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Siddhartha Sanyal, Chief Economist & Head-Research, Bandhan Bank, says there is no urgency on the part of the government or the finance ministry to cut down their projected fiscal deficit or the borrowing number at this moment, possibly they can afford to take a call on that at a later date. But in general, with the additional resources, they will start to allocate it in some ratio both for consumption and investment and not focus too much on cutting the fiscal deficit right away.

Subscribe to enjoy similar stories.The emphatic victory of the Bharatiya Janata Party (BJP) in elections to the West Bengal assembly focuses attention on an important aspect of India’s political economy: the role of politics and governance in economic development. The link is hard to quantify, especially in an era where economics is increasingly about mathematical models.

Subscribe to enjoy similar stories.MUMBAI: With its iron ore mining leases in Jharkhand and Odisha set to expire by 2030, Tata Steel is preparing for a future that could see fewer permanent workers.The company has slowed hiring of permanent blue-collar workers over the past two years and is sensitizing its existing workforce and unions to a potential transition, including the possibility of moving to a new mine owner.“Tata Steel will see its number of permanent workers transition after 2030 as some of its captive iron ore mining leases come up for expiry,” Atrayee Sanyal, chief people officer at Tata Steel Group told Mint in an interview at the company’s headquarters in Bombay House in Mumbai.At the end of FY25, Tata Steel’s permanent blue-collar workforce stood at 31,794, down by 585 workers compared to FY24, according to the company.Sanyal outlined three possible scenarios for the workforce, depending on the outcome of mandatory auctions for the mines under the amended Mines and Minerals (Development and Regulation) Act. If Tata Steel retains the leases, there will be “no impact on workers”.

on Tuesday to the Department of Consumer Affairs and some of the leading jewellery retailers, such as Tanishq, remained unanswered till press time.Tightening the framework will strengthen consumer trust, bring greater transparency and accountability in the hallmarking system, and ensure declared purity matches the product sold, said Ashim Sanyal, chief executive officer, Consumer Voice, a consumer rights’ advocacy organization.In October 2025, the Department of Consumer Affairs, through its quality standards arm BIS, launched a pilot project in 25 districts to digitally capture jewellery details. BIS recorded the photograph and weight of each hallmarked jewellery item on its portal using integrated cameras and weighing systems, reducing manual errors and improving transparency.“The pilot was a huge success, and based on its outcome, a stricter framework is now being planned for rollout across the country,” the second person said.Hallmarking was introduced in 2000 and made mandatory in phases from 2021, now covering about 400 districts.

Subscribe to enjoy similar stories. NEW DELHI : The Central Consumer Protection Authority (CCPA) has imposed a penalty of ₹5 lakh on Snapdeal (Ace Vector Ltd) for facilitating the sale of toys that did not conform to Bureau of Indian Standards (BIS) norms, holding that marketplace platforms cannot evade accountability by claiming intermediary status when consumer safety is at stake. The order, reviewed by Mint, said the national consumer rights watchdog found non-compliant toys continued to be listed, hosted, and sold on the platform even after the Toys (Quality Control) Order, 2020, came into force on 1 January 2021.

Subscribe to enjoy similar stories. BENGALURU : The shares of India’s largest information technology (IT) services firms—Tata Consultancy Services Ltd, Infosys Ltd, HCL Technologies Ltd, Wipro Ltd and Tech Mahindra Ltd—jumped as much as 4% in morning trade as investors stamped their seal of approval on the India-US deal.

Subscribe to enjoy similar stories. Universal Music India has made a comeback to Bollywood after recent acquisitions and partnerships, while retaining its focus on non-film music.

Rajiv Gauba as full-time member of NITI Aayog with immediate effect and Sanjay Kumar Mishra, the former head of Enforcement Directorate, as the full-time member of the Economic Advisory Council to the PM (EAC-PM). Both these appointments were notified on Tuesday. While Gauba is the retired 1982-batch IAS officer from the Jharkhand cadre who served as a cabinet secretary for five years from 2019 to 2024, Mishra is a 1984-batch Indian Revenue Service (IRS) officer from Uttar Pradesh. “NITI Aayog welcomes Shri Rajiv Gauba. His vast experience and excellence in public administration will be pivotal in spearheading policy-making and implementation,” the Aayog tweeted on Thursday. Gauba will join the league of four existing full-time members of the Aayog including VK Saraswat, VK Paul, Ramesh Chand and Arvind Virmani. While the prime minister is the chairman of the Aayog, Suman Bery is the vice chairman of the Ayog which was set up in 2015 replacing the erstwhile Planning Commission. With the appointment of Mishra, the EAC-PM will now have three full-time members, the other two being Sanjeev Sanyal and Shamika Ravi. The other part-time members of EAC-PM include Rakesh Mohan, Sajjid Chinoy, Neelkanth Mishra, Nilesh Shah, TT Ram Mohan and Poonam Gupta.

Subscribe to enjoy similar stories. A recent report by an investment bank says that the three biggest areas of focus on the economic-policy front for the Indian government right now are striking bilateral trade deals, stepping up investments in strategic industries such as semiconductors and reducing the burden of regulation on firms as well as citizens. The new Economic Survey written by officials in the finance ministry made a compelling case on how a surfeit of outdated regulations hold back the growth of firms, especially smaller enterprises that drive job creation.

urban design and create dense cities which fits our esthetics, our way of living and are economically viable, Sanjeev Sanyal, member of the Economic Advisory Council to the PM (EAC-PM) said calling for a need to redeploy land and old buildings and revisiting the standards set for building construction to allow more innovation in design. “This requires us to rethink our architecture and town planning from bottom up instead of the prevalent top down approach,” he said on Wednesday while addressing a session on urban planning at the Global Economic Policy Forum 2024, organised by the Confederation of Indian Industry. Citing the example of Chandigarh, which Sanyal terms as an economically unviable city, he said it is not a good idea to ever recreate Chandigarh again.

Independence day, an event in Uttar Pradesh's Kakori reignited the fire of violent revolution against the Britishers. A small incident of dacoity at a sleepy railway station shook the might of British empire. The use of physical force as a form of direct confrontation with and retaliation against the British began as a concerted attempt in the last decade of the 19th century in India. The anti-Partition agitation that began in 1905 further catalyzed the growth of extremist nationalism in India. Several revolutionary associations and organizations, both clandestine and open, sprang up in Bengal, Maharashtra, Punjab, and so on. This was also the period when the culture of the bomb was absorbed and employed by the nationalists with assistance from the revolutionaries abroad.

managed to reduce the gap with Trump. “It is hard to assess Trump as he is disruptive and unpredictable," says Ajay Bisaria, a former diplomat. Unlike in 2016, Trump today has total control over the Republican Party.

Kotak AMC, has said that for India to accelerate its growth, one generation should adopt the work ethic seen in countries like Korea, Japan, and China, where people consistently work 12-hour days.He was speaking during a podcast, “Invest Aaj For Kal with Anant Ladha." Ladha posted a clip of the podcast on the social networking site X, in which Shah can be heard saying, “We need to work 12 hours per day for 365 days."Also Read | Bill Gates to Elon Musk and Mark Zuckerberg — A look at the hobbies tech billionaires enjoyEconomist and writer Sanjeev Sanyal, concurred, stating that a generation must work diligently yet also prioritize family and emphasize their role in India's progress. "I agree. One generation will have to put in that effort …..

Mint on the company’s vision for India in the next few years and its willingness to invest for faster growth. Edited excerpts… India currently ranks 14th globally in the music market. However, given its population and growth potential, we anticipate significant upward movement in the coming years.

Jaideep Kewalramani, COO and Head of Employability Business of TeamLease Edtech, says the rapid growth makes it difficult to precisely quantify the change in open positions over the past three years, especially as the segment is dynamic and evolving. “As a sunrise industry, the demand for semiconductor professionals has surged significantly. While specific data may vary across companies and sub-sectors, a conservative estimate suggests a compound annual growth rate (CAGR) of around 100% in open positions over the last three years,” he says. But experts point out that there is no doubt about the rising demand for talent in this segment.

Mint was the first to report the launch of a dedicated portal for the CCPA. The launch aimed to clamp down on persistent violations of advertising guidelines and serve as a platform to "name and shame" violators. Queries emailed to the consumer affairs ministry remained unanswered till press time.

Dali moments before impact," the Foxford Comics’cartoon was captioned on microblogging platform X (formerly known as Twitter). The cartoon also has the audio of people swearing at each other in a strong Indian English accent. But these cartoons were far from reality, The Singapore-flagged ship 'Dali' had actually suffered a "power issue" and issued a distress call moments before the crash, officials said.

India should be satisfied with the current growth rate unless the external environment improves, Member of Economic Advisory Council to the PM, Sanjeev Sanyal, said on Wednesday, terming economic expansion in the range of 7 per cent perfectly good. Sanyal further said it was necessary to protect the hard-earned macroeconomic stability. «Now look, it is possible for us to hit double-digit growth, but I would actually be rather careful about it. This whole game is about compounding growth,» Sanyal said while speaking at the Times Now Summit. India's economy grew at better-than-expected 8.4 per cent in the final three months of 2023, logging the fastest pace in the past one-and-a-half years.

Sanjeev Sanyal, an economist and advisor to Prime Minister Narendra Modi, has ignited a debate by suggesting that preparing for the UPSC exam might be an inefficient use of time unless someone is genuinely interested in administrative roles. Instead, he argues that India needs more entrepreneurs aiming to become billionaires like Elon Musk or Mukesh Ambani. He suggests that the energy spent on preparing for the UPSC could be better utilized in fields such as sports, entertainment, medicine, entrepreneurship, or science. Sanjeev Sanyal, a member of the Economic Advisory Council to the Prime Minister (EAC-PM), expressed his views during "The Neon Show" podcast hosted by Siddhartha Ahluwalia. He advocates for a shift in mindset among young people. He argues that too many young individuals are investing their prime years preparing for the UPSC exam, which he believes yields limited benefits given the small number of positions available. “I'm not saying you don't want people to take the exam. Yes, every country needs a bureaucracy, that's perfectly fine. But I think lakhs of people are spending their best years trying to crack an exam where a tiny number of a few 1000 people actually are going to get it makes no sense,” he said.

Siddhartha Sanyal, Chief Economist & Head-Research, Bandhan Bank says “as India is moving up very significantly in the global export chain and in the global value chain, as a country, we are a lot more confident now and that is showing up in this particular agreement with the four European nations and it can act as a stepping stone for a few more going ahead in the coming days. So, it is very significant in my view. This angle is probably not very clearly scratched that we want to integrate more with the world in terms of trade and better ties. In that light, how significant do you see the free trade agreement between India and the European FTA block (India-EFTA)? Siddhartha Sanyal: This is very significant. First of all, one very silent revolution is taking place over the course of the last few years, maybe a decade or so, where very clearly in the global supply chain and the global value chain, India is silently moving up in a very significant fashion.

NEW DELHI : New Delhi: India's economic performance is better than what the headline numbers reveal, with the sharp GDP growth coming amid challenging global macroeconomic conditions, Sanjeev Sanyal, member of Prime Minister Narendra Modi’s Economic Advisory Council, told Mint in an interview. India's higher-than-expected growth of 8.4% during the third quarter of fiscal 2023-24 came without accompanying macroeconomic stresses, he added. Edited excerpts: The latest reading of an 8%-plus growth rate exceeds even the government's expectations.