Scrapping ‘outdated and anomalous’ tax will trigger lower borrowing costs, ensure stronger rupee and healthier forex position, and boost economic growth because of lower capital cost.
Millions of new investors have entered the Indian equity market. This deepening equity cult needs to be nurtured by practices that lead to long-term wealth creation in the economy.
For oil-importing India, the combination of a weaker currency and surging oil prices is a threat not only for the current-account deficit, but also inflation.
On 10 August 1958, PM Jawaharlal Nehru addressed the Congress Parliamentary Party Meeting in Delhi, condemning the widespread protests against the Communist govt in Kerala while also opposing police firing.
Combined sales of urea, DAP, MOP and complex fertilisers rose 25 percent in April even as Modi asked farmers to cut chemical fertiliser use by up to half to save soil and foreign exchange
The young people broke the self-imposed silence among the elite not to speak a word critical of the Modi government, except to whisper on the sidelines, looking left, right and behind.
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