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The great balancing act by Jaitley on social and fiscal fronts

The big relief is that Arun Jaitley's fifth budget largely steers clear of the many traps that ensnare budgets before a series of big elections.
Senior Congress leader P. Chidambaram

Modi’s call for ‘one nation, one election’ is a jumla: P. Chidambaram

Former finance minister says the idea is impossible to execute under the present Constitution of India, also takes on government on the issue of job creation.
File image of Arvind Subramanian | PTI Photo by Kamal Kishore

Lost miracle: How India wasted an opportunity to add $200 billion to its economy

The three stars of a ruling party's Parliament majority, development agenda and low oil prices may never align again, that is the biggest takeaway from Economic Survey 2018.
Slum against city

India is among the least inclusive in G20 countries: WEF Report

Inclusive Development Index ranks India 62 out of 74 emerging countries, with regional competitors like Pakistan ranking 15 positions ahead.
World Bank

World Bank sees India’s growth outpacing China’s in FY 18-19

Report on Global Economic Prospects report says India’s growth will reach 7.3% compared to China’s 6.4%; private investment is expected to revive.
an illustration depicting Finance Minister Arun Jaitley

Arun Jaitley should tax investors in the budget, but not spook them

The recent claims made by the Finance Minister may be accurate, but that won't mitigate the challenges for this government's final Union Budget.

Poor private investment a key concern for Indian economy: UN Report

GDP forecast for 2018 and 2019 is 7.2 per cent and 7.4 per cent respectively, according to World Economic Situation and Prospects Report, 2018.
RBI

RBI expected to keep policy rates unchanged

Experts agree that inflationary pressure, added to the upward curve in GDP growth in Q2, could convince the RBI to maintain its current rates.
Is Modi Government trying to hide the real GDP? | Illustration by PealiDezine

India can hope to grow its GDP steadily, but not sharply

India's economy is set to grow, but at what pace is the question.
A Kashmiri labourer works inside a silk factory on the outskirts of Srinagar

Higher Q2 GDP numbers are good news, but matter little for the common man & real economy

Higher GDP numbers for Q2 are good news, but an improvement of 0.6 per cent over the previous quarter is practically within the range of statistical error

On Camera

An employee sits on a video call at the Unicredit SpA headquarters in Milan

Why shrinking offices and hot-desking are bad ideas, Covid or no Covid

Employees’ demands for flexible working will include spacious offices. Given the relative savings, slashing floor space is a false economy.
Oil Facilities And Services Ahead Of Final Year Figures After Demonetization Induced Fluctuation

Diesel demand drop forces India to import gasoline as Covid skews output

The slump in diesel demand is forcing refineries to operate below capacity, but gasoline sales are back at pre-virus levels with people resorting to personal vehicles.

Defence

File image of the OFB pavilion at DefExpo 2016 | Representational image | Twitter | @SpokespersonMoD

Army says ‘poor quality’ Ordnance Board ammo, mines have cost India Rs 960 crore since 2014

Pointing out these shortcomings in an internal assessment, the Army has thrown its weight behind government plans to corporatise the OFB to make it more efficient.
Narendra Modi and Amit Shah | File photo: T. Narayan | Bloomberg

Partners dispensable in Modi-Shah construct if they do not bring additional votes

In the Modi-Shah construct, if partners do not bring additional votes, they are dispensable. However old or loyal, either they become supplicants, or die.