Moody’s Mood; New Old; Online Play
Opinion Watch
Moody’s Mood
The Telegraph in its Editorial on the global ratings agency Moody’s last week warning that sectarian divisions and attacks on dissent were causes of concern for India’s long-term economic capabilities underlined that the political risks associated with investing were growing. The Kolkata-based daily claimed that Moody’s warning should be a red flag for the corporate world, while also asserting that it is a reality check on “just how fragile the image of Indian democracy is globally”. It also noted that “efficiency in governance, while critical, is meaningless if it comes at the expense of democratic processes”.
Narendra Modi government with ease dustbins negative global reports. Also, the global fund chases profitability. Yet, it’s true that an image of a stable India at peace with all, within and outside, helps gain investment.
New Old
On the constitution of the Congress Working Committee (CWC), The Tribune has opined that the “G23 rumblings seem to have taken a back seat … Mukul Wasnik, Anand Sharma and Shashi Tharoor have been accommodated as regular CWC members. Bridging the gulf between the old guard and the young brigade has been an uphill task”. The Chandigarh-based daily stated that the Congress’ ‘all is well’ mantra will be put to the test as the elections draw closer.
Mallikarjuna Kharge is proving to be a masterstroke choice for the Gandhis in leading the Congress. Dissension against Gandhis in the Congress is now history.
Online Play
The Asian Age has welcomed in its Editorial the report of the making of the draft e-commerce policy, while hailing the sector, quoting a report by Deloitte Touche Tohmatsu India to say that the sector is expected to grow five times more in the next seven years to touch $325-billion market size. “The proposed draft is likely to address the concerns of small traders and ensure data security, promote infrastructure development, and stimulate export promotion through e-commerce,” opined the New Delhi-based daily.
A recent conference on e-commerce and exports in the national capital revealed that several youngsters from tier-2 and tier-3 cities are grabbing global trade pie through e-commerce. The policy may help acceleration of enterprising youngsters taking part in the global supply chains and boost India’s GDP, as well as per capita income.
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