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Browsing Category
Finance and Economics
The Fault lines of Homeland Economics
‘The torment of precaution often exceeds the dangers to be avoided’, said Napoleon Bonaparte in 1823. He did not have the semi-conductor supply chains in mind. But his comments still ring true 2000 years on. Governments and companies now…
KALAM AT 92: THE LEGACY HE LEAVES BEHIND
Dr Kalam would have been 92 this month. There are many epithets used for him: Inspirational, People’s President, Sui Generis Manager of People and Programs and a Staunch Swadeshi. I worked with him as Director (Finance) , when he was DRDO…
This year’s Nobel in Economics: A New Flavour
This year’s Nobel Prize Winner in Economics, Claudia Goldin, is a rare bird who has not only advanced our understanding of women’s labor market outcomes but has also catapulted economic history as a fascinating subject. When she was…
Driving Economic Growth and Environmental Sustainability: Exploring Sustainable Business Practices
Introduction: Promoting economic expansion and addressing environmental concerns necessitate the integration of sustainable business practices. By incorporating economic, environmental, and social factors into their strategies and…
Smith’s Invisible Hand; Its Salience & Fault Lines
This June marks the 300th birth anniversary of Adam Smith, the Scottish philosopher, considered tobe the father of modern economic thinking. Smith witnessed the beginning of the IndustrialRevolution which fundamentally changed the Western…
Ideas Whose Time Has Come in India
On 24th July 1991 when Dr Manmohan Singh was presenting the budget, he was cognizant of theplethora of economic ills that plagued India; inflation hovering around 14%, cost of interest to totalcentral government expenditure touching 36%,…
West Bengal’s next growth story depends on perception management
One of the most valuable intellectual property any Nation or State has is its reputation. Negative image directly impacts its growth leading to massive brain drain. West Bengal is one of the classic cases where negative perception is…
The Mother of Micro-Finance Passes Away
174 years ago, Sabitri Bai Phule founded the first modern Indian girls school in Pune and is considered the pioneer of India’s Feminist movement. 10 years ago when Mrinal Gore, the politician and activist died, the newspapers…
The Bankers Bag The Nobel Prize in Economics
The Nobel Prize in Economics was the last to be instituted in 1968 by Sweden’s Central Bank to commemorate the bank’s 300 th anniversary. Herbert Simon was the first non-economist to win the prize in 1978 and Daniel Kahneman, the…
The Production Linked Incentive Scheme: A Boon or Bane
Professor Raghuram Rajan has stirred a hornet’s nest by calling the grandiose Production Linked Incentive (PLI) scheme which aims at making manufacturing in India globally competitive; myopic and policy shortcut, by overlooking the…