The decision by capital market regulator, Securities and Exchange Board of India (Sebi), to suspend trading of stocks of 331 companies is being keenly watched. While the regulator is duty bound to weed out bad companies from the capital market’s eco system, any action needs two careful considerations. First, all actions should be able to stand judicial scrutiny.
India’s foreign exchange reserves crossing $400 billion mark may be symbolic for many, but for traditional economists, it depicts the strength and resilience of a country’s economy and its currency.
Does India need a bullet train between Ahmedabad and Mumbai with a massive investment of Rs 110,000 crore? A raging debate seems to have consumed the nation after Japanese prime minister Shinzo Abe and his Indian counterpart Narendra Modi laid the foundation stone of this ambitious project at the Sabarmati Ashram in Gujarat.
Reforms and economic restructuring are not anti-people. India has to open up further as it integrates with the rest of the globe, its level of engagement all pervasive.
Has Congress vice president Rahul Gandhi frittered away a big opportunity to present himself as the alternative to Narendra Modi?
Two valid issues seem to be confronting the huge buybacks that investors have taken a fancy to as companies opt for this route as the preferred way of utilising their huge unutilised cash reserves.
Demonetisation, the signature project of prime minister Narendra Modi has come a cropper. Much-trumpeted demonetisation of high value currency in last November has not yielded any black money, given that over 99 per cent of old notes have been deposited in the banks. Every other spin being given to the exercise is nothing but semantics.
Finance Minister Arun Jaitley and the Goods and Services Tax Council deserve a pat on the back for leading a smooth transition to the new single tax regime that’s undoubtedly business-friendly, positive for consumers and genuine enterprises.
Even if the truce at the Doklam tri-junction is tentative and temporary, the end in the 75-day stand off between Indian and Chinese troops is welcome. Without firing a single bullet, restoration of status quo ante goes a long way in normalising relations between the two nuclear powered neighbours. In such contretemps, there are no losers or winners.
Manohar Lal Khattar, Haryana chief minister will have to go. His government cannot escape responsibility for serious lapses in reining in the goons of Dera Sacha Sauda after its chief Gurmeet Ram Rahim Singh was convicted of raping two women saadhvis at his ashram in Sirsa.