Editors Column

It’s not just the prolonged bull-run that’s being celebrated by investors in the market. As the New Year steps in, investors are going gaga over the market reforms ushered in by the regulator, Securities Exchange Board of India (Sebi), under chairman Ajay Tyagi who’s been also pro-active in cleansing the bourses of corrupt practices.

Borrowing is an unambiguous term conveying liability. Whether it takes place through government securities or treasury bills, it indubitably involves net liability to the exchequer.

The fluctuation in the number of new subscribers to the Employees’ Provident Fund Organisation (EPFO) over the last three years gives a significant insight into job creation in the organised sector. Variations notwithstanding, new members who came under the EPFO ambit totalled a massive 7.5 crore in the last three years.

Rampant corruption in the income tax department may be the single biggest reason for the low conviction of tax dodgers, evaders and fraudsters.

While the goods and services tax (GST) roll out itself has proved to be a challenge, a bigger hurdle awaits the government as it embarks on implementing the e-way bill early next year. Before the one-year term of GST implementation is over, the e-way bill would’ve been implemented across the country.

Why have WhatsApp groups suddenly become a threat to orderly growth and development of stock markets in India? Has technology become overbearing on our bourses? Are there remedial measures to rescue the markets from the menace of these virtually connected groups that use encrypted messages to manipulate the market?

Successive governments have found it challenging to provide people access to education and healthcare. The problem rises when it comes to those in rural areas. Technology tools could be a big support system for the states and centre in providing quality healthcare and education services to citizens spread across India’s villages.

The CBI special court verdict on the multi-crore 2G spectrum scam may not be the last word. Judge OP Saini, one of the finest judicial officers, has gone by the material evidence put forth by the investigating agencies.

Efficient treasury management and investing liquid funds suitably to maximise returns are key to the success of an enterprise whether in the public or private sector domain. Keeping liquid funds idle is an unacceptably poor choice as a business decision unless they are set aside for a specific purpose.

A pared down vote bank on home turf should not inhibit Prime Minister Narendra Modi from focussing on economic reforms that have been hallmark of his government. Modi and finance minister Arun Jaitley have earlier justified the short-term pain of demonetisation and GST roll out as being necessary for long-term gain.

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