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Hands In The Pocket
Outlook India

Hands In The Pocket

In less than two weeks, first Prime Minister Narendra Modi and then RBI governor Raghuram Rajan have all but accused the Indian business sector of lacking in innovation and fighting spirit—to be more precise, animal spirit—as there is a ... Outlook India, 1 week ago

India's economic team must make up for lost time to revive growth

The finance ministry and RBI must get less conservative and improve co-ordination, notes Ajay Chhibber. The US Federal Reserve's decision not to raise interest rates signals that it is more concerned about deflation than it is about inflation. The Fed is trapped in its own "Chakravahyu" - it got into an extended quantitative easing (QE) but does not know how to get out of it. Japan and the EU are still pushing out more QE. Many emerging market (EM) central banks, including China's, have ...
 Rediff.com1 week ago

Report on uniform GST rate by month-end

(Representational Image) The GST would bring in revenue bonanza for the states and will boost GDP growth New Delhi: The government panel set up to suggest a uniform rate of indirect tax under the GST regime will submit its report by this month-end and the ...
 Asian Age2 weeks ago

Tumbling prices boost expectations for more rate cuts

The wholesale prices tumbled for a tenth straight month in August, pressured by falling fuel costs, bolstering prospects of an interest rate cut by the Reserve Bank later this month. The wholesale price index (WPI) fell an annual 4.95 per cent last month ...
 The Financial Chronicle3 weeks ago Tumbling prices in India boost expectations for more rate cuts  Rediff.com3 weeks ago
Business Today India

Inflation likely fell further in August: Reuters

India's inflation probably cooled further in August, data on Monday is expected to show, adding pressure on the cautious Reserve Bank of India (RBI) to cut interest rates again as soon as this month to spur economic growth. With price pressures at ...
 Business Today India3 weeks ago Cooling inflation to fuel calls for lower interest rates  Reuters India3 weeks ago Cooling Inflation Seen Fueling Calls for Lower Interest Rates  NDTV Profit3 weeks ago Cooling inflation in India to fuel calls for lower interest rates  Livemint.com3 weeks ago

Black money may be govt's white knight

The Modi government could net a handsome Rs 20,000-25,000 crore in taxes and penalties under a special three-month compliance window opened in early July for Indians to reveal their undeclared overseas wealth, people aware of the trend in these ...
 MSN News US3 weeks ago

Why governments fail in delivering what they promise

Poor predictability, credibility and effectiveness of fiscal performance have been key reasons for successive governments failing to deliver on their promises, in large part because the finance ministry business process remains unreformed to this day, says Rathin Roy. Image: Be it poverty, child labour or unemployment, the government must take adequate steps to eradicate such problems from the society at large.. Photograph: Reuters Last year, I wrote in the Business Standard urging government ...
 Rediff.com1 month ago
Media Nama

Payment bank entry process considered inconsistent with the rule of law

by Shubho Roy and Ajay Shah First best Banking is the business of accepting deposits from the public with the promise of repaying such deposits on demand at an agreed rate of return. Payments is a distinct business from banking . A payment ...
 Media Nama1 month ago
Indian Express

GST, by other means

A full-fledged GST will take time in the present political environment. But the Union government can begin by transforming its own indirect taxes into a GST at the manufacturing stage. There are questions about the feasibility of introducing the ...
 Indian Express1 month ago

MPC: Many is better than one

In October 2008, decorated economist and former US Fed chairman Alan Greenspan conceded that the presumption guiding his approach to monetary policy for 18 years was flawed. His determination to maintain a prolonged period of low interest rates, ...
 Livemint.com2 months ago
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