RIL share price today slumps up to 7% after Mukesh Ambani announces weaker than expected Q2 earnings
Petrol price today: Big relief! Petrol prices slashed further by 24 paise in Delhi; check latest rates- Rich India! The country has 7,300 millionaires in 2017-18, wealth dominated by property and real assets
- Aadhaar-based eKYC: No discontinuation of mobile services, says government
- Former SBI Chairman Arundhati Bhattacharya joins Reliance Industries' board
- Big relief: Petrol, diesel prices cut for the first time in two months on softer crude
- Rich India! The country has 7,300 millionaires in 2017-18, wealth dominated by property and real assets
The Financial Express
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Why India should let go its MSP plan and adopt per-acre cash payments for farmers
Though it is early days yet, it is clear the government’s plan to woo farmers by promising them a minimum support price (MSP) that equals at least 1.5 times their A2+FL costs is not working.
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Age of innuendo: Fake news, repeated often enough, could become the new default
Fake news, repeated often enough, could become the new default.
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Farmer distress: Why NITI Aayog’s cashback proposal for Fasal Bima Yojana is a bad idea
NITI Aayog has proposed that 75% of the premium paid by farmers under the Pradhan Mantri Fasal Bima Yojana (PMFBY) will be returned to them if they don’t file claims for crop damages for four-six consecutive agricultural seasons. Government officials reckon that such a move would attract more farmers into the insurance fold; at present, […]
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Disaster management: Government must allocate funds but needs to address recurring implementation challenges
A panel of state finance ministers formed to recommend ways to mobilise funding for natural calamities and disasters has sought the view of the GST Council on whether a disaster cess/tax should be imposed nationwide or in a state-specific manner.
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Why ailing PSUs, working as ‘instrumentality of state’, can never recover or work freely
Finance minister Arun Jaitley did well to say, at a recent event organised by the Comptroller and Auditor General of India (CAG), that it was time the country revisited the legal regime for PSUs, to ensure they were able to perform efficiently in a competitive environment.
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Weak rupee fails to bring cheer to exports, structural reforms needed
A study by Axis Bank showed that, while India has moved up the value chain in the US market, the unit value of exports was similar to that of Vietnam in 2012; today, Vietnamese exports command a premium of 15-16%.
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Polio vaccine contamination: Government needs to fix drugs procurement policy for public health
The Central Drugs Standard Control Organisation (CDSCO) needs to handle the re-emergence of a polio-virus strain long believed to have been eradicated with a much larger degree of deftness than it is known for if India is to keep its polio-free tag.
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#MeToo movement: Beti Bachao takes a hit with M J Akbar case, government should have asked him to step down
Given the nature of a #MeToo movement, where victims come out with their stories decades after the event, proving allegations to the satisfaction of a court of law was always going to be a tough call.
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Worrying! Capital expenditure is falling; a lot depends on government spending and that could weaken too
For investments to pick up, however, government policies need to be better framed; in the renewable energy sector, for instance, some state governments have reneged on contracts jeopardising the capex.
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What will destroy humanity first: Artificial intelligence or climate change?
Hawking’s hypothesis of eventual machine dominance may just lose to climate change destroying the planet before AI does
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European Union plans CO2 emission monitoring from space by 2020 – where are cuts from its member nations?
The European Space Agency, by the late 2020s, will be deploying miniature carbon dioxide measuring instruments in space, via a constellation of satellites, which will check if cities and plants are sticking to their respective emission caps.
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Falling markets & MF NAVs: Fund managers hid the fact we were in a bull market for a long time
Fund managers at the country’s mutual funds, as also fund managers overseeing ULIPs, have a lot to answer for, given the majority of schemes have posted negative returns over the last year.
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Longer tenure 3rd party cover, higher insurance for owner-driver: Impact more serious than one can imagine
While both buyers and sellers of two-wheelers and cars are still grappling with the impact of recent court rulings on insurance, the impact is a lot more serious than most imagine.
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No leave for judges on working days? Filling up vacancies better way to cut backlog
Chief Justice of India Ranjan Gogoi has banned all judicial officials, from high court judges to judicial officers in subordinate courts, from taking leave on working days—unless, of course, there is an emergency.
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Operational creditors get their due, but IBC slows
Operational creditors will now get more of their dues and a voice in insolvency resolutions, but the process will slow
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Mental-health gaps: India will lose trillions if it doesn’t fix mental healthcare
Data from WHO show that, in 2014, India had just 0.3 psychiatrists per 100,000 population compared with Brazil’s 3.49, China’s 1.71 and the US’s 12.4.
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Special privileges like separate lines for taxpayers? This may not work in the long run. Here’s why.
Tax compliance levels reached 65% in April of this year from 55-57% in September/October of last year. The incentive proposal is aimed at widening the tax base and narrowing the trust gap between citizens and government officials and bureaucrats.
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Banks not passing Repo cuts to home loan borrowers: SC directive displays lack of knowledge of banking
Asking RBI to see whether banks are cutting lending rates in line with repo rates is simplistic since many factors are involved
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Burning more cash at Air India: New debt SPV plan is triumph of hope over experience
No reason to believe the revamped Air India will be profitable
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Going need-based: Google’s move to cut requests for data by apps is a security boost for users
Google’s latest security measure seeks to rein in requests of apps for data that are not critical to their functioning
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SBI purchase of loan portfolios: Bailing out NBFCs critical as regulators slept earlier
Certainly the IL&FS-induced crisis made things tougher for NBFCs, but how did regulators allow such large ALM?
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Here is one Aadhaar solution that telcos & fintech cos can use till SC concerns are addressed
When Aadhaar was begun, anyone wanting to use it for authentication had to give his/her Aadhaar number.
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Oxford English Dictionary adds new words; in the times of Trump it may be right in adding Idiocracy
Idiocracy may be best depicted by the Trump administration—it refuses climate action even as scientists have sounded the final alarm for action to avoid climate catastrophe, it is caging infants and teens, and in-betweens, as part of its immigration policy.
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India’s #MeToo takes off, as institutional redressal fails
If it took women this long to speak up in media/cinema, it will take much longer in more hierarchical professions.
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Get Trump to act on climate
The report says that, at the current rate, global warming will breach the 1.5oC threshold between 2030 and 2052.
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Maths Divide: The gendered stereotype persists and affects girl students’performance
The researchers found that an increase in bias against girls and their mathematical abilities not only led to lower performances for girls in math tests but also to no significant improvements in their English and Chinese test scores.
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Delhi Pollution: Crop burning set to choke national capital again, government should have acted in advance
Given the short period between early-winter harvesting and start of the next sowing period, fast disposal of farm waste is a virtue above all others.
