Summary

35A: SC defers case after Govt seeks talk time

The Centre on Monday told the Supreme Court that it had appointed an interlocutor for holding talks with various stakeholders in Jammu and Kashmir and rrequested to adjourn the hearing over the politically contentious Article 35A of the Constitution, which gives special rights to permanent residents of the state, saying the court hearing may affect the dialogue process.

After road and rail, river at risk as coal floats by

Marine life village farms in danger; terminals planned on Zuari, Mandovi

IPOs raise record high funds but only fraction is for business growth

Even as the equity capital raised in 2017 throuhg the primary market hit the highest level in a decade and a half, data shows that only a small portion of this moneyraised has gone to the companies for growth and expansion.

Identity, culture issues best addressed within constitutional framework

Days after the Spanish region of Catalonia voted for independence, India on Monday night finally responded to the Catalonian crisis and cautioned that 'issues of identity and culture' are best addressed 'withint the Constitutional framework with respect for national integrity'.

Weather linked disasters up by half, mosquitoes now more potent

At least 31 million people in India aged over 65 years faced health problems on account of heatwaves between 2000 and 2016, a new report linking climate change and its health impacts has revealed.

India, Italy to boost efforts to counter terrorism

India and Italy agreed to enhance cooperation to counter terrorism as Prime Minister Narendra Modi held bilateral talks with his Italian counterpart Paolo Gentiloni on Monday. They also signed six agreements in energy, trade and railway services.

China plans tunnel to divert Brahmaputra water to Xinjiang

Chiense engineers are testing techniques that could be used to build a 1000 km long tunnel, the world's largest, to divert water from the Brahmaputra river in Tibet close to Arunachal Pradesh to the parched Xinjiang region, a media report said Monday.

Editorial

Extend and Pretend

The issue of the rise in non-performing assets of all banks, be it private or public sector banks, was prevalent from a long time- it was kept under the carpet for so long. This situation, however, came to the forefront after the pressure which arose out of bad loans due to the bankruptcy situation blew it out. The recapitalisation move, the so-called reform is not exactly a reform. It is a move which uses taxpayers for covering up the failure of all institutions and financial firms. To actually make the issue die down completely, the reform should be robust and be implemented well. The entire banking system was suffering from the issue of bad assets. If it was the case of only one bank conducting fraudulent accounting moves, it would have been different. The regulatory board knew about the issues too well- it refrained from any action and only proposed newer loan restructuring schemes. The RBI to failed in its role of properly evaluating the performance of banks and to control the bad and non-performing assets issues. It, however, choose to keep mum on the issue. The Government as well as the regulatory board should take proper action and implement reforms which actually get to the ground base and acts well in resolving the NPA issues of banks.

New equations in Indo-Pacific

An interesting feature of the latest plan by Japan for refresh the Indo-pacific quadrilateral dialogue would be the move to positively associate the European powers with it. It was last week that Japanese foreign minister Taro Kano stated that he would be presenting a high level dialogue next month between the officials of the countries of India, Japan Australia and US. He also stated that the exploratory talks would be held between officials of the stated four countries on the subdued margin of East Asia Summit in the Philippines next month. This is however not surprising, noticing the fact the Shinzo Abe earlier mentioned the quadrilateral talks and argued that the maritime democracies all have a proper stake in the secure of rules based proper global order, a liberal tradition system and also on the freedom of navigation. The Indo-Pacific region is a major market for the effective European arm industry. Also in addition, many other countries like France, Britain, the US and Germany among others have started focussing on the Indo-Pacific region and its geopolitical essence. India, on its part needs to build up the exchange of maritime intelligence, negotiate agreements for sharing naval infrastructure facilities as well as develop the scope.

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