Economy

The indirect taxes are likely to come down as preparation for GST roll out begins. But the GST in reality will not be one tax but a combination of many taxes and cess. The rates also will not be one. The GST Council has decided on a…
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India remains one of the fastest growing emerging market economies driven by key structural reforms, normal monsoon and reduced external vulnerabilities. The Q3 GDP estimates of 7 percent growth indicate that the key domestic risk of…
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The GDP is growing. The rate has been differing with different agencies. All, however, remains, around 7 percent – plus minus 0.25 to 0.5 percent. The latest central statistical office (CSO) figure of 7 percent is within the range. It is…
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Consumer Protection in the light of new IT interventions One of the mandates of the Department of Consumer Affairs in the Government of India is consumer advocacy. The Department is laying greater emphasis on consumer education and working…
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Pay Digital and Win Prizes! As India moves towards a digital and cashless economy, the Government announced on 15th December, 2016 two schemes Lucky Grahak Yojana and Digi-Dhan Vyapar Yojana to give cash awards to consumers and merchants…
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The Reserve Bank has been sanguine in not changing the interest rates amid clamour from depositors to raise it and industry to reduce it. The monetary meet also noted that there might be some drop in the GDP growth because of…
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BRICS has emerged at a time of increasing social unrest in different societies due to economic disparities, development induced displacement and rising unemployment.  Consequently, there appears some orientation in BRICS for sustainable…
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Considered to be the backbone of any economy, India’s power sector has never witnessed reforms as it has in the past two years. Not that reforms in the power sector were not talked about in the past but they somehow failed to take flight…
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Prime Minister Narendra Modi has virtually broken from the past and ushered in a new economy. The NDA government has allowed 100 percent FDI in defence, civil aviation, greenfield pharmaceutical projects, broadcasting carriage…
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The Rs 80,000 crore pay hike bonanza to central government employees is to benefit about one crore employees and pensioners. It would not end here the states also have approximately the same number. So another Rs 80,000 crore…
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India has the capacity to be a $ 5 trillion economy from today’s $ 2 trillion. Finance Minister Arun Jaitley is right in his assertion. But we need to change the course. Economic reform is a confusing word. It now means increasing…
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It is not easy to manage a bad economy that a government inherits. The NDA government is afflicted by this heritage. The economy was infested with severe problems, siphoning of funds, scams, high bank NPAs, monopolized markets and…
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The stupendous victory of BJP in Assam is indicative of the people endorsing Prime Minister Narendra Modi’s economic programmes. The hope he had kindled is reflected in the mandate. Merely to say that the results were due to…
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The world economy is in disarray and increasing productivity is a herculean task, says the UN s Economic and Social Commission for Asia and the Pacific (ESCAP) said in its annual report Economic and Social Survey for Asia and the…
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Savings is being disincentivised and loot of public money is being condoned and incentivised. Lower interest rates on deposits are direct invitation to the loot by the biggest. Indian banks are following the western pattern of robbing…
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India has the highest growth in the world at 7.6 per cent boosted by government spending, says the Economic Survey 2015-16. It has come out as a blatant admission that Manmohanomics could not make any difference to private sector dependence…
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Mark Zuckerberg should spend $45 billion on undoing Facebook’s damage to democracies Facebook chief executive Mark Zuckerberg has announced that he wants togive away $45 billion. I’m sure he needs some advice on how to spend it.…
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Indian economy is on a roll. Stocks are crashing, rupee touches critical level, infrastructure projects rob bank deposits and banks are writing off large loans and reducing interest rates. It hits the common man. Everyone plays with his…
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... as they wait on the runway for the economic takeoff the Modi government promised but failed to deliver The seatbelt sign has been on for more than a year. In his budget speech, Finance Minister Arun Jaitley had asked the crew to…
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India emerged as the fastest growing large economy in 2015 and a possible regional leader. Modinomics is doing some wonders for paving a possible faster growth in 2016. The positives have come from large promises of FDI from…
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The government remains the best employer. The seventh pay commission increase of salaries by 23.5 per cent testifies it. It benefits approximately two crore people – less than two per cent of the population - working with the…
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High unaffordable prices, endless wait, incomplete houses and unprofessional attitude is leading the Indian real estate losing people’s trust. It is affecting the economy in many ways. The worst sufferers are public sector banks…
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It was 1980. Two friends of mine, a German and a Japanese, had come, on a visit to Delhi. I took them to a consumer fair being held at the Pragati Maidan, the national exhibition ground. After visiting various stalls…
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Indian economy is through a see-saw game. The GDP growth at 7 to 7.5 percent may not be high but it is not low either. But why the impact of that is not visible in the overall situations? The macro numbers do not fit well with the…
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India’s consumer market is making it a lucrative destination for the foreign direct investment (FDI). In a shrinking world investment, India has been one of the four fastest growing destination countries for FDI in 2014 and is…
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