When Usha Ananthasubramanian, MD and CEO of Allahabad Bank, was elected the chairperson of the Indian Banks’ Association (IBA) last January, Indian women bankers moved a step further to the country’s top banking position- that of the Reserve Bank of India (RBI) Governor. IBA is an associat...
The benefits to the MSMEs would be much lower than what the Budget speech shows. In fact, that’s the general trend in the Budget; the FM has talked about many good things- from rejuvenating rural India to universal health coverage to doubling farmers’ income. But when it came to fund allocations...
As if the slogan ‘Sabka saath; sabka vikas’ (Along with all, development for all)” was not fully expressing his concern for the country’s poor, Prime Minister Narendra Modi has come out with another charming phrase “ease of living”. This one is exclusive; the earlier slogan has travelled...
If India’s manufacturing sector has not grown effectively so far to justify Modi’s ‘Make in India’ initiative, better core industries’ performance of late seems to have given hopes for a brighter future for the sector. Core industries form the base of the industrial activities and its high...
“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...
