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Union Budget 2022-23

adminFebruary 1, 20221359 Views0

Unusual, setting modern India on track Jargons and clichés are out. Budget 2022-23 is a vision document with actions for future India. Giving no space for an election year appeasement, Nirmala Sitharaman enviably presented the Union budget 2022-23, which the otherwise uproarious representatives of people listened in unusual silence. I have watched every budget since 1991 - since the first one presented by Dr Manmohan Singh. Until 2014 every government had coalition compulsions with dictations from State satraps. Budget presentation was a ritual celebrated by a handful of privileged lots. Freebies, subsidies and tax cuts were the yardsticks of budget evaluation. Still, the ghosts haven’t fully disappeared. Hence, there are questions, though not so galore. The budget 2022-23 envisi...

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English: Many conflicts ever within

adminNovember 29, 20211119 Views0

We learn English unwisely and randomly the way most grammar books and English lessons present. I find it a reflection of legacy. As much as 80 per cent of English words came from as many as 350 languages. For that reason, standardisation of the grammatical structure and pronunciation was impossible. Look at the irregular verbs, irregular nouns and even irregular pronunciation. Within irregular nouns, there are irregular plurals. Wherever there is an arguable subject-verb agreement, 'concord' protects it. The challenges of many grammarians to give interpretations on the language structure over many years made the bristly Anglo-Saxon language into gentle modern English. Now neither the language of the Father of English nor the Father of English literature is prevalent. You may see British a...

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The wrong propaganda against asset monetisation

adminOctober 9, 20211229 Views0

There are many misconceptions about asset monetisation. The term is misconstrued as a sell-off and disinvestment. The flooding trolls and ridiculous comments on asset monetisation emerge from people who have never read the 88-page MNP prepared by NITI Aayog. Don’t forget, land monetisation will happen only through a Special Purpose Vehicle (SPV) named National Land Monetisation Corporation (NLMC), fully owned by the government. Many intellectuals shut their eyes to yell about darkness everywhere when the government declares a plan. They do not mind whether the same has its origin from the predecessors or not. Asset monetisation is the latest issue that rocked the parliament and primetime studios. There are countless posters and trolls against this. All of them show public mi...

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Tata in the airline business

adminOctober 1, 20211565 Views0

The announcement of Tata taking over the heavily debt-ridden loss-making Air India may coincide with the 90th anniversary of JRD Tata flying airmail from Karachi to Juhu on 15th October 1932. That later became Air India. In 1953 it was nationalised. The Tatas is one of India’s most respected industrial groups and the most globalised Indian conglomerate. Every Indian is proud of the brand, the true Indian in all senses of the term. It has a rich history of contributing to nation-building. When it is about to take over the government-owned commercial airline asset, Air India, now it is only a repeat of history. On 15th October 1932, JRD Tata flew a consignment of mail from Karachi to Juhu Airport, which later became Air India. Ninety years after the historical event, AIR India returned t...

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Thirty years of reform, the centenary of the reformer Rao

adminSeptember 29, 20211186 Views0

India’s 30-year journey on the reform highway has been an impressive haul. Though the potholes and gutters on the highway slowed the progress, India is now moving faster, whatever may be the counter-argument. In Indian history, no government did so much for the economic changes as the Narasimha Rao government and the Vajpayee government did. The interim period between these two governments was an era of peacetime disaster. There were two governments between the era of Rajiv Gandhi and P V Narasimha Rao. Both the governments were also disasters for the country. These two interim periods between three strong governments pulled India many decades back. That showed how political instability could make the national economy worse. The fight for power and position overrode economic inter...

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That’s how transition happens!

adminJuly 8, 20211877 Views0

Modi has redefined the veteran-ism. As the gallery occupiers are leaving their space, new talents are taking their space. Modi has brought in an inevitable transition in the cabinet formation with an abrupt deviation from the style of running with the regular senior faces. Gerontocracy is waning, thanks to the youngest Cabinet in place with the widest national representation. It is always unpredictable. That is how Narendra Modi acts. The fourth estate has long lost its once-powerful nose to smell what goes on inside the power circle. Modi knows how the fourth estate used to make itself a powerful lobby tool by which the powerful could remain powerful ever. But Modi has rewritten it, rather more adventurously this time by elevating many of his party workers to a level that most of them...

Editor's InsightsUdaykumar K.V.

Loan write-off never means a defaulter is forgiven

Udaykumar K V MararMay 16, 20212167 Views0

Writing off doesn't mean forgiving the defaulters' loan. It is only a technical term used in the accounting of commercial banks for recalibration of non-performing assets (NPA) to save tax, after making full provision against the NPA. This practice is done since prudential norms came into existence many years ago. Many people, including intellectuals and pseudo-intellectuals, still publicise "writing off' of corporate loans, as if the lenders have forgiven the loans. Surprisingly, they do not know the term write-off is only a misleading argument. It is no more freedom for the borrowers to sit without the liability of repaying it. Every borrower will have to repay their loans even if the banks write off the loan from their books. Writing off doesn't mean forgiving the defaulters' loa

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The need for a new equation for inclusive growth

Ecostar Editor MagFebruary 15, 20212073 Views0

Covid-19 took the lives of nearly 1.9 million people in 2020, with the biggest toll reported by the US and Brazil. The year saw over 84 million people infected, while the exact number recorded in China, the epicenter was not known to the world. India stood third place n terms of infection and mortality while having only half the number recorded by the US India's mortality rate was also the lowest, which astonished the world. The year 2021 began with not so good news for California and London as the death toll and fear of infection in these places terrified the world. But for the rest of the world, the year 2021 began with a hope of ebbing the pandemic load and bracing a hope of vaccine supplies. Most people in India considered Covid-19 only as flu. Doctors called it the dirty flu wi...

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Kerala`s Scandals: Many dirty cats in the stinking bag

adminNovember 24, 20202104 Views0

Scandals, which include money laundering, gold smuggling and controversial cronyism embroil Kerala State government. The government is at the fag-end of its five-year tenure. While the Chief Minister seems to have lost control over his subordinates, the miserably performing Finance Minister and Higher Education Minister of the State leave a big blot behind the ruling party that had once a strong base in the deep pockets of the State. An escape route from all the stains is a thought-out and moved about with a plan of adding to the power of State police, which often works as the ruling party’s volunteers. Indefensible, the government is afraid of growing trolls on its failure in social media, which has already started flooding beyond control. Some ill-headed advisors then convinced...