by Lois C. Ferrara | May 7, 2020 | Business News
By Siddhartha Sanyal Of late, there had been suggestions of imposing a one-time Covid-19 relief cess and/or a wealth tax on India’s super rich population, as this segment is believed to have a higher obligation towards ensuring the larger public good. The government’s initial reaction was not supportive of this idea. However, one feels that […]
by Lois C. Ferrara | May 6, 2020 | Business News
A crisis tends to unite the people, with the government as the rallying point. That is how it should be. However, this does not obviate the fact that crises strengthen the party holding office and weakens the hold of the Opposition on the public imagination. In the...
by Lois C. Ferrara | May 6, 2020 | Business News
By Atul Khadilkar In February 2018, after one of the largest frauds in Indian banking was reported by a public sector bank, one of the systemic deficiency identified was the core lack of integration between banking platforms of banks and the SWIFT messaging system....
by Lois C. Ferrara | May 5, 2020 | Business News
Lockdown 3.0 marks the beginning of India’s exit from Covid-19 curfew. Given India’s relatively better showing on the coronavirus dashboard, and in view of the rising economic stress, expectations were high for a more rapid withdrawal. But the exit process is proving...
by Lois C. Ferrara | May 3, 2020 | Business News
The most startling lesson from global experience is that shutdowns may be killing almost as many people as the Covid virus. The supposed cure is almost as bad as the disease. The Financial Times, London, analysed excess mortality in March and April — the excess of...
