The decision by Tamil Nadu government to draft in Esther Duflo, Raghuram Rajan, Arvind Subramanian, and Jean Dreze as advisors to the chief minister is a step in the right direction. Read more »
Policy rate cuts may not address inflation as a large part of the increase in prices during the second wave of Covid-19 came from rising commodity prices. Read more »
The driving forces in the new world will be inclusion, equity, diversity and comprehensive availability. All corporate decisions will be linked to ESG outcomes. Read more »
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 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 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 »
In rupee terms, the country's agriculture exports rose 22.62% in 2020-21 to Rs 3.05 lakh crore. Read more »
Stock market needs a long-term game played with test match temperament rather than a T-20 mindset. Read more »
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 »
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 »