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Auditors’ duty is to verify, not detect

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BusinessLine In the ongoing battle between the market regulator, the Securities and Exchange Board of India, and auditors, this round has gone to the latter. The Securities and Appellate Tribunal has not only reversed a large part of the order delivered by SEB... More »

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Policing in India fails the diversity test

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BusinessLine The Indian police, which traces its origin back to 1843 and is still largely run on the British-era Indian Police Act, 1861, has been struggling to come to terms with India’s class, caste, gender, and religious diversities. The reasons for this ma... More »

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Unorganised growth – The Hindu BusinessLine

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BusinessLine India’s aim to be a $5-trillion economy hinges a lot on catalysing the unorganised sector, particularly in retail and wholesale. The self-employed form a sizeable chunk of this sector. On one hand, over 90 per cent of the $700-billion retail marke... More »

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Baseless case against India’s sugar subsidies

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BusinessLine At a time when the sugar sector in India is in deep distress, at the WTO, a few countries have accused it of providing subsidy support to the extent of the entire value of production of sugarcane. What explains this paradox, what are the main clai... More »

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Is India becoming another China?

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BusinessLine Is India becoming another China, and if so, should the Americans take note? This is a question I was struck by from two recent innocuous encounters. First, the manager at my car leasing company in the San Francisco bay area asked me couple of week... More »

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Cleaning Mumbai’s coastal water, naturally

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BusinessLine Artificial habitats, especially artificial reefs, have been employed as biodiversity recovery and conservation solutions across many coastal regions. Artificial reefs can comprise well-designed sculptures or abandoned ships, oil rigs, deconstructe... More »

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Save Greenland – The Hindu BusinessLine

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BusinessLine Never a dull moment with Donald Trump as the US President. His Twitter pronouncements at all unearthly hours manage to revise prepared headlines. Politicians are frequently busy reacting to his views rather than framing their own agenda. And now, ... More »

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Digital footprints: The new route to credit scoring?

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BusinessLine Can payment banks fulfil the dream of financial inclusion in a developing country like India? The status quo answer to the question is ‘no’. So far, payment banks have not left any remarkable footprint in India, contrary to their international cou... More »

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Raising farm incomes – The Hindu BusinessLine

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BusinessLine Rural India seems to be the step-child of the development model being followed since long. The narrative being peddled by the urban economic “pundits” and the Ivy League “babus”, being seconded by policymakers, is that the best way forward is to t... More »

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Wrong way to ‘double farm incomes’

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BusinessLine Rural India, ie Bharat and agriculture, seem to be the step-children of the development model being followed since long. The narrative being peddled by the urban economic “pundits” and the Ivy League “babus”, being seconded by policymakers, is tha... More »

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A new approach to industrial policy

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BusinessLine India wants to grow its economy to $5 trillion. People want jobs and their incomes to grow. The country needs its industrial sector to evolve to absorb the millions of people coming off agriculture, as they will, with productivity in the agricultu... More »

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Biodiversity Act: A jungle of confusion

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BusinessLine Shyama Kuriakose India is one of the few countries around the world that enacted a legislation to protect, sustainably use and share the benefits of use of biological resources present in the country — The Biological Diversity Act (2002). Seventee... More »