Economic Perspectives | C.P. Chandrasekhar writes: Indians lining up for jobs in Israel exposes India’s unemployment problem
Recruitment drives held over the last week of January, in Lucknow, Uttar Pradesh, and Rohtak, Haryana, for Indian workers to undertake construction and caregiver jobs in Israel have captured global attention. Thousands of job aspirants, who had either registered online or just walked in for interviews, were seen as vying
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
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
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
SBI’s reluctance to reveal electoral bond data raises concerns about its independence, reliability, and competence
A chain reaction is a series of related events in which each event causes the next one, or a chemical reaction in which each change triggers another. The Supreme Court’s ruling on electoral bonds has been just that. Perhaps unforeseen was the extent of the repercussions the State Bank of
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SUM AND SUBSTANCE | Global rupee: Look before you leap
Speaking at the 90th anniversary of the Reserve Bank of India (RBI), Prime Minister Narendra Modi said it was time for the RBI to prepare a 10-year strategy to make the Indian rupee a global currency, one that was “accessible and acceptable” across the world. Extolled by the Prime Minister