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Here is the First Part of the Complete 100 Files pertaining to Netaji Subhash Chandra Bose Declassified by the Honorable Prime Minister of India, Shir Narendra Modi minutes ago on the birth anniversary of Shir Netaji. Since the official Website of NetajiPapers is not hosted on cloud, the website won’t scale like Gmail or twitter and is thus cracking under pressure. For your convenience, we are just hosting links to the files and request you to open and study only one file at a time so that others can also get a chance.

Read moreNetaji Subhash Chandra Bose Declassified File List – Part -1

The core law that is guides the rescue and rehabilitation procedure in India is the Sick Industrial Companies (Special Provisions) Act of 1985 (SICA). Under SICA, a specialised Board of Industrial and Financial Reconstruction (BIFR) assesses the viability of the industrial company. Once it has been assessed to be unviable, BIFR refers the company to the High Court for liquidation. The problem lies in the fact that the spirit of this law is focussed on the revival of industries via the BIFR often irrespective of the viability of the unit thereby resulting in the continuation of operations of an unviable business. This system creates two sets of problems namely,

Rainfall conditions deteriorated last week and now are tracking IMD’s seasonal forecast of a 12% shortfall. Cumulative rainfall between 1 June and 27 August was 12% below normal, down from a 9% shortfall last week. The geographic distribution remains similar, with 21 out of 36 regions reporting normal rainfall conditions (22 last week), and another 7 close to normal levels. After a poor July, rainfall in August has also been weak, currently running ~24% below normal.

With almost 80% monsoon season is over, the deficit in rainfall is unlikely to be filled, and even if remaining weeks have normal rainfall, the deficit is likely to remain close to 9%. The Indian Meteorological Department (IMD) has maintained its forecast

Cross-country evidence suggests that the introduction of GST has no correlation with GDP growth. Although the introduction of a single GST limits inefficiencies created by a heterogeneous taxation system, there is little evidence that it helps boost economic activity. However, the introduction of GST helps in reducing inflation by removing the problem of dual taxation and thereby reducing the cost of doing business. It also helps in boosting the tax:GDP ratio, provided the GST is introduced at a high enough rate i.e., higher than the revenue neutral rate (RNR), which in India seems to around 18%.

Whilst the introduction of GST will undoubtedly

We had a look at the Narendra Modi government performance over the last 1 year. While meeting sky high expectations following the election results was always a tall task. The new government is a significant improvement and would rate their first year a 8/10.

Fiscal reforms (9/10) – Subsidy has been cut by hiking petrol/diesel price, implementing Direct Benefit Transfer and avoiding populist dole outs. GST hill could also get approved by July and would broaden the tax base.

Business (7/10) – no more crony capitalism, most of

The Indian rural story is unraveling amidst poor output, weak prices and slump in wages. It is partly a fall out of the Modi government’s virtuous and successful attempt to tackle food inflation, but exogenous factors—collapse in international food prices and inclement weather—too have played a role. Unfortunately, forecast of sub-par 2015 monsoon, if it pans out, will only worsen the woes. In this interplay of virtue and misfortune, the Modi government is facing its first formidable political challenge. The turn of events assumes significance as Bihar, with ~90% rural population, is gearing for assembly polls during