Putting an end to the mess in the Central Bureau of Investigation (CBI) and restoring the agency’s credibility must be of paramount importance for the government. Years of policy paralysis under the UPA and keeping the CBI mess in fetters seem to have taken a toll on the country’s premier investigation agency.
As reported by this paper in its Monday edition, almost 20 per cent of the Flipkart work force is seeking a change in a bid to move to other companies. Apparently their names are floating on job portals. Whether this sort of mass exodus has been triggered by the unceremonious exit of group CEO and co-founder Binny Bansal or there is something more to it, is a matter for speculation.
Shadow boxing between India and China seems to be going on with no end to the muscle flexing in the South Asian region. The political upheaval in Sri Lanka and change of guard in Maldives has a clear imprint of the two Asian biggies haggling for dominance in the region.
The seemingly conciliatory note sounded by RSS ideologue Swaminathan Gurumurthy on the rift between RBI and government – when he says friction between them is undesirable – is a good development but it is difficult to say whether it can be considered a good omen for the November 19 meeting of the RBI board.
Ratan Tata’s dream of owning a top-notch pan-India airline with reach to the western world may come true. If Tatas take Jet Airways – with reports suggesting its merger with Tata-SIA – along with its controlling stake in Vistara and Air Asia, the venerable group will complete its aviation arch to evolve as the largest player in the tricky Indian market.
The media and entertainment business in India is slated for a huge churn if media baron Subhash Chandra’s decision to rope in a global strategic partner in Zee Entertainment is anything to go by.
The mud-slinging over the multi-billion dollar Rafale fighter jet deal has taken a decisive twist after the Narendra Modi government divulged ‘most sensitive pricing, technical and weapons details’ to the Supreme Court on Monday.
It was expected that the Bharatiya Janata Party would fight tooth and nail to overcome backbreaking anti-incumbency in Chhattisgarh where it has won the last three elections and in that sense the ruling party has not disappointed.
The decline in crude oil prices after six months of upswing will provide some elbowroom to finance minister Arun Jaitley to manage the macro-numbers. From $63 a barrel in February 2018, crude prices rose to $86 per barrel last month. Then on, the crude prices have plummeted below $70 per barrel by Diwali.
The debate on privatisation has been rekindled following a cabinet decision to hand over six airports to private companies twelve years after Mumbai and Delhi airports went into private hands. Is public private partnership (PPP) model the right way to build airports infrastructure and support the burgeoning aviation sector that is brimming with activity?