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. […]Read More Early shoots of reforms revival
Nirmala Sitharaman has notched up a record merely by taking over as Finance Minister in the Modi 2.0 government. She will be the first woman to hold this position as a stand-alone charge. Indira Gandhi was the first woman Finance Minister in 1970-71. But she was already Prime Minister and assumed the position from Finance […]Read More Finance Minister Nirmala Sitharaman – an avatar of Durga or Laxmi?
Rabindranath Tagore – India’s poet laureate’s prescription for healthy thinking was to open the doors and windows. The Union governments did quite the opposite, yesterday when it stuck its head into sand and came up with a desultory five-point plan to deal with the growing current account deficit (CAD) – the difference between our imports […]Read More India’s external imbalance – hiding one’s head in the sand doesn’t help
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