AUTARKY
India must loosen the cords tying it too tightly to the pervasive influence of global Big Tech
India aims for self-sufficiency through autarky and atmanirbhar initiatives, focusing on nurturing the 13 markers of 'Viksit Bharat' for a fully digitised economy and sustained growth in various sectors.
10 Best bean bag covers for a comfortable lounging experience
It is safe to say that bean bags are the coolest type of lounging chair that not only provides comfort to the body but also helps to add an element of fun to any space. This is why they are widely used in gaming rooms, cafes, living rooms, and other spaces. Another reason that makes bean bags most preferred is that they are quite easy to clean, which means that you just require a wet cloth to wipe away the dust. We have shortlisted 10 best-unfilled bean bag covers that give you the provision to add beans on your own.
Good times for merchants of death
Global defence industry shifts as US dominates amid conflicts. Countries pursue local production due to US unreliability. China, India aim for self-sufficiency, unsettling arms market. Sanctions distort trade, favoring US. Merchants profit in turbulent times.
Aatmanirbhar Bharat different from Nehru's model: SJM chief Ashwani Mahajan
In the midst of the ongoing debate surrounding restrictions on laptop imports, a new book edited by Ashwani Mahajan, the head of the Swadeshi Jagran Manch—an affiliate of the Rashtriya Swayamsevak Sangh (RSS), argues that the Modi government's 'aatmanirbharta' (self-reliance) approach represents a significant departure from the Nehruvian approach that was seen to impede economic growth.
Ban on PFI cannot be supported: AIMIM chief Asaduddin Owaisi
"A draconian ban of this kind is dangerous as it is a ban on any Muslim who wishes to speak his mind. The way India's electoral autarky is approaching fascism, every Muslim youth will now be arrested with a PFI pamphlet under India's black law, UAPA," he tweeted.
We’ll miss globalization when it’s gone
So the war in Ukraine doesn’t necessarily mark sharp a break in history. But it underlines and will perhaps cement the decline of globalization.
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Russia's economic defences likely to crumble over time under sanctions onslaught
Steps by the West include sanctions and asset freezes on more Russian banks and businessmen, a halt to fundraising abroad, the freezing of an $11 billion gas pipeline project to Germany and limiting access to high-tech items such as semiconductors.
The man who gave India its wheels
Home-grown capitalism deserved a charismatic icon as Rahul Bajaj, whose appeal stemmed from his deep connection with nation-building. He gave the country its first set of wheels, and he will remain, forever, hamara Bajaj.
India Inc, bring your competence
The pandemic and its imperatives should spur industry to shed past inhibitions and launch itself into a new era of innovation and enterprise that enriches itself commercially and the world, at large, in terms of better and less expensive therapies and vaccines.
China’s rising support for Pakistan, and their collusion, may affect our interests: says former NSA Shiv Shankar Menon
Thanks to CPEC, Gwadar, China’s stakes in Pakistan are much higher now. China’s oil comes past Gwadar, so it becomes very important, being the mouth of the Persian Gulf, said Shivshankar Menon, former national security adviser.
View: For India, self-sufficiency won't put food on the table, jobs will
To turn India into a factory to the world, Modi has put together a five-year infrastructure project pipeline worth 111 trillion rupees ($1.5 trillion), more than what the country has invested in almost the previous two decades. If things go according to plan, this could bring investment worth as much as $37 billion over two to three years and boost wages by $55 billion annually.
India must return to more liberal trade policy regime, ink FTAs with UK, EU: Arvind Panagariya
With a low corporate profit tax rate, labour law reforms, GST, and bankruptcy law, a massive privatization programme on the anvil, and measures to de-stress the financial sector under way, the country is poised to take on to global markets in a major way, former Niti Aayog Vice-Chairman Arvind Panagariya said.
View: This is no time for India to turn away from trade
While it may be hard for India to rejoin RCEP, there are other free-trade agreements worth exploring. One with the European Union is overdue, for example. It's a deal worth signing. If India holds back, somebody else will benefit; Vietnam signed its own pact with the EU this year. Protectionism, not openness, is what will really "hurt" India.
The next China? India is missing its real comparative edge by not emphasizing low-skilled labour exports
Ever since it began opening up the economy in the 1990s, India’s dream has been to emulate China’s rapid expansion. After three decades of persevering with that campaign, slipping behind Bangladesh hurts its global image.
View: Congress has switched positions with BJP on farm reforms; it should take credit instead
If you look carefully, all the three new laws – the Farmers’ Trade and Commerce (Promotion and Facilitation) Act, the Farmers’ (Empowerment and Protection) Agreement on Price Assurance and Farm Services Act, and the Essential Commodities (Amendment) Act for stockholding limits – are in effect the smartly adapted version of UPA’s own brainchild.
View: Constant interaction between society, State and market through communities is key for progress
A dispassionate reader will find many common thoughts in Thengadi’s and Rajan’s ideas. Samaj, Sarkar and Bazar — society, State and market — have to work as per complementary needs of each other.
View : Economic nationalism is a wrong turn for Covid-hit India
Slogans like Narendra Modi’s vocal-for-local stir the pot and only thicken the confusion.
View: India needs structural reforms for growth to make a strong comeback
In response to a crisis such as the current pandemic, India needs to come up with an effective rescue plan.
View: Thanks, GoI, but we’ll be self-reliant
India does not need either the economics of socialism or the economics of the Gandhian variety. What it needs is a paradigm of old-fashioned conservative economics where individuals, businesses and (civil) society do not depend on the State for any largesse or support.
View: Prepare for turbulence in emerging markets
Rising friction in the Middle East could result in higher energy prices and supply disruptions for developing countries.
India’s RCEP call won’t hit Act East Policy: Jaishankar
Foreign Minister S Jaishankar on Thursday assured ASEAN and RCEP members that its absence from the block in its present form in no way impacts India’s Indo-Pacific vision.
India’s choices in 2019: Modi has reforms to his credit, UPA free rode on Vajpayee’s reforms
The process of change began gathering steam only with liberalising reforms, first introduced grudgingly in the second half of the 1980s and then deliberately from 1991 onward.
View: Xi Jinping is leading China toward economic stagnation
Xi Jinping in a way helping the Trump administration to maintain American dominance.
India can't afford to turn its back on free trade
A constructive stand needs to be worked out by month-end when leaders from 16 RCEP nations will meet.
India looks to end exclusive defence deals
As per the defence ministry, India signed defence deals worth over $5 billion with Russia in the past three years and the US came a close second with deals of about $4.4 billion.
View: Multiple transitions at once makes it a roller coaster ride for India
Given India’s complexities, they might look for passion instead. Leaders will have to embrace what will appear to be zero sum games in the short term.
Regulate domestic pharma to be truly world class
Regulation of pharmaceutical production in India seems to be stuck in the pre-reform days of autarky, bereft of ambition and oblivious of the global opportunities the sector holds out.
On policy priorities
Reforms represented a move to the pragmatic centre from a situation in which markets were sacrificed, with grave consequences in efficiency and growth.
Kim Jong's death an opportunity for change
If Pyongyang and the North Korean people opt to move their country towards democracy and trade, it would mean the end of one of the world's most secretive and oppressive regimes.
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