An RBI appointed committee to review the working of Asset Reconstruction Companies (ARCs) recently submitted a report containing a set of 42 recommendations. The recommendations have been made to ensure the flow of NPAs to ARCs gather speed and momentum, so that bankers can focus on core banking activities like lending, leaving stressed asset management to specialised regulated institutional fr
Fed up of being contained, our lives have become acutely more exciting than that of a lab rat, Covid has taken the centrefold in every socio-economic sense and the coronavirus is the only star we see on posters these days. Now, the competition is the three Khans and SARS; who would you like to see? The first and second waves have emerged as teachers, deteriorators and finger pointing infrastruc
The union government enforced a nationwide lockdown on March 25, 2020 to curb the spread of coronavirus as it was causing large-scale infection and disease. Challenges of pandemic management and levels of distress were revealed during this time. The fear of Covid spread like wildfire and a necessity was felt to teach people about Covid-appropriate behaviour. Civil society of Ind
A long life span free from diseases and disability, the so-called healthy aging, has been a matter of prime interest to humanity. It is widely held that the life expectancy is a function of interplay between various genetic and environmental factors. There is scientific evidence to support the fact that only about 20% of the average lifespan is governed by the genetic milieu and rest 80% by the
The launch of the Gati Shakti master plan will be a booster dose for India growth story. The plan, as the name indicates, will ensure Gati, i.e., speed and Shakti, i.e., empowerment to the ₹1 trillion national infrastructure pipeline. The plan will break inter-ministerial silos. For example, there are ministries of roads, railways, ports, aviation, mining etc and the left hand
This year during the second wave of Covid-19, an unprecedented ‘oxygen shortage’ crisis gripped the national capital and several other parts of the country. A similar situation is brewing in respect of the ‘power’ situation in the national capital and the rest of the country too. However, the authorities seem to be in a denial mode, hoping all is well, and it is a tempor
After almost a century, the Nobel Committee has decided to award the Nobel Peace Prize 2021 to two journalists, Maria Ressa of the Philippines and Dmitry Muratov of Russia. The last Nobel Peace Prize won by a journalist was way back in 1935, by a German named Carl Von Ossietzky for his “burning love for freedom of thought and expression” after revealing that the Nazi regime was secr
In 2020, before the coronavirus pandemic which got the entire world at a pause, the Indian healthcare sector was in progress at a steady but slow pace. The pandemic boosted the rate, and within a year, the sector made a leap into the future – something that would have taken the industry another five years to achieve had the pandemic not been a catalyst to the whole situation.
The brutal second wave of the COVID-19 pandemic in India has left a significant death toll in its wake. Health experts advise that the imminent third wave can be delayed by following simple measures like wearing a mask and engaging in social distancing. However, near the end of the second wave, we witnessed a surge of tourists thronging the Mall Roads of Manali and Shimla, blatantly refusing to
After the recent announcement of the government guarantee for Security Receipts (SRs) to be issued by a public sector-owned National Asset Reconstruction Company Ltd (NARCL), there is a surge of interest around this desi version of a super bad bank. The entity will acquire around ₹2 trillion bad debts from banks (which is around 25% of estimated ₹8.34 trillion of bad debts outstanding as of
We are at a defining moment of history twenty years after the deadliest terrorist attack that killed 2,977 and injured more than 6,000 in the USA. Just to recollect, four commercial flights were hijacked midtraffic by terrorist group Al-Qaeda. They took control of the flights and crashed two planes into the World Trade Center in New York. The third flight was crashed into the Pentagon and the f
OTT is here to stay. Even after Covid restrictions are lifted to open cinema halls and multiplexes, customers will still continue to subscribe to the OTT platform for its user-friendly formats, privacy and most importantly, anytime anywhere convenience. Aided by cheap data plans, Indians spent about 5 hours daily on smartphone, as per the Mobile Broadband India Traffic Index (Mbit) 2021. An exp
With multiple big-brand vehicles outsourcing parts of their production to India, and many others putting up assembly-line factories in India, it is no surprise that India is on its way to becoming a known name in the automobile industry. Keeping pace with the global shift towards electric vehicles, in 2013, India had put together a board that focused primarily on the Indian auto
The Insolvency and Bankruptcy Code (IBC) 2016 was enacted in May 2016. It was a milestone event in the financial sector reforms. In its five years of journey, five key takeaways of IBC are as follows: 1. End of the promoter’s divine right to rule the company. In the earlier restructuring / rehabilitation schemes, the success was limited as the reins of th
During an online course promoted as a foundational step towards tuning one’s mind for personal spiritual growth (presumably for eventual greater happiness and even bliss through self-realization, liberation, and other big things), the guru asked a simple-sounding question: “What is the difference between fact and truth?” Then answering his own question, he explained that while
There is now an increasingly growing demand, cutting across parties, to have the caste enumeration in Census 2021. An all-party delegation from Bihar met the prime minister in this regard recently. The last census in which all castes was counted was way back in 1931. In post independence India, the numbers of SCs and STs are counted, and the rest are counted as ‘general category’. T
The BJP has ruled Gujarat for more than 25 years now. On Saturday, Vijay Rupani who was known as a soft-spoken politician has smartly completed five years as a chief minister in spite of many challenges. With 1,825 days in power, Rupani is the fourth CM in the state with the longest rule. Before him, prime minister Narendra Modi ruled Gujarat for the maximum period – 4,610 days. Earlier,
The Standing Committee on Finance of the parliament has come out with a report on implementation of the Insolvency and Bankruptcy Code (IBC) - pitfalls and solutions. It was presented in both houses of parliament on August 3. It has gone into the basic pillars of the IBC, studied corporate insolvency resolution process (CIRP), amendments made to the code, and has outlined its observations/ reco
Today (August 2), prime minister Narendra Modi launched the e-RUPI voucher system which is another milestone in Digital India. Simply put, this will be a digital payment which will be delivered to mobile phones of beneficiaries, even with no bank account and this payment is like an e-Voucher in form of a SMS-string or a QR code. To start with, the government is expected to utilise this system f
There has been an active debate globally and in India about the digital divide. This debate has gained additional weight during the Covid-19 pandemic because the acceleration of the need for digital access to health and other social services has thrown this issue into sharper relief. A critical public policy challenge which arises from the digital divide, when the private and public sectors are
