Business/Economy
Open class ware for IIMs - V Raghunathan, Economic Times
MIT gave a fillip to the Open Course Ware (OCW) movement in 2001, when they placed nearly all their undergraduate and graduate courses, including many audio-video lectures, free online. "Unlocking Knowledge, Empowering Minds," the legend on MIT's homepage underscores the objective of the movement. Today MIT's OCW includes nearly 2,000 courses, accessed by over 35 million users worldwide; 60% from outside the USA.
Export surplus wheat now! - Tejinder Narang, Economic Times
The problem of plenty in India's wheat stocks needs to be addressed urgently through export of 'additional' 10 million tonnes (mt), as recommended by CACP to the finance minister recently. But the government has taken some uncalled-for decisions . Firstly, it should not have hiked wheat's MSP due to the humungous inventory it is carrying.
Fiat’s Pune plant to become export hub - Roudra Bhattacharya, Financial Express
Adopting the export strategy of rivals Hyundai, Maruti Suzuki and Nissan-Renault, Italy’s top automaker Fiat is planning to make its Ranjangaon plant near Pune a global hub to build cars for the UK, Japan and Australia. The move will give Fiat economies of scale at a time of flagging domestic volumes.
PMO steps in to end NHAI-MoEF face-off over forest clearance - Mihir Mishra & Anubhuti Vishnoi, Indian Express
Stepping in to resolve the row between the National Highways Authority of India and the Ministry of Environment and Forests (MoEF) over forest clearance to linear projects, the Prime Minister’s Office Tuesday worked out a formula to end the embarrassing stand-off between two arms of the central government.
Ending state ownership of media - Vanita Kohli-Khandekar, Business Standard
Last month the Telecom Regulatory Authority of India, or Trai, finally set the cat among the pigeons. It recommended for the second time in four years that state or central governments or their joint ventures with any other body should not be allowed into the business of broadcasting or distribution of television channels. And if such entities already exist in the business, they should be provided with an exit. It also recommended that the arm’s length relationship between Prasar Bharati, which runs Doordarshan (DD) and All India Radio (AIR)...
Why India needs corporate bonds - Andy Mukherjee, Business Standard
India is crying out for corporate bonds. The country’s bank-dominated financial system is not well suited to fund the $1 trillion infrastructure investment targeted by the government under its current Five-Year Plan. Corporate bonds could be a helpful alternative, but the authorities are stifling the development of a genuine debt market.
GAAR deferred by 2 yrs - Business Standard
In a breather to foreign investors, especially those coming via Mauritius, the government on Monday deferred the controversial General Anti-Avoidance Rules (GAAR) by two years, making the norms effective from the 2016-17 assessment year. The Parthasarathi Shome committee had recommended that GAAR be pushed three years further. All other major recommendations of the panel were accepted, with some deviations.
Banking on reform - Rudra Sensarma, Indian Express
When it comes to economic policy, it is better to be safe than sorry because decisions once taken cannot be reversed easily. This is true of the Banking Laws (Amendment) Bill, 2012, which was passed by Parliament on December 20. The amendments to the existing laws will be followed up by the RBI through suitable policies. The reforms will not transform the landscape of banking in India, or fully open up the sector to foreigners and industrial houses, though it will admit a few of the serious ones from among them.
Madhya Pradesh is India's new grain bowl as food production jumps by 19% - Kumar Rakesh, Mail Today
Madhya Pradesh is making giant strides to emerge as one of India's fastest developing states, and its achievement has been particularly noteworthy in the agriculture sector. This year, the state has even surpassed India's "grain bowl" Punjab by taking its food-grain production up by 19 per cent, the biggest jump of any Indian state.
Rate cut hopes now high as inflation hits a three-year low - Economic Times
NEW DELHI: Headline inflation dropped to its lowest in three years in December, reinforcing expectations that the Reserve Bank of India will cut rates at its policy review on January 29 to boost the economy, which is headed for its worst showing in a decade. The inflation numbers are the latest piece of data providing backing to those, notably the finance ministry, calling for a cut in interest rates after a fall in industrial output in November reported on Friday. Exports too shrank in December, indicating that the Asia's third-largest economy was close to stalling.
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