Under the brown fog in a winter dawn, everything is cold, bleak and desolate. The Game of Thrones playing out in Bangalore at one of India’s largest tech companies — Infosys — is at one level despicable, at another disturbing and extremely destructive from a shareholder point of view. On Monday, Infosys, bellwether and once darling of the bourses practically fell off the cliff, closing at Rs 870.15, down Rs 53.10 on the NSE. Between Friday and Monday when the latest episode of Star Wars firefight had consumed Vishal Sikka, the wheels had truly come off the bus.
Last year, the Insolvency and Bankruptcy Code, 2016 (IBC) was passed in the Lok Sabha in May. It took almost six months to pass the law after it was introduced in December 2015. IBC that was passed in May 2016 replaced three existing laws on insolvency and bankruptcy.
In the early 1940s, when the idea of Pakistan had been well mooted and in the air, no one quite knew what it stood for. Most certainly, no one had reckoned with what it would entail if Punjab were to be partitioned along with the division of India. Then, neither the Congress, Muslim League or the Sikh Panthic parties in Punjab could have envisaged that in their zeal to mobilise vote banks, they were a few years away from one of the most horrific genocides in history.
Indian markets posted their biggest weekly decline in 18 months as several worries dominated the street, beginning with the escalation of tensions between the United States and North Korea.
The Doklam standoff between India and China along with the crackdown on suspected shell companies by SEBI added to negative sentiments as earnings and macro numbers continued to disappoint.
It is an abomination of epic proportions and nobody gives a damn about it. A living, breathing and vilely smelling testimony of everything that can go wrong with the clarion call of Swachh Bharat Abhiyan campaign. Located in north west Delhi, the Bhalaswa landfill site is spread over 21 acres and was commissioned in 1994. It receives about 2,700 tonnes of garbage per day. Yes, there are hills in the plains. The Bhalaswa landfill is now a mountain of sizeable height and width.
Certain parts of India are occasionally subject to the circulation of rumours. These are often vindictive and violent, resulting in death or mutilation. Either through the use of emotional manipulation or extreme forms of aggression, a vulnerable group is targeted. These may be the elderly, women, uneducated, young people, the extremely poor, or the wealthy.
India has always been a nation where household savings were predicated on a model of thrift. And while household savings are inextricably linked with economic growth, Indian households always preferred to park them in bullion and real estate. Although in recent years this theorem has been tested with the savings rate dropping alarmingly. Savings rate in India declined to 31.6 per cent of GDP in 2015-16 from 32.3 per cent in 2014-15.
Aabpara headquartered ISI’s dreaded and secretive S Wing may have given the recent judicial coup in Pakistan the necessary nudge and wink to topple yet another democratically elected leader. What it does is bring to the political forefront Shahbaz Sharif, chief minister of Punjab and one of the chief patrons of the deadly dangerous Jamaat ud Dawa.
The Modi-Shah combine have shown that they have more feints up their sleeves than those in classical Swiss watch movements. Staggered at the scale of the bloodless coup engineered by Amit Shah and Nitish Kumar in Bihar where an existing Mahagathbandhan was overturned almost overnight with great alacrity, the Opposition could only cry betrayer and back stabber. The reality is that their maladroitness and ineptitude has been found out once again.
As early as 1970, Ontario in Canada has been known as the ‘Province of Opportunity’, with Indians establishing a presence there as early as 1903. With a recent wave of economic and policy reforms, business in Ontario is looking very attractive to India.