Editors Column

It is that time of the year when farmers in the north Indian plains burn their crop residue to prepare for the next season of farming. It is also that time of the year when people living in crowded, cramped and crawling cities dotting the northern landscape gasp for breath.

The Sabarimala protests have created a situation where implementation of the Supreme Court’s historic judgment of September 28, allowing women of menstruating age to pray at the Ayyappa Temple, has become a challenge. The unfolding events in the Periyar Reserve Forest have the potential to alter the political history of southern India. That religious passions are high is obvious.

Two days after he went on an offensive to defend himself and moved the court with a battery of lawyers against one of the  several  women who accused him of  sexual harassment, junior foreign minister MJ Akbar stepped down even before the brazen fight back.

The government is planning to get rid of the cross holding structure of various oil companies. It is logical to have clean and simple holding structures in any PSU. In fact most PSUs, except in the case of oil companies, have a simple shareholding structure that is probably the reason why other PSUs tend to get better valuation than companies in the energy sector.

It has been nearly five years since the Congress took a severe drubbing at the hands of the BJP in the general elections but the party continues to be stuck in the slush of disarray.

Junior foreign minister MJ Akbar has forcefully defended himself against serious allegations.

Should Life Insurance Corporation (LIC), National Housing Bank (NHB) or State Bank of India (SBI) bail out much-tainted Infrastructure Leasing & Financial Services (IL&FS) that piled up over Rs 91,000 crore in debt? Is it sustainable to pump good money into a bad company even if it holds some very ba­nkable assets?

Piyush Goyal, one of the better performing ministers in the Narendra Modi government, has his task cut out. Reforming Indian Railways is what he needs to go diligently about. The Far­akka Express derailment on Wednesday near Rae Bareli has led to 7 deaths and injuries to 60 others.

The Supreme Court’s directive sending three directors of the Amrapali group to police custody will be welcomed by homebuyers. The highest court’s directive to hand over all documents relating to 46 group companies to forensic auditors and give possession of flats to 42,000 buyers carries a big message for real estate companies.

For the last two decades or so, every finance minister in his budget spe­e­ch has mentioned the need to ha­ve a developed and liquid bond market. But the pace at which corporate debt has increased, the development of corporate bond markets leaves much to be desired.