The way to make AT1 bonds attractive again is to clarify the insurance-linked role that sets them apart from pure debt, revert to valuation as per the time period of call options, and vastly improve banking supervision via enhanced management of banking data.
Monday’s cartoon by EP Unny in the Indian Express compares the geometry of the new Parliament building with that of Jantar Mantar, for long the national capital’s favourite protest site. The juxtaposition is more than appropriate, given the recent developments. Even as the new Parliament building was being inaugurated, women wrestlers and their supporters protesting against alleged sexual harassment were roughed up and their protest site at Jantar Mantar cleared.
Indian agriculture is a gamble on the Monsoon. This cliché would have been sufficient ground for the Goods and Services Tax authorities to slap a tax of 28 per cent on the value of crop output if agriculture had not been kept out of the ambit of GST.
FANS of philologist JRR Tolkien and his lore would be familiar with Anduril and Palantir as, respectively, a magical sword and a crystal ball that shows things afar, including in the past. But Anduril and Palantir hitting the headlines are not magical relics of yore, but defence companies that came up from America’s technology startup ecosystem to develop high-tech military capability, and figure among the defence startups proving their spurs in the war in Ukraine.
TK Arun A distribution of power among country groups facilitates global growth far more than concentrated power…
Does the Supreme Court-appointed expert committee’s report on Adani, based on interim results of ongoing investigations by markets regulator SEBI, clear Adani of blame, as his lawyer claimed after the report was made public? The answer does not quite blow in the wind.