Economy and Business

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Ease of Doing Business: Importance of cooperative federalism

The World Bank’s latest ‘Ease of Doing Business’ rankings have come at the right time for Indian Prime Minister Narendra Modi since, in recent months, he has been widely criticized for his mismanagement of the Indian economy (especially the implementation of the Goods and Services Tax (GST), confusion with regard to multiple rates and the failure of demonetization to achieve its stated goals).

World Bank warning

In its own coded and diplomatic style, the World Bank has warned that the government’s growth story is now at risk given the scale of the macroeconomic imbalances growing within it.

Does anybody even care about the martyrs of demonetisation?

A year after Prime Minister Narendra Modi announced the ban on Rs 1000 and Rs 500 old banknotes, his government described demonetisation as a historic and multi-dimensional success.

Revolution that wasn’t

Revolutions are often paradoxical things. In the minds of the revolutionary, they conjure up images of radical change. But reality is more recalcitrant. It makes a fool of the revolutionary, exacerbating those very things that the revolution seeks to change. 

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Six new elephant corridors to protect natural nomads

Expressing concern over the increasing number of elephant deaths in India, an international organisation involved in the preservation and protection of these animals globally has stressed the urgent need for a comprehensive policy change in the country to arrest the rapid fall in elephant population.

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India’s growth trajectory predicated on structural reform

India’s ruling NDA regime will, no doubt, bask in the glow of regaining the world’s fastest-growing economy position according to the International Monetary Fund (IMF).

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