Back to the book: RBI Policy Dec 2019 (Opnion)(18:08) By Suyash Choudhary The Monetary Policy Committee (MPC) shocked expectations by keeping rates on hold. While not acting on Thursday, the MPC has nevertheless acknowledged monetary policy space for future action. It also reiterated continuation "with the accommodative stance as long as it is necessary to revive growth, while ensuring that inflation remains within the target".
Leg up for Urdu literature, 90,000 titles digitised in 6 years (IANS Interview)(18:16) By Vishnu Makhijani New Delhi, Dec 3 (IANS) It's a virtual library where some 90,000 titles in Urdu - including the Mahabharata and the Quran, as also autobiographies, fiction, travelogues, translations, manuscripts and pop magazines - have been digitised and made available on an internet portal for academicians, scholars and researchers to benefit from. In addition, the Rekhta.org portal offers a collection of 'shers' and 'shayaris' and an essential collection of iconic poets - all this for free!
Bold moves needed to right India's economic ship (Comment)(08:30) By Frank F. Islam Only six months after Prime Minister Narendra Modi won his re-election with a resounding mandate, the economic outlook in the country looks somewhat bleak. The overall state of the economy was not a primary focal point during the recent Lok Sabha election. Still, it was no secret in the run-up to the polls that sectors such as real estate, manufacturing, banking and finance were troubled. Nevertheless, at the beginning of Modi's second term, many hoped that the Prime Minister, voted back to power for another five years in the largest democratic exercise in history, would take some bold moves to improve the countrys economic conditions. However, that hasnt happened to date. As a result, the worlds fifth-largest economy faces strong headwinds that it hasnt seen since the early 1990s.
RBI may cut rate by 35-40 basis points (Market Watch)(14:56) By Arun Kejriwal NIFTY made a new lifetime high on Tuesday, November 26, and did so again two days later. Friday saw a sharp correction with the expected weak GDP numbers. The week ended with the BSESENSEX gaining 434.40 points or 1.08 per cent to close at 40,793.81 points, while the NIFTY gained 141.65 points or 1.19 per cent to close at 12,056.05 points.
Pulitzer Prize winner resurrects 'Oudh' princess from Delhi's Malcha Mahal (Comment)(09:40) BY SAEED NAQVI Ellen Barry of the New York Times walked into my study and, wasting no time, came straight to the point. What did I know about the last "Begum of Oudh"? She had a quizzical, amused look like she knew what the answer would be but would still like to see my expression. The abruptness of the query was her way to establish a point of departure on the theme.
The game of numbers (Column: Spy's Eye)(09:02) BY D.C. PATHAK Uddhav Thackeray's roller coaster ride to chief ministership of Maharashtra reaffirms the supremacy of the democratic principle in electoral politics that a party or a coalition commanding majority in the legislative house alone should be constitutionally allowed to assume power. But, the Maharashtra episode also brings out the stark reality that if a multi-party system gets excessively fractionalised then even a strict law against defection may not be enough to prevent opportunistic breaks and regroupings purely driven by the 'numbers game'. Two well defined pre-poll alliances -- BJP-Shiv Sena and Congress-NCP -- were in the fray in the assembly election in Maharashtra and the first one did secure a comfortable majority but the combine failed to form the government after receiving Governor's invite, due to Shiv Sena's hyped demand for rotational Chief Ministership -- beyond the post of deputy chief minister and a generous share of ministries that were already on the plate.
Hard knocks of Test cricket (Column: Close-In)(09:30) BY YAJURVINDRA SINGH India are in the driving seat as regards the path to qualify for the World Test Championship final to be held in England in 2021. This trophy has a significant place in the history of cricket as this will be the first time that a Test team will be anointed and recognized as the World Champion.
Creating global Indian giants (Column: Behind Infra Lines)(09:28) BY TAPONEEL MUKHERJEE As debates on Indian economic growth, infrastructure and job creation, business environment and corporate balance sheets rage on, an alternative way to boosting the Indian economy would be to create Indian businesses that can scale globally. Essentially, it involves creating global business giants that can help spur economic growth by providing opportunities across the supply chain in India. The focus must be on factors that engender an environment that facilitates the growth of global Indian businesses into global giants, noting that there are Indian businesses that have excelled abroad.
Using the power of words to protect animals (Comment)(09:04) BY MANILAL VALLIYATE Today, society is identifying racist, sexist, homophobic, and certain other types of discriminatory phrases and eliminating them from our language. But what about words that are disrespectful of animals or even promote violence toward them? I know firsthand the influence words have and how they can be used either for good or for bad.
Fashion industry now more inclusive, says Natalia Vodianova(10:58) By Siddhi Jain New Delhi, Nov 26 (IANSlife) Natalia Vodianova, a trailblazing supermodel, and a 71-time Vogue cover girl, has been one of the most successful fashion figures of all time. With a striking eight-season, seven-figure contract with Calvin Klein, she has been the face of campaigns for Louis Vuitton and L'Oreal.
Trade cautiously in volatile market (Market Watch)(13:04) BY ARUN KEJRIWAL Markets continued their choppy movement but kept the momentum intact. While the final outcome of the week could be termed as flat or neutral, the upward move and making new highs continued. BSESENSEX gained 2.72 points or 0.01 per cent to close at 40,359.41 points. It made a new high of 40,816.38 points during the week. NIFTY gained 18.95 points or 0.16 per cent to close at 11,914.40 points. The intraweek high on NIFTY was 12038.60 points.
Not just a Brexit election: Outcome will tilt global balance (Comment)(09:56) BY SAEED NAQVI In a hall somewhere in England, a propagandist for the Tories, a sort of marketing man, is being bombarded by angry citizens on bad schools, bad housing, bad health service. The salesman, wriggling against the wall, furrows his brow and comes up with an explanation. After stuttering a few times, he says:
It is not about faith but about politics of religion (Column: Spy's Eye)(09:34) BY D.C. PATHAK The socio-political scenario in India is moving, over the last few years, towards a goal of cultural correction and realism about the country's national identity. At the core of such an identity is a well-defined and stable geographical boundary, a sense of belonging to the land amongst the citizens -- that was nurtured by the awareness of what they had in common in the present -- and a willingness to outgrow the divisive contours that might have been created by the territorial history of the country in terms of the doings of some 'alien' rulers here.
Indian cricket's young and fiery (Column: Close-In)(09:50) BY YAJURVINDRA SINGH India versus Bangladesh Test match at Eden Garden, Kolkata, their first-ever Day/ Night encounter has been an overwhelming success. The match has a historical significance to it and for a cricket-loving enthusiast a "moment in time". The ball that one identified as a 'cherry' for its redness has now changed over to a 'strawberry'.
Providing momentum to asset monetisation (Column: Behind Infra Lines)(09:48) By Taponeel Mukherjee The success of the third toll-operate-transfer (TOT) auction by the National Highways Authority of India (NHAI) provides the momentum needed for India to embark on the path of swift and transparent asset monetisation in the next few years. Asset monetisation has received much attention, and a few large government asset monetisations have taken place in the last few years. It is about time the Government pushes the process ahead at a rapid pace.
Software is eating trade, digital platforms replacing agreements(13:00) By K. Yatish Rajawat Since India rejected RCEP (Regional Comprehensive Economic Partnership) with ASEAN and six other countries, most commentators have focused on reasons for exit. The government has reiterated that it was a decision in the interest of the country. Impact on farmers due to agri-imports impact is one of the dominant reason. There are more powerful forces at play shaping the structure of global trade that India needs to account for in any trade negotiation going forward.
NIFTY may see new highs on breakout movement (Market Watch)(15:04) BY ARUN KEJRIWAL Markets continued to remain in a state of flux with neither bulls nor bears able to dominate the week. Markets gained on three of the four trading sessions and lost on one of them. The net change during the week could at best be termed as neutral.
Ending temple politics will help harmonize but Pak the cornerstone (Comment)(09:42) BY SAEED NAQVI It was delusory to imagine that the Ayodhya verdict would bring down the communal temperature, even though Muslims will acquiesce in the judgement after a brief sulk. Ayodhya is part of a much bigger enterprise. It is, to use my favourite image, a case of two interlocking triangles.
Pakistan: Internal rumblings (Column: Spy's Eye)(09:02) BY D.C. PATHAK The mounting protests in Islamabad against the prime ministership of Imran Khan, led by Maulana Hafizur Rahman -- head of the influential Jamiat-ul-Ulema-e-Islami Pakistan -- reflect the complex domestic politics currently facing the regime in Pakistan. A largely attended march from Karachi to Islamabad set the ground for the massive agitation in the national capital. What has triggered the protest is the uncertainty that has crept into the Army-Imran Khan grid, the state of triangular links of Pakistan with US and China and the deterioration of India-Pak relations caused by recent developments.
A Cause for Concern (Column: Close-In)(10:04) By Yajurvindra Singh Mental health seems to be the new area of concern among cricketers. Players, especially from Down Under, are the latest in the list of cricketers who realize that they need therapy and help. Counselling is what they feel will put them back on track to play the game at the top level in a cool, calm and confident manner.
Growing Australia-India partnership in higher education (Comment)(09:50) BY AMIT DASGUPTA The decision of the Modi government to revamp India's archaic education system is as significant as it is laudable. It is grossly unfortunate that previous governments failed to respond to the global changes and introspect on the reforms that India's education system required. For decades, India clung on to a 19th-century education model to service 21st-century requirements. This led to genuine concerns that the hype around the demographic dividend was exaggerated because the Indian educational institutions were only churning out vast numbers of unemployable graduates, including engineers and doctors.
Lessons from telecom saga (Column: Behind Infra Lines)(08:58) BY TAPONEEL MUKHERJEE India's telecom sector grapples with the latest bout of bad news regarding the sustainability of business models, debt-levels, and lenders' issues. There are lessons to be learnt, and they must be used to ensure the non-recurrence of such problems in the future. Policy makers have two primary lessons on pricing and further developing capital markets with depth and liquidity.