Editors Column

Insurance companies in India — both life and general — are in the midst of a huge churn. They will add heft to their capital base essentially through induction of private equity funds as promoters and initial public offers that are underway.

In the way that an open, accessible and neutral internet regime is the most preferred option for net users, the Securities and Exchange Board of India (Sebi) will have to devise policies to ensure that the market is a non-discriminatory, fair and equitable forum for businesses and investors alike.

The Telecom Regulatory Authority of India (TRAI)’s move in favour of an open and accessible neutral internet regime is a big relief for common netizens from the Indian sub-continent. The next step would be for the Narendra Modi government to accept with alacrity TRAI’s recommendations that are in keeping with an open society.

As reported by this paper on Monday, the government is considering a plan under which farmers will not be allowed to grow water-intensive crops like paddy and sugarcane, if they want access to water from new irrigation projects coming up in the country. In short, the government is planning to influence what farmers do by using water resource as a tool of state policy.

Protecting fundamental rights of the country’s citizens is definitely the mandate of Supreme Court of India. Chief justice Dipak Misra has rightly stated that it was the judiciary’s responsibility to protect the peoples’ rights.

Super rich people should be super generous, said Nandan and Rohini Nilekani while pledging half of their wealth to philanthropic causes after signing up for the ‘Giving Pledge’.

Reworking direct tax laws is not a bad idea given that all indirect taxes have been consolidated under  goods and services tax (GST). And setting up a seven-member panel headed by Arbind Modi might have been the first step towards reforming the Income Tax Act of 1961.

Under pressure from the catalogue of voluble surround sound, government seems to have succumbed to slapping a blanket ban on promoters to bid for stressed assets under the Insolvency and Bankruptcy Code (IBC). By bringing an ordinance to bear on this issue, the die appears to have been cast, the oxygen cut of for alleged willful defaulters.

Bringing every real estate transactions, including the sale and purchase of land, under the Goods and Services Tax (GST) is a big idea that needs to be worked upon by the GST Council, as this move can make several things possible.

While it is true that the growth rate of Indian economy has bottomed out at 5.7 per cent, going forward it is likely to improve now that the disruption caused by GST and demonetisation has already begun to disappear, much earlier than anticipated.