Editors Column

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.

There was jubilation in the ranks of an embattled opposition, courtesy a nine-member Supreme Court bench decision, which ruled that right to privacy is a fundamental right for Indian citizens. The Constitution bench in an historic judgment, restricted collection of personal data, its usage and dissemination setting aside its own earlier verdicts of 1954 and 1962.

The Supreme Court decision to allow consumers of e-commerce companies to file legal complaints in their own city, rather than going to a city where the seller is located or registered is a welcome move. This decision by Supreme Court will go a long way in protecting the rights of consumers who had been taken for a ride for many years by both large companies and their re-sellers.

Bringing about transparency in fund flow from corporates to political parties is the biggest challenge for all stakeholders in Indian democracy. While we have been very exuberant about India’s journey over the last 70 years post-Independence, India’s political system continues to reek of opacity and the parties are unwilling to subject themselves to public scrutiny.

It doesn't say much for the best practices and corporate governance standards in bellwether - Infosys - that the founders who are also minority investors can bring a CEO down. Equally, the powerful founders led by N.R.

Yet another major fraud in our stock markets has come to the fore as a major chunk of 1.1 million duplicate Pan cards deactivated by income tax department belonged to market players.

Faster deceleration in economic growth is staring in the face for the Narendra Modi government. Finance minister Arun Jaitley needs to brace up to report around seven per cent growth for this financial year.

These are the possibilities and concerns flagged by the economic survey’s second volume presented by him to the Parliament on Friday, the last day of monsoon session.