Editors Column
Multiple factors seem to have stumped India’s famed IT industry, where layoffs stare at it in the face like never before. Reports emanating from information technology hub Bangalore do not signal optimism for a vast chunk of the country’s over four million IT professionals toiling across time zones and geographies.
INDIANS haven’t benefited due to the secular downturn in coal and crude prices over the last couple of years. Most distressing is the fact that fuel costs that reflect in variable costs of power tariff do not even tend to look southwards while consumers globally have made merry over the last two years as they forked out less on electricity consumption.
Forecast of over 100 per cent rainfall made by Indian Meteorological Department on Tuesday could serve as fresh dose of adrenaline to put the economy, markets and agriculture in the stratosphere this fiscal.
Monsoon-induced economic exuberance could also give a big boost for prime minister Narendra Modi’s plans on the drawing board to tweak policies ahead of his bid for a second term.
It is no small irony that at least four former and serving chief ministers have been charged for allegedly resorting to corruption of gigantic proportions. The long arm of law, it appears, has finally caught up with Lalu Yadav, Bhupinder Singh Hooda, Virbhadra Singh and Arvind Kejriwal, coincidentally around the same time.
Nearly eight weeks after the finance minister first mentioned it in passing, the government last week came out with an ordinance, which gave additional powers to the RBI in dealing with banks for resolution of non-performing assets (NPA) in a time-bound manner.
The launch of GSLV-F09, carrying the GSAT-9, described by prime minister Narendra Modi as a priceless gift to South Asia marks a big step forward in the nature of diplomacy in this region. The South Asian satellite, as it is called, that has been dedicated to six other countries must become the first step towards regional integration.
As Kashmir teeters on the brink, the Indian Army is once again at the vanguard of the clean up operation. On Thursday, cordon and search operations (CASO) were unleashed after many years in the volatile south Kashmir region. The massive operation is akin to a house-to-house search after cordoning off large swathes. The army leads these operations with the Rashtriya Rifles in pole position.
A series of electoral wins by the BJP has placed it in a strong position to get its candidate elected as the next president but the Congress-led effort to put up a fight by uniting the opposition has thrown open the prospect of a tight contest.
Right from saying that he would meet North Korean leader, Kim Jong Un under the right circumstances, boycotting the annual dinner with Washington correspondents, failing to convince his own party men to change health care laws, US president Donald Trump has done and said all the possible things that he had promised in such a short span of time that it appears financial markets have realised that h
The cut in deposit rates by the State Bank of India and the Bank of Baroda is without doubt an unkind cut. Those with small savings, among them people who are wary of entering the stock market because of its volatility, have the prospect of seeing their deposit rates drop in future. Badly hit, naturally, will be depositors with fixed incomes, and senior citizens who will likely end up worse off.