Exclusive Access, Inclusive Growth


Exclusive Access, Inclusive Growth

Economy + policy


Two decades of divestment: From jewels to lemons, how India’s PSUs lost their stature and suitors

Two decades after the first central PSU was privatised, the government is on its most ambitious disinvestment drive. Besides making another attempt to sell Air India, it has also put profitable entities such as BPCL and Concor on the block. But finding private buyers at the right prices is a lot tougher than it looks. Can Modi repeat Vajpayee’s success?


It’s a 2008 crisis fallout: state-run banks’ high-octane balance-sheet growth fuelled NPA disaster

Constant prodding from the finance ministry to lend on a large scale to infrastructure projects to tide over the global financial crisis prompted unrestricted balance-sheet expansion by PSBs. This highlights the urgent need to reform India’s ailing financial sector, with an emphasis on transparency, accountability, and autonomy to state-run banks.


Delhi’s grand version of Super 30 helps Yogita, Himanshu, others crack medical, engineering exams

For a change, affirmative action in education is going beyond reservations in India. Arvind Kejriwal’s Delhi government is funding the education costs of underprivileged students at reputed coaching institutes to help them crack various competitive exams. It’s a king-sized version of Anand Kumar’s Super 30. Already, some 300 students have made it to respected colleges but it’s an unfinished agenda.


Mission 2024: solving the productivity conundrum in India’s journey to a USD5 trillion economy

In a world where a shift from labour-heavy industrial production to robotics, increased use of information technology, and large-scale migration of workers are tilting the economic balance, India should look beyond traditional metrics to gauge real productivity. To achieve its ambitious 2024 target, the country should focus on economic effectiveness more than absolute numbers.


The slowdown is real. But some pockets in tier II cities are showing signs of revival.

To assess the on-ground situation and the possibility of an uptick in economic demand, we undertook a four-city survey. The interactions suggest that most of the bottoming-out has happened and there is an improvement in private capital formation, driven by foreign companies — potentially Chinese and second-generation MSME entrepreneurs who are resilient and hungry for growth.


Time for a global rethink on taxation

If you are a citizen of a country, should you only pay taxes on the income you earn within that country's geographical limits, or on all the money you earn, independent of location?

10 Dec 20190 comment


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