The Modi government is embroiled in an alleged corruption case of Rafale Jet deal with the French government. Opposition parties are now gunning for the resignation of prime minster Narendra Modi. They have accused him of personally influencing and altering the deal, which was originally put in place by the former UPA government, to benefit […]
Category Archives: Commentary
13
Sep
Sep
A mud-slinging exercise is going on between the former Congress and present BJP government about who is responsible for the mounting non-performing assets (bad loans) problem. Political parties, as usual, are blaming each other for this mess. Former RBI governor Dr. Raghuram Rajan implicated bankers themselves for this problem. In a note on bank non-performing […]
15
Aug
Aug
The turmoil in the Forex market continues and with it the collapse of Indian currency rupee. The Indian currency rupee breached the level of 70 against US dollar for the first time in its entire history. And this fall isn’t finished yet. The chances of it falling further are high. In the aftermath of this […]
09
Aug
Aug
The Informal sector is what keeps India moving. That part of the market keeps on working and so you get your daily milk, vegetables and newspapers delivered to your doorsteps. According to ILO, close to 81% of the Indian jobs are in this informal sector. Informal sector is the backbone India’s economy. Since coming to […]
27
Jun
Jun
Last year the government of India passed a bill extending maternity benefit leave from 12 weeks to 26 weeks for the pregnant women with lot of fan-fare. The objective of this law was to protect the employment of women during the time of pregnancy and entitles them to full paid absence from work to take […]