If news reports are to be believed, the Finance Ministry seems to be caving in to the RBI strategy to sell Public Sector Banks and is raising the limits of FDI in banks to 49% — thus virtually paving the way for handing the PSBs, which are at th
In the second of a three-part series on the Indian economy ahead of the presentation of the Union Budget, well-known commentator on political and economic affairs, S Gurumurthy argues that the Indian family’s instinct to save in banks rather tha
It’s that time of the year when ‘experts’ throw around intimidating economic jargon to ‘advise’ the government and ostensibly enlighten us all on what’s wrong with our economy. Starting today, we bring to you well-known commentator on
The way economists have made simple theories into complex mathematical equations has made monetary economics seem difficult to comprehend. Well-known economists, including Nobel laureate Robert Shiller and Prof Bradford DeLong, have already proteste
Magic 3% Three per cent Fiscal Deficit! This is a dream announcement any finance minister of India would love to make. Fiscal deficit is the excess of payments over receipts of the government. The quantum of fiscal deficit in budgets in Ind
All budgets are in a sense compromises with different stakeholders. Whether it is a housewife making budget for home or a Chief Finance officer for a company or Finance minister for the Government. The core issue is that expenditure is always larger
India’s economic growth for the financial year 2016 has been estimated at 7.6 per cent as compared with the revised estimate of 7.2 per cent in the previous year, aided mostly by growth in the manufacturing sector. However, the GDP growth for th
Memo to FM: An education bank, easy loans to India Uninc, tax breaks for savers – and my dog Since it is customary to give unsolicited advice to the finance minister in the run-up to the budget, here are some. In order to make it easy for
In the context of the strikes made against terror camps on the border of Manipur/Nagaland by the Indian Army; there has been number of discussions about national sovereignty and the role of individual States. Actually in the last few decades the acti
In a landmark decision, the Indian Government has given a green signal to the ambitious project of turning 100 urban centres spread across the country into smart cities ,the need for which has been vigorously espoused by the tech savy Indian Prime