Demonetisation has dealt a body blow to the economy whether we like it or not. It has delayed the uptick in the economy by a minimum of several quarters. The informal economy is in tatters and the business outlook is glum. But it is done and nothing can be done about it. Building a cashless […]
There are very few events etched in the memories of an entire generation. For the Americans, it was the 9/11 attack and the Lehman brothers collapse. For Indians, it was the Kargil skirmish, the 26/11 terror attack and, now, demonetisation. This bold and moral move by the PM has had its share of execution challenges, […]
The balance between social good and infrastructural development is a delicate one. A citizen has a constitutional right to be provided basic amenities but the nation has limited resources, further constrained by a poor administrative system of collection of revenues, making it necessary to depend upon private investment. Private investment has to serve the profit […]
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 […]
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According to a World Bank report titled Dealing with Construction Permits, India is languishing at the 183rd position in this parameter, rubbing shoulders with the likes of Afghanistan (185). But, finally, the government has attacked this in right earnest. March has been a watershed month of sorts in the history of construction in India. The […]
We are not out of the woods yet. Eight core sectors – coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity – slowed to 1.1 per cent in July after a growth of 3 per cent in June, mainly on account of low expansion in coal output and contraction in steel, crude […]
The global gloom turned into panic as the Chinese stock markets tumbled 8.5 per cent on August 24, paving way for speculation that China has lost its stem and is heading for a major slowdown. Its manufacturing index is at a 77-month low and its auto, cement and steel industry growth has turned negative. The […]