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Economy

India’s Covid-ravaged states seek more funds from Modi govt

Tax collections have fallen sharply due to the lockdown, pushing state governments to ask the Centre for funds in order to avoid racking up debt.
File image of Reliance Industries chairman Mukesh Ambani | Photo: ANI

How India is becoming an unlikely Asian hotspot for mergers & acquisitions

Thanks largely to $15 billion of investments in Jio, India accounts for more than 12% of announced deals in the Asia Pacific region so far this year.
Representational image | Picpedia

Modi govt drops plan to merge 3 state-owned general insurance companies

Decision to merge the 3 companies — National Insurance Co Ltd, United India Insurance Co Ltd, and Oriental Insurance Co Ltd — ahead of their proposed listing was announced in 2018 budget.
Car manufacturing plant

Ease of doing business? India still has 1,536 Acts, 69,233 compliances for firms to follow

Analysis by TeamLease Compliance shows compliance burden remained onerous for firms in India. Govt says it has taken many steps but agrees more needs to be done.
A worker serves food to her children outside the Secunderabad railway station | Suraj Singh Bisht/ThePrint

Ethiopia, India top countries where poor nutrition is costing companies billions of dollars

The greatest productivity losses from being undernourished were in agriculture, mining & construction, with Ethiopia and India facing highest burden.
Air Asia Aircraft | Commons

AirAsia Group’s future is in ‘significant doubt’, Ernst & Young warns

Slump in air travel & AirAsia’s financial performance cast significant doubt on its ability to continue as a going concern, E&Y said in a report.
Prime Minister Narendra Modi | Photo: ANI

With fiscal deficit rocketing, Modi govt may have to go back to RBI for support: Economists

Facing fiscal deficit of 7%, Modi govt can get the Reserve Bank of India to buy sovereign bonds directly or boost dividends to help supplement revenue.
Drought in India

Global GDP could fall 20% over next 80 years due to climate change, economists warn

According to an analysis, tropical and subtropical countries whose average temperatures are already warmer than 15° C today face catastrophic economic degradation.
A rubber plantation in Kerala | Wikimedia commons

Why Kerala is planning to allow its famed plantations to grow exotic fruits

Lockdown, falling rubber prices & a reeling plantation sector have all forced the LDF govt to have a relook at land laws, considered sacrosanct in the state. 
A deserted road during the 'triple lockdown' strategy in Thiruvananthapuram on 6 July | ANI Photo

Kerala’s $14-15 bn 2019 remittances could see $2 bn drop this year – World Bank expert

Fall in remittances can hurt Kerala’s finances seriously. World Bank is working with state govt on ‘diaspora bonds’, to mobilise savings of expats.

On Camera

Uyghur Muslim women in the Grand Bazaar in Kashgar, Xinjiang, China

TV anchors outrage over Uyghurs in China, but stay quiet about Indian Muslims

After cheering the ban on Chinese apps, the latest coping mechanism of Indian TV news seems to be focusing on the plight of the Uyghur Muslims in China.
Pedestrians pass in front of the Nasdaq MarketSite in the Times Square neighborhood of New York, US (representational image) | Michael Nagle/Bloomberg

The next 3 months will reveal how badly global economy has been hit by coronavirus

Next 3 months stand to reveal the underlying economic pain more vividly than past 3 months as massive fiscal assistance from govts is soon going to fade.

Defence

A road bridge built by India between Durbuk and Daulat Beg Oldi in eastern Ladakh (representational image) | Photo: ANI

India, China to hold Corps Commander-level talks on 14 July at Chushul

The talks will focus mainly on the second phase of disengagement along the Line of Actual Control (LAC), said the Indian Army officials.
Illustration by Soham Sen | ThePrint

Uttar Pradesh is India’s broken heartland, break it into 4 or 5 states

Uttar Pradesh, our largest state by population and most powerful, is also the worst governed. A state with 1-in-6 Indians has no hope because of its size.