Editors Column
The Indian space establishment is all set to carve out a piece of history for itself. Come Wednesday, the Indian space workhorse, Polar Satellite Launch Vehicle (PSLV C 37), will launch a humOngous 103 satellites in one go, 500 km above the earth.
When Martin Esslin and Albert Camus coined the word ‘theatre of the absurd’ for post-World War II French plays, they would not have possibly foreseen the extreme absurdity in the Indian political theatre, which plays out consistently decades later. That’s exactly what’s happening in icon-obsessed Tamil Nadu where 130 legislators are apparently being held in captivity.
IN what is a replay of events at Bombay House late last year, the slugfest in Infosys between its powerful founders-promoters and the top management team brings to fore corporate governance issues that continue to bog several top-end companies in India.
Billion dollar question: Where is the cash that is sitting idle on balancesheets going to be deployed? How is it being optimised? For, only after deployment will it gain value. Many would argue that that for cash to be accretive, the acquisition route is best. But that comes with its own perils. Blow out dividends is one option and PSUs, for instance, are mandated to do this.
If state-run enterprises and public spending have to take the lead to revive the sluggish investment cycle, then they are expected to take the lead in kick starting jobs as well. With the private sector burdened with heavy debt, a high interest rate cycle having debilitated it in terms of accessing cheaper funds, the onerous onus lies on the PSUs.
Every time, the Reserve Bank of India (RBI) is about to meet on deciding policy rates, the focus invariably moves on to the future of repo rate, reverse repo rate, cash reserve ratio and statutory liquidity ratio. Expect the same this week when the RBI meets to decide on policy rates.
Ponzi schemes have gone high tech. Sleuths investigating such crimes and markets regulator, Securities Exchange Board of India (Sebi) will have to turn technology savvy to put an end to these crimes against gullible and innocent investors. High technology and social media driven crimes need to be dealt at a different level given the involvement of well-educated people in such acts.
Ponzi schemes have gone high tech. Sleuths investigating such crimes and markets regulator, Securities Exchange Board of India (Sebi) will have to turn technology savvy to put an end to these crimes against gullible and innocent investors. High technology and social media driven crimes need to be dealt at a different level given the involvement of well-educated people in such acts.
It’s a war of sorts unleashed against teenage girls and women by mobile re-chargers. Mobile peddlers have turned into crass gender violators, particularly across poll-bound Uttar Pradesh. These mobile re-charge crooks have made life difficult for unsuspecting girls by palming off their numbers to stalkers and sex-depraved men of all age groups.
Arun Jaitley’s budget needs to spur investments and push growth in the industrial sector. With private sector capital formation and the investment pipeline dry for years now, it is incumbent on public spending and state-run companies to front-end the investment revival cycle. Now it is time for Indian companies to join this spending boom to invigorate the economy.

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