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Minhaz Merchant

Minhaz Merchant is the biographer of Rajiv Gandhi and Aditya Birla and author of The New Clash of Civilizations (Rupa, 2014). He is founder of Sterling Newspapers Pvt. Ltd. which was acquired by the Indian Express group

Latest Articles By Minhaz Merchant

Nirmala’s 15 Per Cent Masterstroke

Minhaz Merchant

Foreign firms like Apple and Microsoft can now set up new manufacturing units registered in India to save on tax and take advantage of India’s low labour costs as well as a relatively high level of software skills.

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The Two-Track Indian Economy

Minhaz Merchant

There is of course a fifth element – the shadow economy, better known as the informal economy.

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Modi, Shah: Vajpayee, Advani 2.0

Minhaz Merchant

Shah’s hardline image has achieved the impossible: just as Advani made Vajpayee look statesmanlike, Shah is doing the same for Modi. There’s little doubt that a succession plan has been drawn up by Modi and Shah in consultation with the RSS.

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End Rollback Governance

Minhaz Merchant

While Modi emphasizes the importance of removing roadblocks in the economy, bureaucrats continue to stymie progress. Angel Tax on investments by venture capital firms in startups was an idea thought up in the dark recesses of the Central Board of Direct Taxes (CBDT) ...

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China After Huawei And Hong Kong

Minhaz Merchant

Beyond disputes with the US over technology, China is on the back foot in Hong Kong.

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Rescuing IBC From Insolvency

Minhaz Merchant

The delighted promoters of Essar Steel saw the judgement as an opportunity to retain their company from the winning bid of ArcelorMittal. Banks and other secured creditors saw it as opening a Pandora’s box

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Towards A $5 Trillion Economy

Minhaz Merchant

If the math and sensible economic policies by the Modi government converge, India with a GDP of $5 trillion will in 2024-25 be the world’s fourth-largest economy, pulling ahead of Germany.

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Privatisation Holds Key To Budget

Minhaz Merchant

If the current fiscal deficit of 3.4 per cent of GDP is to be maintained despite lower tax collections (including GST) and higher subsidy outlays, a serious effort at privatisation is necessary. The fiscal deficit in 2019-20 is likely to be around Rs 7.5 lakh crore

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One Nation, Many Polls

Minhaz Merchant

In the “One Nation, Many Polls” formulation laid out here, that criticism would be void.

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Modi’s New Reformist Agenda

Minhaz Merchant

There is a lesson in all of this for India. To create new jobs, India must reflate an economy starved of demand and supply. That is Ms. Sitharaman’s immediate challenge.

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