Wednesday, February 8, 2023

Columnist

An ode to Grandpa Ambassador

Mister Ambassador was rightfully mine and I always dreamt of driving it someday. There was always a contract in my head that was signed to me from my Dad that I've gotten authority over it. My beloved car hardly moved and I...

Cash to rewind small biz

G0G0VT IN Rs 155 tr DEBT, CORP GETS WRITE-OFFs The government must come out of the perils of cycle of debts to ensure growth amid high multiple taxes and little corporate investment. The large houses get sweet pill of Rs...

Malaria needs $ 80 bn fortune

RAINS, CLIMATE MAY DELAY 2030 GOAL Dreaded malaria can make a comeback amid global warming-heavy rains and need three times more allocations a year. India suffers a severe economic hardship, wage and production loss as it accounts for 83 percent...

Pricey Russia cuts LNG, wants Dirham

The unstable world energy market, volatile prices, uneven supplies may have repercussions on India’s energy security. The first hit is the GAIL LNG deal followed by Russian demand for payment in UAE dirhams converted in dollar terms.The GAIL’s troubles...

Rupee squirms for global leap; neighbours key to the dream

The Rupee is on at least an 11-year-journey in its quest for quasi international status even as it slides below record 80 to a dollar. The Reserve Bank of India circular is testimony of an anxiety for raving up...

Indian army’s ‘tour of duty’ is a sound plan

The Indian government is considering a proposal to introduce the “Tour of Duty (ToD)” scheme, under which soldiers will be recruited only for three to five years. The model is somewhat similar to the short-service commission that allows officers...

How India can meet its power needs and energy transition goals

Inherent contradictions have long tangled the wires of India’s power sector, adding vulnerability to the Indian economy, and its commitment to clean energy.To be sure, the government has drawn up an aggressive roadmap for the transition to clean energy....

Rupee gets RBI crutches

$ 305 tr global debts sustain GDP mirage The RBI takes crash steps to arrest the decline of rupee against dollar by boosting foreign exchange inflows amid growing current account deficit and simmering inflation, a difficult prescription.Even the British pound...

Economy, politics fluid High GST, levies on gold, banks shoot up prices

The economics and politics are becoming difficult. If the change of government in Maharashtra is for an ideology, how Arrey Colony metro depot and a water project take precedence over everything else to get a clearance. Similarly higher taxes...

Why is rupee falling and how will it impact the Indian economy?

The Indian rupee has been on a downward spiral for the last few days and on Wednesday, it hit a record low of 79.03 against the US dollar. This has sparked a debate among analysts about whether the domestic...

Cooperatives build a better world

2nd July is the International Day of Cooperatives When we are united and work together then there is always more possibilities of achieving success than working individually. When it comes to team work and people centric association then we hear...

FPI bleeds Rs 2.71 lakh crore, LIC, MFs risks soar in shaky market

The US deep recession, Federal Bank rate hikes, European Union uncertainties and Russia-Ukraine war are bleeding stock markets of Rs 2.71 lakh crore in eight months posing severe challenge to Indian economy risking public deposits.If the western economies slip...

Markets tumble with Himalayas ravaging NE, U’Khand

Gigantic Himalayan tragedies rock and destabilise the Indian economy as development becomes fad. The 15.9 percent wholesale inflation, stock sensex crash by 2931points in a week, rupee below 78, prolonged heat wave, low wheat yield, millions of tree felling...

World woes long-term : World Bank

Stagflation looms, rate hike not enough The Monetary Policy of the RBI raising key policy interest rates by 0.5 percent to 4.9, the second in five weeks indicates further tightening and also raises the question how for the last over...

India’s trade with USA better than with China

The Indian economy is growing; GDP numbers are improving so are tax numbers, exports and a supposed wonder shows India having better trade with the US than China.The numbers are interesting – GDP growing at 4.1 percent in the...