PM Modi has sought to incentivise manufacturing in India through PLI schemes, but the components have come mainly from China, with Indian companies only engaged in assembling.
Oil prices are nearly 40% lower than they were in June 2022, when fuel prices were effectively frozen; yet, consumers have not benefited from this decrease.
There is a difference between protecting an investor from unscrupulous external action, and protecting them from themselves. The former is necessary, but the latter should be avoided.
Govt inaction has 3 impacts on e-gaming: smaller companies operating in grey market to avoid tax, bigger ones moving out of the country, and international companies pausing plans to enter India.
Since 2014, the Modi government has been aggressively expanding access to banking services and encouraging participation in the stock market. Simultaneously, it has sought to substantially boost GST revenue.
The incidence of GST is higher on the poor than rich. The public would be better off pushing for faster timelines for this rather than making plaintive appeals for income tax reductions.
If corporate India and the stock markets want stability, and PM Modi wants someone who unquestioningly follows his directions, then Sitharaman is the right person for the job.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
There were no plans to have Mk1A version. However, compromise was reached between HAL & IAF in 2015 since original plan for getting Mk2 would've been time-consuming affair.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
Till the diplomatic relationship improves, the economic engagement should be placed in a separate silo. Trade, investment, tourism. Cutting off access to such an immense economy, deeply integrated with the rest of the world, would be an act of self harm.
Till the diplomatic relationship improves, the economic engagement should be placed in a separate silo. Trade, investment, tourism. Cutting off access to such an immense economy, deeply integrated with the rest of the world, would be an act of self harm.