“In all the antique religions, mythology takes the place of dogma; that is, the sacred lore of priests and people … and these stories afford the only explanation that is offered of the precepts of religion and the prescribed rules of ritual” - is how William Robertson Smith, the nineteenth cen...
The ugly face of inflation is once again on the horizon. Despite promises made by the Finance Minister, Arun Jaitley, the impact of the Goods and Services Tax (GST) on prices has been counting adversely. Except in September when the WPI inflation rate had declined marginally compared to August, both...
India’s gross domestic product has grown 6.3% in the second quarter of the current year, that is, 0.6 percentage points higher than that of the previous quarter. If the growth rate is still far below than what was achieved in the past, the North Block is jubilant that the economy is coming out of ...
“February 20, 2017, the world awoke to a headline that should have never come about: Famine had been declared in parts of South Sudan, the first to be announced anywhere in the world in six years” – was how the Global Hunger Index, 2017, began its narrative.This became a headline because...
If you say that Small and Medium Enterprises (SMEs) play a major role in the economic growth of a country it would look a cliché. But the fact is that SMEs do play a pivotal role in the economic life of a nation. More so for emerging economies where they contribute up to 60% of total employment and...
India has stopped counting its poor; it is counting its billionaires to showcase what a section regards as economic prosperity. Economic growth is now perceived in the number of cars sold; in the number of rising internet connections or in the number of mobile phones manufactured in the country.Indi...
Amid demand for a further rate cut by Corporate India the Reserve Bank of India chose to keep the policy rates unchanged in its fourth bi-monthly monetary policy review early this month. The repo rate, the rate at which the RBI gives loans to commercial banks, was kept at 6% while the reverse repo r...
There is bad news for Indian Finance Minister, Arun Jaitley. The impact of the Goods and Services Tax (GST) on prices has been counted adversely for the second month running and has increased the uneasiness of the Finance Minister who had promised the country that the GST would have no or marginal a...
The Indian real estate sector is in the midst of major transformation: demonetisation, RERA, REIT, CLASS, affordable housing, and the GST will have a far reaching impact on the landscape of the sector in the coming years. Although the real estate sector in India is considered to be the most promisin...
If the fall in GDP growth in the last quarter of 2016-17 was an indication that the country was moving towards a low growth trajectory, an even slower growth during April-June 2017 must have confirmed this fear. India’s economic growth has slipped to a three-year low of 5.7% in the first quarter o...
