Constitution Bench fixes guidelines for computing claims.
Collegium and transparency: (The Hindu, Editorial)
The initiative adds a veneer of respectability to a mechanism that has little constitutional basis.
‘Doing Business’ rank: India jumps 30 places: (The Hindu)
India climbed 30 positions in the latest ease of doing business ranking by the World Bank.
Crypto currencies now come under SEBI lens: (The Hindu)
‘Regulator examining means to deal with coin offerings’.
A big bang bailout: (The Hindu, Editorial)
Recapitalisation of banks raises concerns about moral hazard.
Ease of Doing Business in an uneasy India hides, not reveals: (Indian Express, Editorial)
This high ranking should be seen in the context of India’s dismal 143rd rank in Index of Economic Freedom and 79th rank in Corruption Perceptions Index. We need to look at a business environment from multiple perspectives to gain a broader understanding of what is happening on the ground.
Science and Tech
Debate over ‘therapeutic food’: can it solve the malnutrition problem?: (Indian Express, Editorial)
Following a central government notification, Maharashtra stopped the implementation of a plan to treat severely malnourished children with an energy dense nutritious food paste. An explanation of an old argument over RUTF, which has come back under the spotlight over the past few months.
Govt. plans to sell Air India, AI Express together: (The Hindu)
Separate bidders likely for regional airline Alliance Air; process to be concluded by June 2018.
Prelims Related News
Domestic resources accounted for 74% of the $525 million that was spent in India last year.