Tuesday, 24 May, 2022
Home50-Word EditGood move by RBI to pick DBS to rescue Lakshmi Vilas Bank,...

Good move by RBI to pick DBS to rescue Lakshmi Vilas Bank, govt should now bring FRDI Bill back

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RBI deserves a pat for the speed with which it announced Lakshmi Vilas Bank’s resolution and picking Singapore’s DBS Group to rescue it. More foreign banks should establish Indian subsidiaries to tap such opportunities. This is also a reminder to government to bring FRDI Bill back to supervise sector better.

Amit Shah’s ‘Gupkar Gang’ attack is poor strategy, allow politics to return in J&K now

Home Minister Amit Shah’s ‘Gupkar Gang’ attack is bad politics, poor strategy, and a disinclination to see the big picture. Both PDP and NC are past BJP coalition partners. After the substantive, constitutional changes in Jammu & Kashmir, politics should now be allowed to return, so statehood can be restored.

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  1. Kashmir is special. ( At least in my heart, so are Kashmiris, most of all apple cheeked children ). With or without Article 370. Statehood ought never to have been extinguished, even if this was meant to be a temporary expedient. Its restoration should not be conditional, contingent on some political quid pro quo. A good peace overture to the Biden administration. 2. The two national parties retaining the flexibility to ally with either regional party to provide a stable government was a successful model. It was always understood that political interests would remain subordinate to the national interest in such a sensitive state. 3. Thirty years of exceptional use of force has not brought peace and reconciliation. Nor will it in future. No change in the territorial status quo as far as Pakistan is concerned. No Azaadi within the state. Subject to these two unalterable red lines, a large heart and a statesman’s vision can yield so much. Indian diplomats spend their entire careers explaining our official position to the rest of the world. Not sure how many people we have converted to our point of view.

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