Page 8 - Business Standard Editorial Comment

Updated industrial classification will help capture new economy data

India's NIC-2025 update to include digital, green, and gig sectors, ensuring accurate economic data, global comparability, and better policy planning

It's raining crises: Cities need urgent plans for climate change impacts

At first glance, the easy culprit to pinpoint is growing indiscriminate urbanisation

A new GST: The indirect tax system simplified for greater efficiency

The removal of the 12 and 28 per cent slabs and the shifting of items from these slabs to 5 and 18 per cent will make a large number of consumer items cheaper

Fighting air pollution will take more than masks and symbolic fixes

The human cost is staggering. If India were to bring its pollution levels down to WHO norms, life expectancy will increase for everyone

Chips on the table: Phase 2 of semiconductor mission must shift the focus

Modi says India will capture a major share of global semiconductors as ISM Phase 2 shifts focus to ecosystem support and supply chain resilience

Horticulture push: Diversification can lift farm incomes, living standards

If India can align technology adoption, efficient market integration, and supportive policies, horticulture has the potential to become the durable engine of farm growth

A GST reset: Simplify the tax structure to boost revenue collection

Prime Minister Narendra Modi had announced in his Independence Day address that the GST system would be rationalised

Safety with affordability: New rules on medical devices should balance them

Imports should be restricted to original manufacturers or certified partners, while devices that are too old or have exceeded usage thresholds should be barred

From rivals to partners: Sino-Indian relations see a cautious reset

The fact that an article on the Xi-Modi meet appeared on the front page of the China Daily, the Chinese Communist Party's mouthpiece, suggests a significant shift in Beijing's outlook

Faltering ties with US drive deeper bilateral ties between India, Japan

Modi's Tokyo visit boosts India-Japan ties with 21 pacts, $67 bn investment push, and deeper cooperation amid US trade tensions and Indo-Pacific challenges

Among the challenges ahead for India, trade is the biggest risk to growth

Nearly all segments of the economy supported growth in the first quarter

Down the learning curve: Govt schools need greater accountability

But the steadily deteriorating standard of government schools has played a key role in providing the impetus for this preference

Enabling growth: Why structural reforms are needed in manufacturing

The deeper challenge lies in the sector's role in the economy. Despite years of policy attention, manufacturing contributes just 17% of gross domestic product and only about 12 per cent of jobs

Weaponising morality: New Bill threatens to upend legal principles

The 130th Constitutional Amendment Bill inverts legal principles

Tariff trials: India needs to diversify markets, increase competitiveness

Since the US accounts for nearly one-fifth of India's exports, the consequences for exporters are severe

Food for Gaza: India has a role to play as a compassionate power

By the IPC's estimates, half a million people, or a quarter of the Palestinian population in Gaza, is suffering from famine

A reasonable request: RBI should allow Indian banks to finance M&As

Restrictions on bank finance for M&As have had some perverse and unintended consequences.

Dangerous provisions: Stop misuse of sedition, defamation against media

The only remedy to this sort of overreach by those who should know better lies through court action and legal reform

Maverick diplomacy: The US ambassador's appointment is problematic

Though Mr Gor has not been known to articulate views on trade, he is unlikely to deviate from Mr Trump's position once he shifts into the Roosevelt House

Policy models will need to evolve as OpenAI, others make their India play

OpenAI Chief Executive Officer Sam Altman has argued that this is, in some sense, a test launch into its second-largest market, and it will roll out similar plans worldwide