Editors Column

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?

One would clearly agree with former Prime Minister Manmohan Singh that ‘demonetising high value currency notes’ two years back was definitely an unconventional economic decision taken by the Modi government. There may not be many who tend to differ with the renowned economist-turned-politician in Singh when he says that demonetisation led to a steep drop in headline GDP growth.

In a time, when a credible nuclear deterrence is the need of the hour, India has done well for itself by completing the nuclear triad – the capability to fire nuclear weapons from land, air and sea – with the first indigenous nuclear submarine INS Arihant.

How crucial international crude oil prices are for the performance of the Indian economy is well established. But, every few months global markets register a reminder of this. Just four weeks back, when crude oil prices were soaring and had gone above the $85 mark, the financial markets very extremely nervous.

Prime minister Narendra Modi seems to have leveraged technology in a big way to derive huge benefits for the economy on the whole and industry in particular. The common portal launched to access loans up to Rs one crore by micro, small and medium enterprises (MSMEs) registered with goods and services tax (GST) network in 59 minutes is a demonstration of what technology can achieve for India.

Erstwhile Telugu matinee idol and founder president of Telugu Desam Party (TDP) NT Rama Rao must be turning in his grave. Rao built the entire edifice of TDP on an anti-Congress platform and Telugu pride. He had also played the role of National Front chairman to take on the Congress at the national level.