Even if finance minister Arun Jaitley has made up his mind to pump the economy with a clutch of measures, he enjoys very little head room for additional spend of about $7.7 billion or Rs 50,000 crore that’s reportedly the size of the stimulus package.
Telecom regulator, Trai decision to slash the interconnect usage charges (IUC) by 57 per cent to six paise per minute on all mobile calls is a welcome move as it benefits millions of consumers. India’s sunrise sector has also proved to most litigious and once again the newbie is going to face a legal challenge from the incumbents.
De-carbonisation of Indian roads is set to trigger a big churn in the automobile industry, which is diversified and entrenched with the presence of Motown majors. But now, it is set for an overhaul.
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.