Editors Column

The index of National Stock Exchange (NSE) Nifty 50 may soon be touching 10,000. On Monday, Nifty was within kissing distance of that mark, but weakness in the European market stopped its charge. A few more rupees getting added to index heavy weight stocks like RIL, ITC or Infosys and the Nifty should vault over that mark.

Those with deep pockets will have the definite edge in India’s high competitive, costs and quality conscious telecom services market. Mukesh Ambani-controlled Reliance Jio with access to flagship company Reliance Industries (RIL)’s cash, has reportedly invested over $20 billion into building up the telecom services business in the last 3-4 years.

has emerged as one of the biggest plastic waste producers globally, next to only China, Europe and North America. To be precise, 60 cities in India churn out over 15,342 tonnes of plastic waste each day with Delhi topping the list. Scarily, 6,000 tonnes of this non-degradable plastic waste continues to be littered without being collected.

No one should be opposed to consolidation in the hydrocarbons industry across operations in exploration, refining and marketing of petroleum products. Multiple players may have come into being with specific purpose in the hydrocarbons industry evolution.

Behenji’, as she’s popularly known among her acolytes, Bahujan Samaj Party (BSP) chief Mayawati seems to have made the first move to consolidate her slipping Dalit vote bank. Her resignation from the Rajya Sabha citing atrocities against Dalits in BJP-ruled states is a deft move to stay relevant in national politics.

President and vice-president elections that are underway have demonstrated two undeniable facts. After three years in power, despite the economy supposedly going through a majorly jobless growth phase, the ruling BJP-led National Democratic Alliance (NDA) is on an expansion spree.

The dramatic downturn in job creation in the IT sector is probably just an indication of the major problem that India is likely to face in the coming years — the problem of jobless economic growth.

Unless Indian information technology (IT) companies innovate and diversify, their very existence may be under threat, given the bouquet of low-end services and software development, which they offer. Most industry biggies have conceded that the golden phase of the IT industry in India may have come to a virtual end. A lot needs to be done if it is to be restored to its glory.

The multi-billion dollar data storage industry globally may undergo a revolutionary makeover in the next few years. If the latest breakthrough achieved by Harvard scientists is anything to go by, genomes and DNA, considered the lifeblood of biological life, may become the primary synthetic material for storage of digitised data into billions of terabytes.
Government’s chief economic adviser Arvind Subramanian will have to moderate the tone and tenor of his criticism against the Reserve Bank of India (RBI) and its monetary policy committee (MPC). The Mint Street versus North Block battle, now endemic over cutting interest rates, has shown greater dissonance develop between the two and this doesn’t augur well for a healthy financial system.

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