Editors Column

The dramatic downturn in job creation in the IT sector is probably just an indication of the major problem that India is likely to face in the coming years — the problem of jobless economic growth.

Unless Indian information technology (IT) companies innovate and diversify, their very existence may be under threat, given the bouquet of low-end services and software development, which they offer. Most industry biggies have conceded that the golden phase of the IT industry in India may have come to a virtual end. A lot needs to be done if it is to be restored to its glory.

The multi-billion dollar data storage industry globally may undergo a revolutionary makeover in the next few years. If the latest breakthrough achieved by Harvard scientists is anything to go by, genomes and DNA, considered the lifeblood of biological life, may become the primary synthetic material for storage of digitised data into billions of terabytes.
Government’s chief economic adviser Arvind Subramanian will have to moderate the tone and tenor of his criticism against the Reserve Bank of India (RBI) and its monetary policy committee (MPC). The Mint Street versus North Block battle, now endemic over cutting interest rates, has shown greater dissonance develop between the two and this doesn’t augur well for a healthy financial system.
Foreign Secretary Subrahmanyam Jaishankar is more than confident that the standoff with China on the Boklam Plateau would be resolved amicably given a huge list of such incidents on the Arunachal Pradesh and Sikkim sectors in the past. The imaginary border which is not defined anywhere gives rise to such incidents due to perceived differences of opinion on what constitutes whose territory.
The attack by Lashkar e Taiba (LeT) terrorists on hapless pilgrims in South Kashmir late on Monday is a dastardly, inhuman act that was typically aimed at worsening the ground situation in the Valley.
On Monday, while Nifty, the main index of the National Stock Exchange (NSE) touched an all-time high level, its credibility and that of the processes being followed touched an all-time low. Trading at the NSE was halted for almost three hours for what NSE kept describing as a “technical glitch.”
Ten days into July, Goods and Services Tax (GST) continue to hog the headlines for one reason or the other. There’s no denying the fact that GST has turned out to be the biggest reform measure notwithstanding the glitches, limitations and uneasiness in several quarters.
Making electronic transactions safe and secure would be an imperative to taking banking digital. Reserve Bank of India's (RBI) latest norms to protect customers’ interest and limit their liability in online banking transactions are definitely a starting point.
There’s no logic in opening a window afresh to exchange old Rs 500 and Rs 1,000 currency notes that have long ceased to be legal tender following demonetisation.