Government’s proposed move to dilute Indian Statistical Institute’s autonomy isn’t how reforms are implemented. India’s oldest and most reputed institute has thrived in a culture of democratic decision-making. Repealing the ISI Act and focussing on corporatisation and revenue generation without discussion can undermine it. Hurried and opaque reforms often backfire.
India’s denial of Chinese mediation in Op Sindoor is unnecessary. Focus on strengths, not irritations
After Trump repeating his mediation claim for the umpteenth time, now China’s Wang Yi has joined in. India’s denial of mediation is again sharp. This is unnecessary. When two nuclear neighbours with an angry history clash, the world won’t stay indifferent. India should focus on its strengths more than irritations.
The new year begins with uplifting data from RBI. Bad debts are at a historic low
The new year begins with uplifting data from RBI on the health of banks. Bad debts are at a historic low. After five years, PSU banks are adding jobs. This is a creditworthy development in our political economy. Banks can afford to lend more while avoiding prudence-and-recklessness cycles.