domestic steel prices jacked up by a cartel

Cartel at work? Steel prices skyrocket amid economic crisis

Earlier this year, MSME minister Nitin Gadkari had flagged the issue of cartelisation, saying producers are jacking up cement and steel prices despite static input costs. Read more »
indian railways to get 4G spectrum

4G spectrum will help Indian Railways step up safety, security

Indian Railways will use 4G spectrum to implement ATP system to prevent accidents and upgrade its communication network, bringing a paradigm shift in its operations. Read more »
India's foreign exchange reserves cross $600 billion

Foreign exchange reserves surpass $600 bn; What does it mean to Indian economy

India’s foreign exchange reserves may not be built on a strong foundation as 61% of its external debt is of short-term nature and will mature in a year. Read more »
Global minimum tax is a big step towards international tax reforms

Will global minimum tax disrupt India’s tax regime?

Global minimum tax is a commendable step towards international tax reforms, but its success depends on whether countries like India would agree to revoke their digital levies. Read more »
The global minimum tax will make multinational corporations pay tax

Global minimum tax explained: Abuse of tax havens to end, big tech to come under tax net

The proposed global minimum tax will make multinational corporations pay a minimum 15% tax on their profits, ending misuse of double tax avoidance treaties. Read more »
India's agriculture exports rise

India’s agriculture exports rise 17.34% to $41.25 billion

In rupee terms, the country's agriculture exports rose 22.62% in 2020-21 to Rs 3.05 lakh crore. Read more »
Atma Nirbhar Bharat Package offers nothing to informal sector workers

Atma Nirbhar Bharat Package offers little to informal sector

Atma Nirbhar Bharat Package provides some basic benefits to informal workforce, but offers no solution for reducing informality in labour market. Read more »
stock market amid covid-19 crisis

Young Indians flock stock market amid Covid-19 crisis

Stock market needs a long-term game played with test match temperament rather than a T-20 mindset. Read more »
RBI monetary policy committee keeps rates unchanged

Monetary policy: RBI keeps rates unchanged, cuts growth forecast

RBI monetary policy committee has kept the repo rate unchanged at 4%, the reverse repo rate at 3.35%, and the marginal standing facility rate and the bank rate at 4.25%. Read more »
India: Slowing economic growth, rising unemployment

‘India’s unemployment crisis unprecedented; government spending only way out.’

Not coming up with a large fiscal stimulus was a mistake that led to a fall in economic growth rate and rise in unemployment levels. Read more »