Business/Economy
GDP growth breaks 5-Q slide - Madhusudan Sahoo, Pioneer
After sliding for almost five quarters, country’s economy has rebounded from a three-year low to swell by 6.3 per cent in July-September quarter. The Government data released on Thursday, no doubt, showed a positive sign of growth trajectory, overcoming teething troubles after the bumpy launch of Goods and Services Tax (GST). The data also showed that the gross domestic product or GDP numbers expanded due to accelerated growth of manufacturing sector in the country.
Telecom regulator TRAI backs Net neutrality - Hindu
The Telecom Regulatory Authority of India (TRAI) on Tuesday came out in strong support of Net neutrality in a series of recommendations following a long process of consultations on the issue.
Moody’s upgrade boosts already growing confidence in Indian debt - Krishna Merchant & Suvashree Choudhury, Mint
India’s sovereign rating upgrade by Moody’s is a shot in the arm for Indian companies looking to raise funds in offshore bond markets. Driven by more attractive rates and relatively strong economic fundamentals among emerging markets, offshore dollar borrowing by Indian companies has already risen 32% from the start of 2017 to $8.81 billion, according to Reuters data.
Focus on India’s informal housing sector - Sandeep Menon, Pioneer
Affordable housing finance may soon be a dream come true for potential home buyers but for that to happen, we need to move away from traditional forms of lending and adapt to the technological way of life.
Sethusamudram project is not worth pursuing - RK Pachauri, Pioneer
Technically, economically and ecologically, the bridge revival is a bad investment that will not serve the country's interest. It has been reported that earlier this week, the Supreme Court asked the Government of India to spell out within six weeks its stand on the Sethusamudram project.
The World Bank has its own way of ranking India poorly - Bibek Debroy, Economic Times
There has been a lot of interest in the World Bank’s ‘Doing Business’ set of indicators. We know that there is a rank and a score (distance to frontier); 10 heads of indicators used to rank countries; and that the respondents in India are based in Delhi and Mumbai.
Recalling socrates in these modern times - Tejinder Narang, Financial Express
The period before Socrates’s in Greece—of the Sophists—that dates back about 2,600 years, believed that right and wrong were relative as were good and evil. Sophists were adept in proving right as wrong and vice versa, by clever play of logic and rhetoric. But Socrates argued that people are largely ignorant of what they want.
Why compliance is low in GST - Lokeshwarri SK, Business Line
It’s more than four months since the Goods and Services Tax was introduced, and while consumers have learned to live with this, businesses are still struggling to adapt. The Government has been on its feet, tweaking rules periodically in an attempt to assuage sentiments.
Night lights and train trips help India study impact of cash ban - Jeanette Rodrigues, Economic Times
With India still struggling to measure the impact of last year’s unprecedented clampdown on cash -- especially on the vast informal sector -- some analysts are using innovative indicators to assess the health of the $2 trillion economy.
Answer to security issues in e-money - Ajeya Singh, Business Line
In pursuit of a digital India, everyday transactions are gradually moving away from physical and migrating to digital. Existing e-money and mobile wallets provide improved security, efficiency, privacy, affordability and transparency in financial transactions.
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