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The Financial Express
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Water Wisdom: Govts/political parties will do well to heed Delhi High Court’s words on giving freebies indiscriminately
The HC said that while free water for people living in slums could still be understood, there was no reason why those who can afford to pay should still be given free water.
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PSB NPAs piling up
In fact, 12 banks had gross NPA ratio of above 10%—all 12 are PSBs. Five banks had a ratio of less than 2% and another five between 2-5%—all these are private sector banks.
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Stop milch-cow politics, ONGC can’t bear oil burden
ONGC, and other oil PSUs, have traditionally been milch cows for the government, but while the NDA did away with the practice of discounts thanks to the crash in crude prices, it introduced new ways to milk ONGC.
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Don’t panic about the rupee
Nonetheless, at a time when the currencies of competitor nations are depreciating, a weaker rupee should not be cause for too much concern.
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US court cites First Amendment to violate Donald Trump’s First Amendment Rights
The court ruled that, since the @realdonaldtrump handle is now government-run, and is used as a tool for the conduct of government business—Trump has made many a policy announcement, and communicated with world leaders via the handle—it constitutes a public forum within Twitter’s “interactive space”, and that Trump’s blocking individual of accounts was unconstitutional.
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Spot power prices soar – The Railways and Coal India have to work harder to fix this
Spot prices of electricity, however, have gone through the roof—hitting `11.41 per unit earlier this week. This is important but not critical since the volumes in this market comprise just about 5-6% of the total electricity used in the country.
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UTI is not a PSU, and it has to be Sebi-compliant
Government has to stop trying to run it through its financial institutions, ensure the IPO goes through, and set UTI free
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Countries looking to boost their child-bearing policy must ensure that it doesn’t impede the hiring of women
Countries like China, where social attitudes remain entrenched, may find it even more difficult to get a baby boom to happen, despite incentives.
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States are getting an oil windfall, let them cut VAT
Between January and now, for instance, Maharashtra’s petrol/diesel VAT rose by `1.8 per litre, so why not get it to cut this?
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Rethinking court vacations: Vacation system must be reformed to reduce pendency of cases
The pendency of over 3.1 crore cases in Indian courts, and its link with inadequate judicial strength—India has just 13 judges per million population as against the UK’s 100—is well known.
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Delhi government’s spoken English programme will give students a boost in their professional and academic lives
The Delhi government must be commended for looking to address a key gap students in government schools across India face, one that proves debilitating academically, and professionally, later in life.
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If the rural economy is stressed, how is consumption brisk?
The trends emanating from India’s rural economy are so conflicting, it is hard to tell how stressed the hinterland really is.
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Sugar’s bitter truths
It is not just the states, even the Centre is being populist.
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Fining tech firms for cyber-bullying of child-users shifts the responsibility of guardianship from parents to companies
The UK government is mulling over penalising tech companies for cyber-bullying, especially of children—to the tune of almost 4% of their global annual revenue.
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Unfriending Facebook: Many socially conscious funds junk their Facebook holdings over privacy concerns
Several funds, guided by Environmental, Social and Governance (ESG) motives in investing, have either divested their holdings in Facebook, or are planning to do so, in light of the Cambridge Analytica privacy scandal.
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Open Access: A global movement to free research from paywalls put up by publishers is underway
Nature reports that libraries and university consortia in the continent are not only brokering new contracts that make more published academic work paywall-free or offset some of its effects, but also are collaborating widely to achieve this.
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A new survey report should give pause to Aadhaar critics
Aadhaar-critics usually question it on two fronts—on privacy, and over authentication/verification failures resulting in the most vulnerable not being able to access government benefits.
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Start cutting staff of PCA banks to help them survive
At a time when there is talk of the need for RBI to make the guidelines for its Prompt Corrective Action (PCA) less stringent, it is important to keep in mind these have actually been made more lenient than in the past.
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A new low for the rupee
The rupee has depreciated close to 6% against the dollar since the beginning of this year, in line with currencies of other emerging nations.
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Resort-politics is a curiously Indian phenomenon
Resort-politics is a curiously Indian phenomenon. When there is a threat that a rival party will make Gaya Rams of your faithful—usually right before a test of strength on the floor of a state Assembly—your last resort is, well, a resort.
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Preserving IBC’s goal
With promoters and prospective buyers fighting it out in the tribunals, the corporate insolvency resolution process (CIRP) is mired in litigation.
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Prepare for a rate hike later in the year
With crude oil prices hitting $80 dollars a barrel, and looking like it is not coming down in a hurry, India’s macroeconomics cannot but deteriorate.
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Dam removal has become key for river restoration in the West
Dams, despite their gains, are hardly ever free from controversy. They throw the ecology of their surroundings off—migrating fish species can’t reach breeding grounds and often die out, setting off a chain of consequences for the food-chain; damming impacts local flora dependent on an uninterrupted supply.
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IBC’s 29-A’s 1st victory
Whether defaulting promoters should be given a chance to buy back their companies—at a huge discount—in the insolvency process, at the National Company Law Tribunal (NCLT), has always been contentious.
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The Karnataka shot in the arm for Modi
Whichever political party or coalition ultimately forms the government in Karnataka, there is no denying the BJP has turned in a tremendous performance. It is evidence the party remains popular, as does prime minister Narendra Modi.
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Oppressive Law: The legislative has failed to do justice to LGBT Indians
Of India’s many archaic laws, Section 377 of the Indian Penal Code, which criminalises homosexuality in the garb of criminalising “sex against the order of nature”, is one that should have been scrapped long ago.
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Picking your pharma right: Why alienate US with stent regulations or compulsory licensing?
While the two countries have traditionally sparred on the intellectual property rights (IPR) regime in the pharmaceuticals sector, India must learn the right lessons from the US President Donald Trump’s warnings over the weekend.
