PTR writes: Has UP’s economy surpassed Tamil Nadu?
A month ago, social media (LinkedIn and WhatsApp especially) were abuzz with an infographic which showed that Uttar Pradesh’s economy (as measured by Gross State Domestic Product, or GSDP), as a proportion of India’s economy (measured by Gross Domestic Product, or GDP) had overtaken that of Tamil Nadu—with Uttar Pradesh
Data | Indian manufacturing sector on its way up post COVID-19: Annual Survey of Industries 2021-22
Employment fell marginally in 2020-21 due to the pandemic but gained momentum in 2021-22 with 7 per cent year-on-year growth in the manufacturing sector, according to the Annual Survey of Industries (ASI). “In fact, the estimated number of persons engaged in this (manufacturing) sector in 2021-22 has exceeded the pre-pandemic level (that is 2018-19) by more
SUM AND SUBSTANCE | What broke Paytm?
It was a picture of contrasts. At the Davos World Economic Forum in 2023, Paytm CEO and founder Vijay Shekhar Sharma was asked by the business channel CNBC TV18 about the mood in the “new-economy contingent” he was representing. VSS, as he is commonly known, was asked about the frequent
Kerala vs Centre: A battle of finances and federalism
“Bharanavum Samaravum” (Administration and Agitation) was the slogan coined by E.M.S. Namboodiripad in 1967 when he was sworn in for the second time as Kerala’s Chief Minister, heading a seven-party alliance. The call for agitation was against what he saw as the Central government’s political and economic discrimination against the
Karnataka Cabinet Goes to Delhi in Widening Feud over Funding
The issue is whether Karnataka has been getting rightful share in the devolution of funds between the Union and States, not how it spends the fund. It was both dramatic and unprecedented. The entire Karnataka Cabinet and almost all the elected members of the Congress in the State, led by
Follow the money: Supreme Court’s electoral bond ruling marks a significant step in India’s anti-corruption journey
In 2017, then Finance Minister, the late Arun Jaitley, rose to announce a new method of electoral funding. Individuals, associations, and corporations wishing to make donations to political parties could approach India’s largest public sector bank, State Bank of India (SBI) and purchase tax-free, time-limited bearer bonds during certain windows of
Is India’s fiscal federalism breaking apart?
Indian federalism is on the verge of a breakdown. Ministers from opposition-ruled States have taken to the streets in New Delhi to protest against discrimination by the Centre. And Prime Minister Narendra Modi, who leads the use of a divisive majoritarian agenda for political gains, has attacked the protesters saying
Centre versus West Bengal: Can Mamata Banerjee stay defiant?
December 26, 2021. This was the date on which West Bengal last received funds from the Centre for the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). It was within months of the BJP’s defeat at the hands of the Trinamool Congress in the 2021 Assembly election in West Bengal.
The unsung hero of India’s economic rise might surprise you: Post Office
In the early years of independent India, resource mobilisation was crucial for the planned development of the country. The Indian postal system, through strategic messaging and accessible financial services, played a largely overlooked but significant role in mobilising small savings from millions of citizens, contributing to the country’s socioeconomic development.
Tamil Nadu Finance Minister Thangam Thennarasu discusses the 2024-25 budget and the road ahead for the State
Tamil Nadu Finance Minister says unlike the BJP or any other party, the DMK is not interested in hatred politics. Tamil Nadu’s Finance Minister Thangam Thennarasu sat down with Frontline for his first interview to a media outlet on the Tamil Nadu Budget for 2024-25, and how the ideology of