Editors Column

The move to increase the total amount used in deciding how many shares are included in one tradeable contract of  stock futures and options from existing Rs 5 lakh to Rs 10 lakh by the capital market regulator, securities and exchange board of India (Sebi), is a step in the right direction.

Elected representatives of people cannot hold offices of profit. This principle, settled in law, has been upheld in several states. In over half a dozen states, the judiciary has set aside similar steps taken by incumbent governments. In effect, the judiciary has indicated that it has zero tolerance in such matters.

The segregation of taxation policy from the annual budget exercise must be achieved across investor classes, products and services categories. With the GST rollout last July and periodic tweaking of rates on products and services, the Union budget will limit itself to changes in direct taxes only.

Eight years is quite a long time in the hydrocarbons business and India had stayed away from striking any new deals in exploration and development after 2010. That hesitation seems to have been discarded and the NDA government has put in place a more flexible and open exploration policy.

War on corruption will have to extend far and wide given the innovations that fraudsters make to evade and dodge taxation sleuths. The recent raids that resulted in over Rs 85 crore being ferreted out by the income tax department from private vaults is a grim reminder of the misdeeds of greedy businessmen who break the law with a vengeance for personal gain.

As reported by this paper on Tuesday, the government is considering bringing a comprehensive universal health insurance scheme that will cover vulnerable sections of society and workers from the unorganised sector. The premium would be subsidised by the government depending on the income of the individual concerned.

Time is ripe for the finance minister Arun Jaitley to wind down the steep increase in excise duties on diesel and petrol and pare the spurt in crude prices globally. Financial Chronicle in its January 15 edition reported the possible slash of the excise duty, a likely Rs 2 per litre, that is being considered by the finance ministry on both diesel and petrol.

The Biggest crisis post independence hit the Supreme Court like a tornado last Friday with four senior most judges of Supreme Court breaking ranks with Chief Justice of India. Not only have they differed with the Chief Justice Dipak Misra, but they have also raised several questions that have no easy answers.

Time is ripe for the finance minister Arun Jaitley to wind down the steep increase in excise duties on diesel and petrol and pare the spurt in crude prices globally. Financial Chronicle in its January 15 edition reported the possible slash of the excise duty, a likely Rs 2 per litre, that is being considered by the finance ministry on both diesel and petrol.

The Indian Railways will have to be allowed the flexibility to exploit their full potential for expansion and for moving up the value chain. While high-speed rail networks and bullet trains are dream projects to shake up the system, real reforms will have to happen with the support infrastructure that is virtually reeking and moribund.

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