Editors Column
The wheels have come off the bus, a high base effect has seen a slowing economy decelerate faster in the last quarter of the financial year that has just closed. Agriculture with a 5.2 per cent growth rate against 1.5 per cent in the corresponding period of the previous year has saved India the blushes yet again, ensuring the tipping point at 6.1 per cent.
Pump priming oil and gas output through investments and technology from old fields will definitely work to India’s advantage. Narendra Modi government’s move to hand out contracts to private sector players for deploying enhanced oil recovery (EOR) technology and processes with global best practices must be seen in this context.
Market watchdog, Securities and Exchange Board of India (Sebi) has rightly moved to tighten the screws on offshore derivative instruments (ODIs) used purely to manipulate select stock prices and profiteer through speculative trades.
Finance minister Arun Jaitley recently hinted that the government was open to selling its stake in perennially loss making national carrier, Air India. This is not the first time that partial divestment or complete sale of Air India has been suggested.
Forging a national consensus on the presidential candidate should be the best option for both ruling National Democratic Alliance (NDA) led by prime minister Narendra Modi and the 17-party opposition front-ended by Sonia Gandhi.
Is demographic dividend going to be a nightmare for India? For sometime now, we have been hearing of how India is first among equals in a world, which is consistently getting older. But India has to brace up for a new reality, readying to flaunt the tag of being the most populated country displacing China.
After three years in office, prime minister Narendra Modi’s performance and acceptability ratings continue to be high even as the ruling BJP-led National Democratic Alliance (NDA) occupies the prima donna position as the largest political formation.
Collaborative pursuit of Asia–Africa growth corridor in partnership with Japan is significant in more ways than one. For one, China’s exclusion in this initiative is a message loud and clear given that president Xi Jinping has been pursuing his own dream project, One Belt One Road staking billions of dollars and his own reputation.
Zero tolerance against corruption must be the message that goes down the line with the CBI special court sentencing three top civil servants to two year jail terms in the coal scam perpetrated during the decade long UPA regime.
As reported by this paper in its Monday edition, government is unlikely to play any role in resolution of issues between banks and borrowers. It would be left to the banks to negotiate with the borrower and reach a solution on repayments of loan and haircut which banks will be taking on their existing exposure to a company.