The whole issue of getting to the bottom of the banking scam could be falling between two stools. After Reserve Bank of India (RBI) governor Urjit Patel, in effect, bared his heart as he revealed the limitations in the central bank’s power to regulate and investigate banking operations, it is pertinent to ask where the RBI’s responsibilities end and the government’s begin.
One way of looking at the recent by-elections in Uttar Pradesh and Bihar, the results of which were declared on Wednesday, is that they give dynasts like Akhilesh Yadav and Tejaswi Yadav hope for the future. But, there is a larger message in the elections. For one, the invincibility of BJP juggernaut peddled with impunity in every election from Kutch to Agartala has come under serious threat.
Airbus A320Neo jets fitted with below quality Pratt & Whitney engines manufactured mid-2017 onwards should not put safety of Indian air passengers at stake. The Directorate General of Civil Aviation (DGCA) may have procrastinated for quite some time before grounding some of the aircraft belonging to IndiGo and GoAir aircraft fitted with these new but faulty engines.
The Fugitive Economic Offenders Bill 2018, introduced in the Lok Sabha by the Narendra Modi government on Monday, faces some genuine concerns for being too harsh and violative of property rights. The proposed legislation, among other things, aims to impound and sell property belonging to fugitives who have been charged with economic offences.
French president Emmanuel Macron’s on-going four-day visit to India is significant in more ways than one and may turn out to be a watershed moment in Indo-French ties that have only flourished over time.
If there is one institution in the country that has escaped corrosion it is the Indian Army. But the recent turn of events has caused alarm and voices of concern have highlighted the need to isolate the army from politicisation. Army chief general Bipin Rawat has often exhibited the unusual trait of venturing into territories that were avoided by his illustrious predecessors.
The NDA government’s decision to allow recasting of telecom operators’ debt worth Rs 4.62 lakh crore and enable them to repay over 16 years as against the earlier 10 years will help to improve liquidity in the sector. While accruals to the government against spectrum payments and licence fees will be much lower, it is assured of a constant revenue flow till 2034-35 from the top four players.
Telugu Desam’s insistence on special category status for Andhra Pradesh is bound to have political repercussions leading to possible severance of its links with the BJP-led National Democratic Alliance.
The dismal history of non-Congress, non-Bharatiya Janata Party third front formations prompt the poser whether there is space for such a front on an all-India platform. Telangana Rashtra Samiti (TRS) chief and Telangana chief minister K Chandrasekhar Rao appears to believe that political space does exist to sew up a non-BJP and non-Congress front before the next general elections.
On the day Donald Trump was elected US president, all global markets witnessed a steep fall. The fear was, if he actually decided to fulfil the promises he had made in his election campaign it would start a trade war and that would bring in disruption to the fragile global economic recovery. Now, 16 months since then, the US president has finally started what global markets had feared.