Economy + policy

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Economy

The Budget just gave millennials more cash to spend. But it left a chilling message for a habit called saving: die.

The Budget proposal will increase disposable income of individuals in the INR5 lakh bracket by INR13,000, and millennials will have a major share of this. While this is a positive for India’s consumption story, it will further bring down savings and investments. For India, investment-linked exemptions could set the right tone for future growth.

Policy and regulations

Aadhaar still needs a time machine

While the constitutionality of Aadhaar has been upheld, the Supreme Court’s intervention to control the use of the UIDAI database and improve its security, among other things, begs many crucial questions. Including some about the role of the court itself.

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