Image Courtesy : Rediff.com
PB’s twisty take on the top five headlines of the day.
1. Ratan Tata wrongfully seeking to corner glory for JLR’s turnaround, alleges Mistry
Now, having made the points he had to make, Mistry should quit for Tata brand’s sake if not anything else. And then again, Ratan Tata-Cyrus Mistry spat doesn’t impact our business, JLR made their statement.
2. Demonetisation: Over-the-counter exchange of old notes suspended from November 25
Presumably many must have waited for the ques to go down and the euphoria to settle down and when the lines go down gradually then they will go and exchange based on the deadline of 30 Dec as told on on 8th Nov. These people must be feeling betrayed. Even though, there is a problem of people taking undue advantage of this exchange facility, there could have been better ways of handling this problem. Now after this move its becoming difficult to rely on the deadline of 30th Dec.
3. How right is Manmohan Singh when he says Modi’s cash ban will drag GDP by 2%?
Politically pressurized statement, hence, he said demonetization ”can” ”may” drag down GDP and did not say it ”will” come down. Being one of the respected economists in the country one could say that he is just against the way demonetization is being implemented.
4. Rupee Falls To Its Lowest Ever, Raises Fear Of 70 To A Dollar
One can figure out that the drop in rupee is mainly because of Trump who is projected to cut off subsidies and waivers for international investors which would cause an instability.
5. PM Nawaz, military chiefs vow to teach India a ‘lesson’
The comments from the army chief, who is on his farewell tour, came a day after Pakistan claimed that 13 people, including three soldiers, were killed in Indian firing along the Line of Control. It is not a one way problem. Both the countries need to come to a consensus before more lives are lost at the cost of egos.