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

September 21, 2015, 6:48 AM IST
Almost 23 lakh people, including PhDs, have applied for 368 jobs of peons in the Uttar Pradesh government. Clearly, government jobs at lower levels must shed some of their undeserved attractions, and private sector jobs…
September 21, 2015, 6:48 AM IST
September 21, 2015, 6:42 AM IST
The government wants to cap short-haul airfares from next fiscal year so that 300 million Indians can wing it and form the third-biggest aviation market. That’s pie in the sky. Repressed airfares would make no…
September 21, 2015, 6:42 AM IST
September 19, 2015, 5:28 AM IST
Rains have played truant this year, and the RBI expects the favourable base effects on inflation to wane from September. There is no panic as food stocks, at about 48 million tonnes, are adequate to…
September 19, 2015, 5:28 AM IST
September 19, 2015, 5:15 AM IST
From the story about the boy who cried wolf, the most commonly drawn lesson is that one should not raise an alarm about an unpleasant eventuality when it is not imminent. It is equally important…
September 19, 2015, 5:15 AM IST
September 18, 2015, 6:29 AM IST
Now that the government has imposed 20 per cent provisional safeguard duty on flat steel products, domestic producers need to recast their operations double quick to turn competitive. Safeguard measures are, by definition, time-bound. Otherwise,…
September 18, 2015, 6:29 AM IST
September 18, 2015, 5:19 AM IST
With the licensing — in principle, as yet — of 10 small banks, in addition to 11 payment banks last month, the RBI is finally beginning to walk the talk on financial inclusion. India can…
September 18, 2015, 5:19 AM IST
September 17, 2015, 6:51 AM IST
It is an outrage that private hospitals send patients off to die in the midst of an outbreak of dengue fever in Delhi. It turns the spotlight on the absence of effective regulation of hospitals…
September 17, 2015, 6:51 AM IST
September 17, 2015, 6:48 AM IST
In August, Prime Minister Narendra Modi signed an accord with Thuingaleng Muivah, leader of the militant Naga outfit, NSCN (IM). No details of this accord are public. Back home, Muivah said that the NSCN (IM)’s…
September 17, 2015, 6:48 AM IST
September 16, 2015, 12:21 AM IST
Recently, commerce minister Nirmala Sitharaman said that the entry of Asaduddin Owaisi, leader of the Majlis-e-Ittehadal-Muslimeen (MIM), would help the BJP-led alliance win forthcoming assembly elections in Bihar. She did not want to imply, as…
September 16, 2015, 12:21 AM IST
September 16, 2015, 12:14 AM IST
We commend the states that have shown greater determination in undertaking the 98 reform measures intended to improve ease of doing business (EDB). But we recommend curbing any temptation to go gaga over the results…
September 16, 2015, 12:14 AM IST
September 15, 2015, 8:12 AM IST
The Prime Minister is visiting Silicon Valley — a trip he hopes will be rich in substance and is already rich in symbolism. Narendra Modi, who has broken new ground by deciding to directly engage…
September 15, 2015, 8:12 AM IST
September 15, 2015, 8:07 AM IST
It is indeed welcome that the Centre has begun to confront the malignancy in the power sector. The diagnosis is right: the losses of power distribution companies (discoms) have accumulated to Rs 2,86,000 crore, or…
September 15, 2015, 8:07 AM IST
September 14, 2015, 4:16 AM IST
One swallow does not make a summer, especially when you’re not sure if the swallow in question is one that flies or of the kind that goes down the gullet. Such is the quality of…
September 14, 2015, 4:16 AM IST
September 14, 2015, 4:13 AM IST
Finance minister Arun Jaitley’s move to phase out tax exemptions to bring down the rate of tax on corporate income to 25 per cent is broadly welcome. One exception would be in the case of…
September 14, 2015, 4:13 AM IST
September 12, 2015, 4:08 AM IST
Former Mumbai Police Commissioner Rakesh Maria’s transfer in the middle of a high-profile murder investigation puts the spotlight back on political interference in the working of the police and the civil service. The point is…
September 12, 2015, 4:08 AM IST
September 12, 2015, 4:06 AM IST
Meeting businessmen on Tuesday, Prime Minister Narendra Modi asked them to invoke their inner animal spirits, begin investing aggressively and leverage domestic demand. He also added that hoary old chestnut about India being a “knowledge…
September 12, 2015, 4:06 AM IST
September 11, 2015, 4:43 AM IST
The deceleration in Chinese growth, and the consequent global slowdown, have led domestic producers to claim dumping from abroad and demand additional tariff protection. This rising protectionist clamour really makes no sense. There are solid…
September 11, 2015, 4:43 AM IST
September 11, 2015, 4:39 AM IST
The government has introduced two gold-related schemes. One creates a financial asset equivalent to gold for investment purposes with the added attraction of interest on the value invested. The other seeks to monetise existing stocks…
September 11, 2015, 4:39 AM IST
September 10, 2015, 3:47 AM IST
The Cabinet decision on spectrum trading is welcome, as it could pave the way for consolidation of operations in the fragmented industry and remedy, in part, the scarcity of spectrum available with an operator. However,…
September 10, 2015, 3:47 AM IST
September 10, 2015, 3:45 AM IST
The finance ministry’s decision to allow Indians holding undisclosed foreign bank accounts to compound their offences is pragmatic, and will add to the tax kitty. It will soften the blow on Indians who have bank…
September 10, 2015, 3:45 AM IST
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