Calling the Modi government's budget "old wine in a new bottle", former finance minister and senior Congress leader P Chidambaram also slammed it for being directionless.
A sale of Air India, which hasn’t made money since its merger with Indian Airlines more than a decade ago, would boost Modi’s credentials as a reformer taking the state away from businesses.
Incentivising informal sector workers to save is good, but creating separate schemes for different groups divides an already fragmented pensions market.
In her budget speech, finance minister Nirmala Sitharaman said the channel will serve as a platform for startups to meet with venture capitalists, discuss growth and other issues.
As finance minister breaks with 1860s-era tradition, Chief Economic Adviser K. Subramanian says ‘bahi-khata’ departure from ‘slavery of Western thought’.
Crowded cities are rich because there is greater division of labour. The extent of the division of labour depends on the size of the market, wrote Sauvik Chakraverti in 2002.
With 20.2 percent of its total loans in default by the end of last year, Bangladesh had the weakest banking system in Asia. Despite reforms, it will take time to recover.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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