Fiscal policy is a potent instrument that must be used to alleviate the unemployment crisis, but first, supply-side constraints need to be systematically united.
The July forecasts had pegged the 2017 growth at 7.4% and 2018 growth at 7.6%.
The rupee was at 65.3275 to the dollar after falling to 65.3550, its lowest since March 24.
Terms of reference of the EAC would be to “analyse any issue, economic or otherwise, referred to it by the prime minister and advising him thereon,” an official statement said.
With the ripples of demonetisation and a poorly-designed GST spreading economic distress, voters will assess the promise of Narendra Modi’s ‘New India’ in due course.
Nearly 50% of the $44 billion that came in as foreign direct investment inflows in 2016 went towards brownfield projects.
Latest news updates from the world of work.
Growth slowed to a three-year low of 5.7% in the quarter that ended in June, and finance minister Arun Jaitley has said that the government is looking for ways to speed it up.
The cashless future that demonetisation promised never came, and many in rural Marathwada scoff at the idea.
Adversaries need to recognise that India’s cyber capabilities – and its intent to act on them – will be enough to overcome any cyber-attack or border provocation they launch.
The regulatory body should terminate interconnection usage charges completely by 2019 instead of 2020, encouraging operators to turn the new disruption into an opportunity to meet Digital India goals.
While arguments over methodologies and calculations will find its way to the courts, the telecom regulator believes that symmetry in tariffs will bring about symmetry in traffic.
Public-spiritedness does not always require self-sacrifice or deep ethical thinking, though ethics, of course, can help.
Asian countries must take steps to rationalise tax competition and build cooperation on tax matters, both at the regional and the global level.
The promise of BRICS was that it would usher in a new approach to development. But after meeting annually for the last nine years there’s no sign that the old order has been challenged.
Vinod Dua discusses why Arun Jaitley had to finally admit that the economy has slowed down and why gold imports have tripled compared to last year.
Of the 30.67 lakh candidates who had been trained or were undergoing training across the country in June 2017, only 2.9 lakh received placement offers.
Public investments across all industries, with a policy focus on increasing female labour force participation, can go a long way in improving India’s economic growth performance.
For megacities, it’s time to start planning for a disrupted future.
While food, housing and petroleum inflation all played a role, a SBI research report also notes that the inflationary impact of GST may have been than what was expected.
It is puzzling that India’s political parties, which swear by the motto of poverty alleviation, have yet to properly implement any system of progressive personal income taxation. Thomas Piketty and Lucas Chancel, in their new paper ‘From British Raj to Billionaire Raj?’ have pointed out that the share of […]
The Goods and Services Tax (GST) is awfully complex and has confused not only businesses and the public, but also the government.
Several farmers and union leaders were arrested or detained ahead of a planned farmers’ protest in Chhattisgarh and Section 144 was imposed in three districts.
To restore confidence, better governance, rather than any additional fiscal push, is the need of the hour.
State governments are building land banks, using both private and common lands, to attract investment in manufacturing and infrastructure, but at the cost of people’s rights.
You are the mask you wear. Your fake profile is your real profile.
The big worry is that economic growth, which slipped to a three-year low in the last quarter, could take a further hit if public spending is slashed.
India’s crowded digital payments market is expected to grow ten-fold to $500 billion by 2020.
From ruling out competitive bidding to fighting against low-cost airlines, there are many economic factors that will determine the success of the project.
India aims to double the value of exports to $900 billion by 2019. Given sluggish global demand and our own export slump, there is no way that this objective can be achieved.
Karthik Shashidhar’s ‘Between the Buyer and the Seller’ lacks depth and force-fits simplistic versions of theories to complex real-life situations.
The regulatory spat between the DGCA and MHA is good for the future of drones in India, leading, as it hopefully will, to a holistic framework and not a blinkered approach.
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The first phase of the UP government’s much-hyped crop loan waiver has turned into another farce for farmers.
The 2007-08 financial crisis affected the world’s advanced economies in profound ways and the ripple effects continue to today.
The widening of the year-on-year deficit was primarily due to a larger increase in merchandise imports relative to exports, the RBI said in its release.
The only question that remains with regard to the bullet train project is whether the new team lead by Piyush Goyal and Ashwani Lohani can deliver.
Over 50 years, the loan repayment value will be much higher based on the inflation differential, which is bound to persist between Japan and India.
An internal NCPI-commissioned study shows that BHIM and BHIM-Aadhaar are being weighed down by implementation and design issues in semi-urban and rural areas.
While international prices have fallen sharply from an annual average of $105 per barrel in 2013-14 to $46 per barrel in 2015-16 and 2016-17, the Centre has hiked excise duties on petrol and diesel over nine times.