“I have no special talent. I am only passionately curious”- was how Albert Einstein defined the role of education in life. Education would create curiosity and open up new horizons of knowledge. But for that, proper infrastructure needs to be provided. The government has the foremost role to pla...
“It’s not Trump, it is technology. Humans are being replaced by intelligent machines faster. New systems and software are creating havoc”- is how IT experts are looking at the changing scenario of India’s software industry.The question is: is the software industry becoming the victim of its ...
Most studies on the Indian banking industry nowadays begin with the dismal consequences of the rising non-performing assets (NPAs) of the sector. The slowdown in the economy in the last few years has led to a rise in bad loans that have negatively affected the asset quality of the banks.Despite the ...
when we were in school we were often asked to write essays on the merits and demerits of technological evolution. Merits would win hands down. Technology was unfolding before us and as awe-struck as we were with every new scientific invention, their backward fallouts found places in footnotes only.M...
At a time when China, the world’s fastest growing economy till recently, has opted for the lowest economic growth target in over 25 years, pegging it at 6.5% in 2017-18, India’s GDP has grown at a healthy 7% in the fiscal third quarter belying grim forecasts inspired by the impact of demonetisat...
As part of the new integrated infrastructure planning paradigm comprising roads, railways, waterways and civil aviation, the government has unveiled the largest-ever rail budget of `1.31 trillion – an 8.26% increase over `1.21 trillion allocated to the national carrier in 2016-17. Jaitley said tha...
“It is health that is the real wealth and not pieces of gold and silver”, was how the father of the nation, Mahatma Gandhi described the importance of health in the country’s development goals. Gandhiji had made this observation at a time when independent India was formulating its development ...
If you say ports are the lifeline of a country’s economic growth, it would appear to be a cliché. But it is the reality. With growing global integration, the Ricardian theory of comparative advantage, which advocates that countries benefit through international trade even when one country’s wor...
The benchmark monetary policy rates of Reserve Bank of India (RBI) are going to be decided by a broad basedcommittee instead of the on-going practice of deciding them by the Governor of the RBI. The policy rates, in many countries who have adopted inflation targeting, are decided by a committee. Ind...