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Devas etc dulls India’s investment appeal

Canadian court order in Antrix-Devas hurts India’s standing; such negative publicity could turn off investors The reported order by a Canadian court allowing Devas Multimedia to seize amounts collected by the International Air Transport Association (IATA), on behalf of Airport Authority of India (AAI) and Air India, is unfortunate. The orders are a fallout of …

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New bank licences: Why digital banks aren’t a good idea just yet

Fintechs have so far signalled that size and scale are critical for their valuations — an attribute on which the regulator places no emphasis By Srinath Sridharan NITI Aayog, in a recent discussion paper titled Digital Banks: A Proposal for Licensing & Regulatory Regime for India, floated the idea of setting up full-stack ‘digital banks’, for …

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From Plate to Plough: The reach and depth of MSP

SAS data, even with caveats, shows how MSP is a poor choice when it comes to supporting small and marginal farmers By Ashok Gulati & Ranjana Roy We wish readers of this column, and our farmer families, a safe and happy new year, with greater prosperity, more productive and competitive agriculture that is environmentally sustainable …

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Inside Track by Coomi Kapoor: Modi’s retreat, Mamata’s might & other defining moments of 2021

The ruling party at the Centre miscalculated in not projecting state-level leaders. Its polarising campaign, crude barbs at Mamata and the mishandling of the second Covid wave did not go down well with the voter. Defining Moments: 2021 2021 will be best remembered for two events. The deadly impact of the coronavirus and the long-drawn-out, …

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Ringside view: The magnificent eleven of men’s Test cricket

Here’s a look at the incredible international men’s Test cricket team of the year gone by From conquering the Gabbatoir to breaching the Centurion fortress, circa 2021 had been India’s annus mirabilis in Test cricket. The only comparison could be 1971, when India had won Test series in the West Indies and England for the …

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Tax in 2021, and what’s likely in 2022

From adoption of the OECD framework to the end of retrospective taxation, 2021 saw big shifts By Naveen Aggarwal A central theme of the tax policies of the current dispensation is addressing ambiguities in income-tax (I-T) laws that have led to tax disputes. To this end, two amendments in 2021 hold prominence. On the administrative front, …

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Against all Odds: A look at FedEx Champion Patrick Cantlay’s arduous journey

February 13, 2016. Best friends—Patrick Cantlay, and Chris Roth—are enjoying a night out, barhopping, in Newport Beach, California. The duo are walking across an intersection when, out of nowhere, a speeding motorist, knocks down Roth, who’s walking less than 10 feet away from Cantlay, and speeds off. In a report on the incident on Golf Channel, Cantlay …

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