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Cover story | February 24, 2019

A Tall Promise

A Tall Promise

A look at the key announcements of this government's last Budget and a brief snapshot of its spends and earnings.

India In 2030

A lot of NDAs vision for the future is similar to BJPs 2014 manifesto.

Too Little Too Late

The government has tried to apply balm on realty sector's wounds with sops ahead of the 2019 general elections. But that may not be enough.

Soponomics

Can the Modi government fund the bonanza of sops for voters without wrecking the country's financial stability?

Fiscal Profligacy

The spending involved in implementing Budget proposals will throw the fiscal position off track.

Poor Man's Budget

Rural development, agriculture and social pensions all found prominent mention in the Budget announcements.

February 24, 2019

Editor's Note

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The Last-ditch Effort

As Budgets go, this one has a perfect focus - alleviating rural distress.

Leadership Spotlight

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Leaderspeak

Under his leadership, Salesforce India has grown more than double year on year and expanded the team to 1,000-plus employees across Mumbai, Delhi, Bengaluru and Hyderabad.

Columns

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Focussed On Rural, Benefits Urban Too

Assured cash transfers to small and marginal farmers might become more inclusive, leading to a new form of universal basic income.

A Credible Balancing Act

The Interim Budget has delivered pro-growth impetus without giving way to populism.

Fiscal Reforms Hit Pause Button

The shift might be aimed at boosting disposable incomes of farmers, middle-income class and workers in the unorganised sector.

Socially Sensible At The Core

The Interim Budget has tied up the final threads of a much-needed basic social security net.

You Will See Better GST Collections

Finance Minister Arun Jaitley, in an interaction with journalists after the Budget, says income support can co-exist with subsidies.

The Buzz

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Losing Shine

If Goyal is to realise his dream, more than lip service is needed.

Side Effects

Many brands of widely used medicines such as Telmisartan, Rabeprazole, Vitamin C, Furosemide are just not available.

Crashing Bottom Line

Third phase of Ude Desh Ka Aam Naagrik scheme awarded airlines 235 routes to create a seat capacity of 6.9 million, the biggest seat addition so far.

Turbulent Times Ahead

RCom had been trying to conclude its Rs 25,000 crore 2017 deal with Reliance Jio, owned by Mukesh Ambani.

No Josh Here

The question, in the Interim Budget's case, is not 'How's the Josh?' but 'Where's the Josh?'

Not Aiming High Enough

With the largest chunk of the young population in an ageing world, leveraging education to create tomorrow's workforce is imperative.

Tanked Outlay

The government is planning to spend Rs 1.08 lakh crore on pensions as compared to Rs 93,982 crore on capital outlay.

No Country for Women

Like last year, women comprise 70 per cent of MUDRA Yojana beneficiaries getting loans for new ventures.

Unmanageable Commitments

Interim FM Piyush Goyal said the government would digitalise 100,000 villages over the next five years.

What Are They Hiding?

Transparency is critical to long-term success.

Ruing Their Situation

The Ruias may well end up as a benchmark of how business shouldn't be conducted by families desperate to retain control.

Bank Not Above Board

Why did the ICICI Bank board wait 10 months to act against its erstwhile CEO?

Questionable Numbers

Is Indian GDP data going the Chinese way?

At Any Cost

Chinese apps are going all out to capture small-town millennials from India.

Why RBI Gets It Wrong

The backward-looking household survey does not capture the full picture, thus leading to elevated inflation projections and consequent policy error.

The Hub

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Side-Pocketing Should Be Next Tax Focus

Now that mutual funds are allowed to segregate risky assets, tax implications in such cases should be well-defined.

Making The Cut

Value fashion retailers are reporting runaway growth by dressing up the masses.

Legal Fee Squeeze

Sectoral growth has not translated into growth in fees paid for professional and legal services.

Fresh Designs

Innovative and disruptive strategies are helping Kalyan Jewellers beat competition; now, it wants to more than double revenues and the number of stores in five years.

Government's Cash Cows

Despite the call for large-scale disinvestment, PSUs continue to bail out the government.

Game Of Throne

With global giants Amazon and Netflix pouring money to develop original Indian content and desi players not far behind, the OTT race has entered an exciting phase.

Milk and More

From dark chocolates and frozen snacks to cookies and cakes, the country's official milkman - Amul - is looking beyond dairy.

New Rider At IDFC First Bank

V Vaidyanathan, the new boss of the merged entity, has had a good run but now faces challenges and high expectations.

'All Our Products Will Be Made In India'

Michele Buck, the first woman CEO of the $7.5 billion The Hershey Company, is writing her company's India growth story by focusing on value-added chocolate products. In an interview with Ajita Shashidhar, Buck talks about the chocolate major's commitment to grow in emerging markets across the world and India in particular. Edited excerpts:

The Break-Out Zone

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Look No Further

The company's latest entrant costs Rs 10,000 less than its predecessor but still manages to live up to expectations.

Old Speakers Made Smart

Amazon's Echo Input houses a four-microphone array for capturing your voice from anywhere in the room even when the music is playing.

Listen To The Beat

Heart rhythm abnormalities are a growing cause for concern, but a little caution and timely tracking of early warning signs should help.

Waiting For Smart Carts

Self-checkout shopping baskets will be more than just a convenience. They will encourage buying.

Behind Buybacks

Getting an assured sum for an old device sounds tempting, but one has to be aware of the pitfalls.

Splurge In Style

Start the year with a celebration of self - go on a luxe vacation, sample gourmet food and indulge in Savile Row-quality clothes.

Outstanding Golfing Action

The winning team prevailed with a combined score of 95 points.

A Heist Like No Other

1MDB, one of the biggest kleptocracy scandals in history, contains stuff Hollywood movies are made of.

Money Today

Middle Class Bonanza

Zero tax on taxable income of up to Rs 5 lakh to provide relief to a big section of the tax-paying population.

Less Taxing

Here are the best options that you can use to optimise tax savings.