By Dr. R. Balasubramaniam Countries around the world are struggling with the economy slowing down drastically due to the COVID crisis. While lockdowns are being gradually lifted, one is still unsure when there will be light at the end of the economic tunnel. While there is no single solution framework that exists, countries including India…
With the epicentre of the Covid-19 pandemic lying in China, Asia has been hit hard by the outbreak. It has seen businesses close their doors, supply chain disruption, widespread quarantines, travel bans and other restrictions to help reduce the spread of the virus. This has of course had a huge impact on Asia’s economy, which…
Excise duty on all brands of liquor hiked by 17 percent Bengaluru: In an attempt to revive the sagging economy of the State which was in distress due to onset of the COVID-19 lockdown, Karnataka Chief Minister B.S. Yediyurappa announced a relief package worth over Rs. 1,610 crore. He was addressing a press conference from…
New Delhi: Now that Prime Minister Narendra Modi is meeting dozens of people to see how to fix the Indian economy, New Delhi’s rumour mills are abuzz about a new Finance Minister soon after the coming Budget, replacing the current Finance Minister Nirmala Sitharaman. Former ICICI Bank Chairman K.V. Kamath (Kundapur Vaman Kamath) is seen…
By Dr. R. Balasubramaniam There is so much talk today about the GDP and the economy not doing well across the political and business spectrum in the country. Discussions about the falling sales of cars, the sluggish real estate sector and NPAs of banks dominate the headlines. If you look at the narrative around the…
Mysuru: Opposing ‘anti-people’ policies of BJP and blaming Central Government’s policies for economic slowdown, Congress workers lead by City Congress President R. Murthy and District Congress President B.J. Vijaykumar staged demonstration this morning at Gandhi Square in city. More than 150 activists of Congress participated in the protest. They raised slogans against Prime Minister Narendra…
By T.J.S. George Let us say I am picked for the Nobel Prize for writing the finest newspaper column since printing began. Should I feel happy about it or dejected? That is a dilemma peculiar to India. In any other country, a citizen getting a Nobel will be an occasion for rejoicing. In our country…
Mysuru: Union Government will introduce a new system for scrutinising the Income Tax Return on Oct. 8, the Vijayadashami Day, Union Minister for Finance Nirmala Sitharaman said last evening. Speaking to reporters at Government Guest House after holding a detailed meeting with tax officials, she said the implementation of the “faceless assessment”, announced in the…
By T.J.S. George Those of us who spend the midnight hour sleeping missed the celebratory introduction of GST. After all, it was not the same as the hour “when the world sleeps, India awakes to life and freedom… when an age ends, and when the soul of a nation, long suppressed, finds utterance.” Every soul,…
Health of the country’s people at large is figuring in public domain nowadays to an unprecedented extent. However, the health of the country’s economy, being gauged by its Gross Domestic Product, a universally used indicator has virtually taken away the spotlight on the former, given the officially published almost weekly estimates of that economic indicator…
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