Reliance Jio has finally made its launch this month after years of speculations and delays, although it is still declaring itself as under the test phase and its operations as non-commercial. It prob...
There's one sector in India that continues to be gripped by short-sellers: public sector banks (PSBs). As Reserve Bank of India (RB) governor Raghuram Rajan calls out for banks to clear their balance sheets of stressed assets, without offering a firm solution, the market has grabbed that opportunity and has started hugely short-selling state-owned banks. This situation is indicative of the failures of policy-makers and demonstrates regulators' lack of basic minimum foresight.
Intellistudies via Getty Images
The reason I've picked these two critical technologies is because of their unprecedented potential in impacting our future - in mobility and economic activities through markets respectively. However, there's a big difference in these two technologies in terms of regulatory controls. Self-driving cars may have to go through multi-stage regulatory clearance process, whereas ATS has already made large inroads and regulators are now struggling on how to control its potential misuse (though defining this misuse is a challenge in itself).
Unfortunately, various governments have paid little more than lip service to the fact that without quality education, no country can prosper in today's knowledge-driven information economy. In 2009, India came 2nd last among 73 nations in the Organization for Economic Cooperation and Development's (OECD) PISA test that measures the performance of 15 year olds in reading, maths and science. India subsequently pulled out of the PISA tests of 2012 and 2015, as if side-stepping the issue would make it go away.
RAVEENDRAN via Getty Images
In my opinion, there have been two separate issues muddying analyses of Mr. Modi's first year in power. For one, much of the media has misdirected its focus on largely irrelevant issues, while ignoring those that deserve far greater scrutiny. Secondly, the government itself must be assessed on not only its plan for <em>growth</em> but for the steps it is taking towards <em>development</em>.
Hindustan Times via Getty Images
If anchored well, foreign policy can hugely complement India's development agenda - we need huge investments, and much of it has to come from overseas. However, if misaligned, foreign policy may derail the same mandate of development. The challenge is to balance and prioritise correctly, and PM Modi's China visit could well be a turning point.
Political slogans were effective tools for the BJP during the 2014 general election campaign led by now-PM Narendra Modi. But where he was once hailed as the harbinger of acchhe din (good times), today he faces the tag of being a kisaan virodhi or anti-farmer. This is due to India's controversial, contentious and sensitive Land Bill.