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Quick takes, analyses and macro-level views on all contemporary economic, financial and political events. Less

December 1, 2015, 5:05 AM IST
Information commissioners reportedly want the government to introduce a legal filter in the Right to Information (RTI) Act to weed out frivolous applications. Any change in the law to curtail the citizen’s access to information…
December 1, 2015, 5:05 AM IST
December 1, 2015, 5:02 AM IST
Owners of some Indian brands of mobile phones are reportedly being asked by owners of intellectual property over components and technologies used in the phones to pay the royalty they have managed to avoid paying…
December 1, 2015, 5:02 AM IST
November 30, 2015, 3:15 AM IST
India, with 18% of the world’s population and 4% of its water resources, is clearly a water-stressed nation. Constitutionally, water is a state subject. But after two consecutive deficient monsoons, the need for a national…
November 30, 2015, 3:15 AM IST
November 30, 2015, 3:11 AM IST
India is taking a proactive role in combating climate change by spearheading a global solar alliance. This is welcome. There are energy economists who are so sanguine on the prospects of solar energy as to…
November 30, 2015, 3:11 AM IST
November 28, 2015, 2:29 AM IST
The government has reportedly nudged IIT-Bombay to alter their normal placement schedule and give engineering, rather than financial or consulting, companies Day One slots, to pick up the best students. The motivation is to give…
November 28, 2015, 2:29 AM IST
November 28, 2015, 2:26 AM IST
The Prime Minister did well to adopt a non-confrontational, accommodative tone for his contribution to the special debate in Parliament to commemorate the adoption of India’s Constitution on November 26, 1949. He did well also…
November 28, 2015, 2:26 AM IST
November 27, 2015, 4:32 AM IST
Of all the gin joints in all the states in this country, Nitish Kumar walks into Gujarat’s. By announcing that Bihar will adopt prohibition, the re-elected chief minister has not only picked the wrong idea…
November 27, 2015, 4:32 AM IST
November 27, 2015, 4:27 AM IST
Who, from a point of view of party politics, stands to gain the most if the economy performs well and investment and growth pick up? The ruling party, naturally. Correspondingly, the Opposition stands to gain,…
November 27, 2015, 4:27 AM IST
November 26, 2015, 3:44 AM IST
It is welcome that the tax break for research and development under Section 35 of the Income-Tax Act is proposed to be scaled down to 100 per cent from 200 per cent, and not phased…
November 26, 2015, 3:44 AM IST
November 26, 2015, 3:41 AM IST
On November 24, Turkey shot down a Russian fighter jet, claiming it had ventured into its airspace on a bombing run against the Islamic State (IS) in Syria. Russia denies this: President Vladimir Putin says…
November 26, 2015, 3:41 AM IST
November 25, 2015, 3:49 AM IST
A panel chaired by chief economic adviser Arvind Subramanian has reportedly recommended a goods and services tax (GST) rate of 18 per cent. This is less than half the current incidence of cascading indirect taxes…
November 25, 2015, 3:49 AM IST
November 25, 2015, 3:47 AM IST
Top corporate leaders recently interviewed 46 bright young students from business schools across India. Of them, 22 were awarded the 2015 edition of The Economic Times Young Leaders B-School prize. The profile of the winners…
November 25, 2015, 3:47 AM IST
November 24, 2015, 2:54 AM IST
The Crime and Criminal Tracking Network and Systems (CCTNS), a project launched in 2009 to link up the country’s police stations for electronic collection, storage and sharing of information and yet to be fully formed,…
November 24, 2015, 2:54 AM IST
November 24, 2015, 2:52 AM IST
States would be tempted/pressured to give their employees the generous award of the Seventh Pay Commission for central government staff. They should hold their hand and revise state-level salaries to suit their purse. True, states…
November 24, 2015, 2:52 AM IST
November 23, 2015, 3:14 AM IST
This October, 17 venerable investors in India’s major stock exchanges, the National Stock Exchange and Bombay Stock Exchange, wrote to the finance minister, urging the need, among other things, to list these exchanges. Adecade after…
November 23, 2015, 3:14 AM IST
November 23, 2015, 3:12 AM IST
The Seventh Pay Commission had done well to urge greater flexibility in how civil servants’ contributions to their pension corpus in the National Pension System (NPS) is managed. The NPS limits civil servants’ contributions to…
November 23, 2015, 3:12 AM IST
November 21, 2015, 4:41 AM IST
The swearing in of Nitish Kumar as chief minister in Patna was attended by a host of Opposition leaders, besides invitee Prime Minister Narendra Modi’s representative Venkaiah Naidu. The notable absentees were leaders of the…
November 21, 2015, 4:41 AM IST
November 21, 2015, 4:34 AM IST
The Seventh Pay Commission has recommended a hefty 32% increase in pay and allowances of central government employees and a 24% increase in pensions that will effectively grant one rank, one pension to all employees,…
November 21, 2015, 4:34 AM IST
November 20, 2015, 4:18 AM IST
Vodafone has reportedly offered to go for conciliation on its Rs 20,000-crore tax dispute. An amicable settlement makes eminent sense. Arbitration has made no headway, and is cumbersome. The government should be content to collect…
November 20, 2015, 4:18 AM IST
November 20, 2015, 4:13 AM IST
There are few things the government can do in the short run to boost job creation and exports than to remove assorted constraints on the textile industry, incentivise rational conduct in the sector and assist…
November 20, 2015, 4:13 AM IST
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