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ET View: Time to boost demand, forget the fiscal deficit target

The time has come for the government to shed its obsession about fiscal deficit targets and borrow more from the market, both to compensate the states for their shortfall in GST collections and to meet its own expenditure commitments. India still has deep reserves of economic resilience and it is necessary to avoid any self-defeating talk of recession.

ET View: Promptly review levies, charges and the high extent of revenue share in Indian telecom

The levies, charges and mounting dues would essentially financially cripple and may even bankrupt the leading service providers, and have wholly-avoidable negative effects and signals much beyond the telecom sector itself. The Cabinet needs to purposefully rationalise central levies and charges on telecom operators for the greater national good.

ET View: CPI likely to remain elevated for statistical reasons

The latest inflation numbers suggest that retail headline inflation, read the overall rise in consumer prices, has gone up beyond the 4% target set up Monetary Policy Committee (MPC). The MPC is mandated to policy-induce a narrow 4-6% range for the retail inflation rate. The CPI has risen at the fastest rate since June last year.

ET View: Sensible decision in Karnataka, now to let the December 5 bypolls decide the ex-MLAs’ future

The 14 MLAs who quit from Congress and the three from the Janata Dal (Secular) last July, leading to the fall of the JD(S)-Congress government, may have reasons other than pure disagreement and/or disenchantment with the way their own parties were going about governing and such things. Now, it’s for the bypolls on December 5, to decide the fate of the 17.

ET View: September IIP - Lacklustre capital goods output keeps overall index low

As for manufactures, which account for over 77% weight in the industrial index, production has contracted and posted minus 3.9% growth. The sharp contraction in automobile production, with the output of motor vehicles, trailers and semi-trailers declining by minus 14.9 % y-o-y has clearly adversely affected production.

ET View: Accept the Ayodhya judgement and move on

It is the duty of all concerned to not just maintain peace but also to work for sustainable unity.

ET View: Economy, the winner

For the polity, too, an Opposition staging an extinction rebellion is certainly good news. A healthy democracy needs an Opposition that is not a pushover.

ET View: Nobel for Abhijit Banerjee

While Banerjee got his PhD from Harvard, he did his Bachelor’s in economics from Presidency, Calcutta and his Master’s from JNU.

ET View: It’s not so much Peter Handke, but the Nobel Prize that should be judged by its choice

What has troubled some critics is that he is a public sympathiser of Yugoslavian and Serbian war criminal Slobodan Miloševic.

ET View: Nobel Prize catches up with discovery that has fuelled the smartphone revolution

John Goodenough, Stanley Whittingham, and Akira Yoshino won the 2019 Nobel Prize for Chemistry for the development of lithium-ion batteries.

View: Growth not a monetary policy problem, says RBI

View: Growth not a monetary policy problem, says RBI

By refusing to cut rate by 35 bps or more the RBI wants to make it clear that liquidity availability is not the binding constraint on growth.

Modi and Trump score from Howdy Modi, but what’s in it for India?

Modi and Trump score from Howdy Modi, but what’s in it for India?

For Trump, Howdy Modi was a golden opportunity to woo a vital segment of American voters.

ET View: Corporate tax rate cut, the best reform so far

ET View: Corporate tax rate cut, the best reform so far

A lower rate, comparable with Asian peers, and sans any exemptions, will make large Indian cos more competitive.

ET View: Third dose of growth boosters: good but not good enough

ET View: Third dose of growth boosters: good but not good enough

The export sops announced are welcome. But they would take time to kick in and boost exports.

ET View: The Moon is not made of insta-cheese

ET View: The Moon is not made of insta-cheese

Indian Space Research Organisation will analyse the mishap to identify what went wrong and rectify the defect that caused it.

ET View: India needs large banks

ET View: India needs large banks

It is in the interest of the Indian economy to have large banks that can lend to large companies, given the greater segmentation of credit now.

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