Rupak De Chowdhuri / Reuters
Five new committees charged with the review
Monsoon rains kept a lid on food prices
Two years ago, Nilma Dilepan, a 27-year-old entrepreneur from Bangalore created With Love, Nilma. It's an event styling company. She also founded Yellow Umbrella, a production house. In 2014, four wom...
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We recently came across a question that asked if an entrepreneur should focus on their product or business model. At first glance, it seemed to be a very "chicken or egg” kind of question. However, after thinking about this for a while it became apparent that the product and business model are not distinct aspects of a company, but share a Yin and Yang relationship.
That's a total of 92,760 Muslim beggars in India.
Danish Siddiqui / Reuters
The often discussed routes to curbing domestic black money are conventional, timid, ineffective and glaringly and obviously inadequate, with the size of domestic Indian black money estimated to be between 23% to 26% of the national GDP (approximately and possibly erroneously). Here is a possible solution: A total currency swap.
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In a major announcement that promises to revolutionize India's retail industry and improve "ease of doing business", the Modi government has cleared the Model Shops and Establishments (Regulation of Employment and Conditions of Services) Act 2015. This will allow all public amusement establishments with at least 10 employees -- such as restaurants, local markets, shopping malls and movie theatres -- to operate 24x7.
Only about 25% of Indian graduates are considered employable by the organized sector. Further, 48% of Indian employers said they were having difficulty in filling jobs, in 2012. Despite employers expressing difficulty in finding employable candidates, in 2009-10 the unemployment rates in India were higher for those who were more educated (graduates had more difficulty finding jobs than secondary or primary level graduates). So Indian education, in its current form, hasn't proved to be enough training for the incoming workforce.
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In the Reserve Bank of India's second bimonthly policy review, RBI governor Raghuram Rajan decided to adopt a cautious stance and maintain the status quo despite a compelling case to cut interest rates amidst a favourable monsoon outlook, consumer price index (CPI) inflation in line with the RBI's projected path, the government's progressive reforms, fiscal consolidation and the need to nurture growth.
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Unemployed youth are wasted human resources and fuel for social unrest. The governments of developing as well as developed countries are realizing that the creation of more jobs may be their job #1. A survey of Indian citizens' views of the performance of Prime Minister Modi's government reveals they are most dissatisfied with its inability to produce more jobs. They want the government to make the creation of more jobs its highest priority now on.
Why is it that the corporate class is backing you, Mr Rajan? The doyens of the business class say that you have made India proud, having been chosen as the world's best central banker of the year. They say that you have controlled inflation; that you have saved the Indian economy from the depredations of international volatility. But what the corporate class has left unsaid is that it wants you to continue because you have provided corrupt business houses protection from the long arms of the law.
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It is with a "balanced growth" lens of ensuring "sustainable economic development" that I prefer to look at Modi's two years in office. Many of the Prime Minister's schemes and missions have collectively set the right tone from a balanced growth perspective, including, among others, the 175 GW solar mission, the Swachh Bharat Campaign, the GiveItUp LPG Scheme, Jan Dhan, and Aadhaar. However, all great plans must be executed, which requires a fully functioning Parliament...
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There’s plenty to cheer about India’s recent GDP growth data and economy, which clocked a 7.6 percent increase in the fiscal 2015-2016. However, a closer look reveals po ible catches in the growth dat...
The GDP Figures for the March quarter are out and it couldn't be better news for the Modi government. India’s March quarter Gro Domestic Product (GDP) grew 7.9 percent, according to official data, b...