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

October 15, 2015, 5:59 AM IST
The alleged trade-based money laundering in the Bank of Baroda (BoB) shows that procedures at the bank were clearly wanting as money was remitted against imports that perhaps were not made. The accused, allegedly in…
October 15, 2015, 5:59 AM IST
October 15, 2015, 5:56 AM IST
Two statements by the Prime Minister over the last few days on the Dadri incident have done much to restore equilibrium in political discourse. Both his statements, at a campaign rally in Bihar and to…
October 15, 2015, 5:56 AM IST
October 14, 2015, 6:20 AM IST
Quick estimates of industrial production for August — over the like month last year — show a 6.4% surge in output. However, the increase is more statistical than substantive, as it follows steep declines and…
October 14, 2015, 6:20 AM IST
October 14, 2015, 6:17 AM IST
The Union minister for culture Mahesh Sharma has beamed tolerance at writers turning in, by the dozen, their awards and honours to protest the climate of intolerance that has the nation in its grip. He…
October 14, 2015, 6:17 AM IST
October 13, 2015, 6:27 AM IST
The government reportedly wants the Serious Fraud Investigation Office (SFIO) to probe over 50 cases of wilful default in state-run banks. Nothing wrong. The rise in financial crime underscores the need for a specialised agency…
October 13, 2015, 6:27 AM IST
October 13, 2015, 6:25 AM IST
The 2015 Nobel Prize for economics going to Angus Deaton touches India more intimately than would recognition of any random advance in economic theory, for two reasons. One is the simple fact that he has…
October 13, 2015, 6:25 AM IST
October 12, 2015, 3:51 AM IST
The Trans-Pacific Partnership (TPP) is becoming a reality, threatening those outside the 12-country bloc with trade diversion and lost opportunity. The agreement, reached last week among Pacific Rim countries including the US and Japan but…
October 12, 2015, 3:51 AM IST
October 12, 2015, 3:48 AM IST
The government wants to end tax breaks for special economic zones (SEZ) as part of the clean-up drive to lower the corporate tax rate. This is a good idea in principle. Exemptions for enclaves or…
October 12, 2015, 3:48 AM IST
October 10, 2015, 4:29 AM IST
Misuse of social media to spread social enmity and incite violence should be back on the public agenda, following the toxic outbreak on social media following the Dadri lynching. From urging death to cow killers…
October 10, 2015, 4:29 AM IST
October 10, 2015, 4:26 AM IST
Russia’s armed entry into the Syrian conflict is an occasion for a strategy pivot, not bloody victory over Syrian rebels by the Assad regime. The strategy should be for the West to abandon the maximal…
October 10, 2015, 4:26 AM IST
October 9, 2015, 3:54 AM IST
It is welcome that the Supreme Court has referred the Aadhaar dispute to a larger bench that will also examine whether it violates privacy. The government must legislate an explicit law to protect privacy, and…
October 9, 2015, 3:54 AM IST
October 9, 2015, 3:49 AM IST
Delhi must stop beating about the bush on air pollution and, instead, speedily reduce sulphur content in diesel to proactively improve environmental standards. Slapping an environmental cess on trucks entering Delhi might actually worsen pollution…
October 9, 2015, 3:49 AM IST
October 8, 2015, 3:48 AM IST
It is welcome that the government has increased the number of days for which work under the employment guarantee programme, NREGA, is available this year, as part of its measures to provide relief in this…
October 8, 2015, 3:48 AM IST
October 8, 2015, 3:43 AM IST
At a time when public investment is sorely needed to crowd in reluctant private investment, it is welcome to note that the Railways is rising to the challenge. It is coagulating capital on a scale…
October 8, 2015, 3:43 AM IST
October 7, 2015, 6:44 AM IST
The government reportedly is mulling a move to restrict the number of unions in an enterprise, so as to reduce the hassle of the management having to deal with multiple unions, often working at cross…
October 7, 2015, 6:44 AM IST
October 7, 2015, 6:38 AM IST
The Organisation for Economic Cooperation and Development’s (OECD) final plan for a single set of rules to end aggressive tax planning/evasion by multinational companies is pragmatic, and doable. The 15-point action plan, meant to tax…
October 7, 2015, 6:38 AM IST
October 6, 2015, 6:45 AM IST
The government seems to be acting far too global and thinking far less local on natural gas. Notice that the domestic gas price has been sharply reduced by about a fifth to $3.82 per mmBtu….
October 6, 2015, 6:45 AM IST
October 6, 2015, 6:39 AM IST
The visit by German Chancellor Angela Merkel, head of the most powerful European Union member-state, should put to rest perceptions of trouble in the India-EU relations, particularly given the strategic and economic cooperation outlined by…
October 6, 2015, 6:39 AM IST
October 5, 2015, 5:27 AM IST
India’s intended nationally determined contribution, or INDC, to combating climate change is out. By 2030, it will reduce the amount of greenhouse gas (GHG) emissions per unit of GDP by 33-35% from its 2005 levels,…
October 5, 2015, 5:27 AM IST
October 5, 2015, 5:22 AM IST
The government has to draw the right conclusions from the measly amount declared under its black money amnesty scheme. Instead of threatening brimstone and fire upon those who failed to take advantage of the compliance…
October 5, 2015, 5:22 AM IST
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