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Subhomoy Bhattacharjee is an author and Contributing Editor at the Business Standard. He works on public policy, primarily finance, maritime and energy issues. He comments on current economic issues at On Point with Subhomoy Bhattacharjee. He is also a Professor of Practice and Director, Centre for Regulatory Governance at Jindal Global Law School at OP Jindal Global University. He has read Economics at Delhi School of Economics and Shri Ram College of Commerce. He has worked in Govt of India as part of Indian Information Service & has since moved to The Economic Times, Indian Express & Financial Express newspapers.
Subhomoy Bhattacharjee is an author and Contributing Editor at the Business Standard. He works on public policy, primarily finance, maritime and energy issues. He comments on current economic issues at On Point with Subhomoy Bhattacharjee. He is also a Professor of Practice and Director, Centre for Regulatory Governance at Jindal Global Law School at OP Jindal Global University. He has read Economics at Delhi School of Economics and Shri Ram College of Commerce. He has worked in Govt of India as part of Indian Information Service & has since moved to The Economic Times, Indian Express & Financial Express newspapers.
The higher estimate of the GSDP for a state allows the concerned finance minister to project a higher level of expenditure, particularly when revenues are flat
Both regions seek to attract big money to build renewable capacity and prune reliance on Russian gas following the outbreak of the Ukraine war
The updated Public Financial Management System will complete one year in operation on March 31, but challenges to full integration remain
Even if Moscow relents and sells oil for rupees to India, European insurers may be reluctant to underwrite; in any case a bigger Russian tilt would involve a larger financial switch by New Delhi
New Delhi's ability to maximise its role in the post-war reconstruction may be hamstrung by its modest position in key multilateral institutions
Gains likely with working of a crucial corridor, revival of Rupee-Ruble trade and benefits for Indian insurers; setback for New Delhi's financial sector foray into Moscow
To offer the higher service requirement, operators would need to ensure uninterrupted power, safety of cables and so on
The govt committee on EWS might have set the template for future; EWS limits and income tax exemption limits are now twinned, if the Supreme Court accepts the panel's report
The first-ever CAG report on Noida highlights the fact that most of India's megacities rarely have their accounts audited
The scope of banking is much more than can be read from the current rate of credit growth to industry, which has only picked up to 4.1% in October 2021 from a contraction of 0.7% a year ago
The Economic Survey sets the context in which the Union Budget is presented by the Finance Minister
Despite the spike, it may not push up govt's borrowing cost much due to various factors such as sale of BPCL and LIC, and lower expenditure levels this fiscal
India's plan to expand its non-fossil energy capacity five-fold to 500 Gw by 2030 and meet half its energy needs from RE could add over $300 bn of investments in the sector
The mechanics of production and supply logistics suggest that power producers will struggle in the coming year too
The reason is that this is the first time that there is no ask from Capitol Hill on economic reforms
A revamped Alternative Mechanism, the option of closing down the airline and removal of aviation ministry helped seal a deal that had found no takers for years
The ability of the second largest global ratings agency to assess an upside and downside before events make everyone wise about India has been dismal for a long time
This is significant as the cargo insurance market had declined by close to 8 per cent in FY21
While the share of oil in India's import basket is as much as 22.5% currently, a falling rupee could fuel inflation and take the steam out of low interest rates
The endemic supply shortage for thermal power plants offers the chance to transition to gas