With President Joe Biden having put through Congress and signed a $1.9 trillion American Rescue Plan, the world is set to experience one of the biggest fiscal boosts of recent times, larger than that resorted to in response to the…
With the cabinet approving amendments to the Insurance Act of 1938, to raise the cap on foreign direct investment (FDI) in insurance companies from 49 to 74 per cent, the process of implementing the next stage of reducing public control…
Even the blinkered BJP government sees the need for a fiscal policy that would stimulate the economy by increasing government expenditure; but it finds itself in a bind since it does not know how to finance such larger government expenditure.…
In their saner moments, most progressives in the European Union might concede that the bloc has not acquitted itself very well as a global player during the pandemic. To be sure, it has finally displayed some good sense in looking…
The headlines suggest that the 15th Finance Commission (15th FC) has not let down the states when deciding on their constitutionally mandated share in the divisible pool of the Centre’s tax revenues over 2021-26. It has more or less stuck…
A process started four year’s back by Australian’s competition commission could offer support to a struggling global news business. The process, to curb internet firms from freeriding on news they do not generate, is expected to culminate in legislation that…
As governments begin to vaccinate their populations against COVID-19 to win herd immunity, attention would turn to addressing the multiple crises that are the legacy of the pandemic. One such only partially recognised and half-heartedly addressed so far is the…
In an attempt to persuade listeners into believing that Budget 2021 will complete the conquest of disease and unleash an era of post-Covid expansion, Finance Minister Nirmala Sitharaman placed special emphasis in her budget speech on two sets of initiatives.…
January proved to be an unusual month in the US equity market. The shares of GameStop, a brick-and-mortar retailer of gaming consoles and video games, had in the course of that month risen by close to 2000 per cent. The…
Even before taking office, Jo Biden, the new American president, has announced a rescue package of $1.9 trillion, of which as much as $1 trillion will be in the form simply of transfers to the working people. Since the estimated…
