Editors Column

The recent move of IIMs to make redundant doctoral degree as pre-condition for applying for the post of director at these institutions has raised storm in the campuses. Sharp reactions from a few IIM directors ranges from some terming it an inadvertent drafting mistake to an unwanted attempt to change rules, which is not in the best of interests of the management institutions.

Time is running out for 15 miners who are trapped in a flooded rat-hole coalmine in Meghalaya since December 13. It is a pity that the rescue operations gained momentum only after two weeks of the accident. A multi-agency operation is finally underway but given the complexity of the task, rescuers may take days to reach out to the trapped miners.

All the parties that stood up for and against the legislation seeking to criminalise the practice of instant divorce (triple talaq) among Muslims denied that politics governed their respective positions. But behind this social reform attempt is a mountain of vote-bank politics. The strategies are pretty straightforward.

BHARATIYA Janata Party (BJP) president Amit Shah is under fire after the party’s defeat in the three crucial Hindi heartland states of Madhya Pradesh, Rajasthan and Chhattisgarh.

SLAPPING restrictions on e-commerce marketplace companies that resorted to predatory pricing and operation of cartels to edge out small retailers is a welcome move. Protectionism holds sway once again. Given that the erstwhile Jan Sangh was a party of and for traders, the move is not surprising. In any case, traders were miffed because of frequent online sales eating into their market share.

Having one standard rate of 15-16 per cent at which goods and services tax (GST) will be levied is a very ambitious proposal mooted by finance minister Arun Jaitley. It’s doable but not easy given the complicated market mechanism in India with federal character.

The entertainment sector has seen a sharp increase –76.66 per cent – in use of credit and debit cards for making payments. Liquor shops, bars, lounges and discotheques are other segments that have seen strong rise in card payments in the recent times. So what does it mean?

When the government is striving to make public sector banks people centric through various measures, state-run banks have virtually fleeced Rs 10,391 crore from regular retail customers in the form of ATM charges, and small accountholders who were unable to maintain monthly average balances, according to the government data provided to Parliament.

The government’s decision to go ahead with the infusion of Rs 1.04 lakh crore into public sector banks will strengthen their ability to lend resources for industrial expansion, agriculture and services. Supplementary grants presented in the Lok Sabha by finance minister Arun Jaitley on Thursday provides for infusion of Rs 41,000 crore.

At  a time when India is lobbying with global powers to ease movement of technology professionals, back home, chief ministers of some states are out to discourage workers from other states.

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