Editors Column
Automobiles, commercial vehicles and two-wheeler manufacturers have no alternative but to comply with the Supreme Court directive of not selling BS-III-compliant vehicles from this Saturday. What is worse is that they knew it was coming, but opposed it nonetheless. This is another leg up for the apex court, which has decided positively in favour of public health.
Aadhar number and cards enrollment is a sovereign exercise undertaken by the Centre over the last 10 years to essentially capture the socio-economic development parameters based data of India’s 1.24 billion people. There have been big critics of Aadhar numbers and cards.
Hoarding cash in huge amounts should perhaps be made a punishable offence in India. This should also be applicable to state-run companies that complain of government squeezing out huge dividends year after year. The story dates back to penultimate year of UPA’s second term headed by Manmohan Singh with P Chidambaram as finance minister.
The biggest issue that flummoxes small investors is why did the securities market regulator, Securities Exchange Board of India (Sebi), take ten long years to nail Mukesh Ambani-led Reliance Industries (RIL) for fraudulent trades in cash segment of equity derivatives relating to its erstwhile subsidiary, Reliance Petroleum (RPL)?
Theatre Of The Absurd. Bihar students need not be ashamed of mass cheating in exams. Parents, friends and their associates need not scale walls to provide answers to students appearing for exams.
Having bagged the biggest and most populous state, Uttar Pradesh, prime minister Narendra Modi, will now have to get back to the drawing board to rustle up a blue print for the next phase of reforms. He will have to undertake changes that will ensure work opportunities for the rural poor with 10 per cent GDP growth till 2024, as well as declare a war on poverty.
The noose appears to be tightening further on those that continue to dabble in black money or have made attempts to keep the tap open for black economy to operate seamlessly.
Vodafone Indian operations and Idea Cellular merger valued at $ 23 billion will no doubt create a telecom services behemoth. It’s not just that. This will also trigger consolidation in the highly disruptive and debt-ridden telecom industry. Many analysts have described the Vodafone – Idea merger as mother of all deals that one has witnessed in several years.
As reported by Financial Chronicle in its Monday edition, the government is considering consolidation amongst three of the four general insurance companies where it currently owns a majority stake. This move comes at the back of government intention to take these companies public.
There’s no denying the fact that Goods and Services Tax (GST) set to be rolled out on July 1, is the biggest tax reform since Raja Jesudoss Chellaiah had laid a firm foundation for an overhaul of taxes way back in 1991. If proceedings of GST council’s twelfth meeting are any indication, tax reforms that were kept in abeyance for 13-years seem to be put back on course.