By consolidating 29 laws into four codes, compliance is streamlined and regulations are simplified, improving “ease of doing business”. This is bound to improve investor confidence.
It will be tough for Reserve Bank of India Governor Sanjay Malhotra to get right. Rupee is the worst-performing Asian currency this year against the dollar.
Indigenisation level will progressively increase up to 60 percent with key sub-assemblies, electronics and mechanical parts being manufactured locally.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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