Officers and other employees of the public sector IDBI Bank, organised under the banner of the United Forum of IDBI Officers and Employees, struck work for a day on November 27 protesting against the government’s decision to privatise the bank.…
Though overshadowed by the deep differences over agricultural subsidies and food security and on the rules governing trade in industrial goods, services were an important bone of contention at WTO’s Nairobi Ministerial Conference over 15-18 December, 2015. Developed countries had…
The award of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel for 2015 to Angus Deaton, has once again revived discussion on the nature and purpose of the ‘Economics Nobel’. According to the Royal Swedish Academy…
Reserve Bank of India (RBI) Governor Raghuram Rajan has surprised many by opting for a “bold”, 50 basis points (or half a percentage point, with one basis point equal to 0.1 per cent) reduction in policy (interest) rates. The interest…
2015 has not been a good year in India’s stock markets. The Sensex, for example, has declined from a high of around 29,680 in late January to a low of around 25,200 in early September. Despite evidence of fluctuations, that…
Though restricted to a single day, the 1625-point collapse of the Sensex on 24 August 2015, which was the largest single-day decline in six years, appears to be a signal that all is not well with the Indian economy. More…
At the end of July, Finance Minister Arun Jaitely placed a supplementary demand for grants in Parliament, which included Rs. 12,010 crore year to recapitalise public sector banks by enhancing their equity capital. This demand for recapitalisation funds was to…
On 27 July, 2015 the BSE Sensex dropped by 551 points relative to its previous closing value. The index fell by a further 102 points the subsequent day. Such single-day declines need not be a cause for concern. The stock…
The Constitution (122nd Amendment) Bill, 2014, that, if passed, would introduce a Goods and Services Tax (GST) system in India, faces a still uncertain future because of opposition in the Rajya Sabha, the upper house of the Indian Parliament. The…
Among the initiatives launched with much fanfare by the NDA government is the one titled “Digital India”, which is slated to use high speed internet as a core utility and provide citizens entitlements, documents and a host of services on…
