Business/Economy
Global divergences - Subir Gokarn, Business Standard
During her visit to India last week, Christine Lagarde, managing director of the International Monetary Fund (IMF), characterised India as one of the few bright spots in the global economy.
Internet of masses - V Sridhar & TK Srikanth, Financial Express
At the Mobile World Congress in Barcelona, while Google was fighting for internet independence from the telecom companies, Facebook was pitching for close collaboration with them.
Moving forward on GST - Financial Express
Maharashtra chief minister Devendra Fadnavis has done well to, in the budget for FY16, scrap the controversial local body tax (LBT). This was introduced in April 2013 to replace Octroi in all municipal corporations except Mumbai—under what has been proposed, VAT rates will be hiked to compensate municipalities R6,875 crore.
5/20 rule: Troubled flight path - Financial Express
The civil aviation ministry is all set to replace one bad idea with one that is worse. The 5/20 rule which said an airline could only fly abroad after it had been flying for 5 years and had 20 aircraft was always protectionist in that it discriminated against younger airlines.
Targeted lending to farmers a must - Gopa Kumaran Nair & Nirupam Mehrotra, FE
In a column in The Financial Express, (“Time to tweak priority-sector lending”, goo.gl/6O8AOL, February 6), the author made a case for “tweaking” priority-sector lending (PSL) norms which largely stipulate that the commercial banks direct credit towards certain vulnerable sectors and target population.
No direct banking, India, Pak traders use hawala - Abhinandan Mishra, SundayGuardian
The absence of a direct banking system between India and Pakistan is forcing the two countries' traders to use the hawala route to conduct business. This, in turn, is causing huge losses in revenue for both the traders and the respective countries. India's security is also being compromised because of this.
Modi govt explores gas-pooling to revive stranded power plants - Time of India
The government is exploring the option of providing support to Discoms through the power system development fund as it plots its next move on pooling of domestic gas with imported LNG (liquefied natural gas) to help revive stranded power plants, raise availability of energy and prevent Rs 60,000 crore investment from turning into bad loans. 
Govt’s skilling push: unveils Rs 1.5K scheme - Indian Express
Pushing forward the agenda to skill youth that would also provide workers for its ‘Make in India’ programme, the Union Cabinet on Friday approved the NDA government’s flagship skill development scheme — the Pradhan Mantri Kaushal Vikas Yojana (PMKVY).
Kayakalp must not end with cosmetic changes - Pioneer
Minister for Railways Suresh Prabhu is not one to let the grass grow under his feet. Soon after he had taken charge some five months ago, he had set up committees to advise him on various ways to improve the functioning of the railways. By the time he came to present the Railway Budget on February 26, he had secured key recommendations from these panels, most of which are under his ministry's active consideration, and some have found reflection in his Budget.
Arun Shourie on role of Professionals and Entrepreneurs - NitiCentral
Mr. Shourie talked about how he has been writing about China and Islamic militancy since last 10 to 15 years but no one was ready to listen. He told his audience that we have vaguely heard about how China has turned its economic might into its military might and the effect that it is having. He added that what we don’t realise is that now every single month to map Indian Ocean China sends a submarine.
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