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Opinion / The Economic Times

View: In todays tech-driven landscape, we need new economic thinking on equity and sustainability

In a hyper-connected world, income inequality, debt burdens, and social disparities persist. Urgent innovative strategies are essential to address widening gaps and shift the focus to stakeholder value for human development, Sam Pitroda writes.

29 Apr 2024 11:42 pm
Careful with long-term financial cycles

A long-term financial cycle has coincided with, and bolstered, the current investment cycle. That's good and bad news for India's growing economy. The outcome is a higher investment-to-GDP ratio. But there is need for caution. If the financial cycle runs ahead of the business cycle unchecked, eventual stresses could be severe, worsening the inevitable downturn.

29 Apr 2024 11:28 pm
View: America doth protest too much?

The pro-Palestinian anger is earnest, and many Jewish students are participating. But some of the slogans have crossed into hate speech. 'We are Hamas' is a common chant and placards saying 'Al-Qasam's next targets' have been spotted. Al-Qasam is the armed wing of Hamas -not that the rest of Hamas are Gandhian. Loud threats that the Oct 7 attacks on Israel will be repeated, not once, not twice, not a hundred but ten thousand times, have gone viral.

28 Apr 2024 11:11 pm
T+0 is more than a procedural update. It will fundamentally alter trading

The shift to T+0 has met with mixed reactions and holds immense potential to enhance market operations. Here's why it can potentially improve the efficiency in the cash markets to the next level.

28 Apr 2024 11:08 pm
From Planet to Plate: How India's culinary diversity can help you beat the heat and combat climate change

Alice Waters, renowned for advocating universal access to healthy, organic foods, emphasizes the impact of food choices on our bodies, families, communities, and environment. At a recent event featuring top Indian chefs, including Manish Mehrotra and Manjit Gill, the focus was on sustainable, indigenous ingredients and local culinary traditions. Waters' philosophy resonates with the launch of a book by the Centre for Science and Environment, highlighting recipes and traditional knowledge for sus

28 Apr 2024 10:51 pm
Looking beyond Ashokan symbolism: Abode of Rashtrapati Bhavan should more aptly reflect the ethos of the Republic

As a normally bubbly awardee confided in hushed tones last week while looking up at the huge chandelier hanging from the 108-feet-high dome of Rashtrapati Bhavan lighting up the Durbar Hall, It is impossible not to be awed by this room and the occasion! The magnificence of the marble-columned, soaring central chamber that once held the thrones of the Viceroy and Vicereine is undeniable.

27 Apr 2024 12:23 am
Maritime Culture of Jambu-Dvipa: A highway linking Middle East to Southeast Asia

Few people know about the Dungi caves of Mumbai that have now made way for the New Navi Mumbai Airport coming up at Panvel. In fact, most Mumbaikars do not know that Mumbai is full of Buddhist caves (Kanheri, Mahakali), some of which became Shiva caves, like the Elephanta caves on Gharapuri island, that one sees when crossing the new Atal Setu.

27 Apr 2024 12:23 am
Relax. They're secure, can be more

The whole process, involving technical, management and legal aspects, has been a success story for EC from the days of ballot boxes, when booth-capturing, false voting and manipulation were rampant, apart from improving efficiency of conducting elections. While EVMs, comprising a ballot unit (BU) and control unit (CU), and later VVPATs introduced in phases from 2013 to full implementation in 2017, have been a consistent concern for many critics and have faced legal challenges, the poll panel has

26 Apr 2024 11:30 pm
View: How tech is being a good sport

According to Statista, global sports market revenue was estimated at $487 bn in 2022, sporting goods market at $160 bn in 2023, and sports betting at $242 bn in 2023. Much of this revenue growth is attributed to technology, which ensures deep fan involvement through convenient, interactive and personalised engagement.

26 Apr 2024 11:27 pm
Inheritance tax: The other Manmohanomics

The rock of Sisyphus may not seem the best metaphor for a work-life balance. But under an inheritance tax, it is logical that the more we'll strive to produce value for our millions, the more confounded we'll be as the latter turn into billions. Only pessimists would critique this situation. Optimists, like the many who dot Congress' starry-eyed galaxy, will point to the enhanced inspiration this will varnish our labours with.

26 Apr 2024 11:03 pm
Not showing fear or favour, well done, EC

By dealing with the latest round of complaints of alleged hate speeches made by politicians during recent election campaigns and rallies, EC has reassured all of us that it is a fair referee that's not intimidated by the position or post of the alleged violators of the model code of conduct.

25 Apr 2024 11:57 pm
Supreme Court's stance on public-private partnerships raises governance questions

The Supreme Court's recent recognition of the fundamental right to be free from adverse impacts of climate change highlights broader questions about democracy and governance. The court's involvement in cases regarding private property rights and environmental protection underscores the need for a balance between capitalist interests and human rights. Issues such as fair redistribution of wealth, access to public resources, and governance for the common good are central to these debates. Ultimate

25 Apr 2024 11:07 pm
View: Curbing the natural instinct of our entrepreneurs to create generational wealth is not a solution

One of the arguments advanced for the levy of inheritance tax is that countries like the US do so. Without getting into intricacies of the US Estate Tax, we need to recognise that developed countries have different imperatives, have a different social framework and, most importantly, are at a different stage of their economic journey compared to India.

25 Apr 2024 10:57 pm
Send signal to investors

While countries can better their investment-facilitation frameworks unilaterally, 125 countries see value in anchoring their efforts in shared commitments. India, however, does not support inclusion of this agreement in the WTO rulebook. It argues that WTO is for rule- making on trade, not investment, and that plurilateral agreements can only be included in the WTO rulebook if all members agree.

24 Apr 2024 11:29 pm
Wealth distribution: Five critical things to know

In a country where the majority is not rich, redistribution is a potent tool for political rhetoric and action. In a country that's not rich, it is a destructive tool for action because the only thing that gets redistributed is poverty.

24 Apr 2024 11:03 pm
Making Bill Gates famous for Dollyites

Influencers like Dolly Chaiwala have the power to influence opinions. His fame as a tea-concocter made a random White senior citizen famous. Bill Gates' visit to Dolly Ki Tapri increased his popularity. The impact on followers and admirers is uncertain.

3 Mar 2024 10:44 pm
Star clusters to make stock constellations

Goldman Sachs has coined monikers for stocks driving stock market rallies in Europe and Japan. Investors globally are betting on a small clutch of sectors. The market is becoming more volatile due to fancy valuations and the rise of generative AI. China's equity markets point towards a reordering of the global economy.

3 Mar 2024 10:43 pm
Our cities must start this virtuous cycle

Former Intel India chief, Avtar Saini, died in a speeding car accident while cycling in Navi Mumbai. The tragedy highlights the safety concerns that prevent affluent Indians from choosing cycling as an environment-friendly option. Urban authorities must prioritize improved roads management, promote helmet and lights usage. Investment in cycle-only lanes and education for motorized vehicle-users is essential.

3 Mar 2024 10:41 pm