A glance back at some of the important ups and down Indian Inc faced in 2018.
The Narendra Modi-led government has issued around 50 fresh guidelines easing conditions for industry in about six months, beside launching an online system for applying environment clearances.
Prime Minister Tony Abbott on Tuesday led a shocked nation in mourning the death of 2 Australians who lost their lives at the cafe siege in Sydney that ended with the killing of lone Iranian-born ISIS sympathiser who took 17 people hostages, including 2 Indians.
Thirty Members of the Karnataka Legislative Assembly are headed to South America to 'study' the waterfalls in the Amazon forests.
Chief Economic Advisor Arvind Subramanian's interview.
The stormy monsoon session of Parliament came to an end on Thursday, becoming a virtual washout and delaying legislations which could not be passed because of continuous acrimony.
The remark by Agrawal was expunged by the chair even as it came for a strong condemnation from the BJP.
Boosted by handsome royalty from oil facilities at Barmer, the Rajasthan government has spent nearly Rs 30,000 crore on various social welfare schemes in the last four-and-a-half years. Chief Minister Ashok Gehlot tells Business Standard's Mayank Mishra that the state's better performance on various socio-economic indices is a result of that. The excerpts:
Parekh said divestment can unlock huge funds.
Stepping up the attack on the ruling AAP over the 2015 Delhi Janlokpal Bill, ousted party leader Prashant Bhushan on Sunday said that the proposed legislation is "completely" different from its previous 2014 version.
'She has to get the funds, cut through bureaucratic flab, speed up modernisation, ensure planned acquisitions stick to timelines, make organisational changes and ensure the military is capable of performing the task that it is given,' says Brigadier S K Chatterjee (retd).
'Nobody knows what they teach in madrasas.' 'If we do not adapt to the ways of the modern world, how will we progress as a community?' 'How will these children compete in the modern world?'
Compared to their Indian peers, MNCs have higher return ratios.
While the CEO of a public sector bank earns an average of Rs 18 lakh per annum, his counterpart in the private sector earns an average of Rs 3.5 crore.
'The BCCI is one of the best administrative bodies in the world.' 'In a democratic set-up there will always be a power struggle, that is part of every society or every association, but it does not mean we have done something bad.' 'We have done everything possible we could for the game.'
The chief minister dug out appointments of parliamentary secretaries by the Congress and the BJP governments in the national capital in the past and said many of them including Ajay Maken, who had held the post, even had his own staff and access to important official files.
Despite all the controversies, the IPL's brand value hasn't diminished. Instead, says Harish Kotian/Rediff.com, the IPL made the BCCI richer by over Rs 3 billion!
'Four years into his tenure and Modi still has no idea what is wrong with the agriculture sector!'
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
'Let me talk about young Indian startups with their hearts in the right place and how they are proving that innovations that represent 'affordable excellence' -- breaking the myth that 'affordability' and 'excellence' cannot go together -- is indeed possible!' says Dr R A Mashelkar, the eminent scientist, in this fascinating feature.
The government has provided a long-term vision.
'The Reserve Bank's independence has remained a work in progress, an enduring challenge that the nation has been grappling with on an ongoing basis,' says RBI Deputy Governor Dr Viral Acharya.
World Bank's Doing Business Indicators ranks India (out of 189) at 132 for trading across borders.
Public Money, Private Agenda -- The Use and Abuse of MPLADS by A Surya Prakash provides a comprehensive look at the Members of Parliament Local Area Development Scheme, which was launched 20 years ago in 1993. Excerpts from the book.
'I have tried to make it easier for the small scale entrepreneur to do business and cut through the red tape.'
State after state has imposed an alcohol ban, and has had to retreat, unable to address the financial and administrative fallout. Are we set for more of this cycle, asks Aditi Phadnis.
'As they grow bigger, the trail of their pioneering success often leaves behind a causticity marked by deficient human resource practices, negligible focus on corporate governance and rife sexism.'
Off the field the Board of Control for Cricket in India looks set for a complete overhaul with Supreme Court's stinging observations tightening the noose around the mandarins of the richest sports body.
Eleven years on, while 80% of scam-hit investors have been fully compensated, more than 50% of the sum is yet to be distributed.
Bank licencing has been a "once in a decade" affair and so it could well be that we don't face this process anytime soon.
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