Free Press Journal
  • Gold we trust, but market uncertain

    Gold markets continue to be poised on the tip of uncertainty.  There is all round confusion. There is no faith in oil prices – they could fall to as low as $25.  There is little faith in countries either.  The protectionist policies being pursued by the US could render it less competitive than before, and…

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  • Look up Mr Modi, the sun is shining

    Mr. Modi’s biggest headache is creating jobs.  Look at the table alongside. During 2015 and 2016, India created just 277,000 jobs.  This was lower than the number of jobs created in 2009-11. True, all the blame cannot be put at the government’s doorstep.  There was an economic slowdown already underway. It only got exacerbated by demonetisation, the…

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  • Jan Aushadhi could disrupt domestic pharma market

    This is like many other schemes that the previous government merely talked about, introduced, and then forgot. The Jan Aushadhi (literally translated as medicine for the people) is one for which the current government should be lauded. It has the potential to disrupt the $15 billion market for pharmaceutical products in the country. It was…

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  • The absurd posturing of the anti-GM lobby

    In fact, a close examination of developments on the ground shows up how absurd the stand of the anti GM lobby is.  And nothing brings out this absurdity as the case of mustard and other edible oils. Consider India’s edible oil imports. A significant part of it is soybean oil and rapeseed oil. What people…

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  • World Tourism Day celebration – Serving Global Citizen

    The World Tourism Day celebration was started by the United Nations World Tourism Organization in the 1980 which is celebrated every year on September 27. According to United Nation’s specialised agency, UNWTO, this year’s World Tourism Day will focus on ‘sustainable tourism – a tool for development’. Keeping up with theme of tourism, Free Press…

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  • FDI: Mixed smoke signals continue to perplex

    If one looks back, 2014 was a year when many people had a great deal of hope and expectation.  The idea of less government, more governance was music to the ears. That euphoria appears to have faded.  But it isn’t dead.  Not yet.  Not so soon. The latest charts from Credit Suisse suggest that things…

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  • Fertilisers – the industry scenario is changing rapidly

    If there were any doubts about how the next elections will be won, the fertiliser industry provides some good pointers. Some of the policy decisions taken for this industry tell you a great deal about the importance the government gives to the farm sector. A good indicator is the manner in which the government has…

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  • Code on Wages Bill and dream of jobs-for-all

    On 10 August 2017, the government – through the labour minister Bandaru Dattatreya – introduced in the Lok Sabha the Code on Wages Bill, 2017 (http://www.labour.nic.in/sites/default/files/Code%20on%20Wages%20Bill%202017-As%20introduced%20in%20Lok%20Sabha.pdf). The new bill is to replace the Payment of Wages Act. 1936; the Minimum Wages Act, 1949; the Payment of Bonus Act, 1965; and the Equal Remuneration Act, 1976….

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  • Finally, cruise tourism has dawned on India

    The work actually began two years before August 8, 2017, when Nitin Gadkari, Union Minister for shipping, ports and roads, unveiled his plans for cruise tourism.  He called it the dawn of cruise tourism in India. According to a Mumbai Port Trust (MPT) presentation (http://mumbaiport.gov.in/writereaddata/linkimages/6111212918.pdf) the work began in November 2015. A Task Force was…

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  • Eco survey’s flawed approach towards energy

    The second volume of the Economic Survey, 2015-16 (http://indiabudget.nic.in/budget2016-2017/vol2_survey.asp) makes for very interesting reading. But its analysis of the energy sector is inadequate. Take the Survey’s forecast (based on estimates done by the Central Electricity Authority) that solar power will overtake thermal power generation only around 2026 (see chart). That depends. If conventional power generation…

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  • Two cheers for decisions on education

    There are times when, in the din of sloganeering about what has gone wrong, people overlook the good that is being done. One sector that needs to be highlighted here is education. No, education standards haven’t improved. No, politicisation of educational institutions and course material hasn’t stopped. But look a bit carefully. There are signs…

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  • Legalise work permits for immigrants

    Hatred against immigrants is not peculiar to India alone. But it is at its peak when economic conditions are harsh, and a local population looks unkindly at people who are perceived to be snatching away jobs from locals. Moreover, the shrill cry against immigrants is a surefire way of winning political support. But look at…

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