Yashwant Sinha on reforms, the tobacco war and, making cloud industry-friendly

Here is a list of five stories that you must read this weekend

GN Bureau | August 12, 2017


#cloud computing   #divorce   #india post payments bank   #yashwant sinha   #tobacco   #weekend stories  


Last year the nation marked the 25th anniversary of the launch of economic liberalisation. Back in those tumultuous days, Yashwant Sinha was an important part of the dramatis personae involved in the reforms process. As finance minister in the short-lived Chandra Shekhar government, he steered the economy during a critical phase, and later, as finance minister in the NDA government, he gave the reform narrative a bipartisan support. In July, Sinha, along with co-editor Vinay K Srivastava, published a collection of essays on the reform saga, titled The Future of Indian Economy: Past Reforms and Challenges Ahead (Rupa Publications). Sinha spoke with Governance Now about the eclectic anthology as well as about the economy. 
 
 
Tobacco companies are not known to be the fairest of fighters in market battles. But Philip Morris International (PMI) seems to have gone to extremes in its grand strategy to sweep the Indian market, where an estimated 2 million people take up smoking every year. A presentation on the Indian market by Philip Morris (the makers of Marlboro cigarettes) that has been accessed and released by Reuters news agency recently singles out some anti-tobacco groups for special attention. And from among anti-tobacco lobbyists, it marks out the photograph of Dr K Srinath Reddy – a prominent cardiologist from AIIMS, an expert on public health, and chairman of the Public Health Foundation of India (PHFI) – with a red circle. The singling out of Dr Reddy and some groups may be part of a global offensive by tobacco giants.
 
 
In India, the kind of trials and tribulations a person goes through while opting for a divorce is dismal. The hefty fees of lawyers, the long and tardy legal procedure and inadequate number of family courts further add to the woes. A major reason for inordinate delays in divorce cases is when either the judge is on leave for months, or is transferred and the new judge does not take charge for a long time. Also, delay in delivery of notice to the other party, due to incorrect postal address or other reasons, hinders the proceedings.
 
 
India may not take a heavy-handed approach in regulating cloud computing. The telecom regulatory authority of India (TRAI) is expected to submit its recommendations on cloud computing to the department of telecommunications (DoT) in the next couple of months, says an official aware of the matter. In its submission, the regulator is considering industry-friendly rules governing cloud technology – in line with the goals of the national telecom policy (NTP), 2012, which envisions India as “a global leader in the development and provision of cloud services”.
 
 
A project worth Rs 1,000 crore by the department of post will serve as a shot in the arm for financial inclusion in the country. The department, say officials aware of the matter, has zeroed in on the US-based Hewlett Packard (HP) to set up the technology infrastructure for its countrywide rollout of a payment bank – a stripped-down version of a bank that would allow a limited savings deposit of up to Rs 1 lakh, but not loans and credit. Currently negotiations are on between the two and a formal announcement is awaited. HP will do an end-to-end job of setting up countrywide points-of-presence of India Post Payments Bank (IPPB) at 1,55,015 post offices, 650-plus branches (the definite number is not yet known), a network and a data centre.
 
 
 
 
 
 

Comments

 

Other News

BJP does well in Gujarat, show exit polls

BJP is all set to retain Gujarat, indicated one exit poll. Another exit poll, however, showed a tough fight in at least one region. Aaj Tak exit poll showed that BJP will win 99 – 113 seats, getting a majority in the 182 member assembly. The Congress will get 68 – 82 seats, falli

GSL delivers fuel barge to Indian navy

Goa shipyard Limited (GSL) has delivered the second fuel barge to Indian Navy on December 2, 33 days ahead of contractual delivery schedule, and recently got inducted into the Navy. Navy was in the need of self-propelled 1000Ton fuel barges, with a view to fuel big ships like INS Vikramadity

HAL units can’t be allowed to be idle: Bhamre

 Minister of state for defence Subhash Bhamre has assured Hindustan Aeronautics Ltd (HAL) that work load for its Nashik unit will continue to flow even after Su-MKI manufacturing and production activities conclude in the next few years.  “HAL has the world class facilities and giv

INS Kalvari dedicated to the nation by PM

 Naval submarine INS Kalvari was dedicated to the nation by prime minister Narendra Modi on Thursday in Mumbai. INS Kalvari is a diesel-electric attack submarine built by the Mazagon Dock Shipbuilders Ltd for the Indian Navy. As per the plan, five more such submarines would be inducted into

Gujarat decides

People queued up since early morning to cast their ballot to decide the political fate of 851 candidates in the second and final phase of the bitterly fought Gujarat assembly elections. The votes in all the 182 seats will be counted on December 18. Over 22 million people are eligible to cast

Delhi’s air pollution answer may lie in distant Iceland

Had the situation not been so desperate, then the AAP government’s proposal to sprinkle water from helicopters would have been considered hare-brained. But, a more practical solution to tackling air pollution may well be around the corner and it lies in the success of a pilot project in Iceland.



Video

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter