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BlogSajikumar Nair

What does the Sri Lankan crisis show?

Today they, tomorrow we? Today it is Sri Lanka. Yesterday it was Greece. Tomorrow it may be Pakistan, Nepal, Bhutan, some South American or African countries. Who knows? Nevertheless, no economy in the world, including India, is too big enough to resist an economic collapse. The reason is simple: today's world is interdependent with vulnerability to volatility in the global economy. After the Covid-19 pandemic, only Sri Lanka has fallen into such a big crisis. Even before the pandemic, it was showing the symptoms of collapse. The last time when Rajapakse was the president, Sri Lanka took a huge loan from China. China-funded it happily knowing the fact it would be able to repay the liability. Everyone knows about China's tactic of forcing small economies to make their “Samanthas” through b...

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BlogUdaykumar K.V.

NSE Collocation Scam: Changing the goalpost

Hunt the hiding big-cats behind Chitra and the miserable Himalayan Yogi The funny Himalayan Yogi talks linked with the NSE collocation scam in the media are apparent attempts to cover up one of the looting macabre in India after 2009. The media is still far away from the core of the scam that happened in the National Stock Exchange (NSE) since the launch of the collocation scheme in August 2009, barely three months after the election victory of the UPA II. The multi-crore NSE scam blessed by the watchdog's astonishing soft corner approach seems to seek a new dimension. Deliberately or not? Certainly, it is deliberate, because someone needs to hijack the public attention away from the web of frauds that made some clumsy forces keep building their wealth. Or, someone in the media want...

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BlogSajikumar Nair

Hardening human behaviour

The human world passes through constant change. Everyone is frustrated in life as if living under a dangling atom bomb. That is a state of mind we are unable to do away with. Most of them do not know the reason for their mental instability, frustration and agony at different stages of life. But they are aware that things are not normal. So long as we do not understand the problem, it is impossible to correct it. Every moment, the problem is sharpening. More people become frustrated. No one knows what is happening. We have seen many changes happening in the world in recent years, more significantly after the Covid-19. People moved into a virtual world. It is one of the results of the pandemic. We welcome every new thing that happens to us. New technologies, ideas for making mo...

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BlogUdaykumar K.V.

Lata Mangeshkar

The immortal Nightingale of India The Nightingale of India finally left for her heavenly abode leaving thousands of her songs in over 36 languages behind her everlasting legacy. No one knows exactly how many songs she had sung. The Guinness Book of World Records was confused about the number of her recordings though once it was published, amended later and deleted finally. By September this year, she would have turned 93 years, a precious long life that regaled three generations, excited legendary leaders of India and sang spontaneously for the spirit of the nation. It was on 27th January 1963, Lata Mangeshkar, then aged 34 sang Ae mere Watan ke logon at the Ramlila Maidan of New Delhi in the presence of Prime Minister Jawaharlal Nehru. In the Sino-Indian war, which was over just...

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News AnalysisNews Flash

Development mission for women and children

The Central government has significantly increased its share to achieve Mission Poshan 2.0, Mission Shakti and Mission Vatsalya. Women and children constitute 67.7 per cent of India’s population. Their safety and secured living environment are crucial for the sustainable and equitable development of the country and for achieving transformational economic and social changes. The government ensures well-nourished and happy children as well as confident, self-reliant women by providing them with an environment that is accessible, affordable, reliable, free from all forms of discrimination and violence. The prime objective of the ministry is to address gaps in State action for women and children and promote inter-ministerial and inter-sectoral convergence to create gender equitable and chi...

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BlogBudgetEconomyEditor's InsightsUdaykumar K.V.

Union Budget 2022-23

Unusual, setting modern India on track Jargons and clichés are out. Budget 2022-23 is a vision document with actions for future India. Giving no space for an election year appeasement, Nirmala Sitharaman enviably presented the Union budget 2022-23, which the otherwise uproarious representatives of people listened in unusual silence.    I have watched every budget since 1991 - since the first one presented by Dr Manmohan Singh. Until 2014 every government had coalition compulsions with dictations from State satraps. Budget presentation was a ritual celebrated by a handful of privileged lots. Freebies, subsidies and tax cuts were the yardsticks of budget evaluation. Still, the ghosts haven’t fully disappeared. Hence, there are questions, though not so galore. The budget 2022-23 envisi...

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NewsNews Analysispollitics

Finance Bill 2022-23

Finance Bill 2022-23, which highlights the nuances of taxes and fiscal matters approved by the Parliament according to the government proposal immediately after the budget presentation. Only after the approval from the members of the parliament, the budget proposals can be implemented. The documents contain provisions about cess and tax additions and exemptions under income tax, customs and excise . Finance-bill-2022-23Download ...

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NewsNews Analysis

The Economic Survey 2022

Rising exports, the overall recovery trend across all sectors of the economy and the fiscal space for spending more on infrastructure can make the economy run faster.  This is the second straight year the entire world has been passing through a pandemic. India’s position has been better than many large economies. With considerable difficulties and with timely policy support, the government could stabilize the economy. Though growth in the current financial year at an impressive rate may be because of the low base after the contraction last year, the overall performance has given fresh hope and sigh of relief to many industries.  The Indian economy has reached the pre-pandemic level, the Economic Survey 2021-22 tabled in the Parliament points out. The advance estimates suggest t...

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BlogSajikumar Nair

Education with poor vision

Human practice and human nature are diametrically opposite to each other. After building something very seriously with hard work and passion, the same is dismantled or abandoned sooner or later. The change in the human mind makes everything new today an old one tomorrow. We say every material becomes old. It is not the material that becomes old but our state of mind that runs out of time.  Look at our education system. Most of us learn too many things by spending years after years in classrooms. Nevertheless, most of what we have learned could not help us. It was after many decades of scholarly thinking that an education system was developed. If there is a western influence in our syllabus, we become falsely prouder. But it was the western dictations of what we must study tha...

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NewsNews Flash

Government invites applications for the DLI Scheme from domestic semiconductor chip design firms.

The government has the vision to create a vibrant ecosystem for semiconductor chip design in the country. For this, the Ministry of Electronics and Information (MeitY) is seeking applications from 100 domestic companies, Startups and MSMEs under its Design Linked Incentive (DLI) Scheme. The government announced this scheme in December last year.  Under the scheme, a part of the Rs 76,000 crore package, extends financial incentives and design infrastructure support to domestic companies, Startups and MSMEs across various stages of development and deployment of semiconductor design for integrated circuits (ICs), chipsets, system on chips (SoCs), systems and IP cores and semiconductor linked design for over five years. The scheme aims to nurture at least 20 domestic companies invo...

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