As India marches closer to the status of a $4 trillion economy and the world’s fourth largest, a crucial question emerges: how do we equip ourselves for the road ahead? For India to wear the crown of a developed nation, we require 10x growth targeting the $40 trillion mark. It is not just growth, but…
This is part of a special series of articles by the country’s foremost voices, ahead of Union Budget 2024, aiming to draw attention to the critical reforms that can help India in its journey to become a developed nation by 2047. The fictional village of Phulera is back on our screens. The third season of…
What are the key differences between a springing power of attorney, which becomes effective upon incapacity, and a current power of attorney, effective immediately? What important factors should one consider when deciding on which type would best protect one’s assets and meet the estate planning goals? —Name withheld on request One should carefully consider the differences between…
Nasscom has warned that the local employment laws “could force companies to relocate as local skilled talent becomes scarce.” File | Photo Credit: AP The tech industry’s apex lobby group, the National Association of Software and Service Companies (NASSCOM) on July 17 said it was “disappointed” and “deeply concerned” about the possible passage of the Karnataka…
The vision to be ‘Viksit Bharat’ by 2047 can become reality only when we closely monitor progress towards our development targets and can prove at the end that we successfully met them. This rests on the institutional capacity to measure defined indicators and present them in an unbiased manner. Official statistics, considered an integral part…
Within this framework, family businesses have flourished, leveraging not just financial capital but also familial bonds and shared values to achieve success over generations. Alongside the benefits of familial collaboration come inherent challenges, particularly the complexities arising from cross-holdings and intergenerational dynamics within family-owned enterprises. These complexities can lead to disputes over ownership, management control,…
The term ‘welfare’ in economics has a long history, with different schools of thought defining the term in different ways. The modern usage of the term typically associates it with a system wherein the government bears a major responsibility for providing socioeconomic security to citizens. Over the years, the term has also attracted criticism, as…
Venkateswaran (popularly known as Venkat) worked at HDFC Bank before moving to Banyan Tree Advisors, a PMS provider in Bengaluru,and expanding their business significantly. He launched Pygmalion Renaissance in 2018. By this time, many of his long-standing clients from his time at HDFC Bank and Banyan Tree wanted more holistic financial guidance. Today, Venkat’s firm…
However, in the non-credit domains, such as health insurance, investment products or retirement products, the inclusion record has been far less cheerful—indeed, it has barely even started. There is a story to be told about why the discrepancy is so stark between credit and every other kind of financial product. And, even within credit, there…
Here’s a comprehensive guide on making informed decisions and avoiding legal or financial pitfalls during this transition. Understand your NRI status Once you’ve been out of India for 182 days or more in a year, you are considered an NRI. This change impacts your banking, taxation, and investments. You must update your status with your…
