Ukraine is dependent on Russian gas – but not as much as it used to be. For years the US State Department has pushed the country toward energy independence. Congress aims to speed things up....
The Indian business community has great hopes on the outcome of the general elections. They are expecting the formation of a Modi-led government at the centre which they expect will lead to a revival of...
India’s first Prime Minister, Jawaharlal Nehru had spearheaded the idea of introducing economic planning in India on the lines of similar efforts in the Soviet Union. Nehru was largely instrumental in the setting up of...
The Finance Minister has presented his first interim budget. It is not a regular budget since the country is going for fresh elections and the regular budget will be presented after the elections. The interim...
The possibility of a Secular Front emerging which will be composed of regional parties has become more concrete in recent days. This grouping could include JDU, AIADMK, SP, TMC, BJD, AGP, NC, INLD, JVM, NCP,...
No matter what one would say, either the PM, RBI Governor or our Finance Minister stock market has its own frequency of operation. As a curve it may rise and fall in sync with the...
Coming Sunday, 26th Jan 2014, we would be celebrating Republic Day in independent India, as 64 years ago, in 1950, on Jan 26th, the constitution of India came into force. Why do we celebrate such days or...
After countless hours being bounced and shaken on dilapidated roads around India, Xu Huadong finds the country “interesting.” “There is a huge gap between the rich and poor, but most people seem happy regardless of...
The idea of abolishing income tax is not a new idea. While working in the Ministry of Finance thirty years back I have seen such budget proposals from various agencies sent to the government. But...
The private equity industry in India saw a massive boom like other financial sectors in the boom years of 2005-2008. While major investment banking sectors such as research, M&A etc. saw a huge recession in 2009, the private...
In an ever-volatile environment, banks can have tremendous losses if they don’t hedge against the risks. Against the frequent changes of interest rates by the central bank, banks are left with no choice but to...
India has the third largest Internet user base in the world at over 200 million and is set to take over US by the end of this year. It also has one the largest population...