Early shoots of reforms revival

Amid the doom and gloom of the world economy, there are encouraging signs that the Indian government is now taking tangible steps to reverse the worst aspects of the slowdown in India. Ministers take the lead This is a huge step away from the collective “Nelson’s eye” which was being turned to the crisis earlier. […]

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Lest we err and waste our planet

This book will jolt you awake, quicken your heartbeat and embed niggling worms of anxiety in even the most sanguine of persons. The author is a gifted, American, climate journalist. He grabs your attention in the very first paragraph and keeps it for the next 231 pages of text followed by 66 pages of notes, […]

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Deepawali depression unwarranted

Nothing makes Diwali sparkle more than the comforting bulge of spare cash in one’s pocket. This year there are few who could claim that privilege. Suffering in tandem are the unfortunates who catch the trickle lower downstream. Body blows to carefree spending have taken their toll. The combined effect of the Goods and Services Tax, […]

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Slash petroleum consumption

Retail prices of diesel and petrol are the lowest in Delhi, among India’s key metropolitan cities. It isn’t cheaper to supply them to the national capital than in Chennai, Mumbai or Kolkata. The difference is that Delhi and Goa levy lower value-added-tax on petroleum products (PP) than poorer jurisdictions, even though they are havens for […]

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Oil shock: Entry point for reform

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 […]

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Lighting for all by Deepawali 2018

Poor or profligate households are often forced to borrow for meeting current expenditure. But most borrowers ensure that they are able to fund the interest payable from current income. Not so the Government of India. In fiscal 2016-17, interest payments on government loans amounted to Rs 4.8 trillion. The government had to borrow Rs 1.4 […]

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