Editors Column
Market watchdog, Securities and Exchange Board of India (Sebi) has rightly moved to tighten the screws on offshore derivative instruments (ODIs) used purely to manipulate select stock prices and profiteer through speculative trades.
Finance minister Arun Jaitley recently hinted that the government was open to selling its stake in perennially loss making national carrier, Air India. This is not the first time that partial divestment or complete sale of Air India has been suggested.
Forging a national consensus on the presidential candidate should be the best option for both ruling National Democratic Alliance (NDA) led by prime minister Narendra Modi and the 17-party opposition front-ended by Sonia Gandhi.
Is demographic dividend going to be a nightmare for India? For sometime now, we have been hearing of how India is first among equals in a world, which is consistently getting older. But India has to brace up for a new reality, readying to flaunt the tag of being the most populated country displacing China.
After three years in office, prime minister Narendra Modi’s performance and acceptability ratings continue to be high even as the ruling BJP-led National Democratic Alliance (NDA) occupies the prima donna position as the largest political formation.
Collaborative pursuit of Asia–Africa growth corridor in partnership with Japan is significant in more ways than one. For one, China’s exclusion in this initiative is a message loud and clear given that president Xi Jinping has been pursuing his own dream project, One Belt One Road staking billions of dollars and his own reputation.
Zero tolerance against corruption must be the message that goes down the line with the CBI special court sentencing three top civil servants to two year jail terms in the coal scam perpetrated during the decade long UPA regime.
As reported by this paper in its Monday edition, government is unlikely to play any role in resolution of issues between banks and borrowers. It would be left to the banks to negotiate with the borrower and reach a solution on repayments of loan and haircut which banks will be taking on their existing exposure to a company.
The message is unambiguous and straight. Resist the temptation of profiteering or face action is the diktat from the Narendra Modi government. Both finance minister Arun Jaitley and revenue secretary Hashmukh Adhia minced no words on taking on profiteers after having finalised the four-band GST rates for both goods and services.
It’s a good beginning. The nationwide consensus on goods and services tax (GST) rates across 1,211 product lines and services in four tariff bands, are the first steps towards achieving, ‘one nation, one market and one tax’.