The jobs equation: For NDA to stay on the job, it must grow jobs for India’s youth

Prime Minister Narendra Modi’s promise of acche din is premised on moving away from the erstwhile dole and entitlement model, to one that empowers youth by generating large scale employment. In that context, officially released figures from the Labour Bureau are alarming. Employment generation in eight labour intensive sectors (textiles, garments, leather, jewellery, BPOs, handlooms,…

Gold Monetisation – Where Have We Reached?

In 2014, the newly elected Government, realising the potential of domestic stock of gold, decided to introduce gold related schemes that would unlock the idle yellow metal lying in private lockers.With the objective to mobilise gold held by retail and institutional investors in the country, the Hon’ble Finance Minister of India in his budget speech…

NIIF: The Sleeping Giant?

The National Investment and Infrastructure Fund (NIIF), seems to have finally come out of its Odin nap (not sleep) with its first investment. NIIF has been structured as a fund of funds and set up as Category II Alternate Investment Fund (AIF) under the Securities and Exchange Board of India (SEBI) Regulations. Its proposed corpus…