Indian-Economy

The Railway Budget – a requiem

The Indian Railways (IR) is a behemoth employing 1.3 million workmen, lifting more than 1 billion tonnes of freight annually and carrying 24 million passengers in its 12,000 passenger trains each day.


NW1 is economically viable, without increasing tariffs

It took 18 months to prepare the detailed study. Now, we are constructing three multi-modal terminals with railway and road connectivity at Varanasi, Sahebgunj and Haldia


The politics of demonetisation

The Prime Minister has repeatedly offered the trope of nationalism so that anyone opposing demonetisation is denounced as corrupt and anti-national


Centre says GAAR effective April 1, industry demurs

The Centre has reiterated that the General Anti Avoidance Rules – aimed at curbing tax avoidance – will come into force on April 1, ignoring industry’s suggestion to defer the rules on account of unce


Drought and demonetisation impact rural economy

Fewer farmers have taken short-term crop loans through PACSS this year


WTO pact set to lift world trade by $1 tn. in Trump era

A trade accord that will boost global exports by $1 trillion should come into force within two weeks, the head of the World Trade Organization said, just as the rhetoric of U.S. President Donald Trump clouds the outlook for global trade.


Make in India, add value in Ireland

Until a few years ago, Indian firms had only a small footprint in Ireland, but that has begun to change as the EU nation has made a concerted effort to attract businesses - particularly from the IT, p


Soon, group housing scheme with PF funds

“We are proposing a group housing scheme against an individual scheme at present and expect a good response for building houses,” Mr Joy said.


Panel defers decision on Apple’s plans

An inter-ministerial panel took up the proposal of U.S. multinational technology major Apple to start full-fledged manufacturing operations in India but did not take a final call on the matter, offici


Budgeting for the elections

The suspense over the timing of the Union Budget for 2017-18 finally ended on Monday with the Election Commission and the Supreme Court scotching calls


India hopes for $75-bn infra fund from UAE

India and the UAE are expected to announce more than a dozen agreements as they spell out their strategic partnership on Wednesday


‘Banks may cut deposit rates by about 125 bps in 6 months’

Banks are likely to cut deposit rates by about 125 basis points (bps) over the next six months due to the increase in their deposit base in the aftermath of demonetisation


The price of fiscal folly

Borrowing to distribute for consumption is to be guarded against. When — as now — the government has debt outstanding, launching the universal basic income would amount precisely to that


India rejects attempts by EU, Canada for global investment agreement

The ISDS mechanism has become contentious as it permits companies to drag governments to international arbitration without exhausting the local remedies


Give renewable energy zero-rate status under GST: Ministry

The Ministry of Power has recommended that renewable energy be given a zero-rate tax status under the Goods and Services Tax, predicting several adverse effects to the economy if there was any increas


When the Budget starts with a subsidy and deficit

For four years, the printed copies were sold at cost, but the trend changed last year


Curbs on outsourcing may hit U.S. economy: Nasscom

The premier trade body plans to take a delegation to the U.S. in February in an attempt to reach out to the Trump administration


Rebooting disinvestment

To gain some perspective on the Centre’s decision to divest 25% of its stake in five public sector general insurers, consider these numbers.


Centre awards Rs. 60.9 crore as prize money for digital payments

The Centre has so far awarded Rs. 60.9 crore as prize money to over 3.81 lakh consumers and 21,000 merchants under its two lucky draw schemes – Lucky Grahak Yojana and Digi-Dhan Vyapar Yojana


Focussing on the marginal farmer

Our farm equipment policy needs to be retailored with a focus on manufacturing farming equipment that is currently imported