Daily Archives: October 2, 2018

Rangoon rice market.

The rice market rose today [Rangoon, October 1] and Java shippers are paying Rs. 400 and over for rice to fulfil their engagements for which they have already got licenses. There is much discussion as to how the Government will obtain rice for Madras as the present price Rs. 372 …

Read More »

Students in the I.D.F.

At a meeting of the Senate held this evening [Bombay, September 30] the following was passed: The Syndicate is authorized to deal with the cases of students who have joined the Indian Defence Force if such students fail at any University examination except an examination for Honour’s or a Master’s …

Read More »

Studying fault lines

Filling of reservoir near a fault can cause quakes Even very small reservoirs impounding water seasonally can cause deformation in the neighbouring region. Such deformation may add to the stress of a nearby fault, which if already critically stressed, can trigger an earthquake. Based on Global Positioning System and satellite …

Read More »

Up in the air

North India faces a big test this winter on measures to reduce burning of crop residue The onset of the winter season has come to be associated with toxic atmospheric pollution in north India. This year will be a crucial test for a scheme piloted by the Union government to …

Read More »

Rescuing IL&FS

Bailing it out is one thing, but how didthe debt pile-up go unnoticed for so long? The Centre’s move to supersede the Board of Directors of the troubled Infrastructure Leasing & Financial Services (IL&FS) has come not a day too soon. By explicitly stating its intent to “ensure that needed …

Read More »

The need to forget

Yehuda Elkana’s reflections could find resonance in India’s troubling present One of my closest friends, the Israeli educationist and philosopher, Yehuda Elkana (in picture), passed away in September 2012, bringing to a close a peripatetic life lived on different continents. Had cancer not taken him away, Elkana would have continued …

Read More »

At Sabarimala, walking the extra mile

With all women allowed into the temple, the infrastructure has to be carefully revamped The path-breaking verdict of the Supreme Court striking down the exclusion of women in the 10-50 age group from the Sabarimala temple in Kerala might have put to rest the long-raging question of gender discrimination. But …

Read More »

Enjoying exporter status, with no liability

The buying house transfers import risks to the manufacturer The Punjab National Bank (PNB) grabbed headlines with a Rs. 13,000-crore loss on account of its high-profile client, Nirav Modi. Subsequently, lacunae were identified in the procedures of its foreign exchange transactions. An examination of the modus operandi revealed the ease …

Read More »

The voice that is great within us

The crises in Indian democracy and in global politics send one immediately to consult Gandhi Truth, Satya, was the central axis of the Gandhian system of thought and practice. For Mohandas Karamchand Gandhi, everything turned on Truth — satyagraha, swaraj, ahimsa, ashram, brahmacharya, yajna, charkha, khadi, and finally, moksha itself. …

Read More »

The algebra of dissent

To heed the conscience of the court, and hence the nation, we must honour dissenting judgments Over the past few days in the Supreme Court we have seen some remarkable dissents: Justices Indu Malhotra in Sabarimala , D.Y. Chandrachud in the Activists case and Aadhaar , S. Abdul Nazeer in …

Read More »

Kolkata GPO marks 150 years in service of the city

Museum in heritage structure extended to accommodate more exhibits, including photographs that appeared in journals and periodicals Under the 120-foot-high dome of Kolkata’s General Post Office (GPO), a special postal cover was released on Monday. The event marked 150 years of the GPO. A fresh coat of paint and tiny …

Read More »

Gita Gopinath is IMF Chief Economist

International Monetary Fund (IMF) appointed India-born Gita Gopinath as Economic Counsellor and Director of the IMF’s Research Department. Ms. Gopinath will succeed Maurice (Maury) Obstfeld, who announced he would retire at the end of 2018, an official statement said on Monday. Source : https://www.thehindu.com/todays-paper/tp-business/gita-gopinath-is-imf-chief-economist/article25100829.ece

Read More »

GST collection rises marginally in Sept.

Collections from the Goods and Services Tax (GST) in September increased marginally to Rs. 94,442 crore from the Rs. 93,690 crore collected in August. “The total gross GST revenue collected in the month of September 2018 is Rs. 94,442 crore of which CGST is Rs. 15,318 crore, SGST is Rs. …

Read More »

Manufacturing PMI rises to 52.2 in Sept.

Growth in new orders, gains in output and employment boosts index Manufacturing activity improved in September on the back of stronger gains in new orders, output, and employment, according to a private sector survey. The Nikkei India Manufacturing Purchasing Managers’ Index (PMI) rose to 52.2 in September from 51.7 in …

Read More »

Car sales slide on rising fuel prices

Market leader Maruti Suzuki reports 1.4% fall while Hyundai Motor India’s local sales slip 4.5% in Sept. Domestic passenger car sales by major players declined in September, 2018 as compared with the same period last year on account of rising fuel and product prices. Market leader Maruti Suzuki witnessed 1.4% …

Read More »

Further defaults will not take place: Govt.

‘Fully committed to ensure needed liquidity is arranged’ The government on Monday made clear its commitment to ensuring that the ailing Infrastructure Leasing & Financial Services (IL&FS) receives the liquidity it needs from the financial system, and that no further defaults take place, terming the company a large Systemically Important …

Read More »