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Economy and Business

Agriculture and industry must be unshackled so that they can create the millions of new jobs that this country needs. However, a hostile tax regime and Tughaqian firmans by quasi-legal bodies are putting a spanner in the works.

 

The Goods and Services Tax regime can be a game-changer that will propel India into the big league of developed nations.

 

Desi options, rooted in the economic realities of the day, are needed. HDFC and ICICI offer some interesting lessons.

 

To stay the course of fiscal discipline, Modi will have to stop routing subsidy via low prices and start making direct transfers to beneficiaries that need them the most. 

 

For India, the closer the rate gets to 17%, the greater is the possibility of losing competitiveness in global markets

 

The twenty-fifth anniversary this year of the launch of India’s economic reforms process has led to a celebration of sorts. Former Union Minister Jairam Ramesh has written an entertaining insider-account of it. Many in the Congress party who wouldn’t want to give P.V. Narasimha Rao credit for engineering the reforms have pushed the date back by a few years before his time as Prime Minister, seeking to ensure that Rajiv Gandhi would get all the applause.

 
During the recently concluded Ministerial level meet on Regional Comprehensive Economic Partnership (RCEP) at Laos, India officially communicated its position to consider a uniform yardstick for elimination in number of tariff lines. This is a significant shift from its earlier position of a three-tiered approach to tariff reduction. In return, India is pushing for liberalisation of trade in 120 services — an area in which it apparently enjoys comparative advantage over other members of RCEP.  
 

The Trans Pacific Partnership will hurt India’s trade with its most important export market — the US

 

The US could prevail in the solar and poultry cases only because our ministries did not coordinate their strategies.

 

Perhaps, stars are helping the Modi government in keeping inflation in check (due to low crude oil price); otherwise it would have been in financial troubles similar to what the previous UPA government was in, writes Susmit Kumar for South Asia Monitor.

 


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Review
 
 
 
 
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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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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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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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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