Jobs, cronyism, and welfare
Business Standard|May 20, 2024
A lacklustre campaign throws up some differences in economic strategy ore than 10 days remain in this general election campaign, and it is fair to assume that few new issues will be raised in the time that remains.

It has been a relatively dull affair in comparison to many past elections; the personal popularity of the incumbent Prime Minister has perhaps led many to assume that there is no real challenge from the Opposition, thereby rendering the process less interesting. Recent claims that this election has become more competitive seem to have affected the markets and elements of the media discourse, but do not seem to be backed up by anything concrete.

Yet, even if this is not the most competitive general election of our lifetime, it is nevertheless worth unpacking some of the narratives to attempt to identify what, if any, economic issues are considered worthy of democratic debate.

The Congress' manifesto seemed to promise that some such debate might be opened. It was heavily populist compared to previous iterations of the party's platform. It promised major changes, for example, to India's reservations in jobs and educational institutions: an amendment to the Constitution that would remove the 50 per cent cap that currently exists on quotas, and additional quotas for the economically weaker sections of society. The focus on public sector jobs continued with the assurance that the party would fill "nearly 30 lakh vacancies" in the Union government and end the slow process of contractualisation within the state sector. The government's reforms to military recruitment, meant to reduce the Army's excess manpower, were also promised to end.

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A life that lives beyond
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The passing of Ratan Tata marks the loss of not only an iconic leader but also a global visionary whose influence extended far beyond business.

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On Monday, Ratan Tata posted on social media: \"Thank you for thinking of me,\" debunking rumours about his health. Just two days later, on Wednesday, the former Tata Group chairman passed away in a Mumbai hospital at the age of 86.

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Love-all, RAFA
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Aman for startups

Ratan Tata was known as much for his business acumen as for his philanthropy. However, a lesser-known fact was his stellar track record when it came to startup investment.

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Business Standard

RBI's inflation caution may halt FMCG rally

Analysts suggest buying quality stocks on dips for long term

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Business Standard

Indices close marginally higher

Equity benchmark indices Sensex and Nifty settled higher on Thursday due to gains in banking, power, and industrial stocks amid a firm trend in global markets.

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Business Standard

Oil gains after 2-day decline

Oil rose after a two-day decline as traders watched for an Israeli response to Iran's missile attack early last week, while US crude stockpiles expanded the most since April.

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Pro-rata distribution mandate for AIFs likely to see tweaks
Business Standard

Pro-rata distribution mandate for AIFs likely to see tweaks

Final norms to ensure excuse, exclude provisions co-exist

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Bernstein downgrades Indian stocks on valuation concerns
Business Standard

Bernstein downgrades Indian stocks on valuation concerns

Bernstein Societe Generale Group's Asia quant strategists have downgraded Indian stocks due to valuations, while predicting further upside for Chinese equities on a policy boost.

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