— This article was originally posted in Youth Ki Awaaz, India
By Sourajit Aiyer
One advantage of being an Indian is that one gets to see multiple faiths and religions in close proximity. But the world of our religions often looks very distant from the world of our business.
Many perceive business to be pragmatic and religions to be emotional and that the two do not really intersect. But the texts of various religions actually have a lot of pragmatism, which has a lot to teach modern business management. Here are some of these teachings:
The Indian central bank’s upcoming policy review this week, a month after demonetization, holds ample suspense for a possible interest rate cut.
The demonetization of Rs 500/1,000 currency notes since November 8 has led to a rapid inflow of deposits in banks. Brought in to fight black market money and counterfeits, the amount in circulation in these notes was estimated at around Rs 14 trillion, i.e. about 86% of the total.
Citizens were asked to deposit them in their banks, leading to the deposit surge. The Hindu, a leading daily, said ~Rs 8.5 trillion had been deposited by end November and estimated it to reach between Rs 10-11 trillion by early-December.
Last week, in an article, I looked at the reasons behind the slow growth of wages in India. They have a lot to do with the slowdown of profit growth. One way to boost profits is to invest, but for this you need to raise capital; so let’s take a look at the background and prospects for capital raising by Indian companies.
Demand slowdown has hit top line growth for Corporate India for a while; companies are maintaining profitability by operational measures. And when one digs deep into long-term data, interesting findings come to light.
From an employee’s perspective, the impact of low profitability varies among sectors. If you are working in the right one, you are lucky!
Lee Kuan Yew, credited for converting Singapore into an economic success, once described ASEAN as “Unpromising Start, Promising Future”. This phrase can also describe the South Asian Association for Regional Cooperation (SAARC), which has seen few successes as geopolitics slowed progress.
This article was originally published in Society for Policy Studies’ South Asia Monitor, India.
The United States was the sole superpower after the bipolar Cold-War ended with the Soviet Union’s demise. Then, China started flexing its geopolitical muscle using its manufacturing boom-led foreign exchange to woo developing nations. It is fast expanding its military presence in its neighbourhood.
Russia has become assertive again, and is expanding its influence in Eurasian and Middle East regions, backed by the might of its defence establishment. It is quite a coincidence that the superpowers are often the biggest producers and exporters of defence arms.
This article was originally published by Foreign Policy News USA.
Can the Chinese economic engine really be hit? It is undergoing a transformational change currently, from investment-driven to a consumption-driven one, but that would still enable it to run at a decent speed.
Here are three distinct themes that can severely hit the Chinese engine in the years to come:
— This article was originally published in Straits Times, Singapore.
Most parents aspire that their children achieve more than they did. One such area should be better money management.
But how do parents ensure their kids turn out smarter in money management than they are? After all, many parents of our generation are found lacking in money management skills, while most schools do not teach basic money management either.