Rs may touch 72-74, cool to 70

The Indian ru­pee has depreciated to 72 per dollar and the Reserve Bank of India (RBI) is kind of holding on here. Indian 10-year bond yield has reached 8.10 per cent, signifying a possible rate hike in coming months. Question is what next for the dollar-ru­pee tango. Lets look at prim­ary factors that are at play for the dollar/rupee movement.

Data is new power, money

Data is the new oil, but the truth is, it’s crude, unrefined and though available in plenty it is hard to find. Data is only valuable once it has been processed. Data powers the information economy in the same way that oil fuelled the industrial economy. Data promises a plethora of new uses – expansion of business in the required direction, diagnosis of diseases, traffic patterns, etc. Mega-trends such as big data, smart cities, internet of things (IoT) and rapid development of mobile technologies are driving the utilisation of personal data.

Tech & Indian lifestyle

You wake up; gr­o­ggily pick up yo­ur phone and swipe through countless em­ai­ls, calls and app notifications. You get out of bed, get ready for work and with a few quick swipes on your screen, a cab arrives at your doorstep. While you are at work, a few more screen swipes and a vacuum cleaner cleans your home before you get back. Get home, and there’s no need to cook because your trusty phone can also have food delivered right to your doorstep.

India’s option vs Maldives

The diplomatic tug of war in the Maldives se­ems to be going in favour of China as it looks to have gained a stronghold on President Abdulla Yameen Abdul Gayoom thr­ough the ‘debt trap diplomacy’, with the inauguration of Beijing-funded Sinamale Br­i­dge, which India chose to boycott. It is a flagship Chin­e­se infrastructure project li­n­king capital Male with the airport island. Also known as the China-Maldives Frien­d­s­h­ip Bridge, it has been bu­ilt wi­­th a $72 million loan besi­d­es $116 million grant by China.

Cut & Thrust: Malik mystique in Kashmir

Most people are curious as to why Satya Pal Malik has been sent to J&K as governor at this crucial time. The general reaction being Malik, who? Instead of a bureaucrat or a retired general, which has been the norm, why a career politician this time? When you lift the hood and inspect the power train, you realise there is a method to this decision.

Fade to black.

Tackling corruption in govt

In emerging econo­m­i­es like India, the mo­st crucial factor in pe­ople’s lives is inco­m­es they have and qu­ality of infrastructure, healthcare and education support provided by the state. While we are the third largest economy in PPP ter­ms, our per capita income is extremely low. We are categ­o­rised as a low-middle inco­me country by the World Ba­nk. Huge poverty and extens­ive malnutrition exists in our country. We need to grow at a sustained level of 8 per ce­nt plus for next 2 decades to get a respectable middle-income level.

MSMEs: Now Take A Fresh Guard

At recent functions to celebrate quarter century of the National Stock Exchange (NSE), some focus revolved around how the Indian government and the Reserve Bank of India (RBI) have been working overtime to empower MSMEs (micro, small and medium enterprises). Will it work and trigger a new regime of growth across the country, asked many?

Their worries were understandable.

Traditional retail models are dying, gradually

Not so long ago, maybe less than half a decade, a retail model was the norm. Retailers would select the look and the ranges they wanted to offer to cust­o­mer that season or that year, make them available locally, and price th­em competitively against other stor­es in the area to get sa­les. One can’t imagine today that their choice was limited by the availa­bility of competing products and services within the same local market. The last bastion of the older mo­del, the 50-75 year olds are gradually either changing buying habits, becoming digitally savvy or, passing into eternity.

A 19th Century Colonial Dam

When it is summ­er in other pa­rts of the co­untry, people descend on Kerala, because the rains are due, and the pre-monsoon drizzles are gentle.

Beyond the flood fury

The unprecedented floods and rains in Kerala emphasise the need for proactive preparation to meet such calamities. I had recommended in Sardar Patel Lectures of All India Radio in 1973 that we should have a drought code and a flood code ready so that we can minimise the adverse impact of deficit or excess of rainfall. The Kuttanad package presented to the government of Kerala also provides some guidelines for flood avoidance or management.