GST & federalism

Greater availability of data on GST will shine a light on the contributions of States towards the national exchequer and make a case for equitable dis

Bowing to privatisation

The move to privatise Air India comes after years of deliberate neglect by the government and a series of measures taken over two decades to systemati

Taxing times

The launch of the Goods and Services Tax amidst great fanfare, but without adequate preparation, marks a continuum with demonetisation and threatens t

Banking industry

Breaking the banks

The government’s recourse to an ordinance to solve the “bad loan” menace in the Indian banking system raises serious questions of moral hazards and it

FL28JAITLEYPOSTBUDGETCHAMBERS

Devious route

This year’s Finance Bill takes an unprecedented turn, vesting the government with almost limitless authority, sabotaging key institutions in the proce

Persistence of misery

Industry continues to reel under an immense amount of job loss across various sectors following demonetisation, but the government remains oblivious t

T. K. Rajalakshmi

GDP conundrum

Recently released data from the CSO, which claimed that demonetisation had had no significant impact on the performance of the economy, raise more que

More stories from Economy

Mumbai, 29/02/2016: BURNING THE MIDNIGHT OIL: Students preparing for HSC exams on the pavement under street lights is routine scene during exams days. Finance Minister Arun Jaitely made various provisions in 2016 Budget for education sector, like Digital literacy scheme to be launched to cover 6 crore additional rural households, Scheme to make 10 public and 10 private educational institutions world-class.
Provision of Rs. 1,000 crore for higher education financing, Rs. 1,700 crore for 1500 multi-skill development centres, 62 new Navodaya Vidyalayas to provide quality education etc to boost education standard in India.

Photo: Shantanu Das

Worrying failure

In the face of raised expectations post demonetisation, the Budget metes out miserly treatment to most areas of crucial social spending such as educat

New Delhi: Finance Minister Arun Jaitley (C) stands outside his office at North Block holding the briefcase containing the Union budget for 2017 and is flanked by MoS Arjun Meghwal (R) and Santosh Gangwar (L), on Wednesday,in New Delhi. PTI Photo by Vijay Verma(PTI2_1_2017_000006B)

Blinded by neoliberalism

All that the government has is its unfounded belief that mere “reform” in the form of demonetisation, digitalisation and GST will deliver growth.

C.P. CHANDRASEKHAR

Stubborn blindness

THE Union Budget is only one of several instruments of economic policy available to the government. It must necessarily take into account not just the

Workers assemble cars inside the Hyundai Motor India Ltd. plant at Kancheepuram district in the southern Indian state of Tamil Nadu October 4, 2012. Running around the clock and selling everything it can build, Hyundai Motor's Indian factory is bursting at the seams. But as demand grows and rivals scale up, the car maker has chosen to take its foot off the pedal. Hyundai's strategic decision to focus on quality over quantity, even as its production lines are stretched in India and elsewhere, risks losing hard-won market share and is forcing it to divert output from its plant outside Chennai away from exports to other high-growth markets to meet domestic demand. Picture taken October 4, 2012. To match Analysis HYUNDAI-CAPACITY/ REUTERS/Babu (INDIA - Tags: TRANSPORT BUSINESS)

A killer tax

The euphoria over the Goods and Services Tax masks the deadly assault on tax policy as a means of promoting equity.

A marquee of the Arango Orillac Building lists the Mossack Fonseca law firm in Panama City, Monday, April 4, 2016. Panama's president says his government will cooperate 'vigorously' with any judicial investigation arising from the leak of a vast trove of information on the offshore financial dealings of the world's rich and famous. An international coalition of media outlets Sunday published investigations it said stemmed from the leak of 115 million records kept by the Panama-based law firm Mossack Fonseca on behalf of clients. (AP Photo/Arnulfo Franco)

The Panama connection

The Panama Papers expose, the biggest leak ever of a database, made possible by a unique journalistic venture, rocks governments, shines a light on po