-Hindustan Times Be it growth, enhanced Investment, life expectancy, literacy, and health, Bangladesh is doing well Frankly, I blame Henry Kissinger. Way back in the 1970s, he called Bangladesh “an international basket case”. At the time, no doubt, it was. Television images of the frequent devastating floods it suffered confirmed this characterisation. So the description stuck. Today, Bangladesh is a different country. The world may be slow in changing its opinion —...
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Listing LIC could make its Investments riskier -Aunindyo Chakravarty
-The Tribune LIC is India’s biggest stock-market investor. Once listed, it might be tempted to increase its exposure to equities. We know what that did to India’s most popular mutual fund in the late 1990s. UTI’s US-64 collapsed because it had made too many risky Investments. Most of 20 crore small investors never recovered Investments A few years ago, I was part of a jury to select the best businesses in India...
More »With savings rate falling, phasing out exemptions may hit it harder -Udit Misra
-The Indian Express The savings rate, expressed as a percentage of the gross domestic product, reflects the pool of investible funds within the country that are available for the government and private businesses to use for Investment purposes. The government’s plan to gradually get rid of all exemptions and deductions under the personal income tax regime — in a bid to provide lower taxes and a simplified tax architecture as well as...
More »Falling short of aspirations -Ram Singh
-The Hindu The economic outlook rests on government meeting Investment targets and keeping promises made to stakeholders There were many expectations from the Union Budget 2020: that it would reverse the falling growth rate, reduce unemployment and rekindle the animal spirits needed to revive private Investment. Does the Budget really hold out the promise on these counts? To answer the question, the Budget can be judged in terms of its effect...
More »Farmers' group not impressed with Union Budget 2020-21
-Press released by All India Kisan Sangharsh Coordination Committee (AIKSCC) dated 1st February, 2020 Delhi, February 1st 2020: Budget fails to increase rural demand and purchasing power which would have boosted the economy - instead, the Budget only boosts the profits of big corporates and MNCs, said AIKSCC. When the crying need in India’s economy is to increase the demand and purchasing power in rural areas, and hence rural incomes, the...
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