For the first time, the Serious Frauds Investigation Office (SFIO) tasted success in the well-publicised arrest of former managing director of Bhushan Steel, Neeraj Singhal for siphoning off Rs 2,000 crore through a web of 80 companies.
The Congress-led opposition alliance suffered a major, even embarrassing setback after the ruling NDA’s candidate easily won the election for the deputy chairmanship of the Rajya Sabha. Janata Dal (United) member Harivansh Narayan Singh’s election as M Venkaiah Naidu’s deputy is politically significant.
Stressed power assets cannot be accorded differential treatment as banks have a massive exposure of Rs 3 lakh crore in these projects, mostly in the private sector. If one-day default norm is operative in other sectors, how can the Reserve Bank of India (RBI) provide a special dispensation for power generation companies that have messed up with assets over the years?
End to end encryption of messages is sacrosanct for social media platforms like WhatsApp, Facebook and Instagram. Neither the origin nor the delivery point can be divulged irrespective of the situation.
The horror of the Muzaffarpur shelter home has jolted the nation but the government in Bihar is yet to be shaken out of its slumber. The entire episode has not only exposed a disturbing and depressing aspect of society but also extreme callousness of the administration.
Questions have been raised over the future of the Indian aviation industry. Some of those questions have been prompted by prospects of a big churn aimed at survival of airlines. It may be too early to foresee a consolidation in the industry with airlines registering a dip in profitability owing to a combination of factors.
Triggering trade disruptions and causing hiccups for the economy cannot form part of stated policy. India should try and resolve its trade disputes with the US without the matter escalating into a full-scale war. US President Donald Trump has fuelled trade conflict both with friends and enemies of America.
5G spectrum auctions must take place as early as possible for an early launch of data and speed-centric mobile services in India. The Telecom Regulatory Authority of India (Trai) recommendations on 5G spectrum have factored in most issues, especially the pricing for every one of the eleven bands.
High inflation and interest rates seem to have reached tipping point and will begin to pinch consumers — both in rural and urban areas. In the process, India’s GDP growth is likely to suffer though RBI has stuck to its earlier estimate of 7.4 per cent for the current fiscal.
The exercise to draw up a national register of citizens (NRC) in Assam, a border state with a sizeable Muslim population, has expectedly generated a major controversy.