The tide is turning

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 […]

Toasting the fighters

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 […]

Ten Triggers for Team Modi

The manufacturing indices, which appeared to be positive till last month, turned negative, killing all joy espoused by optimists. Loans continued to pile up. The RBI maintained its stance. And interest rates didnĀ“t ease off enough to make an impact in a debt-burdened commercial sector. The government is still struggling to get its Land Bill […]