Outfits related to labour and agriculture critical of policies, say their voices are not being heard. Archis Mohan reports.
'Nehru once told JRD, "I hate the mention of the very word profit".' '"Jawaharlal, I am talking about the need of the public sector making a profit!" JRD replied.' 'Nehru reiterated, "Never talk to me about the word profit, it is a dirty word".' A fascinating excerpt from Shashank Shah's The Tata Group: From Torchbearers To Trailblazers.
Nirmala Sitharaman has a God given opportunity to orchestrate a transformation in India's defence capabilities. One hopes she has her own counsel and does not overly let the PMO run her ship, says Group Captain Murli Menon (retd).
Ajit Balakrishnan reflects on pariahs, small businesses, and blockchains.
Dana Majhi's walk home is a shrivelling indictment of our humanity and of our priorities.
And the reason has everything to do with box office collections, says Vanita Kohli-Khandekar.
As global markets near all-time highs driven by liquidity, Marc Faber suggests most asset prices worldwide are inflated.
The scam has offered Lalu Prasad an opportunity to point fingers at Nitish Kumar and Sushil Kumar Modi.
The coming elections seem a tough battleground for the BJP in the wake of anti-incumbency, Patidar and Dalit agitations and implementation of the GST.
'Under Justice Gogoi's tenure, the Supreme Court has gone from an institution that was at least formally committed to the protection of individual rights as its primary task, to an institution that speaks the language of the executive, and has become indistinguishable from the executive,' warns Gautam Bhatia.
'A month after assuming charge, Parrikar promised a policy within six months to "end or at least reduce" terrorist infiltration across the Line of Control.' 'However, infiltration continued apace, leading to high-profile terrorist attacks in Gurdaspur, Pathankot, and Uri.' 'During this phase, he made the controversial suggestion that India should fight terror with terror, hinting at supporting terror groups to strike in Pakistan,' observes Ajai Shukla.
'India missed the software products revolution (and now is in danger of missing the platform revolution), complacent that we are the software experts of the world based on IT services prowess,' points out Rajeev Srinivasan.
'What is the ISI doing and why can't they understand for their own interest that bringing stability to the region will help all the countries become prosperous, whereas a continuation of incitement will only lead to misery for all.'
The PNB fiasco falls into a family line that involves non-fund limits - read contingent liabilities which are off-books. Harshad Mehta did it with bankers' receipts in 1992. Ketan Parekh exploited the ignorance of bankers who did not know the difference between a cheque and a pay-order. And the RBI blinked when it failed to insist the SWIFT platform be linked to the core banking solution. Raghu Mohan & Abhijit Lele trace the banking mess that was just waiting to happen.
'Any Muslim who shows even the slightest hint of revolutionary thought is marked as 'infected'.' 'At that point, he is taken to the nearest Detention Centre where a procedure called Reconditioning awaits him.' 'Areas with a high Muslim population have been designated as Scheduled Religion Zones.' 'To be an active participant in this social cleansing ritual, there is only one prerequisite: You have to be an undying patriot whose friend and family is his country.'
'Someone is needed to restore India back to Indians. So you decided you won't vote for Modi. But then, who will you vote for? List your leaders from the north to south and east to west, and ask your heart and mind, will any one of them be able to deliver and bring back India from the darkness it has fallen into?' asks Rajya Sabha MP Tarun Vijay.
The Ambani brothers, Mukesh and Anil, came together on Thursday to raise the issue of stalled projects plaguing India Inc and implored the Maharashtra government and the Centre to make Mumbai, India's financial capital, an easier place for business and investments. "Several projects are stuck for many years in Mumbai and we would like to know how the government intends to improve the financing and execution of projects, including those relating to infrastructure and education which have been in limbo for long and are affecting the growth of the city," Reliance Industries Ltd (RIL) Chairman Mukesh Ambani told Finance Minister Arun Jaitley. Seated on the same table was his brother, apart from Tata Group Chairman Cyrus Mistry and State Bank of India (SBI) Chairman Arundhati Bhattacharya. Jaitley was addressing the Mumbai Next MMR Transformation conclave, organised by the Maharashtra government and Mumbai First here, through video conference. In his reply, Jaitley said the government was exploring several options of infrastructure financing in India and that a number of international bodies were ready to fund infrastructure development projects. He added the government was keenly considering these funding sources. While praising Maharashtra Chief Minister Devendra Fadnavis for honesty, Jaitley also had a word of advice. Apart from being honest, the government had to be decisive, he said. On his part, Reliance Group Chairman Anil Ambani told the chief minister about his experience of decisions being delayed due to an indecisive bureaucracy and the need to protect officials who wanted to take quick decisions. "Through the past many years, we have faced a number of obstacles in decision-making," he said, adding he was speaking as someone who had lived and invested in Mumbai. Fadnavis responded by saying he would bring about a transparent process to ring-fence officials. Both the Ambani brothers have announced a number of infrastructure projects in and around Mumbai, including a world-class convention centre in Bandra Kurla Complex by RIL, but very few have actually fructified. RIL's special economic zone project failed to take off due to land acquisition problems in Raigarh, while a second SEZ near Mumbai is stuck due to lack of clarity in SEZ norms. The first phase of the Mumbai Metro, set up by Anil Ambani's Reliance Infrastructure, was marred by cost overruns and run-ins with the government over fares. Subsequently, the company withdrew from the second and larger phase, citing inordinate delay. Anil Ambani also withdrew from Mumbai's sea link project on the same grounds. The brothers had also bid for a trans-harbour sea link between Navi Mumbai and Mumbai under the Congress-Nationalist Congress Party government, but their bid was rejected. Reliance Infrastructure is also the power supplier to more than half of this city. Participating in the conclave, some of India Inc's leading bankers said making Mumbai a financial hub would take at least a decade. SBI's Bhattacharya said the Indian currency should be made fully convertible and facilities should be created for it. "However, for this, the economy needs to look up and that will happen only in the next 7-10 years, not immediately," she added. Sunil Kaushal, Chief Executive Officer of Standard Chartered, India, pitched for strong infrastructure to support development. "We will take a long time to develop into a global financial centre. We need to solve transport bottlenecks in Mumbai and have lifestyle facilities for people working in and around these areas," he said.
The BJP's defeat in Delhi could turn into a larger national swing, but Prime Minister Modi and his party have enough time to tweak the party's policy agenda and project a more humble, secular, and inclusive image, say Ravi Agrawal and Harmeet Shah Singh
'Whoever whispered in his ears that go for demonetisation, misled him completely' and the PM lacked the sagacity to know that it would not work, Yashwant Sinha tells Archis Mohan.
Mohammad Sajjad salutes the memory of Mushirul Hasan -- historian, thinker, academic, institution builder, -- who passed into the ages this week.
Not only is your privacy stripped stark naked, says Mitali Saran, the system itself is illegal and vulnerable.
'Alas, the Congress party offers no suggestions as to how to unscramble the omlette it cooked during 2004-2014 on which the Modi government may have since lavishly spread some tomato ketchup,' says Ambassador M K Bhadrakumar.
The idea of modernising railway stations under a PPP arrangement was aired several years ago by the then railway minister, Lalu Prasad, who visualised attracting Rs 15,000 crore (Rs 150 billion) investment in 22 stations.
Karan Choudhury asks Uber India president Amit Jain what the company's global problems mean for its India operations.
Trump's foreign policy juggernaut has shelved the 'Deep State' and 'Axis of Evil'. But where is India?
Prabhat Kumar, who has been appointed as the DGCA chief three months ago, is taking steps to ensure safety of passengers.
Naresh Chandra -- distinguished civil servant and diplomat -- passed into the ages on Sunday, July 9. Ambassador T P Sreenivasan salutes a patriot like none other.<
'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).
'We rarely choose to fight when the threat is still a nascent threat. When we do fight, we fight when the invaders reach Panipat and are preparing to knock on the gates of Delhi.'
B S Raghavan, a Chennai-based retired bureaucrat, lists here ten things that the Narendra Modi government is doing wrong.
'If you see the behaviour of the BJP with their allies, they stay with the allies for some time and then take command of the government.'
Rahul Gandhi has the potential to grow into a good, effective, leader of the Opposition provided he puts his heart and soul into it, with a willingness to learn, says B S Raghavan, the distinguished civil servant who worked closely with India's first three prime ministers.
'Oddly enough, everything Raazi cannot explain or put a finger on, it glosses over in the name of patriotism or watan-love; glorifying thereby the very sentiment it had set out to mock.' 'This is the unique tragedy of the film: it becomes less of a counterpoint to pseudo-patriotism and more of a companion piece,' says Sreehari Nair.
The government has made it much harder for tycoons to get special dispensations from Delhi
'Islamabad is only as big as a Delhi suburb.' 'How can a city with just two five star hotels and only one departure gate at their international airport be compared to Delhi with its sprawling airport?' Ambassador T P Sreenivasan finds the pulse of Pakistan after visiting Islamabad for the first time.
Former Indian Army chief General V K Singh on Saturday joined the Bharatiya Janata Party and claimed that it was the only "nationalist" party in India.
'Our prime minister has set a scorching pace. He's logged more airline miles than professional airline pilots... On his regular visits to Delhi, he has also signed files galore.' 'How much of this activity has translated into useful action on the ground,' asks Devangshu Datta.
Denmark topped the list of the 144 nations.
Amazon's investors are counting on its international business and expansion to help drive growth and support its $165 billion market value, one of the highest among US firms.
