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gdp

‘Car economics’ to explain India’s skewed growth model

Somewhat like ‘thalinomics’ of Economic Survey of 2019-20 which measured household incomes and “dosa economics” of Raghuram Rajan in 2016 to explain inflation, ‘car economics’ explains the higher-growth-higher-inequality paradigm

Read more January 20, 2023 at 3:08 pm Prasanna Mohanty

Trade deficits hit $111 billion in November 2022 – up by 135%

Import barriers are self-inflicted wounds which is not only disabling the fourth growth engine – exports – but also increasing forex outflows

Read more December 25, 2022 at 12:42 pm Prasanna Mohanty

The Fiscal Challenges of the Realization of Workers’ Rights: Do They Exist?

For the past 36 years, banks' pensions have not been upgraded. No social security, like universal basic income, is considered. The vast majority of unorganised sector workers (94%) do not have access to provident...

Read more December 23, 2022 at 4:43 pm Thomas Franco

Recession – What India should do?

Contrary to the claims of the Finance Minister, India is in recession. Even the RBI agrees. Inequality is on the rise. From jobless growth, we are in 'job loss' growth. Study after study confirms...

Read more November 29, 2022 at 1:42 pm Thomas Franco

While the RBI was sleeping…

Nearly a month after Maruti Suzuki chairman RC Bhargava raised a stink by saying that people’s ability to buy small cars has eroded and would continue to decline next year and national dailies reported...

Read more November 23, 2022 at 12:39 pm Prasanna Mohanty

Worshipping Ambani, Adani? Lower tax for the rich ‘means’ higher tax for the poor

The Indian tax system has been regressive for long with direct tax contributing less than indirect tax – contrary to what happens in developed economies. It is also known that tax incentives benefit corporates...

Read more March 14, 2022 at 7:19 pm Prasanna Mohanty

Budget, Push for Privatisation and Outright Frauds

Touted as the first paperless budget, the budget 2022 was after all a people-less budget that was far removed from the pressing concerns of the day. This was starkly similar to the Economic Survey...

Read more February 23, 2022 at 3:54 pm Ashish Kajla

The Futility of Per Capita Comparisons in Unequal Societies

A few months ago, a news made headlines, doing rounds in the social media about how it was a matter of much shame that India had fallen behind Bangladesh on the metric of Per...

Read more October 1, 2021 at 12:51 pm Nishank

Time to give Covid burial, not suspend, World Bank’s ‘flawed’ Doing Business ranking

On August 27, the World Bank came out with a statement suspending the Doing Business Report. The statement said that a number of irregularities have been reported regarding changes to the data in the Doing Business...

Read more September 7, 2020 at 12:36 pm Maju Varghese

Breakdown of Finance Minister’s Atmanirbhar Bharat

Finance Minister gave a press statement and a document of 27 pages has been released. Everybody is hoping now for the other parts. When the economy is in crisis everyone hoped for relief package...

Read more May 14, 2020 at 1:00 pm Thomas Franco

Random Reflections-Finance Minister on the rampage guided by BCG

Ms. Nirmala Sitharaman while unveiling EASE 30 Public Sector Bank Reform plan stated, “Your good will is lost, personal connection is lost, assessment at the bottom level is lost… forgetting branch level connect with...

Read more March 5, 2020 at 12:04 pm Thomas Franco

Pre Budget Musings

Starting with GDP, in the 2nd quarter of 2019-20 the real Gross Domestic Product (adjusted on base year price) of the country has been recorded at 4.5%, which is the lowest in last 6...

Read more January 30, 2020 at 4:04 pm Soumya Dutta

CSOs Slam Government’s Repeated Seeking of Funds from RBI

New Delhi, 13 January 2020: FAN India (Financial Accountability Network India), Indigenous Perspectives Environment Support Group, INSAF, Devidas Tuljapurkar, Joint Secretary, All India Bank Emplyees Association (AIBEA), All India Union of Forest Working People...

Read more January 17, 2020 at 2:31 pm CFA

Of GDP and Tax Cuts…

More than Rs. one lakh crore (Rs. 1,08,785.41) revenue forgone due to exemptions availed by corporates in 2019 , informed the Finance Ministry answering a question yesterday (Nov 2) in the Lok Sabha. For...

Read more December 1, 2019 at 3:05 pm Priya Dharshini

Why did the economy slow down? Making sense of GDP at 4.5%

This economic slowdown comes at a time when crude is a benign $55-$58 a barrel, and world economy continues to grow modestly. So in a very broad & general way, for instance you were...

Read more November 30, 2019 at 9:04 pm Sonali Ranade

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