For long-term investors and for institutional entities with substantial balance sheets, the effect is marginal. The primary burden is borne by high-frequency retail traders.
The enhanced budget helps, but internal stock-taking and preliminary steps have to be taken before the tagline Sahkar Se Samriddhi—from co-operation to prosperity—becomes a reality.
Administrative efficiency and targeted schemes can ease frictions, but they cannot offset the competitiveness loss from expensive imported intermediates.
China, which harbours ambitions to control the Yarlung Tsangpo, as the Brahmaputra is known in Tibet, is moving ahead with its mega hydropower project at Motuo.
A sound tax system is one based on the ability to pay or economic surplus. But the STT taxes the circulation of capital and not its returns, making it deeply distortionary.
Union Budget brings home to markets the unpleasant reality of fiscal dominance where RBI ends up prioritising deficit financing over its primary function of inflation control.
General MM Naravane’s memoir—Four Stars of Destiny—reveals that he was left hanging by political leadership for more than two hours as Chinese tanks drove towards Indian positions.
The key to fighting a war successfully, or even launching it, is a clear objective. That’s an entirely political call. It isn’t emotional or purely military.
Great wisdom General!
But why did you not do that yourself when you were serving in the Army?
Such flashes of brilliance and deep insights count for little once you have retired.
Good article. China revolutionized the use of tunnel warfare when fighting the Japanese and again during their civil war. The Vietnamese and Koreans and Iranians learned from China and Hamas learned from North Korea and Iran.
Great wisdom General!
But why did you not do that yourself when you were serving in the Army?
Such flashes of brilliance and deep insights count for little once you have retired.
Good article. China revolutionized the use of tunnel warfare when fighting the Japanese and again during their civil war. The Vietnamese and Koreans and Iranians learned from China and Hamas learned from North Korea and Iran.