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Delays, crowds and chaos: No escape even on a getaway Thu, 18 Jul 2024 16:00:01 IST
Long after ‘revenge travel’ became a cliché, travel is rebounding this year to reclaim pre-pandemic levels. This is good news for the tourism industry but maybe not for travellers.
Peter Thiel’s ‘doping games’ and the rise of superhumans Thu, 18 Jul 2024 15:00:20 IST
Is a drug-aided sports contest okay? Are we staring at a slippery slope of ethics? Is eugenics back? The techno-optimist view that science and technology can ‘enhance’ human life is a contemporary resurgence of a theory that humans can evolve past their physical limits.
Tax reforms: India’s agricultural income exemption needs a rejig Thu, 18 Jul 2024 14:00:18 IST
We should restrict companies from claiming this benefit meant for farmers as it’s clear that even multinational and public sector enterprises have found it useful. Also, removing anyone’s farm income above a certain level from the exempt category would reduce perceptions of inequity.
Modi vibes well with Trump. But India may not be ready for a second Trump presidential term Thu, 18 Jul 2024 12:49:01 IST
Donald Trump's potential US presidency could reshape global politics and economics, impacting India significantly. His proposed tariffs may reduce Indian exports, while immigration restrictions could affect IT jobs. Also, Trump's isolationist foreign policy might increase tensions in Asia.
Global minimum tax: Will India’s budget offer a Pillar Two roadmap? Thu, 18 Jul 2024 12:30:16 IST
Multinational enterprises await the Union budget in anticipation of India unveiling its approach to the adoption of this ‘Pillar Two’ global tax aimed at fair corporate taxation across the globe. Countries are fast adopting this regime and for India, it’s a question of when, not if.
Nvidia's graphic processing units have set off a gold rush of the AI age Thu, 18 Jul 2024 10:30:14 IST
This company’s GPUs have seen such a frenzy of demand that the firm is now among the world’s most valuable, with Big Tech majors like Microsoft and Meta snapping them up. Strategic GPU reserves are being held by businesses and countries to stay ahead on the AI curve.
Byju's startup lesson: Don’t get carried away with winner-takes-all dreams Thu, 18 Jul 2024 08:30:10 IST
Think and Learn’s insolvency case offers a cautionary tale for tech startups keen on explosive expansion on the back of fabled ‘network effects’—which could prove tantalizing but elusive, as the rise and fall of Byju Raveendran’s edtech unicorn shows.
Mint Quick Edit | Karnataka quota bill: Unsound and unfair Thu, 18 Jul 2024 07:00:07 IST
The state cabinet approved a bill that would reserve jobs for locals in the private sector. Faced with an uproar from industry, the state put it on pause. Such intervention is bad economics, but it’s best opposed on legal grounds for violating basic rights.
MTNL is broke. But that’s not its biggest problem. Wed, 17 Jul 2024 16:14:25 IST
The defunct state-run telecom firm informed the stock exchanges last week that it wouldn’t be able to pay interest due on a ₹2,480-crore loan. But that effectively meant telling the world that the government of India was either unable or unwilling to service its debt.
Women’s right to bodily autonomy: Japan needs to think again Wed, 17 Jul 2024 16:00:01 IST
To have babies or not? Individual free choice must prevail even if a country’s policymakers are keen to raise its birth rate and reverse a population decline for the sake of its economy.
Climate irony: Clean hydropower faces a dry patch Wed, 17 Jul 2024 15:00:20 IST
A reduction in clean energy output is a worry as the world strives to quit fossil fuels. While climate change may be reducing the availability of fresh water on which electricity generating dams feed, making pump projects look more useful, it’s also about the way reservoirs are used.
Is India's consumption slowdown a blip or structural problem to crack? Wed, 17 Jul 2024 14:00:18 IST
It could be a transient phenomenon but may also signal deeper issues in need of policy attention beyond the reach of the annual budget.
A school's culture matters more for its success than we think Wed, 17 Jul 2024 12:30:15 IST
Relationships and teamwork among teachers significantly impacts how well students perform. In some cases, staff members are lifelong mentors, but this, alas, isn’t typical across the country.
AI will transform the world in ways we can’t yet imagine Wed, 17 Jul 2024 10:30:11 IST
The era of machines is finally upon us and it’s about far more than chatbots. Generative artificial intelligence technology is ushering in a period of hyperchange that will make past transformations look trivial.
Bank fraud allegations must never be levelled lightly Wed, 17 Jul 2024 08:30:07 IST
But RBI’s revised directions to banks on fraud risk management, issued in response to a judicial ruling on defaulters needing to be heard out as a principle of justice, will make it difficult for dodgy borrowers to make specious arguments in an effort to escape the law.
Mint Quick Edit | Sebi's proposal of a hybrid asset class is worthy Wed, 17 Jul 2024 07:00:05 IST
To plug a yawning market gap between the risk-return profile of mutual funds (MFs) and that of portfolio management services (PMS), Sebi has proposed a new asset class. The lack of a midway option has led many investors to dubious schemes, exposing them to unwitting risks.
Pivoting from a cyclical response to the structural reform agenda Tue, 16 Jul 2024 16:00:11 IST
With cyclical policy space constrained, India’s focus should be on continued structural reform to trigger a private capex cycle.
Dreaming big: A budget for viksit investors Tue, 16 Jul 2024 15:10:57 IST
This Union budget, it's time to focus on nurturing a new class of investors. By blending incentives with strategic regulations, we can pave the way for a financial revolution. Let's dream big for a Viksit Bharat and its savvy investors.
Project Nexus: A UPI-like network for international payments Tue, 16 Jul 2024 15:00:09 IST
Asia is the right launching pad for Nexus since many of the region’s phone-based payment networks already work in more than one country. Nexus can cheapen cost-border transfers. Even if it gets outdated, it will be a welcome innovation.
Spice route: Tackle barriers faced by India’s turmeric exports Tue, 16 Jul 2024 14:00:06 IST
We need an action plan to secure our leadership in the global market for various spices. Our spice exports get rejected by importing-country authorities too often. Here’s what should be done.
India’s Digital Competition Bill: Better alternatives exist Tue, 16 Jul 2024 12:30:17 IST
Indian DPI makes it possible for regulatory principles to be directly embedded in the underlying software code. This is an approach that could better achieve the objectives of this flawed legislative proposal aimed at Big Tech.
India's stock market rally looks like a self-sustaining Ponzi scheme Tue, 16 Jul 2024 10:30:14 IST
Just like a Ponzi scheme, so long as the money being brought in by new investors is more than what gets withdrawn by others, Indian stock prices will probably continue their upward trend. Talking of stretched equity valuations is pointless in such a scenario.
Aim for tax simplicity: Do away with TCS on foreign remittances Tue, 16 Jul 2024 08:30:10 IST
Tax collected at source (TCS) is not a revenue-raising measure, nor does its tax information value justify the burden it imposes, especially on individual taxpayers and banks that transfer money abroad. As India’s tax radar has improved, we should axe this charge and relieve people.
Mint Quick Edit | Apple's sales surge and market opportunity Tue, 16 Jul 2024 07:00:07 IST
Apple’s sales in India leapt to nearly $8 billion in 2023-24, thanks to recent efforts, but the iPhone maker’s conversion game still has a long way to go. Among other things, it should give its premium image some thought.
Washington’s worked up over Modi’s Moscow visit. But in no way has it upset global stability. Tue, 16 Jul 2024 06:30:03 IST
New Delhi should continue to pursue its strategic autonomy without letting the impolitic statements of relatively minor actors intrude on India’s policy or equanimity.
Five steps for India’s new government to get its data act together Mon, 15 Jul 2024 16:00:18 IST
Reform India’s statistical system. We need a data glasnost, a population census, closer tracking of the labour market, an effort to fix bugs in GDP estimation, and separate statistical tools employed by states. The story of our economic emergence must be free of distortions.
Using ChatGPT to write cover letter: Cheating or smart? Mon, 15 Jul 2024 15:00:16 IST
While an AI-written cover letter may sound generic, generative AI works best as a sounding board to help job applicants prepare for interviews. Recruiters may be fine with candidates using AI so long as they’re honest about it.
Raghuram Rajan: Brace for stronger inflation and possibly weaker central banks Mon, 15 Jul 2024 14:00:15 IST
Faced with societal ageing, de-globalization, climate change, anti-immigration sentiment and technology advances, central banks can expect pressure from various directions. The shifts underway could entrench price pressures and cramp their independence.
Ajit Ranade: It’s time to focus public spending on building human capital Mon, 15 Jul 2024 12:30:13 IST
India’s skill gap is widening and AI as well as automation will worsen it. Our higher education challenge is one of scale and affordability. But we can’t let human capital lag if we’re to sustain Chinese-style high growth, given how the resources available to us differ.
Self-styled cult leadership: It’s a game of power and pelf too often Mon, 15 Jul 2024 10:30:10 IST
The easy answer to why cult leaders thrive is lack of education among the Indian masses. But the real reason is the mechanics of power. This is what has defied India’s attempts to foster a scientific temper.
Budget 2024: The worst pre-budget recommendations so far Mon, 15 Jul 2024 10:19:32 IST
Here are the three worst recommendations, which probably benefit you. But they are unlikely to come through.
India’s FDI decline seems easier to explain than reverse Mon, 15 Jul 2024 08:30:07 IST
Global conditions played a role in last year’s FDI slump, but India’s ambition of emerging as the world’s next big manufacturing hub demands sharper policy responses from the government. Here’s a to-do list.
Mint Quick Edit | The attempt on Trump's life stands out Mon, 15 Jul 2024 07:00:04 IST
Campaigning to be elected US president again, Donald Trump had a narrow escape. It’s mostly heroes of the Left who’ve been targets of political violence. Either way, at moments like these, we should recall not just Gandhi’s words, but Lennon’s too.
Scope for investment: Emerging markets could spring right back to global favour Sun, 14 Jul 2024 16:00:03 IST
While attractive valuations and strong balance sheets provide a floor to the asset class, the investment case for EMs will likely grow stronger with easing of interest rates up ahead. All EMs aren't alike, of course. India stands out as an investment destination.
Samsung strike has lessons for AI-focused Big Tech Sun, 14 Jul 2024 15:30:01 IST
As GenAI technology increasingly threatens to upend entire industries and sow labour unrest, firms creating this turbulence have the responsibility to work with unions and give workers a seat at the table.