How effective are governments and central banks in controlling the economy? This question has become relevant in the face of high inflation throughout the world. Central banks everywhere have started increasing their policy rates or are contemplating the same. Governments, too, are trying to control inflation, a recent example from India being the Centre’s decision […]
Apart from creating unnecessary confusion, the Centre’s recent flip-flop over the safety of sharing Aadhaar card photocopies also exposes the deep-rooted problems in the ecosystem. A regional office of the Unique Identification Authority of India (UIDAI) had cautioned against sharing photocopies with “unlicensed private entities”, in an advisory last week. It also warned against downloading […]
By Rameesh Kailasam & Madhabi Sarkar There are close to 440 million working-age women in India as per various estimates. Women make up 48% of the Indian population and need to benefit equally from the country’s economic growth. Women are the largest reservoir of untapped potential in India that can usher the country to its […]
America just committed $40 billion to Ukraine. Actually, scratch that: America actually just committed $40 billion to several US military corporations (like Raytheon Technologies, General Dynamics, Northrop Grumman, BAE Systems, Lockheed Martin, Boeing, etc) who, after deducting their certainly fat margins, will ship weapons to Ukraine. The $40 billion came out of the US budget, […]
After forecasting normal rains in April, the India Meteorological Department’s (IMD’s) updated long range forecast holds out the prospect for more normal rainfall from the southwest monsoon between June and September. Overall precipitation is expected to be 103% of the new long period average (LPA) of 868.6 mm, up from the 99% forecast in April. […]
By Indranil Sen Gupta The recovery can be expected to remain shallow with the CLSA Activity Index still weak. After all, it is constrained by weak demand and a slowing US economy thanks to Fed tightening to reduce inflation. The only support for growth comes from soft real lending rates. Despite rising growth risks, the […]
By Mandar Kagade The Reserve Bank of India (RBI) issued a draft regulatory framework for Online Export Import Facilitators (OEIF) recently. The framework concerns payment intermediaries (Online Payment Gateway Service Providers, or OPGSPs, in the earlier iteration of regulatory vocabulary) that work with Authorized Dealer banks under the Foreign Exchange Management Act to facilitate inward […]
UK Business Forums reacts to Rishi Sunak’s Cost of Living announcement Richard Osborne, CEO and founder of UK Business Forums (UKBF), said: “The cost of living crisis is a desperate situation for both businesses and huge swathes of our society, yet today’s announcement seemed to ignore the reality and severity of what thousands of small […]
As Sunday Times Rich List shows record number of UK billionaires, their gains should be taxed the same as income from work Huge increases in wealth at top during pandemic shows how ‘wealth often begets more wealth’, think tank says Calls for redistribution through higher taxes on income from wealth, and scrapping council tax for […]
The Institute of Directors has published a white paper ‘The Green Incentive: how to put net zero at the heart of business planning’. The policy paper sets out four specific medium-term recommendations which would incentivise businesses, and particularly smaller businesses, to play their part in decarbonising the economy. The Government has set a national climate […]