DK Shivakumar is right in boldly saying he won’t back out of a vital flyover project. The last thing crumbling Bengaluru needs is one-two punch of activism and weak leaders. It’s exactly how Siddaramaiah abandoned the flyover in his first term. His government mirrored the weakened UPA-2. Voters punished both.
NPA at 9-year-low. India Inc should start borrowing, initiate investment cycle
The government should be commended for reducing bank NPAs to a nine-year low. They’re now where they were before the UPA-era profligate lending started turning sour. Banks’ balance sheets have systematically been cleaned up, and they’re ready to lend. Now it’s for corporate India to start borrowing again to invest.
Putting TCS foreign transactions on backburner shows govt is confused, unprepared
Government’s backtracking and postponement of deadlines relating to TCS on foreign transactions shows it’s not only confused about its aims but also unprepared to execute them. Typical of the Indian system, they are complicating a simple task. If tracking foreign transactions is the aim, then a 5% TCS is enough.