The latest but rare face-off between the finance ministry and the Reserve Bank of India (RBI) over the liquidity situation in the economy post the IL&FS fiasco has brought an important but often relegated issue to the forefront of the policy debate – ensuring adequate, timely and reasonably priced credit to the systemically important micro, small and medium enterprises (MSMEs). As of the time of writing this article, the chances of both sides finding a middle ground by climbing down from their respective stands seems to be not remote.
We have set an ambitious goal for ourselves – the goal of providing access to 24x7 power for all in the country. Access to power here represents not only the connectivity to the network but also includes availability of requisite infrastructure across the power sector value chain to ensure supply of quality and reliable power. And we are well on our way to achieve our goal. And the scale of the transition is such as has not been seen anywhere in the world.
The event of two motorcycle-borne youth lobbing a grenade on a Nirankari religious gathering at Rajasansi near Amritsar on November 18 and causing the death of three men and injuries to a score of devotees was a guided act of terrorism and this did not come as a surprise to India's security set-up.
Two political developments have brought the Congress party under deep distress in the last decade. One is the bifurcation of Andhra Pradesh and the other is the eradication of the Communists from West Bengal.
In 2009, the Congress party got 33 seats while in 2004 the party won 29 seats from undivided Andhra Pradesh. But due to the death of YS Rajasekhara Reddy, the politics of the state turned and the victim was the Congress party. The formation of a separate party by YSR’s son and the division of the state had made the Congress party completely irrelevant in Andhra Pradesh.
Under the new cricket dispensation in India, only three selectors were appointed, with one of them being the chairman. The erstwhile five-member zonal system was scrapped by the Justice Lodha Committee. Between the three Indian cricket selectors, they have not played too much international cricket – MSK Prasad (Chairman) played 6 Tests and 17 ODIs, Devang Gandhi played 4 Tests and 3 ODIs and Sarandeep Singh played 3 Tests and 5 ODIs.
Climate Change has meant that the seasons oscillate unnervingly, and as a result, the sun can shine endlessly, and no rain falls. Or it could be vice versa, as we saw in the Kerala floods of monsoon 2018. The calamities that follow are so immense that one can only watch in horror, knowing that there is no solution to this shift in latitude, which comes from the earth’s axis shifting, a natural geological process given the global warming. (www. Karl Kruszelnicki Why is earth’s axis Shifting/Cosmos.)
Today, cyber criminals are increasingly relying on innovation, organisation and sophistication, observes Symantec’s Internet Security Threat Report 2018 even as ‘Internet of Things’(IoT) targeted attacks rose by 600 per cent and mobile malware variants increased by 54 per cent. Despite government and industry racing towards a digital economy, most Indians remain blissfully ill-informed about threats to their personal information and its implications.
In 2016, ‘The Economist’ reported that, “Every second, three more Indians experience the internet for the first time. By 2030, more than 1 billion of them will be online.” Over the past half a decade, India has gained a sizeable and ever-expanding base of digital consumers and users of digital devices. A Google-BCG report from 2017 predicts that digital spending in India is set to reach $100 billion by 2020, tripling from $33 billion in 2016-17.
The roll-out of the Real Estate (Regulation & Development) Act 2016 (RERA) has been lauded as a watershed moment in the realty sector of India. The landmark policy reform is anticipated to change the functional dynamics of residential and commercial real estate transactions in the country.
The Insolvency and Bankruptcy Code (IBC), as it stood before the amendments, allowed any person to submit a resolution plan in respect of a company undergoing the corporate insolvency resolution process (CIRP). In this regard, concerns were raised that persons who had contributed to the defaults of a company were able to regain or gain control of such a company.