Gita Gopinath, Chief Economist, International Monetary Fund (IMF), recently stated that India’s slowdown has pushed down the global growth forecasts by 0.1%. However, the recently released Economic Survey and Budget 2020 are in complete contradiction to the observations of the IMF, wherein it is a...
The Union Finance Minister Nirmala Sitharaman will be undergoing immense strain while finalising the Budget to be presented on February 1. Four major factors – falling GDP growth, weak demand, mounting inflation, and fiscal deficit overrun will be crying for attention; each ahead of the other.&nbs...
Section 4 of the Goods and Services (GST) Act states that if the collections from GST are down for any state, till the year 2022, the central government will have to pay compensation keeping the FY16 revenues of the state as base and guaranteeing 14% addition on top of it every year, out of the cess...
The verdict given by the people of the United Kingdom in 2016 in favour of quitting the European Union (EU) is popularly known as ‘Brexit’. People who voted for Brexit argued that it was because of the adoption of erratic neo-liberal policies that had led to livelihood crises.The EU that came in...
Business models based on data and analytics have facilitated companies like Google, Uber, Airbnb, and Facebook to enter the S&P 500 index in less than 10 years compared to business houses like Microsoft and HP, which made it to the index in two and three decades, respectively.Between 1955 (the S...
Data released by the Population Division of the UN Department of Economic and Social Affairs on September 18 highlighted that international migrants comprise 3.5% of the global population vis-à-vis 2.8% in 2000. With a migrant population of 17.5 million, India has topped in terms of international m...
Disruptive digital forces that include the internet of things (IoT), robotic process automation (RPA), cloud computing and analytics have affected e-commerce businesses at large. While the e-commerce industry is actively engaged in trimming the channels to make the goods available to the consu...
Grounding of East West (1996), Damania (1997), Air Sahara (2007), Air Deccan (2007), Paramount (2010), Kingfisher (2012), and now Jet Airways may have different reasons but they commonly point out that the aviation sector is cyclical in nature. Although, small airlines fail to draw much attention, b...
Stalwarts of the government are graciously appreciating Finance Minister Nirmala Sitharaman for presenting a Union Budget that aims to take the Indian economy where its GDP will touch $5 trillion. Increasing the surcharge on income tax for the super-rich from 15% to 25% for incomes between `2 c...
The election results this time round will be remembered for a ‘khaki’ campaign in which Modi and his supporters dominated by convincing the Indian society that an alert chowkidar can keep the country safe from terrorists, anti-nationals, and infiltrators. A deliberately engineered social phenome...
