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

August 5, 2015, 6:36 AM IST
It is welcome that New Delhi has signed a peace accord with a major faction of Naga insurgency that has been active since August 1947. While the exact contours of the agreement are yet not…
August 5, 2015, 6:36 AM IST
August 5, 2015, 6:26 AM IST
RBI governor Raghuram Rajan lived up (or down, depending on perceptions) to expectations and held rates steady, postponing further reduction in policy rates pending fresh signs of macroeconomic stability. The remarkable feature highlighted in the…
August 5, 2015, 6:26 AM IST
August 4, 2015, 6:11 AM IST
Revving up efficiency in the energy economy cannot but focus on dirty, but abundant, coal. The fuel conversion efficiency in state electricity board-owned plants is abysmally close to 30 per cent. In contrast, in the…
August 4, 2015, 6:11 AM IST
August 4, 2015, 5:50 AM IST
Vladimir Putin would not make the mistake Narendra Modi has now made in Parliament. Putin is a master of judo, in which you learn to use the opponent’s force and momentum against him and are…
August 4, 2015, 5:50 AM IST
August 3, 2015, 7:21 AM IST
The Centre’s reported move to expand the direct cash transfer system of handing out subsidies is welcome. Including subsidies in the direct benefit transfer (DBT) scheme, as it is called, will cut leakages, help poor…
August 3, 2015, 7:21 AM IST
August 3, 2015, 7:13 AM IST
Kudos to the Directorate of Revenue Intelligence (DRI) for having detected the fraud being perpetrated by companies that falsify documents to take advantage of the preferential trade agreements that India has with Asean as a…
August 3, 2015, 7:13 AM IST
August 1, 2015, 6:39 AM IST
The government must frame regulations for all schools that span the levels from Kindergarten to Class 12 (K-12 schools, in the jargon), instead of singling out schools affiliated to school boards outside India. The Right…
August 1, 2015, 6:39 AM IST
August 1, 2015, 6:33 AM IST
The land Bill has morphed into a hot potato for the government, who reportedly is now ready to drop all the provisions that sought to dilute the 2013 law to facilitate ease of doing business….
August 1, 2015, 6:33 AM IST
July 31, 2015, 7:00 AM IST
The Indian steel industry is going through a rough patch and there seems a solid case for a package of policy measures to put it on an even keel. The capital-intensive steel sector faces tepid…
July 31, 2015, 7:00 AM IST
July 31, 2015, 6:49 AM IST
The government has to show more flexibility on the provisions of the goods and services tax (GST) Bill. It has accepted one key suggestion arising from the Rajya Sabha panel that vetted the Bill as…
July 31, 2015, 6:49 AM IST
July 30, 2015, 7:18 AM IST
The government says it will forgo dividends from debt-laden state-owned banks and let them to use the money to clean up their books. Banks need fresh capital to expand lending, but tackling non-performing assets (NPAs)…
July 30, 2015, 7:18 AM IST
July 30, 2015, 7:14 AM IST
The point about Yakub Memon is not that he was as pure as the driven snow. Rather, it is that, if you don’t do it right, you could end up staining the snow with the…
July 30, 2015, 7:14 AM IST
July 29, 2015, 4:58 AM IST
There is proactive action in the debt-laden steel sector that could have welcome implications for the health of banks and for bank credit availability, at finer rates, right across the board. Reports say that the…
July 29, 2015, 4:58 AM IST
July 29, 2015, 4:54 AM IST
The Opposition must support the passage of the Constitution Amendment Bill on the goods and services tax (GST) that gives the Centre and the states concurrent powers to tax value added. The BJP, on its…
July 29, 2015, 4:54 AM IST
July 28, 2015, 6:22 AM IST
After a long lull, Punjab has witnessed a terror strike, a suicide attack that has killed three civilians and five people in uniform, including a superintendent of police. It shows how vulnerable the country is…
July 28, 2015, 6:22 AM IST
July 28, 2015, 6:16 AM IST
The Supreme Court-appointed Special Investigation Team on black money has flagged participatory notes (P-Notes) issued by foreign institutional investors as a possible conduit for illegal funds in the capital market. Transparency as to the identity…
July 28, 2015, 6:16 AM IST
July 27, 2015, 5:02 AM IST
It is welcome that the government has clarified that the draft code put out by the Financial Sector Legislative Reforms Commission is just that: a draft, and not necessarily a reflection of the government’s thinking….
July 27, 2015, 5:02 AM IST
July 27, 2015, 5:00 AM IST
Sometimes, the twain do meet: the Bharatiya Mazdoor Sangh (BMS), an affiliate of the Sangh Parivar that parents the ruling BJP, and the Citu, the trade union wing of the largest communist party in India,…
July 27, 2015, 5:00 AM IST
July 25, 2015, 6:08 AM IST
The prosecution against ‘godman’ Asaram, who operates across Gujarat, Uttar Pradesh, Rajasthan and other states in north India, must be completed fast. Innocent lives are at stake. Asaram is in jail, on charges of rape….
July 25, 2015, 6:08 AM IST
July 25, 2015, 6:05 AM IST
Yakub Memon’s death sentence reinforces the case against the death penalty. It is expedient for the political system to let him hang: his brother is the principal accused, along with Dawood Ibrahim, in the 1993…
July 25, 2015, 6:05 AM IST
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