It is Time for Modi to be Firm on Development Agenda

Business Economics & Services Team (BEST)                             It is Time for Modi to be Firm on Development Agenda Modi Administration is making the right noises both in India and abroad. But the trillion dollar question is whether it will help fructifying the results. Admittedly, the administration's effort is to make India a happening place and is going all out to launch a host of programs, policies and legislation to convey that message loud...

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Five Fault Lines That Decided Against Rate Cut

Business Economics & Services Team (BEST)                                               Five  Fault Lines That Decided Against Rate Cut Despite the heavy pressure exerted on RBI Governor Rajan through multiple channels, it goes  to his credit that he stood the ground and refused to go for a rate cut. BEST has...

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Will China’s Interest Rate Cut Impact India?

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Rate Cut, Black Money and Kisan Vikas Patra

Business Economics & Services Team (BEST)                                    Rate Cut, Black Money and Kisan Vikas Patra Is RBI governor Rajan becoming more important than the Finance Minister? Going by the financial paper reports in India, one may get that feel. Everyone-from corporate honchos to economists-known and unknown-are clamoring for an early interest rate cut....

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Capital Account Convertibility of Indian Rupee

 Business Economics & Services Team                           Capital Account Convertibility of Indian Rupee The other day, I heard somebody, who poses to be one in the knowledge of what the government is going to do telling that soon the government will announce a road map for moving towards capital account convertibility of the Indian rupee. I felt that term he used road map was in appropriate since the...

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Labor Reforms in India - What They Portend?

There is a lot of talk about labor reforms in India.  Many reports have come that it will be unveiled soon. But still it is not clear what will be those reforms. There are conjunctures and predilections. But on one knows exactly what these reforms are. Will the government openly discuss these reforms with the stakeholders and  political parties? Today, there is a news in Times of India that the President has approved the amendments...

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Will the Hunt for Black Money Fall Flat?

Reports are emanating from different quarters about the seriousness of the government to curb the black money. We hear about close monitoring of the tax havens. Consultations with countries like Cyprus, Switzerland, Mauritius  etc are in progress. The latest is the proposed team from external affairs ministry  to visit Cyprus, which is reckoned as one of the top tax havens and a destination used for round tripping money through the...

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