Henry Ford News

₹100 to the dollar.Former chief economic advisor Arvind Subramanian argued this week in the Indian Express that ₹100 per dollar is a worthy new-year resolution for the Reserve Bank of India (RBI), not least because China and East Asia have kept their currencies cheap to exploit foreign markets: “The markets are trying to do a desirable job that policymakers have been unable or unwilling to do.”Indian companies are savvy enough to hedge their currency exposure.We should do more to help our most labour-intensive industries: ‘Make in India’ needs to be rebranded as ‘Hand-Make in India.’ A much-needed pen-stroke reform, says Laila Tyabji, founder of Dastkar, is to “simply remove GST on handlooms; it needlessly increases the paperwork and end price.”I buy handloom or hand-dyed cotton and walk 400 metres from my apartment to a tailor who adeptly makes shirts out of Kerala mundu material and even delicate jamdani that looks like candyfloss.Consider renaming Ease of Doing Business as a more truthful ‘unease of doing business,’ thus focusing on reducing the complexity of dealing with the government.It is wonderful, of course, that we can pay our taxes online almost as easily as buying a book off Amazon, but our tax system is still too complex and does little to widen the tax base. In fact, the last budget arguably narrowed it by raising the income threshold for income tax.In a country as unequal as ours, we need an inheritance tax.

Subscribe to enjoy similar stories.New Delhi: In 1973, Arab nations declared an embargo on oil production, leading to a global energy crisis. Prices quadrupled overnight. And some governments suddenly remembered ethanol.

Subscribe to enjoy similar stories. Accounting conventions require that capital is accounted for in the balance sheet of the enterprise, and expenditures and incomes in the profit-and-loss account. This is universal for all corporate enterprises, be they business ventures, government agencies or ‘non-profit’ organizations.

Subscribe to enjoy similar stories. Attempts to build a global auto empire hark back to the 1910s and 1920s, when Henry Ford set up factories in Britain and Germany for the Model T, and General Motors responded by buying foreign carmakers. A century later, this ambition remains at risk of being run off the road.

Subscribe to enjoy similar stories. In 1914, Henry Ford startled his industrialist peers in the US. He raised the wages that Ford Motor Company paid its workers to $5-a-day, twice the market rate, on the rationale (or at least rhetoric) that they too should be able to afford the $440 Model-T cars they rolled off its assembly lines—a factory innovation that crushed unit production cost, cracked open a mass market and whose later adoption for military hardware gave the US an edge in warfare that made it the world’s top power.

English artist Damien Hirst is under increased scrutiny this week following claims he backdated more than 1,000 pieces of art from his NFT project “The Currency,” The Guardian reported Wednesday.

Oscars wore black. Oscars are black-tie events, yes.

Work does not satisfy anyone nowadays. Citing the lack of adequate compensation, timely promotion, and meaningful growth opportunities, countless employees express their dissatisfaction by quitting, moonlighting, malingering, or trundling on while wearing a face resembling impatience on a monument gritting her teeth. Captains of industry are equally disgruntled.

Ford Motor Co. Executive Chairman Bill Ford has called on autoworkers to come together and end a monthlong strike that he says could cost the company the ability to invest in the future

By Joseph White and David Shepardson

Time Magazine honour: In 1930, Mahatma Gandhi was honoured with the title of Time Magazine's Man of the Year, becoming the first and only Indian to receive this distinction. Irish accent: Gandhi spoke English with an Irish accent because one of his early teachers was an Irishman. Nobel Peace Prize nominations: Despite being nominated five times for the Nobel Peace Prize, Gandhi never received the award.

Ford says the great-great-granddaughter and great-great-grandson of founder Henry Ford would be taking on leadership roles in the company

Ford says the great-great-granddaughter and great-great-grandson of founder Henry Ford would be taking on leadership roles in the company