Editorial

Editorial

Of tailspins & nosedives

Geopolitical worries were back in focus on Friday with markets witnessing the sharpest single-day fall of 2017.

Investors were also wary of widening fiscal deficit after the Indian finance minister announced the government may come up with measures to revive economic growth. It seems the government is finally taking note of the slowdown instead of talking up the economy.

When good is bad

Rajasthan became fifth state after Uttar Pradesh, Maharashtra, Punjab and Karnataka to announce farm debt waiver. This is to counter the problems faced by agriculture sector in India. Stagnating productivity, value of farm proceeds not significantly higher than input used in production has lead to stagnant farm incomes. So long as a long term and sustainable solutions to these issues are not found, farm loan waiver will keep returning at the state or even national level.

Motown Blues

GST promises to be a game changer and the government is dedicated to make it a success with a view to expand the tax net and enhance tax compliance by simplifying tax structure.

While the GST Council has been making all efforts on the simplification part, the automobile segment has been the one facing unpredictability as the council has decided on the cess —over and above the GST rates — to offset any drastic gain by the industry by virtue of implementing GST that subsumes all taxes under one tax.

DISEQUILIBRIUM: The road to success

Even while we were celebrating a second successive monsoon, we have been blindsided by the possibility of a late drought striking large swathes of India — as many as 235 districts (government has been denying this) — may end up facing the prospect. Pertinently, weak dispersal of rains has impacted water storage levels, vital for winter crops.

Coexistence As virtue

Coexistence is the greatest value that we have developed as human beings. Much of the contexts of human evolution in the face of a dominating cultural and natural environment is to believe that either God or powerful humans are in charge, and they make the decisions.

When languages are lost in translation

The Noida Sector 15 building of the Rekhta Foundation for the past few months has been abuzz with a new kind of frenzy. The foundation, primarily known for popularising Urdu among the masses, stays busy these days with students and teachers of all hues pursuing a one-of-its-kind short-term Urdu learning course. “The 30- hour Urdu rasm-ul khat (script) was my first experience of teaching the basic Urdu script and alphabets to adults. And it’s worth it,” says professor Abdur Rasheed of the Urdu department of Jamia Milia Islamia.

Decoding PMJDY

Lending, more specifically moneylending, as an economic practice has existed for centuries: first wearing the banner of barter, then under the tutelage of mercantilists and pawnbrokers, and today, in the hands of modern banks, credit card companies, mortgage lenders and the like. With such evolution, credit became a necessity but it wasn’t accessible, available or affordable to everyone. Primarily, the penurious and destitute were systematically excluded from this phenomenon.

Plant seeds of success

The India that existed in 1965 no longer exists today. Agriculture was the main contributor to the GDP then; today it is a distant third. We were not self-reliant in food production then and food security was a genuine national concern. Today India is self-reliant in food grains, fruits, vegetables, milk and livestock.

Cut & Thrust: The man who knew too much

At the height of the cage match between Infosys Founder N. R. Narayana Murthy and CEO & MD Vishal Sikka in mid-February, Sikka came up with a bizarre comment which created a maelstrom on socmedia. He famously remarked – I am a Kshatriya warrior. I am here to stay and fight. Odds for the same man to cut and run in the face of relentless pressure being exerted by Murthy on the foul odoured Panaya deal. Curious that Sikka was seen jumping off the high dive as his Promised Land narrative for Infy was to be bushwhacked only six months later.

Retro Fit: My Day Of Freedom

Truth, it is said, has a mind of its own, it always finds a way to emerge, breaking all the shackles imposed on it to restrain it. The echoes then are inherent in the question itself as we found out on Thursday. Again proving that life is not binary, it is full of zeroes and ones and so on. The numeric walks and keeps walking, it cannot be fettered or bottled.

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