Editors Column
Trump or no Trump, budding Indian technology talent is bound to find suitors globally. From taxi aggregator Uber Technologies to Google, top notch US companies have not shied away from offering lucrative placements to raw Indian talent that they propose to hone.
A good monsoon and record output of 271.98 million tonnes of foodgrain and oilseeds expected in this crop year, which ends in June, is a milestone in the country’s farming history. From wheat, rice, pulses, coarse cereals to oilseeds, an exponential surge in output across the farm matrix would be music for prime minister Narendra Modi’s ears, faced as he is with an economic slowdown.
Are we heading for a high inflation and high interest rate regime all over again? What does the 13-month high wholesale price Index (WPI) inflation at 5.25 per cent as against 3.39 per cent previous month and (–) 1.07 per cent same month last year mean? The prancing genie is out of the bottle.
A new chapter in the tumultuous history of Dravidian politics is set to unfold after AIADMK general secretary Sasikala was convicted by a two-judge Supreme Court bench in the 21-year-old disproportionate assets case.
It is not very common to see a regulator defining its agenda for a financial year. But in a recently held board meeting, capital and commodity market regulator, the Securities and Exchange Board of India (Sebi), outlined areas on which it plans to focus in 2017-18.
The Indian space establishment is all set to carve out a piece of history for itself. Come Wednesday, the Indian space workhorse, Polar Satellite Launch Vehicle (PSLV C 37), will launch a humOngous 103 satellites in one go, 500 km above the earth.
When Martin Esslin and Albert Camus coined the word ‘theatre of the absurd’ for post-World War II French plays, they would not have possibly foreseen the extreme absurdity in the Indian political theatre, which plays out consistently decades later. That’s exactly what’s happening in icon-obsessed Tamil Nadu where 130 legislators are apparently being held in captivity.
IN what is a replay of events at Bombay House late last year, the slugfest in Infosys between its powerful founders-promoters and the top management team brings to fore corporate governance issues that continue to bog several top-end companies in India.
Billion dollar question: Where is the cash that is sitting idle on balancesheets going to be deployed? How is it being optimised? For, only after deployment will it gain value. Many would argue that that for cash to be accretive, the acquisition route is best. But that comes with its own perils. Blow out dividends is one option and PSUs, for instance, are mandated to do this.
If state-run enterprises and public spending have to take the lead to revive the sluggish investment cycle, then they are expected to take the lead in kick starting jobs as well. With the private sector burdened with heavy debt, a high interest rate cycle having debilitated it in terms of accessing cheaper funds, the onerous onus lies on the PSUs.