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Finance Minister Nirmala Sitharaman launches the rupees-dollar futures and options contracts on two international exchanges, BSE’s India INX and NSE-IFSC, at GIFT IFSC in Gandhinagar, Gujarat, through video conferencing on May 8.

Dystopian pipe dream

The reluctance of the Narendra Modi regime to extend fiscal support to those in real need of help during a prolonged lockdown suggests that it is prom
V. Sridhar
Trucks  stranded along a road following the lockdown, in Thane on April 1.

Economy in deep freeze

The Indian government has failed not only to address the health emergency posed by the virus but address the cataclysmic impact it would have on lives
V. Sridhar
Finance Minister Nirmala Sitharaman addressing the media to announce a package of measures to help the poor in view of the lockdown, in New Delhi on March 26.

Smoke and mirrors in the time of the COVID-19 pandemic

The package, which carries a name that has an ironic ring to it—Pradhan Mantri Garib Kalyan Yojana—apparently touches all the right bases. But the poi
V. Sridhar
Rana Kapoor, Yes Bank founder, in ED custody on March 8.

Rescue act, again

By forcing SBI to take over Yes Bank, the government and the Reserve Bank of India appear to have abdicated their responsibility to ensure the systemi
V. Sridhar
In Mumbai’s Lokmanya Tilak Terminal, migrant workers wait to take trains to their home towns in the wake of the shutdown announced by the Maharashtra government, on March 21.

Activists, academics seek relief measures for people affected by lockdown

A group of more than 50 academics and social activists have urged the Union Government and the States to urgently undertake measures to provide immedi
V. Sridhar
Businesses closed in Chennai’s shopping district T. Nagar following a State government order aimed at preventing the spread of COVID-19. Photograph on March 20.

Economic burden

As the global economy heads towards an unprecedented collapse in demand, India under Narendra Modi sticks to fiscal fundamentalism when even diehard r
BY V. Sridhar
The Lucknow-Delhi  Tejas Express, India’s first “private” train, run by the IRCTC, when it was flagged off at Lucknow’s Charbagh station on October 4, 2019.

Railways: Rush to disaster

The Modi regime’s move to restructure apex-level managerial positions in the Indian Railways by merging diverse categories into a single service, unde
V. Sridhar
LIC employees protest against Finance Minister Nirmala Sitharaman’s announcement that the government plans to sell a part of its holding in the corporation, in Mumbai on February 3.

LIC 'disinvestment': Outrageous idea

The Finance Minister’s announcement of the intention to sell a part of the government’s “stake” in LIC, India’s largest financial institution, sparks
V. Sridhar
Chief Economic Adviser Krishnamurthy V. Subramanian presents the Economic Survey 2019-20 at a press conference in New Delhi on January 31.

Economic Survey 2019-20: Glossy economics

The Economic Survey for 2019-20 has little to offer on the ongoing economic crisis and reflects the government’s scant regard for either economic stat
V. Sridhar
Finance Minister Nirmala Sitharaman arrives to present the Budget on February 1. Minister of State for Finance Anurag Thakur is also in the picture.

Neither growth nor justice

The Narendra Modi regime appears to have perfected the art of subterfuge in Budget making, robbing it of its importance as an exercise in economic ac
V. Sridhar
Commerce Minister Piyush Goyal speaks to mediapersons on the issue of electoral bonds, in New Delhi on November 21.

Electoral bond scheme: Hidden bonds

A media expose shines the light on the Modi regime’s subterfuge in preserving the opaqueness of the electoral bond scheme, which ensured that only the
V. Sridhar
At a toll plaza in Tamil Nadu, announcing FASTag.

The FASTag fiasco

Three years after the colossal failure of demonetisation the Narendra Modi government has embarked on a similar venture, the FASTag programme, this ti
V. Sridhar
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