Wake up; it’s time to face reality. Economic growth will at best touch 5 per cent. Government spending will be tepid and only a sharp decline in oil price could give the government more elbow room. The infrastructure spending of Rs.100 trillion in the next five years or the $5 trillion economy in the next […]
As the new government assumes power, there is quite an agenda it requires to address to put the economy on track. The pressure of elections has at least set the pace for delivery on the ground. Schemes announced and then monitored through PRAGATI and other mechanisms were planned to benefit all segments of society. Their […]
On June 25, exactly a year after the Smart Cities Mission was launched, Prime Minister Narendra Modi launched 84 projects from 20 selected cities that collectively aggregate to Rs 2,000 crore. Standing on stage along with the Union Minister of Urban Development, the Chief Minister of Maharashtra, and the Union Minister for Environment, with the […]
Never before have the rains mattered so much for the corporate sector as this year -despite all the efforts of a hard working government that has just completed two years. There is no doubt that in these two years, wastage has been targeted and reduced (Rs 36,000 crore saved in leakages). Natural resources like coal […]
There is finally good news on the economic front. Projects commissioned in the country reached a record high of Rs 4.6 lakh crore in FY2016, according to CMIE. This is the highest-ever commissioning of projects in a year and represents a 12 per cent increase over Rs 4 lakh crore in FY2015. The stock of […]
As the smog settles, we will be able to see beyond the smokescreen. And the picture does not look too different yet, despite major efforts in keeping our spirits soaring by our PM who is on overdrive in screening favourable optics, one after another. Once the winter chill wanes, financial thrills may take over because […]
The next three to four months will be, in a sense, most painful as while the sentiment seems to have improved, it would not be reflected in demonstrably higher sales and profits. So businesses will have to put on a happy face and yet suffer the last leg of the financial squeeze as the economy […]