Economy

On a humid Sunday afternoon, the lanes of Anakaputhur, an interior suburb of Pallavaram, wear a dim look, with barely any shops open or civilians on the road. But, as one enters Shanmuga Mudaliar Street near the Murugan temple, lively squeaks from the handloom units speak for the glory of this weavers’ town. The squeaks date back to over half-a-century ago, when the erstwhile village started developing as a handicraft centre, exporting the famous ‘Madras Real Handkerchief’ to Nigeria. An eight yard garment, Madras Real Handkerchief was worn by men and women in the African country, until it was stopped…

The alarming air quality in the National Capital region (NCR), comprised of Delhi and adjoining areas, has found fresh mention in the Economic Survey 2017-18 tabled in Parliament on January 29th. It is well known by now that the average annual levels of PM2.5 – one of the most critical contaminants in the air we breathe – remain at above three times the prescribed level in this region. The Survey reiterates the four main reasons for Delhi’s worsening air quality – crop residue and biomass burning; vehicular emissions and re-destributed road dust; construction, industries, and power plants; winter temperature inversion,…

Let's face it. There's no way you can be sure that the organic food that you bought from the store was genuinely grown organically, unless and until you yourself have produced it. I say this because genuine organic food can only be produced by natural farming practices. Natural farming, again, isn't possible without an  integrated farm and the very few integrated farms that we find cater mostly for self consumption by the producer. When food is grown for commercial purposes, it is easier to produce, process and transport a single item in large quantities, than to manage 10 different items…

When the story of Kanchanamala Pande, the silver medal winner at the Berlin para-swimming championship in 2017, hit the headlines, there was wide furore, and rightly so, over the tribulations that that she was made to go through. The grant sanctioned by the Government of India for six participants failed to reach them on time and Kanchanmala was forced to beg and borrow on the streets of Berlin in order to be able to stay there and participate in the tournament.  . If such is the treatment accorded to a para-sportsperson representing the country in a global tournament, one can…

Three years back, Chithra Rajan ordered a Dell laptop from a major Indian e-commerce company. There was an ‘offer’ on the laptop - while it usually cost over Rs 40,000, the offer was for Rs 27,000. “The laptop was delivered to my office, and I only opened it when I got home. I was shocked to find that the laptop was not manufactured by Dell at all, but by some unknown company. It also did not have Microsoft OS installed as mentioned in the product description,” Chithra says. When she called the customer care number of the e-commerce company, she…

This January, Neha Suri, a Delhi resident, got refund and compensation from the builder who took money from her offering an apartment and never handed it over. Neha had paid Rs 46 lakh to the builder in 2007. The builder had promised to hand over the apartment in 2010, but never did. In 2015, Neha filed a complaint at the National Consumer Redressal Commission. This January, the Commission ordered the builder to refund her Rs 46 lakh along with simple interest of 10% per year on this amount, and litigation costs of Rs 10,000. In another consumer case this April,…

When your options for bank deposits are flexible, you need not invest all your funds in FDs, but can spread them out across different instruments. This helps you to diversify your investments and expands the reach of your hand. Moreover, even when you decide to invest in FDs, won’t it help if you reinvest periodically? Invest first in short-term FDs and then as it matures, invest again for longer stretches of time. Keep the process alive even as different FDs mature. This could be an important lever that will enable you to meet your monthly income needs. It is not…

As dusk descends over Thozhuvur village, 41 km from Chennai,  S Kasinathan, rests on a small chair in his thatched roof house. He coughs incessantly and curses his fate for being a burial ground worker. The 42-year-old man from this village in Thiruvallur district has just cremated a body and has had to inhale the smoke for hours. Kasinathan laughs sarcastically when asked why he was not wearing his safety gear. “I do not even get a monthly salary here, despite working as a ‘vettiyan’ (one who cremates and bury the dead) for over 15 years now. Asking for a…

Even in the dusky season of retirement, when one is meant to finally relax having successfully shouldered the responsibilities of a lifetime, the elderly today have creases of concern on their faces, as they find interests rates for their investments falling. “Retirement has not been too exciting for me,” exclaims Anantharaman, who completed service two years ago. “I had planned for it to be special and I had put aside some money in fixed deposits (FDs). However, I had never imagined that the interest rates on our FD assets after retirement would be hit thus.” Well, they have been. And…

It was a Herculean task for John Jesudason, Chief Executive Officer of Creative Huddle, a startup digital advertising agency, to build his business while also taking care of the nitty gritty of office administration. He was left with no time for the real work, after supervising the housekeeping and management of office amenities in his own office space. But since the time that he switched to a co-working space called The Executive Zone on Anna Salai, with his four-member team, he has been able to focus singlemindedly on growing his business. Co-working spaces are slowly catching up in Chennai, providing…