Editors Column
When noted Hindi poet and writer, Harivansh Rai Bachchan wrote the eminently popular 135-verses treatise Madhushala, he may have never imagined that the tavern culture of a relaxing evening drink would end so abruptly and dramatically.
In 1990, VP Singh government had announced a farm loan waiver scheme and the exchequer had to bear a burden of Rs 10,000 crore. In 2008 February when the UPA government announced a farm loan wavier, it cost Rs 71,400 crore all told and was supposed to help three crore marginal farmers.
Life has come full circle for companies wanting to access long term low cost funds. Reserve Bank of India’s (RBI) move to set up Wholesale and Long Term Finance (WLTF) banks would effectively mean the return of Development Finance Institutions (DFIs) from the past.
Unraveling secrets of the brain has turned out to be the biggest fascination for the scientific community globally. And, the latest in a series of scientific finds was that sleeplessness in elderly people led to physical disorders like Alzheimer’s disease.
Surprisingly enough, the money policy committee headed by Reserve Bank of India (RBI) governor Urjit Patel had not much to say on reviving credit growth that has touched a historic low of 4.4 per cent in the last financial year.
Farm loans worth Rs 36,359 crore waived by Yogi Adityanath government in Uttar Pradesh is significant in more than one ways. Most analysts emphasised the political importance of this decision taken by the newly elected BJP government at its first cabinet meeting after the resounding victory in recent polls.
It’s rarely that finance ministers meet tax revenue mobilisation targets set in their budgets. Virtually there’s no precedent in recent times when a finance minister not only exceeded his budget estimates but also achieved revised targets that were higher than initial estimates.
The skirmish between founders of Infosys and the current management team seems to be turning into quarterly affair, much like quarterly results. Coming as they are with unerring regularity.
Will restrictions on liquor vends, termination of bar licences for hotels and restaurants on highways stop the road rage and minimise the number deaths in fatal accidents? Is the Supreme Court directive to close down all liquor sale and consumption on highways workable? What’s the best way to balance out some free leisure time mid-way on a long winding journey while keeping the roads safe?
Profiteering and unfair pricing of products and services has been an issue with many companies across sectors in this country. From providing education by private institutes, selling cardio-vascular stents at abnormal rates to jacking up onion prices in the aftermath of an inadequate monsoon or unseasonal rains, profiteering has been prevalent in India.