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Monday, June 5, 2023
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Standard Deviation

India innovates in labour. It doesn’t need the pressure to spend huge on R&D like US, Japan

+TFP TCA Sharad Raghavan -
India has cheap labour while conventionally R&D-intensive countries have cheaper capital. The whole debate on R&D needs to be recast to fit the realities here.
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Indian policymaking is good when cautious, botched when rushed. Learn from US banking crisis

+TFP TCA Sharad Raghavan -
India has done great in regulation because it took time to think things through. The US banking crisis should encourage Modi govt to avoid rush jobs like demonetisation.
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GDP data shows how well Nirmala Sitharaman handled pandemic economy. Critics judged too soon

+TFP TCA Sharad Raghavan -
The impact of pandemic meant that the revisions made to the data for 2020-21 and 2021-22, in particular, are even more significant than usual.
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Modi must shift from manufacturing to services. ‘Make in India’ needs course correction

+TFP TCA Sharad Raghavan -
Services' share in India’s GVA increased from 48% to 57% in 8 years without being the primary focus. Imagine what the sector can do if Modi govt sets its eyes on it.
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Govt pitching simplified income tax regime but a basic complexity remains

+TFP TCA Sharad Raghavan -
Why is a doctor employed by a hospital and on salary taxed differently than a doctor who has opened their own practice?
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Newsrooms, consultancies all abuzz but missing key question: Is Budget important anymore?

TCA Sharad Raghavan -
When GST was rolled out in India, proposals pertaining to 45-50 per cent of the government’s tax revenue were taken out of the Budget and placed under the GST Council.
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Bank harassment, hidden charges undoing gains of Modi’s PMJDY and financial inclusion

+TFP TCA Sharad Raghavan -
The government has merged several public sector banks to improve profitability. But users have not been informed of the complications these mergers have caused.
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Tax India’s corporates and super-rich more. They can and will take it

+TFP TCA Sharad Raghavan -
India's attractiveness as an investment destination is not based on its low tax rates. Give the super-rich basic amenities in return for the higher tax and they'll stay and pay.
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UPA-2 faced the same economic issues Modi govt does now. But there’s one difference

TCA Sharad Raghavan -
The Modi govt has to ensure that the 2024 Lok Sabha election doesn’t entice it to throw fiscal prudence out of the window like UPA-2 did.
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It’s time to end Budget secrecy, deal final blow to India’s colonial hangover

TCA Sharad Raghavan -
Budget secrecy isn't needed for a number of reasons, and doing away with it would actually benefit India's policymakers.
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Opinion

Restoration work underway at the site of the Balasore railway accident | representational image | ANI

Railway officers overburdened. Bring in technical experts, not IRMS to solve...

Satish K Vij -
Better maintenance procedures shall remain the backbone of railway operations. Outsourcing safety maintenance will be the wrong solution.
Union Railway Minister Ashwini Vaishnaw | File Photo: ANI

Ashwini Vaishnaw’s resignation issue aside, Modi must revamp his team and...

A train moves past a damaged coach, after the tracks were restored, at the site of a train collision following the accident in Balasore, on 5 June 2023 | Reuters

Rail privatisation shouldn’t be an afterthought post-Odisha collision. See Japan, UK

Economy

Caption: The Reserve Bank of India (RBI) seal is pictured on a gate outside the RBI headquarters in Mumbai | Reuters file photo/Danish Siddiqui

RBI deputy governor M Rajeshwar Rao urges banks to address shortcomings...

Siddhi Nayak -
RBI governor Shaktikanta Das requested the banks to strengthen governance to reduce financial instability following the collapse of several banks in the US.

Defence

Defence minister Rajnath Singh with US counterpart Lloyd Austin in New Delhi on Monday. |ANI

Rajnath-Austin meet sets stage for mega jet engine deal when Modi...

Snehesh Alex Philip -
India and US to initiate negotiations on 'security supply and reciprocal defense procurement agreement' to promote long-term supply chain stability.

National Interest

Illustration by Prajna Ghosh | ThePrint

Manipur saw ‘free’ India’s 1st flag hoisted. Now it’s BJP’s biggest...

Shekhar Gupta -
There are 3 things you never do in a small northeastern state: undermine local leaders, divide and rule, push homogenisation.

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