Editors Column
A recast of the Indian economy with innovative solutions is what chief economic advisor (CEA), Arvind Subramanian, has prescribed in the economic survey for 2016-17. Subramanian invoked Mahatma Gandhi and John Maynard Keynes in the same breath across the 319-page, single-volume survey to aggressively push his own formula of economic restructuring and expansion.
The government may introduce a scheme in this year’s budget under which small and marginal farmers will be given interest-free loan up to Rs 1 lakh. It is not the first time that the government is considering giving financial assistance to farmers.
Global free trade and the movement of service providers as we knew it, is dead. They have been Trumped. You can brand new American President Donald Trump a white supremacist, but he is doing everything that he promised in his election rhetoric. The gross judgmental error that the world is making is that it is deluding itself that the candidate and the President can’t be the same.
A Raj Bhawan is often the most lavish government house in any state. The prime real estate is nurtured and preserved on taxpayers’ money, even though the relevance of governor in a federal structure is increasingly under question.
Nostalgia comes calling, as the Indian Republic celebrated its 68th Independence Day as a sovereign nation after having freed itself from imperialist British rule after a protracted struggle. As the nation embarks on the next phase of its journey to economic prosperity, one has to objectively assess the good, bad and ugly prevailing in our society.
Finance minister Arun Jaitley and RBI will have to hasten their efforts to remonetise the economy, lift cash withdrawal limits make adequate cash available to revive the demand for goods and services.
Global trade will never be the same after President Donald Trump withdrew US from the 12-member Asia Pacific Rim nations conglomeration popularly known as Trans Pacific Partnership (TPP). Does this signify the end of the global free trade, as we know it?
For many years, successive governments have tried to develop commodity markets in India, but have failed to bring in transparency and have been unable to help genuine stakeholders in the commodities value chain. After the merger of the Forward Markets Commission and Securities and Exchange Board of India (Sebi), it did appear that some serious efforts were underway.
Donald Trump may have borrowed another popular tagline from India: Be Indian and buy Indian. After taking oath, Trump pushed for a deeply protectionist ‘buy American and hire American’ agenda. Protectionist postulations have given jitters to both the services and manufacturing industry in India especially information technology exporters and pharmaceutical companies.
For second year in a row, global elite has talked about artificial intelligence (AI), which is bound to disrupt our lives in near future. World Economic Forum's (WEF) annual jamboree at Swiss resort town Davos has been exercised about AI’s growing influence on how we live, do our businesses or even romance, express emotions and handle relationships.