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About 18 results for "1991 Crisis"

Great leaders never waste a crisis, Mr Modi

'We aren't so unreasonable as to demand that he should have fully reversed Indira Gandhi's worst economic legacy, bank nationalisation.''But he could have made a beginning by selling off the two most stressed small public sector banks, and then announced that each year for the next 10, one government bank with the most messed-up balance sheet will be sold.''It would have electrified the markets, shocked his other banks into better behaviour, and marked his name among the great reformers,' ... Rediff.com, 3 weeks ago
Rediff.com

5 things Modi should do to fix economy

When the Indian economy tanked in 1991, it did so because it ran out of foreign exchange. Today, it is tanking because it has run out of rupees even as the foreign exchange granary is overflowing, says T C A Srinivasa-Raghavan. Illustration: Uttam Ghosh/Rediff.com Everyone says the Indian economy is in crisis. Everyone has also agreed that bad policy, on one hand (demonetisation), and bad practice, on the other (GST implementation), have caused it.   Now two very old Bharatiya Janata ...
 Rediff.com2 months ago Economist Summers questions World bank's lending power  Business Standard1 month ago Coalition govts produce better economic growth: Ex-RBI Guv  Deccan Herald2 months ago
Rediff.com

TN's political crisis turns into constitutional one

The judiciary has often shied away from contesting the speaker’s right or that of the legislature, but it has not always avoided taking a close look at the processes employed and arrive at conclusions that are binding on all concerned, says N Sathiya Moorthy. IMAGE: Tamil Nadu Chief Minister K Palaniswami and Deputy Chief Minister O Panneerselvam being felicitated at AIADMK founder MG Ramachandran's 100th birth anniversary function in Ariyalur district on August 23, 2017. Photograph: ...
 Rediff.com2 months ago

Why this farm crisis?

City: New Delhi It is an epic challenge for the Indian farmers to gain maximum while in deficit and not lose when there is surplus production. A besieged central government, battling strategies to combat two consecutive years of drought, got its likely ...
 The Financial Chronicle3 weeks ago

Much Ado About Ratings

'The history of Moody's India ratings tells its own story,' points out T N Ninan. Illustration: Dominic Xavier/Rediff.com India's sovereign rating upgrade by Moody's Investors Service is a second shot in the arm for the Modi government, still reeling from domestic criticism for economic bungling. The first booster shot was the sharp improvement in the country's position in the World Bank's Doing Business rankings. It will be the icing on the government's cake if the July-September numbers on ...
 Rediff.com2 weeks ago
Rediff.com

'Indian economy can never go to ICCU'

'No finance minister has the capacity to put the economy in an ICCU just like no finance minister has the capacity to take it for 10% growth!' Illustration: Uttam Ghosh/Rediff.com "This Yojana business by governments must stop," M R Venkatesh, chartered accountant and political commentator, tells Rediff.com's Shobha Warrier. "The government must understand that the household is far more efficient and productive than any Yojana under the government," Venkatesh adds. "To tax households ...
 Rediff.com3 weeks ago PM Narendra Modi, Arun Jaitley has become synonymous of economic mismanagement: Congres  catchnews.com2 months ago Economic mismanagement has become synonymous with PM Modi, Jaitley: Congress  Sify2 months ago

Before Rahul: Profiles of those who helmed the Congress in the past

New Delhi : Rahul Gandhi's long-expected takeover of the Congress party is likely on December 4, the party indicated after a meeting of its top leaders at its chief Sonia Gandhi's 10 Janpath home in Delhi this morning. The party has announced the timeline for ...
 Sify3 weeks ago

Spain's most wanted: Ousted Catalan leader Carles Puigdemont

Catalonias deposed leader Carles Puigdemont, who has fled to Belgium and is facing an EU arrest warrant, has been a convinced secessionist since his youth, long before the issue moved to the centre of Catalan politics. Spanish prosecutors want to charge ...
 Deccan Herald1 month ago
Hard News Media

Time to rearm Marxist Theory

Author: Prakash Karat A hundred years after Red October, theory still lags behind in analysing and comprehending contemporary imperialism and capitalism and the changes they have wrought THAT THE RUSSIAN  Revolution had a profound impact on the 20th century ...
 Hard News Media1 month ago
Rediff.com

Modi's Third Year Blues

The classic Third Year or Mid-Term Problem has afflicted all but two prime ministers who have lasted a full term, give or take a few months this way or that, points out T C A Srinivasa-Raghavan.Illustration: Uttam Ghosh/Rediff.com The prime minister has come up with a spirited defence of his government's record of managing the economy. He even held what seemed to be an unscheduled meeting with the party president and the finance minister. The fiscal deficit, the current account deficit and ...
 Rediff.com1 month ago
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