Business/Economy
Speed up, leaders of a digital world - Krish Shankar, Economic Times
Recently, news reports have been rife with the growth of startups and ecommerce firms — heralding our fast progress into the digital revolution. The world is changing surreptitiously, and all of a sudden we see a big disruption that strikes a blow at an existing institution or way of working.
Lohani turned around sick MP Tourism - Times of India
Not long after BJP's Uma Bharti took charge as Madhya Pradesh CM in December 2003, leading her party to a famous three-fourths majority in the assembly, she brought Ashwani Lohani, an officer of Indian Railways Engineering Services, to revive a bleeding Madhya Pradesh Tourism Development Corporation.
Onions turns dearer, prices likely to go up further - Business Standard
With onion prices across the country on the upswing, the common man is feeling the pinch. Onion prices crossed the Rs 70 per kg mark at many places on Thursday with most people complaining that the government was not doing enough to contain the price rise.
CAG’s electric shock - Times of India
Delhi’s electricity distribution system, a joint venture between private sector and state government, was for long considered a success. A CAG report on these distribution companies shows that praise may have been premature.
Stop the currency war - SA Aiyar, Economic Times
Ruchir Sharma of Morgan Stanley has warned of a global recession, driven by collapsing growth in China. World growth is dropping well below IMF predictions, with emerging markets performing especially badly.
Uber-Ola: Regulate, but let them ride - Hindu
Uber and Ola, the ride-sharing aggregators that match cabs with passengers through smart phone applications, have become extremely bullish in their bid to outstrip each other. Ola, the home-grown competitor to the global operator Uber, is spread across 100 cities in India and records 700,000 consumer rides a day.
A half-baked consumer protection action - Rajeev Dimri, Financial Express
India is emerging as one of the world’s fastest-growing consumer market. A number of laws have been formulated by the Indian legislative bodies for the protection of consumers’ interest. However, a robust consumer protection ecosystem still eludes the world’s largest democracy.
India Inc needs clarity on various tax matters - Financial Express
Given the number of high-impact measures that will affect next year’s budget, finance minister Arun Jaitley has done well to advance the usual pre-budget consultation process, from November to August. There will be the impact of the 7th Pay Commission that has to be factored in.
Our decrepit debt recovery system - B Yerram Raju, Business Line
India’s debt recovery apparatus is an alarming mess. Consider this: we have four Acts, two sets of tribunals, Rs. 2 trillion worth of debt recovery tribunal (DRT) cases and Rs. 6 trillion in NPAs. These NPAs are a subject of labyrinthine discussions, appraisals and reappraisals – carried out by the RBI, Finance Ministry and even TV channels. None of all this seems to be getting us anywhere.
How economic reforms hit India's caste system - Peter Gregory, Business Line
A new study by the Cato Institute in the US has found that the process of economic liberalisation taking place in India since 1991 has struck a blow against the caste system. This is another example of the link between economic freedom and tolerance.
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