The Financial Express

The Financial Express

Articles By The Financial Express

4983 Articles

Damning verdict on GST’s anti-profiteering rulings

Bombay High Court points to lack of appeals process in GST anti-profiteering law; also says it dents the reputation of a firm.

Opinion News

BHIM gets more powerful, now playing catch-up with UPI rivals

Original UPI app lagged rivals, is now playing catch-up

Opinion News

Doorstep dialysis delivery a good idea, but govt needs to work out weak links first

Doorstep dialysis delivery is a good idea, but govt needs to work out the weak links first.

Opinion News

How can govt ask Amazon, Walmart for supplier data?

Oddly, the government first allowed global players to set up shop in India via what is called the ‘marketplace model’ even though FDI is not allowed in multi-brand retail.

Amazon, Walmart, supplier data, Flipkart, CAIT, FDI, FDI norm, India, Competition Commission of India, CCI, Reliance Retail, Future Group News

Fighting fake news: Need more tie-ups like Mumbai cyber-cell with a startup

IT and telecom minister Prasad, in fact, has been having a running confrontation with social media firms on the need to share information with the government in a lawful manner in case there is such a need.

fake news, fighting fake news, Mumbai cyber cell, Facebook, WhatsApp, YouTube, Instagram, Telegram, Ravi Shankar Prasad, Election Commission News

Ayush should be covered under Ayushman Bharat, provided there are explicit treatment standards

While the ailments for which the Ayush ministry is seeking inclusion under PMJAY, including mental illnesses like clinical depression, can be treated or managed with allopathic treatment, bringing Ayush treatment under PMJAY

Ayush, Ayushman Bharat, explicit treatment, PMJAY, Pradhan Mantri Jan Arogya Yojana, ayurveda, unani, siddha, ayurveda, yoga, unani, siddha, homoeopathy, AIIMS, Ayush ministry News

Nanny state: UP’s mobile ban in colleges/universities does more harm than good

Students and teachers in Uttar Pradesh’s universities are no longer allowed to carry mobile phones inside the premises of colleges/universities. The directorate of higher education of the Yogi Adityanath-led government, as

Nanny state, UP, mobile ban, colleges, university, Uttar Pradesh, Kerala HC News

India needs to focus on TB cases going unreported

Globally, there were 484,000 incident cases of MDR/RR-TB, India accounted for ~50%. However, India has enhanced its registration, and saw notifications double to two million in 2018.

India, TB case,  WHO, Global TB Report, health news

Chhattisgarh’s anti-EVM plan for local govt polls hurts democracy 

As per various news reports, in June 2017, the ECI arranged for an EVM-hack challenge where political parties were asked to demonstrate how the machines can be tampered with.

Chhattisgarh, anti EVM plan, local govt poll, democracy , EVM,  local body elections News

CUCET is a good start, but India needs a SAT 

The higher education education needs all 598 public-funded universities, with the state coming on board, to have a common entrance test, quite like the SAT for college admissions in the US.

CUCET, India, SAT, National Testing Agency, NTA, MPhil, PhD, Delhi University, DU, Jawaharlal Nehru University, JNU, Banaras Hindu University, BHU, CBSE, CLAT , UGC  News

Good move to grant leading private engineering/ management schools greater autonomy

Private engineering/business schools belonging to category-1, apart from being eligible for grants without the requirement of inspections, will now be free to offer new courses, open research parks, incubation centres, etc, w

private engineering, management school, autonomy, AICTE, All India Council for Technical Education, University Grants Commission, education news

Skills university is great, but meaningful skilling effort needs much more

The stagnation of the ITIs didn’t occur only because services rapidly became the dominant sector of the Indian economy while the ITIs remained skilling factories for the manufacturing sector.

Skills university, Skill, skilling effort, large skilling gap, Industrial Training Institutes, ITI, Entrepreneurship University, college, vocational training News

Insure all bank deposits to retain depositor faith

According to SBI data, while 61% of bank accounts have deposits of under Rs 1 lakh—this is why the government doesn’t think the deposit insurance level has to be raised—these comprise just 7.8% of the total deposits bas

Insure, bank deposit, depositor faith, Insurance, PMC, SBI data, SBI, Punjab and Maharashtra Cooperative Bank, PMC  News

Fighting hunger: GHI, Comprehensive National Nutrition Survey findings point at a serious problem

The fact that India lags neighbours Pakistan and Bangladesh, despite a significantly higher per capita income, suggests the data on India’s hunger prevalence misses something.

National Food Security Act, nfsa, FCI grains stock, food ministry, Global Hunger Index, FCI debt, FCI procurement and storage, DBT, fci grains, india exports, Comprehensive National Nutrition Survey, india grain export, POSHAN Abhiyaan, india mid day meals News

Delhi shutting down unrecognised schools is a bad move

Data from the Delhi Economic Survey 2018-19 shows that despite the Delhi government allocating a quarter of its budget to education, government schools lag the national average in terms of learning outcomes significantly.

manish sisodia, manish sisodia twitter, Delhi government, arvind kejriwal, arvind kejriwal india, unrecognised schools delhi, Delhi State Public Schools Management Association, EWS admissions, EWS reimbursements, Delhi School Education Rules, Delhi Economic Survey 2018 2019 News

Can’t go the distance on education if online choked

Foolishly, we banned online education in 2015; the ban has now been lifted, but getting clearances is the problem

homegrown ed tech firm Byju, byju net profit, byhu shares, byju funding, byju valuation, Coursera, EdX, IGNOU, distance learning india, online courses india, school of open learning, delhi university, University Grants Commission, National Assessment and Accreditation Council, naac, IIM Kolkata, SWAYAM portal News

Giving away FCI grains as aid a temporary solution; price support and PDS reforms key in long-term

Unless the Centre considers reforming its MPS and PDS policies, replacing them with, say, DBT for food and cost-support to farmers, respectively, India will keep facing this problem.

FCI grains stock, food ministry, Global Hunger Index, FCI debt, FCI procurement and storage, DBT, fci grains, india exports News

State of Indian economy: Q2 GDP could be worse

In which case, even a 6% FY20 growth could be at risk

india economy, economic slowdown, global economy, india growth slowdoan, gdp, gdp of india, gdp growth rate, gdp of india 2019, gdp india per capita, india growth, india growth rate, india growth rate 2019 News

Railways model of Twitter governance can help DGCA tackle errant airlines

While the DGCA started the Airsewa portal, it has not been as successful as awareness regarding the platform has been limited.

railway complaints, airline complaints, piyush goyal twitter, dgca twitter, Directorate General of Civil Aviation, Civil Aviation Regulations, indian railways, Delta Airlines, indigo ailrines twitter, vistara twitter, spicejet airlines twitter, qatar airways News

L-1 has hurt govt and PSUs, so good if CVC is reviewing it

In the case of PSUs, abolish L-1 where the market is a competitive one; make it more flexible for govt tenders

PSU banks, PSU banks profit, PSU banks profit 2019, PSU banks treasury gain, bsnl crisis, Central Vigilance Commission, ONGC, ongc crisis News

India slipping on global competitiveness index is worrisome

India slipping on the global competitiveness index is worrisome, structural reforms are now urgent

India, global competitive index, india risk of doing business, india ease of doing business, india MNC, india investment, ICT adoption, BRICS rank, india BRICS, india npas, Sri Lanka, Bangladesh, Pakistan, BRICS, News

PMC scam: Insure all bank deposits; Deepak Parekh right to flag this issue

Given most politicians in the country are focused on only the poor, they think the amount of insurance is sufficient; after all, over 61% of deposits in banks are of less than `1 lakh.

HDFC chairman Deepak Parekh, loan waivers, corporate loan write offs, common man savings, Punjab, Maharashtra Cooperative Bank, SBI chief economic advisor, Soumya Kanti Ghosh, deposit insurance, india per capita income News

Tax on Google, Facebook: Global progress on taxing tech MNCs is a good start

Finalising exact parameters of the OECD proposals will take time, but there is an agreement on how to tax them

mnc taxes, taxes in india, corporate taxes in india, gst on facebook, gst google, Base Erosion and Profit Shifting, BEPS in india, OECD News

Corporates get responsible about plastic

Rushing into announcing a ban, to coincide with Mahatma Gandhi’s 150th anniversary or some such other landmark, is a bad idea.

Govt must announce bans only after a roadmap for transitioning to alternatives is laid down. News

Chem Nobel honours work that led to the Li-ion battery

With prices falling, lithium has found resonance with large-scale utilities and electric vehicles.

The theme of this year’s Chemistry Nobel was set as ‘A Rechargeable World’. News

WHO report shows how big the problem of blindness that could have been prevented is

The WHO’s first-ever World Vision Report highlights that 2.2 billion people across the globe suffer from vision impairment—of these, nearly a billion cases could have been prevented, if they were addressed with basic nece

Opinion News

Smart move by Reliance Jio, others should have emulated it

It benefits if its customers can pressure Trai to scrap IUC; if that doesn’t happen, it benefits from higher revenues.

Mukesh Ambani, chairman, RIL News