Comparison between India and Bangladesh GDP misleading — former chief economic advisor
In a Twitter thread, Arvind Subramanian said that GDP per capita is only an estimate for one indicator of the average standard of living or welfare in a country.
States won’t move court over GST compensation, but want higher payout
The softened stance comes after the Centre agreed to borrow up to Rs 1.1 lakh crore to meet part of the GST compensation shortfall.
Demonetisation, GST, lockdown sans relief dealt body blow to Indian economy — Raghuram Rajan
At ThePrint's OTC, the former RBI governor said if huge levels of debt and financial distress hold back the economy, it will be a lost decade for growth.
To be the next China, India must first beat Bangladesh
The West wants a meaningful counterweight to China, but that partnership will be predicated on India not getting stuck in a lower-middle-income trap.
India’s women entrepreneurs look to survive the pandemic by remodeling their business
Bain & Co., Google, & AWE Foundation surveyed almost 350 women entrepreneurs and found that 54% had already made business shifts & another 24% planned to change by December.
Battery fires put BMW and Ford on the back foot just as electric vehicles take off
A flaw affecting a plug-in hybrid SUV in Europe will keep Ford from complying with tougher emissions standards this year. BMW and Hyundai are recalling tens of thousands of cars.
RBI’s truce with bond market at risk as Modi govt ramps up borrowing
Govt will raise an extra Rs 1.1 trillion via sales of three- and five-year bonds. The announcement comes just a week after RBI managed to damp tension with bond traders.
Bharat Petroleum seeking bids from global LPG suppliers again to cut Middle East dependence
The latest tender is aimed at getting better prices for supplies compared with those from the Middle East and to diversify sources of LPG.
How Modi govt’s farm reform laws could help turn India into ‘a food-export powerhouse’
Analysts and industry experts say the new rules would make it easier to sell crops, bring more stable income for farmers & increased production would boost exports and revenue.
Best time to invest in India is now, banker Uday Kotak says as he lists 5 ‘right sectors’
Banking sector ripe for significant structural change, market share of India's private sector banks will rise to about 50% over next decade, says Asia's richest banker Uday Kotak.
In his first Bihar rally, Narendra Modi shows Nitish Kumar his place
Narendra Modi’s pitch for Bihar: nationalism, Nitish, EBC vote.
Future rate cuts depends on moderation in inflation, says RBI Governor Shaktikanta Das
The reconstituted Monetary Policy Committee, which met from 7 to 9 October, had decided to keep the benchmark lending rates unchanged in view of the hardening of retail inflation.
Defence
Navy demonstrates combat readiness with video of missile destroying ship in Arabian Sea
The missile was fired by frontline corvette INS Prabal as part of a mega naval drill involving aircraft carrier INS Vikramaditya, attack helicopters, and aircraft.
NDA is sacrificial horse as Modi-Shah complete their Ashwamedha & redefine Indian politics
You like Modi-Shah’s new plan, good for you. If you don’t, you will need more than viral tweets to challenge this Ashwamedha.