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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The budget’s big infrastructure push, along with rising FDI inflows, is expected to fire up the economy.
Finance minister Nirmala Sitharaman, in her budget speech on Monday, proposed that the government spend Rs 5.54 lakh crore on infrastructure projects next fiscal. That's a whopping 35% jump from the previous year’s figure. This, she said, would help revive the $2.8 trillion economy and spur growth.
The plan is audacious because in the year gone by, the Indian economy contracted for the first time in four decades, thanks to the COVID-19 pandemic. The government's revenues saw a steep drop as a series of lockdowns to tackle its spread brought industry and business to a grinding halt. Further, it had …
The acquisition of IDBI Bank puts his Fairfax smack dab in the middle of the RBI’s rules on bank ownership. It must now decide whether to sell CSB Bank or merge the two lenders, neither of which will be easy.
Fiscal discipline holds on paper, but the number is propped up by higher borrowing and revenue sources that are far from stable.
Whatever be the outcome, the India-US trade deal's impact on economic growth and sovereignty cannot be separated.
