The union budget for the year 2021-22 would be placed in the parliament on the 1st February in India. This budget would be placed in a context of extreme demand depression following the Covid-19 induced lockdown. The economy needs to…
It is that time of year in India, when all eyes and ears turn to the Finance Minister to learn what she will unveil in the annual Union Budget. But it is a moot point whether, even in a year…
There are really only two numbers to look out for in the forthcoming budget: how much did the government claim to have spent in 2020-21, and how much does it intend to spend in 2021-22. These two numbers will determine…
As the Sensex hit the 50,000 mark this week for the first time ever, it is clear that the widening gulf between financial and the real sectors remains a matter of concern, both on grounds of the underlying inequities and…
It’s a paradox that has periodically recurred in recent times. Financial indicators are hugely favourable from the point of view of those who benefit from them, even when the performance of the real economy is poor or dismal. In this…
A report of an internal working group (IWG) set up by the Reserve Bank of India (RBI) has revived discussion on the wisdom of allowing entry of corporate players, including large business groups, into India’s banking space. Though the process…
India’s stock markets have revived and touched inexplicable peaks even while the real economy braces for what may be the largest contraction in post-Independence economic history. Having collapsed from a level in excess of 40000 in late February, when the…
Reactions have come in from different quarters after the Indian Government introduced new screening rules for foreign direct investment (FDI) in April 2020. The latest Press Note on FDI (Press Note 3, 2020) has made government approval mandatory for all…
What had been only a suggestion by several prescient members of the capitalist establishment till now, has become official policy, at least in Britain where Prime Minister Boris Johnson has announced that his government will undertake public investment to stimulate…
There has been much discussion about how external debt concerns are likely to weigh heavily on developing countries in their attempts at economic recovery in the wake of the Covid-19 pandemic. Most of this discussion has centred on emerging markets…
