We need our institutions as much as we need our democracy.
NARENDRA MODI’S FIRST TERM in office will be bracketed by malodorous stand-offs with two governors of the Reserve Bank of India. The bad blood between the central bank and the finance ministry is just one of the stains blotting the government’s copybook as it heads into a winter of discontent. It would be tempting to conclude that the last six months of this administration promise to be as unsmooth as the corresponding UPA-II period. But things are not that cut and dried.
Despite the fishy smell around the Rafale deal, the Modi government is nowhere near as venal as the dysfunctional Congress-led coalitions that ran our affairs between 2004 and 2014.
The public airing of dirty laundry by the RBI – most recently in the portentous speech by Deputy Governor Viral Acharya – is just the latest sign of institutional infirmity. Our eyebrows can rise no higher when, day after day, we wake up to the latest disturbance.
Denne historien er fra October 27, 2018-utgaven av Businessworld.
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Denne historien er fra October 27, 2018-utgaven av Businessworld.
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MEMORIES & IMPRESSIONS
Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.
The Robotaxi Market
The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.
And the Nobel Prize Goes to AI
The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.
Ola Electrified
Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.
Sharp Slide in Industrial Output on Eve of Deepavali
India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.
Heralding the Solar Era with Sustainable Electrification
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A WELL-GREASED MACHINE
The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh
Disruption Ahead: Beyond Organisation Charts and Structures
ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.
