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  DECCAN Chronicle Dated: September 09, 2020 By:  RIL has started work on hiving off O2C business into a separate unit for a possible stake sale to companies such as Saudi Aramco New Delhi:  Reliance Industries Ltd's new oil-to-chemical business unit will hold its oil refinery and petrochemical assets and retail fuel business but not upstream oil and gas producing fields such as KG-D6 and textiles business, the firm said detailing hiving-off plans. RIL has started work on hiving off the oil-to-chemical (O2C) business into a separate unit for a possible stake sale to companies such as Saudi Aramco. Reliance O2C Ltd will house oil refining and petrochemical plants and manufacturing assets, bulk and wholesale fuel marketing, and RIL's 51 per cent interest in retail fuel joint venture with BP of the UK, according to the Scheme of Arrangement. The O2C unit would also house RIL's Singapore and the UK-based oil trading subsidiaries and marketing subsidiary, Reliance Industries U...

The Indian Express Dated 09.09.2020 Somya Kanti Ghose Even as the   pandemic   continues to ravage India, there is renewed discussion in policy circles on kick-starting the economy, though there is a clear divide on when to unleash the second round of policy support. We don’t intend to get into a debate on its timing. Rather, we argue the importance of the year 1957 in India’s recovery and find that a coordinated inequilibrium strategy between the RBI and the government is the most effective policy response in the current pandemic. Most importantly, for such coordinated inequilibrium, a prerequisite, in the current circumstances, is effective communication from both RBI and government. Coordination between monetary and fiscal authorities has been a thorny issue globally in recent years, particularly after the global financial crisis. India is no exception. Historically, if there is perfect coordination between the monetary and fiscal policy, then mathematically, there should b...

  Firstpost Dated: September 08, 202 By: FP Staff The first batch of five Rafale jets arrived in India on 29 July, nearly four years after India signed an inter-governmental agreement with France rench defence minister Florence Parly will visit India to attend the  Rafale fighter jet's  induction ceremony on 10 September, reports said. During the visit, she will hold a meeting with her Indian counterpart Rajnath Singh, and will also meet National Security Advisor Ajit Doval,  DNA  reported . She will be accompanied by defence officials and French defence industry representatives. The induction ceremony of the Rafale jets will be held on 10 September in Ambala air force station in presence of Singh, Chief of Defence Staff General Bipin Rawat and the entire top military brass of the country,  PTI  quoted sources as saying. The Indian and French sides are in touch with each other on the proposed visit by Parly, the sources added. In a telephonic conversat...

  Fistpost Dated: September 08, 2020 By: Sreemoy Talukdar For all his rhetorical flaws, Trump has pushed back against aggressive campus feminism, critical race theory and other subversive forces within the US, says doctoral scholar on neo-realism, researcher and columnist Sumantra Maitra. Doctoral scholar on neo-realism, researcher and columnist Sumantra Maitra, one of the sharpest conservative voices around, provides freewheeling answers to a few questions from  Firstpost  on liberalism, United States presidential elections, foreign policy and more. Following are the edited excerpts: Do you see the culture war amid the poll battle in the US reflecting the larger ideological debate facing liberal democracies? I do. It was inevitable and predicted by various scholars ( Mearsheimer ,  Kaplan ,  Huntington , although no one was quite certain about how history will return. Liberalism as a theory is predicated on a worldview which is providential in nature, almost li...

The Indian Express Dated 09.09.2020 By Ajay Vir Jakhar The rodomontade about heralding a new epoch of prosperity six years ago is gradually evaporating. It appears the PM is in the dark about the delivery of his government’s policies, just as the Congress leadership seems clueless about issues on the ground. Four specific pain points unmask the gap between policy and impact on the rural economy. Under PM Kisan, each landowning farmer (landless are excluded) receives Rs 6,000 annually. As per a Punjab Agriculture University study, a farmer growing a combination of paddy and wheat utilises about 50 litres of diesel per acre. The diesel usage differs, depending on the crop and practices. Today, each litre of diesel gets taxed at about Rs 45. Even if one is to discount the average country-wide diesel usage per acre to 60 per cent — 30 litres — the government is virtually collecting a tax of Rs 1,200 per acre from farmers. A small five-acre farmer could be paying about Rs 6,000 as diesel ta...

THE ECONOMIST Dated 18.08.2020 MILLIONS MORE are going to die before the covid-19 pandemic is over. That is the stark message of Bill Gates, a co-founder of Microsoft and one of the world’s largest philanthropists via the Bill & Melinda Gates Foundation, in an interview with Zanny Minton Beddoes,   The Economist ’s editor-in-chief, in early August. Most of these deaths, he said, would be caused not by the disease itself, but by the further strain on health-care systems and economies that were already struggling. He also lamented the politicisation of the response to the virus in America, and the spread of conspiracy theories—some implicating him—both of which have slowed efforts to contain the disease’s spread. But he offered reasons for hope in the medium term, predicting that by the end of 2021 a reasonably effective vaccine would be in mass production, and a large enough share of the world’s population would be immunised to halt the pandemic in its tracks. Mr Gates had spent...

  Hintustan Times Dated: September 08, 2020 By:  Niyati Singh World Health Organisation chief Tedros Adhanom Ghebreyesus said on Monday the world must be better prepared for the next pandemic, as he called on countries to invest in public health. World Health Organisation chief Tedros Adhanom Ghebreyesus said on Monday the world must be better prepared for the next pandemic, as he called on countries to invest in public health. More than 27.19 million people have been reported to be infected by the novel coronavirus globally and 888,326​ have died, according to a Reuters tally, since the first cases were identified in China in December 2019. “This will not be the last pandemic,” Tedros told a news briefing in Geneva. “History teaches us that outbreaks and pandemics are a fact of life. But when the next pandemic comes, the world must be ready – more ready than it was this time.” Reference:  https://www.hindustantimes.com/world-news/world-must-be-better-prepared-for-next-p...

Hindustan Times Dated: September 08, 2020 By: Shishir Gupta wo days before external affairs minister S Jaishankar meets his Chinese counterpart Wang Yi in Moscow, there are reports of a scuffle between the Indian Army and an aggressive People’s Liberation Army (PLA) on the Rezang-La-Rechin La ridgeline with some injuries sustained by Indian troopers as China wants to unilaterally change the status quo south of Pangong Tso. According to top Indian official on Tuesday morning, the situation is tense but both sides are talking to each other at the ground commander level. Apparently, the situation reached criticality on Monday evening after a stand-off between aggressive  PLA troops and Indian troops on Rechin La . The stand-off started at 6.15pm. While the Western Theatre Command late on Monday night accused of Indian troops of firing warning shots and talked about countermeasures to “stabilize the situation”, the fact is that the Indian Army had to open warning shots even in the last...

  Hindustan Times Dated: September 08, 2020 By:  Shayan Ghosh and Gopika Gopakumar In its report, the five-member panel led by K.V. Kamath identified five financial parameters to gauge the health of sectors facing difficulties. Banks must ensure that restructured loans meet specific financial parameters by March 2022, a panel set up by RBI to suggest debt recast rules said, in a signal that it expects things to improve in less than two years from now. In its report, the five-member panel led by K.V. Kamath identified five financial parameters to gauge the health of sectors facing difficulties. These include total outside liabilities to adjusted tangible networth, total debt to earnings before interest, taxes, depreciation, and amortization (Ebitda), debt service coverage ratio (DSCR), current ratio and average debt service coverage ratio (ADSCR). The panel submitted its report to RBI on 4 September, and its recommendations have been broadly accepted. RBI has allowed greater le...

 Financial Express Dated: September 08, 2020 By:  Prasanta Sahu   If the Centre’s dues of Rs 2.5 lakh crore to the Food Corporation of India (FCI) are added, as on March 31, 2020, the unpaid dues by the government to various economic players could climb to around Rs 9.5 lakh crore or 4.2% of the GDP estimated for FY21; in fact, the dues will appear to be much higher when expressed as fraction of GDP given the shrinking GDP. If the Centre’s dues of Rs 2.5 lakh crore to the Food Corporation of India (FCI) are added, as on March 31, 2020, the unpaid dues by the government to various economic players could climb to around Rs 9.5 lakh crore or 4.2% of the GDP estimated for FY21; in fact, the dues will appear to be much higher when expressed as fraction of GDP given the shrinking GDP. Besides various central government departments, the unpaid dues to the industry for goods and services procured in recent years include that of central entities such as NHAI, the railways, India P...

  The Indian Expres Dated: September 09, 2020 By:    Man Aman Singh Chhina  ,  Krishn Kaushik  | It is commonly believed the SFF was raised by India in coordination with US intelligence agencies. The original task as envisaged was clandestine operations behind the lines in Tibet. n Monday, the funeral of Nyima Tenzin, a soldier of the Special Frontier Force (SFF), was held in Leh, with  BJP leader Ram Madhav among those present . While there have been reports about SFF being involved in the August 29-31 operation to  occupy previously unoccupied heights in Chushul sector in eastern Ladakh , the Army has so far maintained an official silence, and sources have said Tenzin was on a patrol when he stepped on a landmine dating back to the 1962 war, and was killed. Another SFF soldier was injured. However, Yeshi Tenzin, father of the injured soldier Tenzin Londen, has told  The Indian Express  that his son along with his unit was involved in a...