A couple a days ago the chief economic advisor of Modi government Mr. Arvind Subramanian said that India’s current employment challenge is particularly difficult as sectors that did well in generating jobs in the country’s previous economic boom years — information technology (IT), construction and agriculture – are in trouble now. The IT sector that […]
17
May
May
The Narendra Modi government of India is trying desperately to bring more people inside its tax net (sic) since it came to power 3 years ago e.g., they tried drastic measures like demonetization, making Aadhar card compulsory for filing IT-returns, linking it with bank accounts and PAN card etc. Continuing the same trajectory, the finance […]
12
May
May
Since the Narendra Modi’s BJP government came to power in 2014 the dreaded military industrial complex[1] is taking its firm roots in India e.g., recently the present defense minister of India Mr. Arun Jatiley held consultations with representatives of Chambers of Commerce and Industry (CII) on the proposed Strategic Partnership (SP) model meant to promote […]
11
May
May
The Indian companies are trapped between the Scylla of worsening economic condition world over – e.g., rising nationalism and its corollary protectionism, slowing world economy amidst the huge government, corporate and household debt overhang, increasing trend of automation amidst socialist economic policies etc., – and the Charybdis of increasing government interference, in the form of […]
08
May
May
A recent Presidential Ordinance legally empowered the Reserve Bank of India (RBI) to enforce expeditious resolution of non-performing assets (NPAs), aka bad loans, of Indian banks. The problem of Nonperforming Assets (NPAs) of banks has become very grave over a period of time. According to estimates Indian banks, mostly public sector banks like the SBI, […]