Editors Column
The ongoing fight between Raymond Limited and minority shareholder JHP securities once again brings back into focus the issues relating to corporate governance and lack of investor activism in India. What where other institutional shareholders doing all this while, after all they also had the same balancesheet to look at?
There is speculation that India will overtake Germany to emerge as the fourth largest economy globally by 2022. Having surpassed Great Britain in December 2016, now the next target would be to move beyond Germany in the pecking order.
Screen fatigue seems to have hit the human race big time, given that eyes are constantly exposed to various screens, from android and Apple I-phones, televisions to e-books, laptops, iPADS and computers. This over-exposure on the ‘eyes’ seems to dictate whether one would continue to watch, use and look at e-devices or not.
Amassive 1,000 per cent surge in 120 stocks from October 13, 2013 till date, after Narendra Modi was declared BJP’s prime ministerial candidate is symptomatic of the bull power in the stock market that has reposed huge confidence in his government.
Narendra Modi government will do well to quickly end the policy maven flip-flop on the proposal to tax farm income ending decades of exemption enjoyed by agriculturists post-independence. Taxing farm income was a British era repressive practice, this came to an end after India became independent in 1947.
In 2010, it was the 82nd battalion of Central Reserve Police Force (CRPF) that virtually got decimated in Dantewada district after a guerrilla operation of the left extremists led by Peoples War Group founded by late Kondapalli Seetaramaiah.
In the last few weeks, demonetisation has moved out of the headlines, perhaps because there are no long queues at ATMs. In a sense, there is little media interest in the impact of demonetisation. Some important questions remain unanswered on how much money finally came back to the banking system and what was never deposited with the banks ostensibly out of fear of the tax authorities.
As prime minister Narendra Modi himself told the civil services officers, fruits of economic reforms can be enjoyed only when they put an end to red tapism. True transformation on the ground can be felt only when governance is taken to the doorstep of people in remotest villages. For that to happen, people will have to take a big part in governance at grassroots.
In the light of the current goings on, there are relevant questions to ask. Do our army jawans enjoy basic rights while on duty in the Kashmir valley? Why are our so-called liberal intellectuals silent on human rights violation when unruly mobs provoked by forces from across the border, kick, jeer and humiliate jawans?
A relic of post-British independent India and considered feudalistic, prime minister Narendra Modi and his cabinet have decided to give up the flashing red beacon and siren on their cars.