Business/Economy
India takes another step towards having its own navigation system - Binoy Valsan, Times of India
When Pakistani troops moved to Kargil in 1999, India's urgent request for some vital information through the US-controlled Global Positioning System was denied. India then decided to have its own navigation satellite system that would provide accurate information on terrestrial, aerial and marine navigation. 
New team to steer economy - Varghese K George, Hindu
With the appointment of former IMF economist Arvind Subramanian as the Chief Economic Adviser and Rajasthan cadre IAS officer Rajiv Mehrishi as the finance secretary, the Narendra Modi government has brought in a new team to steer the economy, five months after it came to power.
Leveraging the Internet of Things - S Ramadorai, Financial Express
Hectic travel schedules are the bane of every business leader. Days and weeks on end being away from home base make long distance management a challenging affair. That might all be set for change in the near future given the growing pervasiveness of the ‘Internet of Things’. Imagine this. When you are travelling, the refrigerator in your house senses the low provisions based on a pre-programmed list of essentials and automates an order generation to the grocery store. The store acknowledges the order on your mobile and schedules a pick-up time. The invoice amount is cleared from your bank with a click on your mobile app. This is not a movie fantasy but could be a reality very soon!
Forging a profound friendship - Ed Fast, Mint
The rapidly changing global economy provides an excellent opportunity for Canada and India to capitalize on our growing bilateral trade relations and our strong people-to-people ties. We can leverage these changes to stimulate economic growth and job creation. Our countries may be geographically distant but we share important values. Together, we recognize the importance of free trade, open markets, democracy and good governance for more resilient growth and prosperity.
FDI retail: Peel the tape off the carpet - William Bissell, Economic Times
Over the last four years, one of the key factors damaging India’s reputation as a business-friendly investment destination has been its FDI policy on retail. It is so complicated, so restrictive and so convoluted that even specialists have trouble deciphering the intent and spirit of the various notifications, laws and rules governing the policy. What happens with the FDI retail policy under the new government will have more impact on inflation, investment and the welfare of rural India than any other single policy. This policy, if crafted well, could achieve five critical goals for India.
Global investors, pravasis coming, Gujarat govt ready to raise a toast - Hiral Devrajbhai Dave & Lakshmi Ajay, Indian Express
The Gujarat government is going all out to promote the state as “tourist friendly”, especially with delegates from over 125 countries expected to gather in Gandhinagar for two major international events in January next year — the Pravasi Bhartiya Divas and Vibrant Gujarat Global Investors Summit 2015. So much so, that it is getting ready to roll out an online facility that will make purchase of liquor much more simpler than ever before. 
Independent regulators are taking large steps - Indian Express
On October 10, the Securities and Exchange Board of India (Sebi) passed an order against DLF and six of its key officers (chairperson, directors and CFO), preventing them from accessing the securities market or dealing in securities for three years. This follows another major action by Sebi against the Sahara group of companies and its chairperson which is now being heard by the Supreme Court.
Challenges of non-performing assets - C Krishnan, Pioneer
The unacceptably high level of non-performing assets in the banks in India, especially the public sector banks, is a matter of great concern, since it has far-reaching implications. Group-wise, the nationalised banks apparently account for about 54 per cent of the gross NPAs, and it is estimated that NPAs and restructured assets (stressed assets) if put together, account for about 10 per cent of the total bank loans which stood at Rs 57,55,900 crore (figures as at December 2013, according to the Reserve Bank of India).
Cheaper raw materials to boost India Inc nos - M Allirajan, Times of India
India Inc can breathe easy. With prices of key raw materials such as palm oil, crude oil, coal and rubber coming down sharply in the global market over the past few months, the bottom lines of companies are all set to improve. Most raw material prices have cooled off in the second quarter of the current fiscal, which would result in an improvement in gross profit margins, market observers said. Palm oil prices have fallen by over 13% in July-September in dollar terms, translating into higher profit margins for FMCG (fast-moving consumer goods) companies and potentially lower prices for consumers. 
Trai seeks mega spectrum sale - Pankaj Doval,, Times of India
Telecom regulator Trai on Wednesday sought a mega sale of mobile spectrum, including that used for the high-speed 3G and 4G services, and recommended freeing up airwaves held by the defence and ailing PSU BSNL to boost supply of the lucrative commodity. Trai also suggested a near 10% rise in spectrum reserve prices for the 1,800 MHz band over last auctions held in February this year for licences expiring in 2015-16.
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