Editors Column

Whether an investment decision is right or wrong cannot be judged immediately. How a business pans out and the valuations that investments secure are a function of several factors. These are among the reasons why prognostications made by analysts tend to go wrong, as they are reluctant to concede that their excel sheets are unable to capture the uncertainty of the future.

Ballooning trade deficit to five-year-high levels in June 2018 does not augur well for India’s macro-economic stability. If this trend continues, the current account deficit (CAD) will cross the 2.5 per cent mark this fiscal.

It took 23 long years for the Central Bureau of Investigation to secure convictions and penalties against the accused in Rs 133 crore urea scam in which top politicians, including then prime minister P V Narasimha Rao’s kin were involved.

Democratising internet cannot remain just an objective, it should become a tangible agenda for the Narendra Modi government. Accepting telecom watchdog, Telecom Regulatory Association of India (Trai) recommendations on net neutrality by inter-ministerial body, Telecom Commission, should be the starting point.

Competition amongst states to unshackle the potential for businesses, industry and services is a sure shot way for India to move ahead in the global sweeps stakes in ‘ease of doing business’.

Slam dunk decision on the part of NCLT in the Cyrus Mistry petition against the House of Tatas is seminal in that it shuts the door in the face of the Pallonji Mistry family, which after the Tata Trusts is the single largest shareholder in the group holding company.

A faux cultural nationalism is sweeping India. Its dangerous spin off is mob lynchings. And if you go deeper into the concentric circle of this phenomenon then there is convergence of thought and ideas. Imagine sitting ministers of this dispensation batting for these despicable people. It has been a distasteful season.

After having disrupted voice and data mobile telephony, now Mukesh Ambani-led Reliance Jio has extended the competition to the Rs 60,000 crore broadband services market.

Should gambling and betting in sports including cricket be given statutory backing and legalised? At least, the Law Commission thinks that it’s the only way to regulate the unregulated gambling and betting industry that has spread its tentacles in India.

After the initial ecstasy and celebration, Delhi chief minister Arvind Kejriwal must have realised that the Supreme Court has not given his government any additional powers. It has merely stated where the LG’s jurisdiction ends. Be that as may, law and order, police and land continue to be outside Kejriwal government’s ambit and the state legislature’s purview.

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