Business/Economy
The road to reform - Devangshu Datta, Business Standard
The ministry of road transport and highways reckons that 84,674 people were killed and 408,711 injured in traffic accidents in 2002. One such 13-year-old case, where reckless driving caused one death and three injuries, was recently in the public eye.
Alibaba, Foxonn team up to shop for Snapdeal.com - Arun Kumar, Arijit Barman, Biswarup Gooptu & Jayadevan PK, Economic Times
Alibaba, the world's largest ecommerce company, has revived discussions over coming on board Snapdeal.com as a strategic partner. A group of new investors led by Alibaba is in advanced negotiations with the Indian online retailer, said several people aware of the talks, as fund-raising among India's top three consumer Internet firms picks up momentum for this year.
Reforms, not a sea of forms - Hema Ramakrishnan, Economic Times
Weeks before President Barack Obama’s visit to New Delhi in January this year, India quietly resolved over a hundred pending tax disputes involving well-known US software companies facing large tax bills here. The settlement, done through a reconciliation process, allowed under the country’s tax treaty with the US, was a hushhush affair.
The Railways needs new policy signals - Pradeep S Mehta, Business Line
India has adopted the mixed economy approach as a mantra. The same applies to the Bibek Debroy Panel’s treatment of private participation in the Railways. It does not recommend privatisation of the Railways anywhere in its report. There has been much noise over whether the report recommends privatisation, which the minister Suresh Prabhu has contested.
India reboot - Business Line
India Inc has once again raised its familiar demand for a cut in lending rates. It is not difficult to see why. Another season of corporate results is winding its way to a distinctly unhappy denouement. For 350 companies analysed by BusinessLine (‘The shaky ground beneath India Inc’s feet’, May 11), operating profits turned negative in the March quarter, as did sales growth, the third successive quarter of slippage.
Towards the end of dollar hegemony? - SS Tarapore, Business Line
Ever since President Richard Nixon delinked the US dollar from gold on August 15, 1971, there has been a 44-year con job of reserve currencies linked to nothing, the system running on trust. The past four decades have been punctuated by bouts of international financial instability, the reserve currencies being thrown into periodic crises.
Not a good year for the farmer - Ashok Gulati, Financial Express
When the Modi sarkar took over the reins in Delhi in May 2014, the biggest challenge in the agri-food space was to tame food inflation, which was hovering in double digits. Prices of food articles were up by 9.5% in May 2014 over May 2013; potato prices were up 31% and onion prices were showing surging signs in most major consuming centres.
A signature of India we need to protect - Ritu Kumar, Hindustan Times
India is the only country that still creates textiles coming from the genius of its master weavers. The world has lost the hand-weaving and loom process, along with all natural and organic processes of creating textiles. Mill-made fabrics and synthetics largely dominate fashion markets, with China as the main example.
There's no cutting corners here - Kota Sriraj, Pioneer
The ambitious smart cities project visualised by the Government of India and now in its primary stages of implementation, intends to create two smart cities per State in the initial phase. These ultra-modern cities are expected to be a fusion of cutting-edge technological innovation and efficient resource utilisation that will eventually deliver enhanced living conditions for the citizens.
Budget session ends, Modi government brings some cheer to the markets - ET
Looking to send out a strong signal on reforms after the Opposition forced it to back down on the goods & services tax (GST) and land acquisition legislation in Parliament, the Union Cabinet cleared several proposals on Wednesday, the last day of the Budget session. Investors seemed to take heart from the move — markets rose after having plummeted on Tuesday.
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