Business/Economy
Offer more than just visa-on-arrival - Amitendu Palit, Financial Express
The Chinese have become one of the most travelled people in the world. A couple of years back, the United Nations World Tourism Organisation (UNWTO) had predicted the number of Chinese tourists travelling abroad would swell to 100 million. Originally predicted for 2020, the number might already have been reached.
Innovating to insure our farmers - Ashok Gulati, Financial Express
Unseasonal rains are breaking the back of Indian farmers. The prime minister has taken the first step to ease this burden by deciding to raise compensation for crop loss by a hefty 50%, from the existing R9,000/ha for irrigated crop, R4,500/ha for non-irrigated crop and R12,000/ha for perennial crop.
The Airtel Zero challenge - Financial Express
While the Trai figures out the issue of whether or not to license over-the-top (OTT) service providers like WhatsApp and Viber—and if so, what the terms of the licence would be—another battle is brewing over net neutrality. And in this case too, it is market leader Bharti Airtel that is leading the charge.
Real reform of real estate - Business Standard
The Union Cabinet has approved several changes in the Real Estate (Regulation and Development) Bill, which seeks to set up a regulator for the country's most controversy-ridden sector. The Bill was introduced in Parliament in 2013 by the Manmohan Singh-led government. Several of the changes now approved are useful improvements.
Tax terrorism versus tax haven - Raghuvir Srinivasan, Business Standard
A phrase first used by Prime Minister Narendra Modi while addressing a group of businessmen in the run-up to the elections last year has now come back to haunt his government. Denouncing the UPA government for its adversarial tax policies, Modi promised to end the “tax terrorism” that was unleashed by the previous government on hapless investors.
India-France relations enter a new age - C Jayanthi, Business Line
India-France relations have transited from age-old colonial ties to a strong one focused on strengthening economic ties between the two nations. There have been hiccups due to stalled deals such as the Scorpene submarine deal.
Ratings upgrade good, but it must be sustained - Pioneer
Credit ratings by international agencies are like rankings in sports. You can be a top-ranked player one day and slip down soon after. Ace badminton player Saina Nehwal is a recent example: Within days of gaining it, she lost her world number one ranking. Yet, even if for a while, a higher rating or ranking has a meaning: It is a positive reflection of both sentiment and action. Rating agency Moody's revision of outlook for the Indian economy from ‘stable' to ‘positive' must be seen in this context. It is an expression of the positive energy flowing through the economy since the advent of the Narendra Modi Government 11 months ago.
Satyam: An inevitable end - Business Standard
On Thursday, the Hyderabad-based special court that was trying the case arising out of the giant accounting scam unearthed at Satyam Computer Services finally delivered its verdict. Satyam's former chairman, B Ramalinga Raju, once an icon of Indian information technology, was convicted, as were nine others.
The 'golden skirts' debate - Shyamal Majumdar, Business Standard
No one can accuse the Securities and Exchange Board of India (Sebi) of being unduly harsh on India Inc for its failure to comply with the norm that all listed companies must have at least one woman director each on their boards.
Welcome corporate debt market - Madan Sabnavis, Financial Express
The RBI Discussion Paper on large exposures is timely and pragmatic as it comes at a stage when there are three pressing concerns about the financial system. The first is the efficient use of capital where bank funds should be made to work better, especially since we are into Basel III where the norms are more stringent.
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