By Dhirendra Kumar It’s hard to recognise something that does not follow an expected pattern or fit a conventional template. For investors and analysts, this is the exact case while observing the wave of reforms that is happening in the Indian economy. These changes on Indian businesses are deep and hugely impactful but since they don’t fit the established ‘reforms template’, all of us talking heads sometimes fail to recognise them. Last week, I had an opportunity of participating in an interesting discussion organised by S&P Dow Jones Indices. While listening to the astute insights of the speakers, I realised that, to some extent, we are all prisoners of what we think is implied by the word ‘reform’. Most of us have this conventional idea in our head as to what ‘economic reforms’ are. Mostly, it’s the 1991 template that was first created by the PV Narasimha Rao government. Lower tariffs, no licensing, foreign ownership, free … [Read more...] about What’s an economic reform, as we know it?
Uber drivers strike
By Anupam Agarwal & Karan Jain Winds of change are blowing through the Indian automobile sector. While technology is changing the engine-design, policy updates are encouraging manufacturers to be more environment and safety conscious and ride aggregating apps such as Ola and Uber have already changed the way people commute. However, the strongest driver of change in this industry is consumer behaviour. While car ownership in India is still considered a status symbol, problems such as congested roads, inadequate parking, volatility in fuel prices, high interest rates, lack of credit history and rising insurance premiums are some of the reasons consumers are putting off their car buying decision. People are, instead open to exploring improved public transport alternatives such as metro rail and air-conditioned buses and other shared mobility solutions. Thus, shifting a car purchase decision from aspirational buying towards need based usage. In the first ten months of FY 2019 … [Read more...] about Here’s why automobile giants are offering car subscription services to their clients
The 50th edition of the International Film Festival of India (IFFI) opened on Wednesday with the presentation of honours for two movie legends, French actor Isabelle Huppert and British auteur Ken Loach. While Huppert could come down to the festival – held annually on the banks of the Mandovi in Panaji – Loach did not. A Huffington Post report said “two people with the knowledge of the conversation that IFFI offered the 83-year-old director an economy class ticket”. I really wonder whether IFFI could have made such a huge blunder. Be that as it may, Loach sent a recorded video – which was a telling social commentary on the direction the world is taking today. Speaking about the rising nationalism, he said in the video: “It’s always extraordinary to us that the stories we tell about our world and society manage to make contact with people across the world. It really shows that things that concern us - finding … [Read more...] about At IFFI 2019, master British moviemaker Ken Loach raises concerns about rising nationalism
NEW DELHI: A draft legislation seeking up to 10-year imprisonment for those who assault doctors and other healthcare professionals may be placed before the Union Cabinet and introduced in the current session of Parliament. The Health Services Personnel and Clinical Establishments (Prohibition of Violence and Damage of Property) Bill also proposes to impose a fine of ?10 lakh on those who assault healthcare personnel. The health ministry, which put out the draft law for public feedback in September, received over 250 comments from stakeholders, and has decided to widen the scope to include clinical psychologists and organ transplant coordinators. “Most comments were in support of the draft legislation. We have included clinical psychologists and organ transplant coordinators under its ambit, too. It was felt important to have them covered under the legislation since both categories have active interface with patients,” said a senior health ministry official. As per the … [Read more...] about Bill on up to 10-yr jail for assault on doctors may be tabled in Parliament