Editors Column

It is $100 billion and counting. There is no stopping the iconic Indian technology services provider and exporter Tata Consultancy Services (TCS) that has catapulted itself into the super league. The achievement is special because there has been no compromise of its reputation for professional excellence and corporate ethics that are the hallmarks of the Tata group.

The report that the government will not be a silent spectator at the forthcoming board meeting of ICICI Bank suggests that it is likely to raise issues of conflict of interest and corporate governance involving its top management and try to get answers through its nominee on the bank’s board.

Kathua, Unnao, Surat and a number of gory child rapes seems to have stirred the conscience of the nation. Political campaigns and partisan politics aside, this grave issue of mutilating children preceded by rape needs to shake up the nation.

From war rooms to war games, the Indian armed forces have been busy evolving strategies and sharpening tactics to lame Pakistan and tame China in an imaginary plot of having to deal with two unruly neighbours together on multiple fronts.

Why is it that the Income Tax department usually targets the Indian salaried class? When it is well known that salaried Indians judiciously pay taxes, should the department not leave them alone? Wilful compliance or tax deducted at source (TDS), whatever may be the reason, it is the salaried class that has contributed handsomely to the country’s tax kitty over the years.

Localised currency shortages in some states have dominated the headlines. Media reports across all platforms have highlighted the shortages in Andhra Pradesh, Madhya Pradesh, Uttar Pradesh, Telangana, Karnataka, Gujarat and parts of Bihar and there have been panic withdrawals of cash in other states as well following this.

There should be a sigh of relief all over. With normal rainfall of over 97 per cent of the long period average predicted by the weatherman, farmers all over would rejoice. A bountiful monsoon for the third consecutive year is particularly significant given that the country had gone through successive drought earlier.

The country’s oil and gas sector has once again been engulfed in the inconsistencies that marked policy directions given during the licence-permit raj. The recent development where the government has decided to change the terms of oil and gas contracts mid-way by seeking higher earnings for itself clearly shows that the sector still largely remains controlled.

Is India by any stretch of imagination a currency manipulator? By placing India on its currency watch list, the US Treasury has taken action that can only be described as ‘unwarranted’. The US has a history of ‘strong arm tactics’ in managing its economic and trade relations with the best of its partners.

Prime Minister Narendra Modi’s assertion on protecting citizens and ensuring the territorial integrity of India was jingoistic for some. For his core ‘ultra-nationalist’ political constituency, these assertions are seen as bravado. Modi’s speech at the Indian Defence Expo at Mahabalipuram near Chennai, was a significant departure from such events in the past.

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