These law revisions should improve the ease of doing business in the country, though it seems the authority to lift many of the old strictures that businesses complain of has been delegated to state governments.
A weaker currency could lend Indian products and services a price edge in export markets. But RBIs mandate is to keep retail prices in control. And, given the rupees convertibility, the two objectives could be at odds.
Indeed, there is scope for vast improvement on several fronts, as Rajan and Acharya see it, from the performance of state-run banks and the way they handle dud loans to the risk- management systems they use and the uniformity of their structures
Restricting ARCs from acquiring control is not rational. If a business has intrinsic value and an ARC wants to hold onto it, regulations shouldnt come in the way. Unlike banks, ARCs dont take public deposits, hence there should no restrictions them on acquiring stressed business
On a broader level, the incident is a reminder that the country needs to maintain a constant vigil and strengthen the security of all online systems. China, in particular, seems bent on using what analysts call 'hybrid warfare', which involves the deployment of information weaponry against an enemy.