India’s cities and towns are starting to crumble under the weight of the unjust recommendations by previous finance commissions. Will the XVI finance commission be sensitive towards city governments?
Initiated in 1970, the FMR experienced a resurgence in 2016, finding a place within the broader Act East Policy of New Delhi.
There are two aspects of unions and their work that employers in India would do well to focus on. Their role in bridging the wide gap between enterprise-level rationality and economy-wide rationality. On completing Indian society's stunted modernization, which depresses the quality of workforce.
The year that is drawing to a close has been violent, dominated by war and civil war, war-induced starvation and disease, economic slowdown, climate change-induced extreme weather events, and the rise of right-wing politics in different parts of the world, creating schism and violence.
The United Nations climate change conference, COP28, has entered the final stretch. Negotiators are brainstorming on the future of fossil fuels. According to Ugandan climate activist Vanessa Nakate, “the success of COP28 will depend on leaders calling for a just and equitable phase-out of all fossil fuels without exceptions and distractions.” European Union climate commissioner Wopke Hoekstra has promised a big push on the issue.
The announcement came in September that India would be included in JPMorgan Chase's 'Goverment Bond Index- Emerging Markets' from June 2024. This immediately strikes most people as something of interest, not so much to the man in the street as to the man on Dalal Street. This would be as misplaced as thinking that the World Trade Organisation matters only to traders or that a viral cough and flu in Chinese city affects only the locals.
The income tax data released recently points to the skewed nature of income distribution in the country, with only about 0.68% people paying effective taxes.