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Keir Starmer resigned, making him the UK's seventh leader in ten years, a decade of political upheaval stemming from the Brexit referendum, marked by economic struggles and cabinet resignations.
Existing social welfare initiatives like Vayomithram and Pakal Veedu are being revived to strengthen social security and improve the well-being of vulnerable senior citizens, reflecting the increasing emphasis on elder welfare due to a rising elderly population.
Kerala's fiscal health report is a valuable assessment of its challenges, recommending expenditure management and tax reforms, though it overlooks cooperative sector issues and contextually presents debt.
Bitcoin faces internal and external pressures: global economic uncertainty contrasts with patient, long-term ownership, indicating a shift towards embeddedness and institutional holding.
The white paper recommends PSU disinvestment and privatising non-strategic areas, but lacks clear plans for socially responsible, commercially viable public utilities like KSRTC.
India's core industries have entered a contraction, marking a significant downturn after a period of growth, primarily due to supply chain disruptions originating from geopolitical events in West Asia.
The State’s stance on developmental schemes is puzzling.
Kerala, renowned for its exceptional social indicators like world-class education and health, faces a persistent paradox of low per capita income despite high human capital, prompting a critical examination of its economic model. While the state has excelled in investing in its people, leading to high literacy and life expectancy, it struggles to translate this educational dividend into sustained domestic economic growth, with capital generation largely occurring elsewhere and only partially returning through remittances, a situation exacerbated by significant challenges in the ease of doing business. Despite impressive official Ease of Doing Business rankings, the article highlights that actual ground realities for businesses are hampered by arbitrary inspections, unpredictable enforcement, delayed approvals, and weak contract enforcement, suggesting the current "reforms" are input-focused rather than outcome-driven. To foster genuine prosperity, the article proposes three key market infrastructure interventions: implementing high-frequency public perception surveys to accurately gauge business sentiment, creating a payment registry to promote timely payments to MSMEs through transparency, and fixing land records to unlock credit and facilitate investment, arguing that strengthening basic market infrastructure for small businesses is crucial for realizing the state's economic potential.
The India EU trade deal is a significant outcome of global trade realignments, impacting geopolitical dynamics and economic strategies.
LSG Minister M B Rajesh told Onmanorama that the survey report is a fitting reply to those who have mocked the Kerala model.
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