Deccan Herald

A year when the country celebrates the Mahatma’s 150th birth anniversary offers us a timely opportunity to consider his criticisms of modernity and juxtapose them with those of the other towering figure of his generation, Tagore. Also, fittingly, we are just weeks short of Tagore’s 78th death... read more

India’s vast, mostly unregulated and fast-growing shadow banking sector is in the midst of a crisis. This is a fire that threatens to engulf much more than the sector in which it has started and carries the potential to burn down important segments of the Indian economy. The government is... read more

In the next five years India aims to become a five trillion dollar economy. It’s a nice round number, although the word “trillion” is not quite folksy enough. It actually equals one lakh crore, the preferred coinage of our bureaucrats, ministers and bankers. It’s basically five followed by twelve... read more

As per the empirical exercise set out in the Economic Survey of Government of India 2018-19, the Indian economy will grow to 5 trillion-dollar economy by 2024-25 with an inflation of 4 per cent and real economic growth of 8 per cent per annum. Besides, the productivity (both labour and capital) of... read more

As intermediaries of the financial system, conventional banks accept deposits and lend money on the basis of a predetermined rate of interest. Under a non-interest-based system, any payment or acceptance of interest is prohibited. The system operates on the basis that the return on investment (the... read more

India’s telecom revolution has earned the world’s admiration. At one stage,it was the fastest growing, lowest cost sector in the world, providing inclusive development to all. In airlines or electricity usually the government has to make it compulsory, and impose a universal service obligation (USO... read more

Admiral Karambir Singh, who assumed command as Chief of Naval Staff (CNS) last month-end, has put out “elaborate directives aimed at curbing subservient behaviour, restricting certain ceremonial practices and ensuring equality among the ranks.” The directives vary from the standard of cutlery and... read more

The Finance Minister will present her maiden Union Budget on July 5. She has asked all citizens to send their inputs, promising that each proposal will be duly examined. She has welcomed and already thanked all the anticipated contributors to this crowdsourcing. This makes the process more... read more

The new NDA government will take charge in the last week of May 2019. The immediate task before the government is to prepare and present the Union budget. The budget exercise will be against the backdrop of a sub-par 4 per cent inflation rate, a growth rate of a little higher than 7 per cent and... read more

There is an old saying in Sanskrit. यथा राजा तथा प्रजा  - as the King so are the people. In a democracy, the reverse is also true. As the people, so is the king. So, the people have got the King they deserve again in 2019. Indian democracy is comparatively young. Hence, the commoners still... read more