Little over a fortnight ago the Reserve Bank of India (RBI) observed its 90th anniversary. Undoubtedly, a remarkable moment for any institution. In this an institution which has provided the financial architecture to not just ensure smooth economic transactions but also work to absorb the shocks—the frequency of which have risen in the last two […]Read More
Last week the Supreme Court of India did a rare thing. It walked back its own order from 2019, entailing a blanket ban on overhead power cables in the habitat of the Great Indian Bustard in Rajasthan. Citing concerns on climate change and its impact on people it allowed the use of overhead cables to […]Read More
One of the worst kept secrets about rural India is that despite accounting for two-third’s of the country’s population and nearly half of its gross domestic product, their access to formal credit is less than 10 percent. Part of the reason is that most of rural India till recently was unbanked. All this is changing […]Read More
The general election to elect the 18th Lok Sabha kicked off last week. Ahead of it, the Congress, the country’s principal opposition party, announced a set of guarantees, most of which are giveaways, to woo voters. Earlier, the Bharatiya Janata Party (BJP) patented their own version: Modi ki Guarantee. This leverages its 10-year record in […]Read More
A few weeks ago, the National Sample Survey Office (NSSO) released the first tranche of its latest survey on consumption expenditures. The release of the latest Monthly Per Capita Expenditure (MPCE) comes after a gap of a decade—normally it is supposed to be released every five years. They provide a very revealing snapshot of India’s […]Read More
In the last few weeks, we have seen the release of an array of economic data sets from the government. Together they present an exceptionally good macroeconomic backdrop. India is flush with foreign reserves; retail inflation is decelerating and most importantly the private sector is poised to kickstart capital expenditure after being in funk for […]Read More
In his address to the concluding session of the 17th Lok Sabha last month Prime Minister Narendra Modi unabashedly embraced economic reforms: “Reform, Perform and Transform.” Further, he claimed that his government was able to target welfare benefits by deploying these process reforms like Direct Benefits Transfer. Indeed, this is a first. Previous governments, fearful […]Read More
For 34 years India diplomatically neglected the United Arab Emirates (UAE). This is despite the country being key to India’s energy security and home to 3.7 million Indian expats. Since 2015 India has been seeking to make up for this remiss. Prime Minister Narendra Modi just concluded his seventh visit to the UAE in nine […]Read More
Three years later once again agitating farmers are looking to blockade Delhi in their bid to get the union government to agree to their demands - which includes providing statutory backing to minimum support price (MSP), the floor price for crops.Read More
A key omission in this year’s vote-on-account presented by Finance Minister Nirmala Sitharaman was disinvestment.Read More
Finance Minister Nirmala Sitharaman’s sixth essay, also a pre-poll budget, was a pleasant surprise. Despite the challenge of facing a two-term anti-incumbency, the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) passed on the opportunity to lure voters with freebies. Instead, it reiterated its commitment to fiscal dharma and laid down prudent fiscal targets. In […]Read More
NEW DELHI: Addressing the ‘Global Business Summit’ hosted by The Economic Times last week, Prime Minister Narendra Modi claimed that appropriate policy action had enabled India to transform into an ‘antifragile’ nation. “The world has changed, global systems have changed, and India has also changed. In the recent past, we all have heard a lot […]Read More
NEW DELHI: India has a rare opportunity of proving its leadership mettle on the global stage, having simultaneously assumed leadership of three key international bodies. For December India is the serving President of the United Nations Security Council (UNSC), the global body mandated with the task of maintaining international peace and security. Similarly, a little […]Read More
NEW DELHI: Unmindful of all the doom scrolling in mainstream media, Morgan Stanley last week put out a report on India that was not merely optimistic. It was a hosanna. Their outlier claim is that the next decade is India’s for the taking. “The four global trends of Demographics, Digitalization, Decarbonization and Deglobalization are favouring the […]Read More
NEW DELHI: In 2007, the Chinese economy recorded a stupendous growth of 14.2%. Fifteen years later, the International Monetary Fund (IMF) projects that economic growth will slow to 3.2% this year. In fact, the country may be lucky to log this, given the rapidly deteriorating global situation. Indeed, this is a stunning slowdown. And that […]Read More
NEW DELHI: It has been over a week since India celebrated 75 years of Independence. And, most of you would have also heard and processed the lengthy speech of Prime Minister Narendra Modi last Monday. Today I will attempt a recap and unpack the speech delivered on this historic occasion and how the PM remains invested […]Read More
NEW DELHI: In July this year, the number of transactions on the Unified Payments Interface (UPI), the payment backbone of India, aggregated a record 6.28 billion. Six years ago, it was less than 100,000. This is the digital footprint generated by an estimated 200-250 million people, merchants using UPI. And, this is from just one slice of […]Read More
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India’s General Elections 2024: Mammoth Election Exercise With 969 Million Voters Begins© 2024, SNG. All rights reserved
