The CBI special court verdict on the multi-crore 2G spectrum scam may not be the last word. Judge OP Saini, one of the finest judicial officers, has gone by the material evidence put forth by the investigating agencies.
Efficient treasury management and investing liquid funds suitably to maximise returns are key to the success of an enterprise whether in the public or private sector domain. Keeping liquid funds idle is an unacceptably poor choice as a business decision unless they are set aside for a specific purpose.
A pared down vote bank on home turf should not inhibit Prime Minister Narendra Modi from focussing on economic reforms that have been hallmark of his government. Modi and finance minister Arun Jaitley have earlier justified the short-term pain of demonetisation and GST roll out as being necessary for long-term gain.
Bharatiya Janata Party (BJP) leadership should be thanking its stars and its star campaigner prime minister Narendra Modi. The party will form its sixth government in Gujarat though with a wafer-thin majority. It has also snatched power from Congress in Himachal Pradesh with comfortable numbers.
Challenges galore for new Congress president Rahul Gandhi. It comes at a crucial time for it signals a generational shift after Sonia Gandhi held the party together for 19 long years, 10 of those in power as UPA chairperson.
The start of the winter session of Parliament should provide the occasion for sagacity and decorum to return to politics. The political acrimony that marked the 49-day long campaigning for the Gujarat polls must not be carried into Parliament. If Friday’s proceedings are any indication, the current session could mirror the deepening schism between ruling BJP-led NDA and Congress-led UPA.
Allowing as many high net-worth individuals and companies as possible to freely bid for stressed assets will prove to be beneficial in cleaning up non-performing assets (NPAs) of banks. The amended Insolvency and Bankruptcy Code (IBC)-related Ordinance promulgated by president Ram Nath Kovind would come up before Parliament in the Winter Session of Parliament.
Ignoring the politics, drama and electoral hoopla behind the seaplane that carried prime minister Narendra Modi to Dharoi dam, 180km away from Sabarmati riverfront, may be difficult. But Modi seems to have conveyed to staunch opponents in Congress that he’s not bereft of ideas for Gujarat by hopping on the US-made single engine seaplane.
Donald Trump administration has no business in subverting the World Trade Organization’s (WTO) Doha development agenda. Having withdrawn from International Solar Alliance (ISA) and Trans Pacific Partnership (TPP), Republican administration in the US seems to be making a case to pull out of the WTO.
After a couple of months of quiet time, the merchant discount rate (MDR) controversy is back to making headlines. This time it is RBI that has jumped into the fray by defining merchant discount rate. Instead of having rates based on value of transactions, RBI has decided to slot merchants into different categories and based on their previous year turnover they would be charged MDR.