Author
Minhaz Merchant is the biographer of Rajiv Gandhi and Aditya Birla and author of The New Clash of Civilizations (Rupa, 2014). He is founder of Sterling Newspapers Pvt. Ltd. which was acquired by the Indian Express group
For Ms. Sitharaman, the key to unlock the economy’s hibernating animal spirits lies in deep structural reforms – implementing sustainable privatisation, cutting personal income tax rates, and modernising India’s antediluvian agriculture, land and labour laws.
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The digital ecosystem – and public interest – demand a quick and sensible resolution to the mobile telecom industry crisis. Killing the goose that lays the golden egg can only leave a big hole in the government’s exchequer.
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India’s population is the youngest among all major world economies – its median age is 28 against 37 for China and 38 for the United States. This demographic advantage won’t last forever.
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The telecom imbroglio has wider ramifications on India’s emerging digital ecosystem.
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India’s assertive new diplomacy has been noticed in global capitals. And yet in key areas the country comes up short.
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For Britain an FTA with the EU ironically holds the key: over 50 per cent of Britain’s exports go to the EU. The other key trade deals London wants to sign quickly are with the United States, China, Japan and India
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Foreign firms like Apple and Microsoft can now set up new manufacturing units registered in India to save on tax and take advantage of India’s low labour costs as well as a relatively high level of software skills.
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Shah’s hardline image has achieved the impossible: just as Advani made Vajpayee look statesmanlike, Shah is doing the same for Modi. There’s little doubt that a succession plan has been drawn up by Modi and Shah in consultation with the RSS.
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There is of course a fifth element – the shadow economy, better known as the informal economy.
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While Modi emphasizes the importance of removing roadblocks in the economy, bureaucrats continue to stymie progress. Angel Tax on investments by venture capital firms in startups was an idea thought up in the dark recesses of the Central Board of Direct Taxes (CBDT) ...
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