EDITOR'S COLUMN
Friends,
If Monsoon had made irregular appearance before June- in April May last year, this time round, it’s been pretty hot, with no sign of rain God in the immediate future. Mercury level have been above 40 degrees in most parts of India. In some parts it had even crossed 50 degrees with death due to Sun strokes being reported from Andhra- Telangana parts of India. Drought in parts of Karnataka, Telangana, Maharashtra has been serious. Struggle for water has forced IPL matches out of Maharashtra. Thus the picture is not pretty from the agrarian front. If monsoon does not make early appearance, water crisis, may be for real.
National Meteorological Office has predicted good monsoon, may be slightly more than normal, as of now, its bright sky with no dark clouds hovering around. Yes, rain is most welcome to the parched land across most southern states, so also to help mercury go down.
Early on in the month of April, Panama Papers story had broken out. In what is described as the world’s largest leak in the media, among hundreds of names of global personalities, there appears to be some 500 names of Indians from different strata of society, including businessmen and cine stars holding offshore a/c in Panama. Mossack Fonseca, an international law firm, is the facilitator of this massive flight of money from sources both legal and illegal. Panama is a known tax haven for rogue shipping companies. Money parked therein may be tax-evaded black money or tax avoided grey funds. It could be under-invoicing, over-invoicing export-import trade, by individuals or companies, legal or illegal trade facilitation commission, terror fund transfers, hawal fund transfers. Or it could even be purely legal offshore investment.
Government appears to be following the lead available to make all illegal a/c holders accountable. Hope NDA government at the centre acts responsible to fix the illegal offshore account holders, which included celebrities and business magnets, like Amitab Bachchan, Aishwarya Rai, K.P Singh of DLF, Gautam Adani’s brother Vinod Adani, to name only a few.
Month-in-Perspective as usual has covered many issues of relevance happened during April. We have expressed our concerns on the happenings with our usual take. We have tried to be truthful and honest in our observations.
In an attempt to save himself, Liquor Baron Vijay Mallya’s sudden flying away from Indian shores has catapulted corporate funding and its misuse by corporates into the centre stage. Non Performing Assets, or acronym NPA has become central to all discourse around Corporate funding. We have tried to discuss the issue of NPA in Focus. It is a very vast subject involving different dimension of our socio/political and economic life. We have tried to touch the issue from different angle, although more could have been covered. We do hope readers find our effort interesting. Do revert with your inputs on the issue. Rest as usual.
If Monsoon had made irregular appearance before June- in April May last year, this time round, it’s been pretty hot, with no sign of rain God in the immediate future. Mercury level have been above 40 degrees in most parts of India. In some parts it had even crossed 50 degrees with death due to Sun strokes being reported from Andhra- Telangana parts of India. Drought in parts of Karnataka, Telangana, Maharashtra has been serious. Struggle for water has forced IPL matches out of Maharashtra. Thus the picture is not pretty from the agrarian front. If monsoon does not make early appearance, water crisis, may be for real.
National Meteorological Office has predicted good monsoon, may be slightly more than normal, as of now, its bright sky with no dark clouds hovering around. Yes, rain is most welcome to the parched land across most southern states, so also to help mercury go down.
Early on in the month of April, Panama Papers story had broken out. In what is described as the world’s largest leak in the media, among hundreds of names of global personalities, there appears to be some 500 names of Indians from different strata of society, including businessmen and cine stars holding offshore a/c in Panama. Mossack Fonseca, an international law firm, is the facilitator of this massive flight of money from sources both legal and illegal. Panama is a known tax haven for rogue shipping companies. Money parked therein may be tax-evaded black money or tax avoided grey funds. It could be under-invoicing, over-invoicing export-import trade, by individuals or companies, legal or illegal trade facilitation commission, terror fund transfers, hawal fund transfers. Or it could even be purely legal offshore investment.
Government appears to be following the lead available to make all illegal a/c holders accountable. Hope NDA government at the centre acts responsible to fix the illegal offshore account holders, which included celebrities and business magnets, like Amitab Bachchan, Aishwarya Rai, K.P Singh of DLF, Gautam Adani’s brother Vinod Adani, to name only a few.
Month-in-Perspective as usual has covered many issues of relevance happened during April. We have expressed our concerns on the happenings with our usual take. We have tried to be truthful and honest in our observations.
In an attempt to save himself, Liquor Baron Vijay Mallya’s sudden flying away from Indian shores has catapulted corporate funding and its misuse by corporates into the centre stage. Non Performing Assets, or acronym NPA has become central to all discourse around Corporate funding. We have tried to discuss the issue of NPA in Focus. It is a very vast subject involving different dimension of our socio/political and economic life. We have tried to touch the issue from different angle, although more could have been covered. We do hope readers find our effort interesting. Do revert with your inputs on the issue. Rest as usual.
J. Shriyan
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