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.
Why. That is the only anguished query that one can summon.
According to our socialist leaders, money should not be spent on strong naval presence, but only on freebies, subsidies, and loan waivers.