The central bank is not directly purchasing corporate bonds of large enterprises and major non-bank finance companies (NBFCs), as is par for the course in the mature markets. Instead, RBI has announced long-term repurchase obligations or repo in government securities with banks, so that the latter can then use the liquidity available to subscribe to corporate bonds or commercial paper or debentures.
It is for the voters to punish defectors by defeating them, their backers or proxies in by-polls. If voters do not care, and allow such shenanigans to proceed apace, political parties would try to grab power by inducing MLAs to defect.
The way ahead is to step-up recharge of aquifers and groundwater resources, even as we better allocate resources for surface irrigation systems and their maintenance. We are increasingly dependent on groundwater for irrigation, which is clearly unsustainable. But the maintenance and upkeep of surface irrigation systems is also neglected across states.
Does it hold out the definite prospect of reversing the growth slowdown? It does not. Does it fix the gaps in financial plumbing that prevent finance from being mediated to viable infrastructure projects? Not quite. A market for corporate bonds is India’s prime requirement now, and that remains a work in eternal progress.
Microsoft has come a long way since then and even became the world’s most valued company. The Survey does not hold out a happy story.
Civil Aviation minister Puri advised other airlines to follow suit. Air India, GoAir and SpiceJet followed suit — if the minister had asked them to do likewise, they would have done likewise — no matter Kamra did not misbehave on their flights. Nor did they convene a meeting of their internal committees that are supposed to ponder over a complaint.
At the broader level, the fact that the students will be selected through a national test is likely to help schools across the country to meet certain basic curriculum and teaching standards. The inclusion of senior citizens in the scheme is a recognition of the untapped capacity for contribution of this segment of the population.
The Supreme Court’s verdict that the Internet is a part of Article 19 – key to providing India’s citizenry with the ‘basic freedoms’ that include the freedom of expression – finally calls a spade a spade, and has demanded that Internet service be restored in Kashmir for all essential services.
The time has come for the government to shed its obsession about fiscal deficit targets and borrow more from the market, both to compensate the states for their shortfall in GST collections and to meet its own expenditure commitments. India still has deep reserves of economic resilience and it is necessary to avoid any self-defeating talk of recession.
The levies, charges and mounting dues would essentially financially cripple and may even bankrupt the leading service providers, and have wholly-avoidable negative effects and signals much beyond the telecom sector itself. The Cabinet needs to purposefully rationalise central levies and charges on telecom operators for the greater national good.
The latest inflation numbers suggest that retail headline inflation, read the overall rise in consumer prices, has gone up beyond the 4% target set up Monetary Policy Committee (MPC). The MPC is mandated to policy-induce a narrow 4-6% range for the retail inflation rate. The CPI has risen at the fastest rate since June last year.
The 14 MLAs who quit from Congress and the three from the Janata Dal (Secular) last July, leading to the fall of the JD(S)-Congress government, may have reasons other than pure disagreement and/or disenchantment with the way their own parties were going about governing and such things. Now, it’s for the bypolls on December 5, to decide the fate of the 17.
As for manufactures, which account for over 77% weight in the industrial index, production has contracted and posted minus 3.9% growth. The sharp contraction in automobile production, with the output of motor vehicles, trailers and semi-trailers declining by minus 14.9 % y-o-y has clearly adversely affected production.
It is the duty of all concerned to not just maintain peace but also to work for sustainable unity.
For the polity, too, an Opposition staging an extinction rebellion is certainly good news. A healthy democracy needs an Opposition that is not a pushover.
COVID-19 is hitting every industry in the world. The Indian Apparel industry is being hit quite badly and this is bad news because it has a lot of labor involved in the production and supply chain. Apparel Export Promotion Council (AEPC) is saying that roughly 65% of payments of apparel exporters ($2 billion which isThe post Covid-19 hit India’s apparel industry’s slow death as $2 billion payments stuck appeared first on Drishtikone.
Lately a lot of Muslim public figures have been trying their best to whitewash the crimes that Tablighi Jamaat terrorists have been committing. Not only have they acted as a bio-weapon, but they have spitted on the policemen and doctors, walked around nude and did lewd stuff in front of women doctors and nurses. WhileThe post Radio Mirchi RJ Sayema bats for Tablighi Jamaat Jehadis who acted as Bio-weapons appeared first on Drishtikone.
The Chief of Nizamuddin Markaz, Maulana Saad was absconding after an FIR was lodged against him. He has now been found in Zakir Nagar. And, he wants to be under self-quarantine. The Chief of Nizamuddin Markaz Maulana Saad Khandalvi has been traced by Delhi police to be living in the Zakir Nagar area and hasThe post Delhi police trace Nizamuddin Markaz Chief Maulana Saad appeared first on Drishtikone.
Despite the court order to surrender, the Bhima Koregaon accused – Gautam Navlakha and Anand Teltumbde – accused of the assassination plot against PM Modi have been given just one last week to surrender. The honorable Supreme Court noted that they should have surrendered already. And, so there will be no more extensions. You canThe post Bhima Koregaon : One Final Week To Navlakha & Teltumbde for Surrender by SC appeared first on Drishtikone.
COVID-19 US deaths have reached almost 2000 yesterday. As per our earlier post, this figure will go up to 3000s before it starts going down. The scary part is that even these numbers for the deaths due to Corona may not be correct. In one twitter thread, Mark Levine – Chair of New York CityThe post COVID-19 US Update: Our Death Numbers may be completely wrong! appeared first on Drishtikone.
As Corona rages around the world and deaths start mounting, most of the countries are unable to deal with the deaths. Spain, for example, now has drive-through funerals. The blessings to the dead before the burial or cremation are being provided just like people get their Starbucks latte. Spain has been holding drive-through funerals forThe post Dealing with Corona Deaths – Drive through Funerals, Rotting Dead on streets! appeared first on Drishtikone.
Travel industry is reeling under tremendous pressure. With the lockdowns extending everywhere in the world due to Corona virus, the travel industry will be completely devastated. So countries and economies that depend heavily on tourism are trying to find ways to generate some interest and keep people interested in their country and regions. Greece hasThe post Greece offering virtual tourism during Corona travel closure appeared first on Drishtikone.
As the terrorists form Tablighi Jamaat who have been using themselves as live bio-weapons spread around India in order to spread the Corona disease, the local administrations are being forced to take proper actions to stop their agendas. These Jamaat jehadis have been known to spit on others while they themselves have the virus. Now,The post Corona Patient Spitting on others will be charged with Attempt to Murder – Himachal DGP appeared first on Drishtikone.
Prime Minister Narendra Modi came on national TV to share a message on April 3rd, 2020. While expressing gratitude to those providing services and keeping the essential establishments like hospitals running, he asked for a favor. For Indians to light a lamp, candle, torch or just cell phone flashlights for 9 minutes starting at 9The post Why PM Modi and Indians may have changed the Global consciousness on April 5th appeared first on Drishtikone.
timesnownews.com – Bhopal, Madhya Pradesh: In view of rising cases of coronavirus, authorities in Bhopal have decided to enforce a tougher lockdown. All shops barring those selling milk and medicines in the capital of … Tweeted by @TimesNowThe post Covid-19: Bhopal goes for tougher lockdown; all shops except dairies, medical stores closed appeared first on Drishtikone.