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PM to meet CMs again, Union Budget likely to open purse-strings for states
Prime Minister Narendra Modi, who as Gujarat chief minister argued that states know best to utilise the money, is likely to give the first indications of a changed approach in a meeting with all chief...
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Union Budget 2015: Finance Minister Arun Jaitley’s Victor Hugo moment
Arun Jaitley’s budget for 2015-16, to be presented today, will be significant for being the 25th of the post-reform era. Union budgets being analysed threadbare and their presentation getting elevated...
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Reserve Bank of India could keep hold on money market levers
A provision in Budget 2015, seeking to shift regulation of money market instruments away from the RBI, was red-flagged by the central bank, which cited the impact on monetary policy. The Finance...
View ArticleCriconomics book review: A different ball game
Criconomics Surjit S Bhalla & Ankur Choudhary Rupa R295 Pp 180 If you had been to some of India’s famous cricket grounds—Chepauk, now called the MA Chidambaram Stadium; Eden Gardens in Kolkata; the...
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The problem with P-Notes, why tackling them has proved tricky
With more broadbased flows and greater global pressure now on checking illicit fund flows, it should be possible to phase out PNs over the medium term. (Reuters) The Sensex slid over 500 points on...
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Financial sector reforms should be carried out over the next five years:...
“Over the next five years, we should do it and it is the right time. There is nothing wrong now. When will we do it otherwise, when there is a crisis?” told Justice BN Srikrishna. (Express archive...
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Slow start, rapid growth: Story of India’s mutual funds industry
Over a decade on, it is a reflection of the transformation of the industry that UTI Mutual fund is no longer at the top of the pecking order. (Thinkstock) In the mid-80s, a little after the Bofors...
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Vijay Mallya row: Once upon a time there was a king
Vijay Mallya row: By 2009-10, Kingfisher Airlines had accumulated a debt of over Rs 7,000 crore. It continued to pile up losses and had already turned net-worth negative the previous financial year....
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Thinning small savings cushion, coming of EMIs
NDA government recently lowered rates for PPF and other products. (Thinkstock) In May 2004, while campaigning in his Lok Sabha constituency Hazaribagh in Jharkhand, sitting MP Yashwant Sinha...
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From crisis to boom to crisis all over again: The journey of Steel
Iron and steel was taken off the list of industries reserved for state-owned firms, compulsory licensing went, prices were progressively de-regulated, foreign investment up to 74% was allowed, and...
View ArticleIn fact: The good and not-so-good in the Mauritius tax treaty
A little after Prime Minister Narendra Modi visited Mauritius in March 2015, India’s negotiators were at work on redrawing a historic agreement signed over 30 years ago between the two governments....
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Beyond The News: After victory high, fiscal worries for LDF, Mamata and Jaya
At 35.5 per cent, the debt-GDP ratio is even higher for West Bengal. Interest payments account for 22.5 per cent of West Bengal’s revenue receipts — the worst for any state. (Express Photo) Having...
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