Capitalistspeak | Book Review – The Struggle and the Promise: Restoring India’s Potential by Naushad Forbes

Reading Naushad Forbes’ book The Struggle and the Promise, several cartoons by RK Lakshman and little quotes from the works of PG Wodehouse come as a surprise in a book on economics. Clearly, the author has a great sense of humour that is displayed through the book, which otherwise provides a purely capitalist view on … Read more

The state of inequality in India

There are different kinds of inequalities in India that are multidimensional and intersectional in nature. While multidimensional poverty has been an area of study in the field of developmental economics since the early 2000s, multidimensional inequality is a fairly new perspective. Such an approach focuses on the interrelationship between different variables like income, labour, education, … Read more

State of economy cause of ‘extreme concern’: P Chidambaram at Congress Chintan Shivir

Asserting that the state of the economy is a cause of “extreme concern”, senior Congress leader P Chidambaram on Saturday said taking into account global and domestic developments, it may be necessary to contemplate a reset of economic policies. Addressing a press conference, Chidambaram said a slower rate of growth has been the “hallmark” of … Read more

Inflation nation: Tighten your belts. Current price rise cycle will likely be long and grim

Even the gods, it seems, are being singed by inflation, if the experience of devotees like Shekhar M Shetty is anything to go by. Faced with the rising prices of nearly everything, one of the expenses the 68-year-old entrepreneur has cut back on are his offerings to the divine. “If I used to spend around … Read more

ET Awards 2021: ‘RBI rate hike much needed to tackle inflation, but won’t hurt capex’

The Reserve Bank of India’s (RBI) recent move to increase repo rates by 40 basis points was much needed to tackle surging inflation, and more such steps may follow, said top bankers and industrial bigwigs at a star studded ‘The Economic Times Awards for Corporate Excellence, 2021’ held on Saturday. They however added that the … Read more

Govt easing compliances to exit business, data privacy, cyber security key: Piyush Goyal

Commerce and industry minister Piyush Goyal on Thursday said that the government is trying to reduce the compliance and regulatory burden so that it becomes easier to operate, grow and exit, from businesses amid green shoots of investment coming back to India. “There’s been huge growth in manufacturing investment of late. I can see the … Read more

Gradual shift from informal to formal for MSMEs

There is a huge corpus of work emphasizing the importance of formalization and the persistence of informality in the economy. Representing a major feature of labour markets worldwide, the informal sector consists of activities operating outside the regulatory framework that would potentially add value to tax revenue and the GDP but go unaccounted. A recent … Read more

Things that bring recent savings glut of the ultra-rich into sharp focus

The spring meetings of the World Bank and the International Monetary Fund (IMF) ended with a surprise attack by senior US officials. Treasury secretary Janet Yellen and deputy national security advisor Daleep Singh said the two institutions were not equipped to handle multiple economic crises currently facing the world, and even less ready to face … Read more

Hiking interest rates to tame inflation not ‘anti-national’: Former RBI chief Raghuram Rajan

Former RBI governor Raghuram Rajan on Monday said the central bank will have to raise interest rates to tame inflation and the hikes need not be considered by politicians and bureaucrats as some “anti-national” activity. Known for his frank views, Rajan also said it was important to remember that the “war against inflation” is never … Read more

NITI, UNICEF tie up for development goals for children

The NITI Aayog and UNICEF have entered into a collaboration to jointly develop a comprehensive measure to understand the multidimensional attainments and deprivations among children in India across health and nutrition, education, water and sanitation, household living standards and protective environment. The aim is to analyze the status of children around critical child related Sustainable … Read more