Brexit and Donald Trump\’s election as US president signify deep structural issues that cannot be resolved by curbs on migrants, imports or any quick fix. The ele phant in the room is falling Western productivity .This means slower growth, which […]
Global headwinds will drag us down to 6-7% GDP growth Read More »
If banks are the heart of an economy , India has a hole in the heart. Up to 20% of public sector bank loans are impaired. Chief economic advisor Arvind Subramanian says India is being held back by a “twin
Vendettas enlarge the hole in India\’s economic heart Read More »
If banks are the heart of an economy , India has a hole in the heart. Up to 20% of public sector bank loans are impaired. Chief economic advisor Arvind Subramanian says India is being held back by a “twin
Vendettas enlarge the hole in India\’s economic heart Read More »
On TV , I rated the budget at just 5.5 out of 10, even though the Sensex zoomed 486 points. It zoomed not for what was in the budget–like higher capital and rural spending -as what was not. It did
SWAMINOMICS – Broken pledges, lost chances spoil budget Read More »
Last week, the International Monetary Fund estimated that India\’s GDP in 2016-17 would be 1% less than earlier expected, thanks to the disruptions to demand and supply caused by demon etization (henceforth DM). This was double the earlier estimate of
SWAMINOMICS – Trump\’s no ally of India, handle him with care Read More »
Last week, the International Monetary Fund estimated that India\’s GDP in 2016-17 would be 1% less than earlier expected, thanks to the disruptions to demand and supply caused by demon etization (henceforth DM). This was double the earlier estimate of
SWAMINOMICS – Trump\’s no ally of India, handle him with care Read More »
Last week, the International Monetary Fund estimated that India\’s GDP in 2016-17 would be 1% less than earlier expected, thanks to the disruptions to demand and supply caused by demon etization (henceforth DM). This was double the earlier estimate of
SWAMINOMICS – UP win? Modi may not have done enough Read More »
The era when liberal democracy triumphed over fascism and communism may have ended in 2016, with Brexit and Donald Trump’s election as US President. Voters across the globe hve rebelled against a liberal democratic system that no longer meets their
The ongoing power struggle between Ratan Tata and Cyrus Mistry to control sundry Tata companies should not distract attention from a more fundamental question. Should charitable trusts, which are exempt from income tax, be allowed to hold large (and often
Charitable trusts shouldn’t control big biz houses Read More »
Authoritarian leadership, big corruption, and endless freebies for the masses. These were the hallmarks of Tamil Nadu chief minister Jayalalithaa (popularly called Amma) who died last week. In this week of mourning, she has been praised by even her bitter
Don’t eulogise Amma for her freebie politics Read More »
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