Economy

Economy

Fiscal 2019 on Chaotic Start with Cash Squeeze: One More Blow at Desperate Poll Moves of BJP

Reading Time: 4 minutesHighly disturbing for the immediate, and potentially damaging for the economy is the sudden outbreak of what is called “cash crunch” in several states, even the State Bank of India being no exception, with all their ATMs going dry. Ordinary customers going to bank counters must be having their own problems of not being able […]

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Unreasonable US Demands More of India: Strategic Partner Treated Like an Economic Foe

Reading Time: 4 minutesThe US seems to be unreasonably upset that India’s central bank (RBI) periodically buys small lots of US dollars, as and when necessary, to steady Rupee’s exchange rate. In fact, such a policy is, indirectly, to the advantage to the US. But, for this intelligent forex trading by RBI, Rupee’s exchange rate would have drastically […]

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Financial Frauds Continue Since Ages…

Reading Time: 7 minutesFinancial frauds are perhaps as old as human civilisation. Tapati traces the antiquity of the swindle, as recorded in various ancient civilisations. Kautilya lists forty kinds of misappropriation of funds by the bureaucrats. Here’s to a better understanding of human nature – greed, avarice, and fraud – in the regular column, exclusively for Different Truths. […]

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Despite High Reserves, External Sector of India is Vulnerable

Reading Time: 4 minutesThere are warning bells already as India’s trade deficit remained very high. This made the balance of payments situation vulnerable and it was time government became conscious of it and carried out big-ticket exports reforms as this is the right time to push exports with global trade looking up and expected to clock over 4.5 […]

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Less Prospects of a Full-Fledged Global Trade War: China Moderates Opposition to Trump Tariffs

Reading Time: 4 minutesThe Chinese had, in fact, stated that “politeness demands that China comes out with measures in response to unilateral US announcements of tariffs.” The pitch was further hyped by the US President imposing later rounds of imposts on $100 billion imports into the US, over and above those he had announced earlier. One expected that […]

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The New Financial Year Ushers in Hope and Optimism

Reading Time: 4 minutesThe past financial year was marked by the great disruption of the introduction of the goods and services tax (GST), a change which not just affected government revenues but the operation of much of the private sector. However, in late January 2018, global crude oil prices rallied to over $65 a barrel, which has implications […]

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China has Lessons to Learn from US-Japan Trade Tiff: India Could Benefit from Shift in Chinese Policy

Reading Time: 4 minutesTo circumvent the trade war, China should increase its overseas investment in low-cost countries and re-route its exports to the USA. India can become a preferred destination for Chinese investment. For the past few years, China has emerged as a big-ticket investor in India, despite security concerns. In 2015, Chinese investment in India leapfrogged eight […]

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Governance Affected by Failed Promises: Can More Jobs Mitigate Our Socioeconomic Woes?

Reading Time: 4 minutesThe governance outcomes will remain below par till structural transformation is implemented. The top-down approach has the disadvantage of an overblown apex crushing the little people below. Change, sensitive to mitigating the costs, thereof, flexible implementation of norms driven from below, with primacy for real value addition can deliver 100 percent results in reforms, opines […]

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