Arun Jaitley has returned to take charge as finance minister well before those who care for him would have advised. So what was the haste all about? The uncharitable view would be that power abhors a vacuum. Politicians and film stars — no wonder the two often overlap — are most vulnerable to the prolonged […]Read More Jaitley returns as FM
The Indian middle class is a diverse set – professionals, public servants, skilled factory workers, the self-employed in the gig economy and smaller business folk who earn enough for daily needs, educate their children, access healthcare adequately and still have a surplus after consumption. High aspirations are what distinguish them from the hopelessness of the […]Read More Show the middle class some love
Piyush Goyal, the interim finance minister, will need to be a lucky general if he is to overcome the triple challenge of widening trade and fiscal deficits and lacklustre private investment. Exports – India’s achilles heel Despite our comparative advantage of cheap, skilled labour and entrepreneurial zeal, export pessimism is endemic — unlike in China. […]Read More Follow the money to tackle the fiscal perfect storm
The latest oil shock — an increase from $69 (average Indian import price) to $80 per barrel (Brent) this week — is courtesy the American President, Donald Trump, who unilaterally pulled the United States out of the 2015 deal between Iran and the UN’s Permanent Five (US, UK, Russia, France, China) plus Germany. This spooked […]Read More Oil shock: Entry point for reform
If Marwaris and Banias could fund our Freedom Struggle why not heritage preservation?Read More Are Marwaris taking over our heritage monuments?
The introduction of a 10 per cent tax on capital gains (with effect from April 1, 2018), accruing from the sale of equity, after holding it for at least one year, has generated a great deal of angst. But it is unconscionable that stock market investors who have earned windfall gains of 30 per cent […]Read More Union taxes are scraping the bottom
Those who live by the stock market must pay for their indiscretions. The stock market slid by 2.7 percent on February 2, 2018 – the day after Budget Day; by an additional 0.88 per cent on Monday, February 5, followed up by a further slide of 1.6% on February 6. in tandem with the global […]Read More Post-budget stocks – Storm-in-a teacup