015, it further opened up the insurance sector by allowing up to 49 per cent FDI. It also opened up the coal industry through the passing of the Coal Mines (Special Provisions) Bill of 2015 writes  Sudip Bhattacharyya for South Asia Monitor

 
The protection of the Geographical Indication (GI) in India comes under the purview of the Geographical Indications of Goods (Registration and Protection) Act 1999, known as the GI Act. However, the Act came into force on September 15, 2003.  
 

Some critical issues are pending before the GST Council for a final decision. Comments have been made in the public space with regard to two of these issues. Even though the final decision with regard to these two issues is yet to be taken by the GST Council, the rationale behind the proposals placed before the Council needs to be explained.

 
 


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Review
 
 
 
 
China is yet to reciprocate to India’s territorial concerns on China-Pakistan Economic Corridor'
 
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The possibility of a Taliban attack targeting Emirati officials is not going down well with analysts writes Monish Gulati
 
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Since late 2015, cultural and political issues have strained relations between the two countries with anti-Indian sentiment growing amongst the government and people of Nepal, writes Dr. Binodkumar Singh for South Asia Monitor.  
 
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A bunch of years ago, the problem was a declining state. Across swathes of social, economic and security interventions, the state was in retreat.  
 
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It will also feature glimpses of Indian traditional, folk and tribal art such as Gond, Madhubani and Pattachitra paintings.

 
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spotlight image So the lady’s not for turning. Well, we knew that, didn’t we? Brexit means Brexit, no “partial membership”, no “half-in, half-out”. This was the section of Theresa May’s speech most heavily briefed in advance – but still gloriously welcome to the hard Brexiteers when she finally uttered t
 
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spotlight image It is unfortunate that Taiwan has a neighbor across the Taiwan Strait that wants to annex it, but, even more frustrating, Taiwanese also have to put up with people who echo China’s rhetoric and intended to intimidate Taiwanese into obedience.
 
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Read the transcriipt of UN Secretary-General's End-of-Year Press Conference, held in New York on December 16, here...
 
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spotlight image It is wrong to look only at Israel while fighting rages across the Middle East, writes the former Shin Bet chief.
 
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When is a scam not a scam? The short answer obviously would be, when it is approved by the Government in power. But then, the question arises: Is that necessarily true?  
 
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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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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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