finance

Dollar and Gold Smuggling up: More Trouble for Shaky Rupee

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Spread the love           The Directorate of Revenue Intelligence (DRI) has launched a nationwide crackdown on foreign exchange smuggling, particularly of US$. For long, legal gold inflow occupied an important position, after petroleum and natural gas, in the country’s total import basket. Weakening Rupee seems to have further pushed the domestic demand for gold, especially among the […]


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GDP Growth Looking Up, But Serious Problems Remain

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Spread the love           The high growth does not reflect the whole story. There is significant jobless growth. Only 8 lakh new jobs have been created against the requirement of nearly 50 lakhs over a four year period. Here’s a report, for Different Truths. The Indian economic growth figures for January- March 2018 quarter announced early June […]


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It is High Time NDA Addressed Core Economic Issues

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Spread the love           Though there is not much of a difference between a dynasty and a single-party supreme leader in terms of his or her writ being run unquestioned, the fact remains that a voluble democracy like ours always throws up puzzling results at the hustings whenever people feel short-changed or betrayed by leaders who promised […]


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HDK Gets It: The Dog Always Wags the Tail

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Spread the love           Journalists see in HDK’s statement clear acknowledgement that things are lopsided in the JD(S)-Congress combination because of the permutation. The ‘mutant’ political order brought about by the fractured mandate is an ugly combination, prompting the question: Will the dog wag the tail or will the tail wag the dog? HDK answered the question Sunday: […]


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AIBEA Calls for 48-Hour Strike on May 30 and 31

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Spread the love           Bank employees and officers’ wage revision is due since November 11, 2017. Finance Ministry had advised Bank management and Indian Banks’ Association (IBA) to complete the discussions well in advance and release the revised wages with effect from November 1, 2017. A report, for Different Truths.  Ten Lakh bank employees are to go […]


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Indian Economy on a Slippery Oil Slope: Centre Must Give up Part of Bounty Collected through Duty

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Spread the love           It is appalling to see the authorities openly stating that the time had not come to cut excise duty as global crude prices had not reached that high. Embarrassingly, the Minister of Petroleum and Natural Gas has been repeating parrot-like that the government is weighing all the options sans disclosing what those options […]


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Indian Stability Innovations get Global Recognition

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Spread the love           The result of a global research and crowdsourcing effort, the Atlas features more than sixty innovations from around the world that help individuals, households, communities, and countries continue to survive and prosper even in the face of economic volatility. A report, for Different Truths. In the last decade, India has emerged as the […]


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Banks Being Penalised While Big Fraudsters are at Large

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Spread the love           Quizzically, PNB, a victim of the world’s biggest bank fraud ever, is out of RBI’s first prompt corrective action (PCA) list. The biggest global bank fraudster, Nirav Modi, who is also facing the trial of the US Department of Justice, is still out of the reach of Indian authorities. The question is: will […]


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Challenges in Indian Economy this Fiscal: Corruption Continues to Eat into Vitals

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Spread the love           The road ahead is bumpy for India’s growth story. Though India has been in a sweet spot umpteen times in the last couple of decades, its economy never grows to its full potential despite economic reforms, which are happening incrementally since 1991 and are irreversible. China, South Korea, and South East Asian countries, […]


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