Business/Economy
If Rajan exits, so will billions in investment - Swaminathan S Anklesaria Aiyar, Times of India
The BJP’s loose cannon Subramanian Swamy has launched a scathing attack on RBI governor Raghuram Rajan, accusing him of tight money policies that have ruined Indian industry, saddled the banks with bad debts, and slowed economic growth. Many industrialists also blame their weak corporate results on Rajan, saying he has kept interest rates too high and the rupee too strong. Several prominent economists have voiced similar criticisms.
Make in India: Governance is the key - Pradeep S Mehta & Abhishek Kumar, Deccan Chronicle
In the context of a nation, organic change is always in the making. It is slow but steady, whereas sudden paradigm changes happen when either organic churning reaches the tipping point or a strong leadership takes charge. In India’s case, it is the latter that can be credited with the change we see around us these days. Take the example of “Make in India”.
A Rajan a day - Pratap Bhanu Mehta, Indian Express
It is not much of an exaggeration to say that the reappointment of Raghuram Rajan as RBI governor has become an important question for investors. It would be easy to dismiss this preoccupation as stemming from a fixation on personalities. But the extraordinary global fixation on the future of Rajan is also a deeply interesting window on the functioning of institutions in India.
The lurking threat of inflation - Rajeev Malik, Mint
Now that the deluge of assessments about Prime Minister Narendra Modi’s two years in power has subsided, it is constructive to focus on a key issue: India’s inflation outlook. Depending on how it is handled, it could have significant positive or negative repercussions, both economic and political.
Trai sets the stage to define net neutrality - Business Standard
India is on course to join an ever-increasing list of countries that will clearly define what 'net neutrality' is and its binding principles. Telecom Regulatory Authority of India (Trai) has come out with a pre-consultation report on net neutrality, following the department of telecommunications seeking the regulator's views.
Govt plans GST roll-out from April 2017 - Business Standard
The Union government is confident it would be able to garner an adequate number of votes in the Rajya Sabha to ensure the passage of the Constitution amendment Bill on goods and services tax (GST) during the forthcoming monsoon session of Parliament. Based on this, it has already begun working on a timeline that envisages roll-out of the GST regime from April 2017.
Modi govt meets expectations of India Inc on reforms - Business Standard
With the Narendra Modi government completing two years in office, an overwhelming majority of the 50 chief executive officers (CEOs) surveyed by this newspaper said the government has met their expectations on economic reforms. The average rating was seven out of 10.
If legitimate money comes in, it increases size of economy: FM Arun Jaitley - Deepshikha Sikarwar & Vinay Pandey, Economic Times
Given several factors in the global and domestic economic environment, I think the challenges which existed two years ago and the image deficit that existed, which created a problem, have been significantly rectified. Nobody accuses India of policy paralysis.
Extending the RBI governorís tenure - A Vasudevan, Mint
Much of the discussion on monetary policymaking in the near future will probably be centered on the question of extending the tenure of Reserve Bank of India (RBI) governor Raghuram Rajan—set to end by 4 September.
Landmark judgment for power sector - Vinayak Chatterjee, Business Standard
A full bench of the Appellate Tribunal for Electricity (Aptel) — the appeals forum of the Central Electricity Regulatory Commission (CERC) — delivered a historic judgment on April 7, 2016, establishing principles governing resetting of competitively bid out long-term power purchase agreements.
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