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Tuesday, May 21, 2024
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Economy

Record Rs 1.13 trillion GST collection in April is an exception rather than the rule

Govt needs to more stringently implement programmes to discourage tax evasion & boost compliance of direct & indirect taxes to make this a trend.

Modi govt’s Uday scheme loses steam, power discom debts back to pre-2015 levels: Crisil

Report by rating agency Crisil suggests government 's Uday scheme not working, says states may implement another bailout or take 'hard decisions'.

Airtel preparing to kick off IPO of $5 billion Africa arm in May

Airtel has operations in 14 African markets including Kenya, Tanzania, Nigeria and Ghana.

Services sector output drops to 7-month low in sign of weak growth

The PMI survey showed input costs and output charges remained weak by historical standards, keeping inflation below RBI's 4% medium-term target.

Modi govt’s MUDRA is feeding dreams of your local beautician, grocer… and bad loans

Launched in April 2015, MUDRA has managed to meet the aspirations of entrepreneurs across India. But it may also be fuelling an NPA crisis.

Why political meddling with central banks, like in India, is a terrible idea

Undoing the consequences of political meddling and restoring faith in a central bank – and the country’s currency – often requires a lot of short-term pain.

China’s war on healthcare costs opens big window for India’s Sun Pharmaceuticals

China's ambitious multi-city bulk procurement program provides an opening for Indian manufacturers to compete.

India needs a minister of investment, not just finance

India needs to open doors to US & Japanese capital, marshal & allocate every scrap of funds prudently to break free from the lower-middle-income trap.

Confident of return, Modi govt nudges finance ministry to work on budget & Economic Survey

Senior finance ministry officials have started discussions with ministries and departments to work on the budget & Economic Survey. Focus is on social and rural sectors.

An economist explains what happens if there’s another financial crisis

The big concern is that governments do not have the policy tools they had in 2008 to prevent a financial shock turning into a freefall.

On Camera

Nancy Tyagi at Cannes is instantly iconic. Commenting on Aishwarya Rai is so last decade

Her saree could easily give Sabyasachi’s Met Gala creation a run for his money. Alia Bhatt’s ‘Garden of Time’ saree was a product of 163 artisans, Tyagi is a one-woman show.

What’s geopolitical recession? World seems to be heading for one

The long-term rise of China and the 'Global South', combined with a decline of European and Japanese economic power is driving a fundamental shift.

With defence push, India looks to capture markets in Africa beyond western Indian Ocean

India’s defence sector is trying to penetrate the African market. But with China already extending significant influence, India must now play catch-up.      

Abki baar 90 paar for Congress? Why even 30 more seats will ruffle BJP

Discussion about outcome of Lok Sabha polls continues to boil in cauldron of expectations only from BJP. Now reverse this equation, what if we asked about the performance of the 'loser'?