Editorial

Editorial

Off to A Flying start

It was a hot summer forenoon of May 1, 2013, when I, as chairman Hindustan Aeronautics (HAL) had a strategic discussion with CEO of Brahmos Aerospace, at his office at Kirby place, New Delhi. During discussions he enquired, whether HAL had technical capability for Brahmos integration on Su-30. He also told that the OEM-Russian Company has offered to do it at a cost of $200 million (Rs 1,300 crore approximately). But he was not sure after spending so much money, if any technology learning benefit would accrue to India.

DISEQUILIBRIUM: Goosey, goosey gander

Men of conscience don’t take stands which are suspect. The decisions then need to stand the test of a microscopic examination for virus and other anti bodies have to be taken with great circumspection and utmost comprehension. Above all, the decision should be able to withstand the test of public scrutiny. For one doesn’t take a blunt knife to surgery, you need a scalpel for precise cuts. In late October, S&P most unexpectedly upgraded Italy’s rating one notch, citing the country’s firming economic recovery on the back of rising private-sector investment and employment.

Of slander & libel

Defamation law exists to protect a person’s reputation, either moral or professional, from unjustified attack. To constitute a defamation, a claim must generally be false and must have been made to someone other than the person defamed. A defamatory statement is a false statement of fact that exposes a person to hatred, ridicule, or contempt, causes him to be shunned, or injures him in his business or trade.

Pave the way, wave to pay

Rapid change in consumer lifestyle and the significant growth in contactless payments over the last decade has resulted in mobile payments gaining momentum owing to its value proposition for customers, merchants as well as banks. According to a report on new m-payments forecast by research firm Ovum, the total global user base for mobile payment will reach 4.77 billion by 2019 from the existing user base of 690 million in 2014.

Now, cut to the chase

The disruption caused by DeMo and GST has hopefully been digested as the process of formalisation of the economy has begun in right earnest. The merging of the black and formal economy and its convergence operation is one of the byproducts of the government’s sustained obsession with black stash. A reaffirmation and vindication of recent government action on reforms by Moody’s has been viewed positively by one and all.

Borders on insanity, indeed

In a first, American Brian Houston and Mexican Evelia Reyes wed on Sunday between the doors of the steel border gate between the US and Mexico that is opened for only an hour or so every year. It was the sixth time that the Door of Hope, as the gate is called, has opened since 2013, allowing people from the US And Mexico who cannot legally cross the border to visit without fear of deportation. At other times, families can talk but not touch through the steel fencing. “It’s a statement that love has no borders,” Houston said.

Every husk counts

There is considerable debate going on at present among states, political parties and professionals about the methods of avoiding the burning of stubble. It is also attracting attention at the legal level. In order to help farmers move away from this practice which is caused by the need to prepare the rice field for sowing wheat on time, it is necessary to create an economic state. Market driven alternatives should be demonstrated. There is no policy so far for bio-mass utilisation.

Happy, App(y) farming

Technology has permeated every aspect of our lives today. On the economic front, technology is a great enabler and is instrumental in enhancing efficiency and productivity across sectors. The agriculture industry is one major beneficiary of technological interventions, from genetic engineering to mechanised farm equipment and transportation to scientific storage of agricultural products, technology plays an important role in the sector.

How forgiveness transformed a murderer

the life of a Catholic nun, who was stabbed to death 22 years ago in Madhya Pradesh and now beautified on November 4 by Pope Francis, is a saga of both holiness and inspiration. Sister Rani Maria Vattalil, who was killed in a knife attack on February 25, 1995, while travelling on a bus near the city of Indore, inspired thousands when her family forgave the murderer Samunder Singh. In fact, the family of Sr Rani from Kerala, visited Singh in prison and they were responsible for his early release as well.

Capital Markets post demo

Last year, Narendra Modi came on national television and announced that at the stroke of midnight, 500 and 1,000 rupee notes would no longer be legal tender. These notes constituted 86 per cent of the total currency in circulation. This announcement was by far one of the boldest economic decisions taken in recent years. The rationale for this unexpected decision was to remove counterfeit currency notes from the system, end the parallel black market economy, and digitise the Indian economy.

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