'Bollywood's 'no prisoners taken' honesty comes as a big surprise.' 'I cannot think of a single judge, politician, sportsperson or bureaucrat being so forthright in their opinion of their contemporaries,' says T C A Srinivasa-Raghavan.
India has remained obsessed with cheap capital and infrastructure spending when instead the central constraint on Indian development remains the abysmal quality of Indians' skills, says Mihir Sharma.
The world's largest cash transfer programme has eliminated around 40 million ghost connections
For India, struggling for competitiveness, the current rupee overvaluation in terms of real effective exchange rate is a genuine constraint.
In part four of a series, Arbind Modi & Arvind Subramanian explain how scrapping the exemptions for the countervailing duty will eliminate the negative protection facing Indian manufacturers
Capex for next year expected to be up 25% to Rs 3 lakh crore
Modi govt faces extra spending burden due to policies like 7th Pay Commission and OROP
After the 2019 election, one thing is sure: GST will see a number of changes, explains Indivjal Dhasmana.
Three years after the prime minister's election promise that his government would create 10 million jobs, the emerging picture is not pretty. Employment HAS TO take on a critical status in the government's agenda, says Shyamal Majumdar.
Their research paper on aid by rich nations got leaked
We could be on the brink if our export industries actually start losing jobs, says Shreekant Sambrani.
Economists have cautioned that any deferment of the government's fiscal goals would prove counter-productive and raise the interest payment burden.
Cong leaders speak in two voices but final stand may be decided at a meeting headed by Rahul Gandhi next week
Jean Dreze, a noted economist who was was a member of Sonia Gandhi led National Advisory Council, was dropped from the list of speakers at the Delhi Economics Conclave organised by the finance ministry and inaugurated by Prime Minister Narendra Modi.
Improved performance of manufacturing, services and trade sectors helped boost GDP
He was most recently credited as one of the brains behind labour law reforms in Rajasthan
The flawed response to the crisis has fed a us-vs-them mentality in which the banker, the expert, the coastal entrepreneur, the immigrant, the foreigner are all villains. The crisis was not that much of a problem; the response -- the over-reaction, the sovereign debt build-up and the lasting anger -- is the problem, says Mihir S Sharma.
The Indian economy was on an impressive growth path through the first decade of this century till it was brought to an abrupt halt by the policy inertia during UPA2 and the Modi government's inability to restore economic and financial momentum. Fascinating glimpses of what went wrong from Puja Mehra's must-read book The Lost Decade: How India's Growth Story Devolved Into Growth Without A Story.
The meeting will focus on how to make the crisis an opportunity for India.
'Poor home work, and a subsequent loss of nerve.' 'This sums up the Modi government's current travails, the stall in key sectors, fading momentum, irritability,' points out Shekhar Gupta.
Total debt for listed Indian companies excluding financials fell only 4 per cent to $368 billion in the year ended in March 2015.
Infrastructure and inflation targeting are expected to be top priorities for the new Reserve Bank of India governor, says A V Rajwade.
Markets ended higher for the second straight session mainly on the back of upbeat corporate earnings.
To cover most of the gap, the road ministry plans to raise $7 billion.
India likely to overtake China on strong GDP growth.
'Swamy's crash-landing carries a message to all loose cannons.' 'Get your rants vetted by someone higher up in the party so that you are not left high and dry,' says Amulya Ganguli.
Top Congress sources said they would not hold up the Bill.
Finance ministry's drive is meant to meet fiscal deficit target and improve overall efficiency in government spending.
'What is bank recapitalisation? When the rich take loans and do not return and the government returns that money to the banks.' 'What is restructuring 5:25 scheme? The government says don't return now, just tell us you will return after five years.' 'Why don't we apply these schemes to farmers?' 'I want to increase the power of farmers to blackmail the government as everyone in the country has the power to blackmail.'
Room for rise of up to 2 percentage points, move to help meet higher expenditure need in FY17
For several years the Chinese authorities have been taking steps to internationalise the use of the yuan.
Grains, non-mineral water might be on the list; biscuits, butter and cheese might attract GST
A government can't just take away public money, and the RBI can't extinguish its liability. 'The RBI has to honour the value any time a person with legal and taxed money lays claim on the value.'
Apart from cotton, copper, petroleum and industrial machinery, India does not export much to China. This means that India buys six times the merchandise it sells to China, points out Abhishek Waghmare.
'It is clear that Prashant Kishor will be nowhere near repeating his earlier massive wins.' 'Nonetheless, he deserves at least two cheers for having the guts to take on such a challenging task.'
The Confederation of Indian Industry will organise a round table on investment.
Trade enhancement is not about lowering tariff barriers, but dismantling such regulatory barriers.
'The time has come to incorporate Indian sociology into economic policy.' 'The first step in that direction would be to listen to economists trained in India and not just the US and the UK, argues T C A Srinivasa-Raghavan.
Economist Arvind Panagariya has also argued for loosening deficit targets to boost capital spending
His view will be shaped by his perception of US world interests and India's economic performance relative to China.
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