The Economic Times

Bank nationalisation was an economic failure, but a smashing political success Swaminathan S Anklesaria Aiyar The 50th anniversary of the nationalisation of big banks by Prime Minister Indira Gandhi has attracted limited comment. Some critics call it a terrible economic […]

France shows the way in taxing digital giants and presenting a united front to the US France has enacted legislation to tax digital giants like Amazon and Facebook on their revenue, not profits. India — which levies a 6% tax

There are technical weaknesses in Subramanian’s claim of 4.5% growth Last week, former Chief Economic Adviser Arvind Subramanian claimed in an Indian Express column (bit.do/ eVn2A), based on his new research paper, that GDP growth in 2011-16 was only 4.5%,

Why did rising unemployment not hurt Prime Minister Narendra Modi? The latest National Sample Survey Office (NSSO) report shows that unemployment has risen to a record 6.1% in 2017-18, almost triple the 2.2% in 2011-12. NSSO claims this is partly

Farmers — not activists — prove the case for genetically modified brinjal Haryana has cracked down on genetically modified (GM) brinjal (eggplant). This variety passed field trials back in 2009, but was stalled by alarmist activists, who bludgeoned a timid

We, the people of India, are all Africans, Harappans, Steppe Asians and more While BJP trumpets Hindu nationalism in its election campaign, the question, ‘Who are we?’ has been answered brilliantly by Tony Joseph in a new book, Early Indians:

Tax vehicle entry into cities to fund metro rail expansion and lower pollution Traffic congestion and pollution in major Indian cities have become unbearable. The two are connected. When road jams occur, and a journey takes an hour instead of

A case for a minimum alternative tax on revenues, not on profits Few would believe that the International Monetary Fund’s (IMF) managing director, Christine Lagarde, would ever call for developing countries to increase taxation of multinational corporations. She has done

Ten million farmers have received their first instalment of ₹2,000 under the PM-Kisan scheme, and will receive ₹6,000 in a full year. Meanwhile, Rahul Gandhi has promised a minimum income for all if elected. Many experts believe India is on

RBI needs to calculate and monitor public sector borrowing requirement After the interim budget, economic experts on TV bemoaned the smoke and mirrors that cloak the true extent of the fiscal deficit. The Comptroller and Auditor General (CAG) recently castigated