As Global Tariff Tensions Rise, India Must Recalibrate Its Incentive Framework
The week in review was dominated by US president Donald Trump, as every week has been since his inauguration on January 20.
The week in review was dominated by US president Donald Trump, as every week has been since his inauguration on January 20.
The Google Tax was slated to die, but Donald Trump has removed the rationale for its dignified death. Now, removal of the digital tax is achieved by US bullying, by means of the tariff threat.
It is welcome that a Supreme Court bench comprising Justice BR Gavai and Justice AG Masih have stayed the order of Justice Ram Manohar Narayan Mishra of the Allahabad High Court that had downgraded the criminal offence of attempt to rape determined by a lower court to a lesser charge of assault or use of criminal force with intent to disrobe, and aggravated sexual assault. This matters not just for gender justice, and social justice (the accused and the victim are from different castes separated by a power differential), but also for India’s economic prospects.
When a butterfly flaps its wings, it could cause a tornado someplace else, suggested MIT meteorologist Edward Lorenz 50 years ago, after noting that rounding off a number to three decimal places, in the computer model of 12 parameters he was running to forecast weather patterns over the next two months, produced a result vastly different from the one he had got when he used the full number running to six decimal places. What Lorenz failed to foresee was that if the insect flapping its wings was situated in the White House, the chaotic effect would be magnified many times over. Initial conditions really do matter.
With uneven pace of demographic transition, India's demographic dividend will operate over decades; South will need able-bodied talent from North to fill its workforce
Tesla shares are at a five-month low, Tesla showrooms are being vandalized in different parts of the United States, Tesla cybertrucks have been set on fire in Seattle, its sales are down in the US as well as in Europe. That President Trump has bought a Tesla car might seem like good news, consisting of support at the highest level. But that might only serve to worsen Tesla’s fortunes.