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The Foreign Exchange Regulation Act extended controls to “the use or disposal of — or dealings in — coin, bullion, securities or foreign exchang
From 1972 to 2002, the journey of GIC — from nationalisation to a general insurance monopoly to opening up to private competition and finally to bec
In terms of outcomes, the first decade of coal nationalisation saw “political patronage of mafia activities” and bureaucratic corruption.
The intellectual framework for high taxes was set by Finance Minister C.D. Deshmukh in his 27 February 1953 Union Budget speech, where he set up the T
Possibly enthused by the socialist celebration of nationalisation as a silver bullet for all things market, the nationalisation of textile mills faile
A five-decade-old issue — concentration of economic power, dominance in the hands of the few and the resultant inequalities — remains alive even t
Initially offered by post offices and branches of select public sector banks, today, most private sector banks can offer the provident fund scheme to
The Special Economic Zones Act was, and still remains, a difficult legislation to turn into action.
Completely aligned with a control mindset, the practice of ensuring that farmers get a fair return on their production in an era of food surpluses con
The new FCI should be a market-friendly agency for food management, with a primary focus on creating competition in every segment of foodgrain supply
While building institutions is hard, maintaining them is even harder.
While the ostensible reason for nationalisation and the obliteration of all competition was unfair practices of the companies and the protection of po
The resolution emphasised on support for cottage, village and small-scale industries by restricting production for large players, differential taxatio
Through the six decades of SBI’s presence, the initial objective of extending “banking facilities on a large scale, more particularly in the rural
Intermingled with ONGC’s corporate structure was India’s strategic goal of energy security, the route to which was through global acquisitions.
At a time when India was emerging from the aftermath of Partition and shortages, the objective of this Act was to protect citizens from exploitation b
Finance Commissions decide the distribution taxes between the centre and the states, and is the key financial lever determining the federal structure
If airlines symbolised the travel of the rich, they should logically have been banned altogether or taxed heavily. Instead, the government nationalise
The law declared “in the public interest” — a term that would get echoed over the next five decades for several laws and policies, to mean the c
An analysis of the agenda papers and records of the first 50 meetings indicates the dominance of a central economic thought, articulated by the prime
As companies and producers began to embrace and communicate their adherence to the “ISI Mark” as a virtue, the mark and the quality it certified s
In their new avatars, ICICI Bank and IDBI Bank command the size and scale to repeat that performance for household finance, while IFCI is teetering un
This law enacted in 1947 showed who would be in charge of capital in socialist India.
Through the Minimum Wages Act, the Parliament declared that governments — not economic agents — would decide the amount of wages paid.
The Factories Act ensures that working conditions of Indian labour are humane and entitles them to protection against loose processes.
The SC/ST Act of 1989 lists 22 offences relating to various patterns or behaviours inflicting criminal offences and breaking the self-respect and este
Gateway status depends on the type of business a company is looking to engage in and over what term horizon. It is important for each country to under
There are various facets in Sino-Bangladesh relations. The two countries share defence, economic, political and people-to-people ties.
The BRICS today is a manifestation of a post ideology world — a world that can coalesce on principles, not necessarily based on political theologies
यदि मोदी वर्ष 2019 के चुनाव में फिर से देश की सत्ता पर काबिज
Should Prime Minister Narendra Modi return to power in 2019, we know the foundations upon which new policies would be built. Should he lose the 2019 e
In the game of political chess, Modi-Shah combine has many cards up their sleeves that have the potential of derailing the unity efforts.
The days of Budgets being policy statements and media events are over. Budget 2018 does what it is supposed to: balance the books — the fiscal defic
What is driving India’s abnormally high gender gap in phone ownership? What can be done about it?
विजय दिवस न केवल भारत की पाक पर 1971 में शानदार जीत याद दिलात�
The Supreme Court is hearing the case against Article 35A. A decision at this juncture against it could once again plunge Kashmir into turmoil.
