The ranking vindicates the reformist measures undertaken by the Modi government. But further improvement requires vanguard action from states and local governments.
No job cuts, but Tamil Nadu’s firecracker factories reduce production and slash wages of workers; allied industries like packaging and transport also hit.
The Narendra Modi government has invested too much time and capital to further its political conquest. Today's crisis shows it may be left with too little time in this term to refocus on governance.
Once famous for its leather business, Dharavi shops are badly hit by the 2015 Maharashtra govt order curbing supply of bullock hide as well as note ban and GST.
The civil aviation ministry could have recognised the enormity of the Air India crash and prepared the AAIB and its investigating team for its sensitivities.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
As the writer is a well known financial expert I was expecting data to support his views.It is true the demonetisation has adversely effected the construction industry where the dealings were in BLACK at least 30-35%.The hotel industry has also seen the pinch as unaccounted money is in short supply.
Other than these I have not heard any major complaints from any other business.
GST has made people to pay tax.sales “without bills are still in vogue and it will take time to bring ALL SALES with in tax regime.But there is improvement and the complaint about hardship is minimal from traders.If the Govt help and support Small Scale Industries to manufacture and buy ancillaries for Defence,Railways etc.they will not suffer.Govt may meet and listen to problems of SSIs through their Assns.
In the world which feels a strong need for soft capitalism and universal basic income, the party in power must take cognisance of one reality: when someone has nothing to lose, he/she still has one vote with which to fight back. Modi government in its quest for radical reform- assuming that it has good intent – must focus on two things in run up to 2019: ensure small victories for the 1.25 billion citizens (low food inflation, for example) and, resist from declaring ‘India shining’ kind of victory in this term.
Amitabh Kant gave the best response; You can not expect India to be a US $ 5 trillion economy with 40% of GDP coming from unorganized sector. The only way to “Nudge” the informal economy to become formal is by shock treatments like Demonetization and GST
Culling the weak and the unviable might sound acceptable in an Ayn Rand novel, not in India’s democracy. Observe how little India’s first genuine right wing government with an absolute parliamentary majority has been able to deviate from the economic orthodoxy of Mrs Gandhi. The helming and the mentoring of the economy can be greatly improved upon.
As the writer is a well known financial expert I was expecting data to support his views.It is true the demonetisation has adversely effected the construction industry where the dealings were in BLACK at least 30-35%.The hotel industry has also seen the pinch as unaccounted money is in short supply.
Other than these I have not heard any major complaints from any other business.
GST has made people to pay tax.sales “without bills are still in vogue and it will take time to bring ALL SALES with in tax regime.But there is improvement and the complaint about hardship is minimal from traders.If the Govt help and support Small Scale Industries to manufacture and buy ancillaries for Defence,Railways etc.they will not suffer.Govt may meet and listen to problems of SSIs through their Assns.
In the world which feels a strong need for soft capitalism and universal basic income, the party in power must take cognisance of one reality: when someone has nothing to lose, he/she still has one vote with which to fight back. Modi government in its quest for radical reform- assuming that it has good intent – must focus on two things in run up to 2019: ensure small victories for the 1.25 billion citizens (low food inflation, for example) and, resist from declaring ‘India shining’ kind of victory in this term.
Amitabh Kant gave the best response; You can not expect India to be a US $ 5 trillion economy with 40% of GDP coming from unorganized sector. The only way to “Nudge” the informal economy to become formal is by shock treatments like Demonetization and GST
Culling the weak and the unviable might sound acceptable in an Ayn Rand novel, not in India’s democracy. Observe how little India’s first genuine right wing government with an absolute parliamentary majority has been able to deviate from the economic orthodoxy of Mrs Gandhi. The helming and the mentoring of the economy can be greatly improved upon.