THE NEWS IN PROPORTION
08 March 2014
CONTROLLING THE CAD
Who's importing all that gold?
The Indian government has stopped short of imposing effective controls on gold imports despite the soaring current account deficit and its concomitant ills. Kannan Kasturi examines recent trends in gold demand to see if the government's rationale behind the soft policy holds good.
Who's importing all that gold?
The Indian government has stopped short of imposing effective controls on gold imports despite the soaring current account deficit and its concomitant ills. Kannan Kasturi examines recent trends in gold demand to see if the government's rationale behind the soft policy holds good.
 THE ECONOMY
Our cheese has moved, and only we must find itThe drying up of the dollar and the resultant plummet of the rupee reflects on the government's flawed economic strategy. Shyam Sekhar draws upon the famous business fable Who Moved My Cheese? to show the kind of behaviour and actions that could resolve the crisis now. |
 ECONOMY AND THE 'AAM AADMI'
Why the Current Account Deficit matters to you and meIndia's current account deficit reached alarming levels in the year 2012-13. Kannan Kasturi provides a historical context and lucid explanation of the phenomenon and rues the government's shocking lack of action. |
 OUTWARD INVESTMENTS
FDI in reverseIt is far from clear if capital exports out of India are good for India. What is apparent, from their enthusiasm, is that Indian companies believe it is good for them. Kannan Kasturi reports. |
 RETAIL SECTOR
FDI: Just the facts, pleaseWhether foreign direct invesmtent in retail in India is good or bad should be judged by a reasoned debate based on facts, not hyperbole and exaggeration. Jacob John reports. |
 MARKETS
Welcome, foreign investors!In search of new funds to keep the growth story alive, the Centre opens the doors to foreign investment a little further. |
 SCALING INNOVATION
Areca leaf chappals seek market liftThree and half decades after a scientist demonstrated the idea, chappals made with areca leaf sheaths have hit the market from Kerala. Shrikrishna D writes about the early success and challenges. |
 INTELLECTUAL PROPERTY
Varanasi weavers get GI protectionThe country's latest Geographical Indication certificate offers some new hope - of putting the sheen and colour back in a vital piece of Indian heritage, and livelihoods linked to it. Puja Awasthi reports. |
 GLOBAL FINANCIAL REFORM
G20: The 'trillion' dollar magic trickTo great fanfare, the G20 announced a US $1.1 trillion global package, which will actually deliver less than half that amount in new or guaranteed resources. Meanwhile issues of fundamental economic reform were left off the agenda. |
 PUSHING SEZs
Paying no heed to groundswell of opinionA range of criticisms raised at a recent seminar in Mumbai are a sufficient indication of the extent to which SEZs are being pushed as a government policy without any public consultation on their pros and cons. The seminar, on SEZs and their implications for urban planning, was held at the Rachana Sansad School of Architecture. Darryl D'Monte reports. |
INDO-US WHEAT ROW
Weeding out wheatClaiming highest quality standards in the world when it comes to its own agricultural imports, the United States has no qualms in exporting sub-standard wheat to India. US participation in India's wheat procurement cannot be at the cost of India softening quarantine standards, says Devinder Sharma. |
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OPINION/ECONOMIC ANALYSIS
Growing credibility gapIt is widely accepted that agricultural subsidies in developed nations are distorting global agriculture trade. And yet, Purdue University and the World Bank are cleverly using economic models and simulated 'welfare gains' to push for market access in developing nations. Therein lies a danger, says Devinder Sharma. |
OPINION/WTO DOHA ROUND
Under pressure, India makes U-turnAt a two-day international seminar on "Saving Doha and delivering on development" that concluded at New Delhi on 13 March, India's Commerce Minister Kamal Nath provided ample evidence of India's willingness to go along with the rich and industrialised countries. The writing is on the wall, says Devinder Sharma. |
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