India's economy is doing poorly despite a favourable backdrop. There are three broad reasons for this: a collapse in corporate profitability, demand hitting a wall, and unexpected turns in government policy. The government will have to make India an easier place to do business for the economy to revive, writes Akash Prakash
Airlines should know that passenger safety is non-negotiable. India's aviation regulator should hold the CEO or the face of an airline responsible if anything goes wrong on the safety front. Do that and you’ll have much more alacrity in the system, writes Anjuli Bhargava
The increasing trend towards informal employment is worrisome. Contractual labourers can be fired without much ado and many companies pit them against regular employees to keep wage demand in check. Informal jobs are not good jobs, writes Mahesh Vyas
The RBI is confident that inflation is well under control since it added Rs 70,000 crore to rupee liquidity. Therefore, argues Jaimini Bhagwati
, the central bank should be in a position to reduce benchmark interest rates by, say, 50 basis points at its next rate-setting meeting.
QUOTE OF THE DAY
"The fundamental principle we must accept is that unlike in human beings whatever must die must die. Look at Air India, Rs 60,000 crore of people's money, your money, people's money eaten away and there are people who say that Air India should be salvaged." — BJP lawmaker KJ Alphons during a Parliament debate.