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The discourse surrounding the arrests of five human rights activists this week has, unsurprisingly, been deeply polarised. All debate and reason has been...
While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.
Taylor ‘Fema’ Hiester, commander of USAF F-16 Viper Demo Team, hit out at air show organisers for continuing with the show after Wing Commander Namansh Syal lost his life in the incident.
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.
I don’t think this criticism is valid. No industrialist or businessman has benefited from demonetisation. In fact, to the extent that it shrank economic activity and growth, cost a lot of jobs, especially in the informal economy and sectors like construction, almost everyone is a loser. There was some talk initially that it was intended to immobilise the cash hoards of some politicians. As things turned out, with 99.3% of the currency officially returned, the fat cats must have been the first off the mark. 2. It was meant as an anti black money measure. There was a genuine expectation that about three to four trillion of currency would get extinguished, creating a special dividend from the RBI. Actually, RBI’s dividend halved. All in all, a very costly mistake for the economy.
I don’t think this criticism is valid. No industrialist or businessman has benefited from demonetisation. In fact, to the extent that it shrank economic activity and growth, cost a lot of jobs, especially in the informal economy and sectors like construction, almost everyone is a loser. There was some talk initially that it was intended to immobilise the cash hoards of some politicians. As things turned out, with 99.3% of the currency officially returned, the fat cats must have been the first off the mark. 2. It was meant as an anti black money measure. There was a genuine expectation that about three to four trillion of currency would get extinguished, creating a special dividend from the RBI. Actually, RBI’s dividend halved. All in all, a very costly mistake for the economy.