Criticism is not unpatriotic
The former chief economic advisor's characterisation of criticism against Indian economy as being 'unpatriotic' is in line with the current environment in the country of wanting to show loyalty to the King.
Category Public Finances and Macroeconomics
0.016% People’s Wealth Being Protected
In the last three days, wealth redistribution has become a hot electoral issue. It’s being said that the ‘big bad State’ will snatch the properties from everyone and, in Robin Hood style, be distributed to outsiders.
Enhancing Corporate Governance and Performance through Shareholder Democracy
Japanese companies initiated the practice of letting workers give feedback on how shopfloor activity could be improved. That led to workers engaging consciously with their work, gave workers more agency and involvement in their work, improving quality and productivity. Workers, in any case, exercise democracy in the working of their unions and associations.
The Hidden Toll of Fiscal Consolidation: Social Sectors Shoulder the Burden
India wants to be among the top 3 world economies by 2047, which is dependent on greater spending on education, health and social welfare schemes. But the Interim Budget harks back to lower allocation trends.
Revitalizing India’s Cities: Giving Them Their Due – A Call for Financial Reforms
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?
Decoding Sam Altman’s Impact on Personal Loan Guarantees in India
The shock and sense of injustice that most Indians feel at the ouster of a founder from the company he or she founded also gives, in the same breath, legitimacy to founders being held responsible, without limit, for the failure of the company and for its resultant liabilities.
Impact Investing: India Philanthropy
The EdelGive Hurun India Philanthropy List 2023, which was released on November 2, has 119 philanthropists who gave away ₹8,845 crore in 2022-23. Philanthropy is welcome, but impact investing would benefit society more.
What is impact investing? It is investing that prioritizes an intentional, measurable social or environmental benefit over maximizing financial returns. Impact investing is gaining traction among asset managers as a superior alternative to vaguely defined ESG integration. They aim to generate decent financial returns while helping achieve identified social and environmental goals. The global hunt for impact investing opportunities is welcome, but Indian entrepreneurs should model themselves on the Omidyar Network rather than chase after an ESG gloss to their returns.