The Bill is a great move in the right direction, but just merely passing it may not ameliorate all the pains of the data principal in several instances, specifically related to social media.
Official “trends” that show India is moving more towards a formal economy, with the unorganised sector shrinking, may have overlooked starvation deaths in the MSME realm.
The Covid-19 pandemic will feel like a mild shiver down the spine of the world’s financial markets if China’s second largest real estate developer Evergrande defaults. This will be comparable to the subprime disaster of 2007-08.
The big talk about huge loans being given to this sector is no more than just that, big talk. It seems India has patience only for multi-billion dollar organisations and not for those who provide sustenance for most of the workforce of the country.
Here are some sobering bits of information. Afghanistan has now endured two decades of horrifying war and brutality under the Taliban, followed by another two decades of American “occupation”, purportedly to the benefit of the common man, and to help set up a legitimate government. Yet, the country now descends into god knows how many years of complete chaos under the Taliban, again.
The fallout from the revelations about the Pegasus spyware allegedly being used to snoop on Indian political leaders continues to create waves around the world. What are the implications for India?
The imposition of a global tax rate of at least 15 percent on multinationals by G20 finance ministers recently is a positive effort to deter tax dodging and end tax havens. But it remains to be seen how the contemplated tax structure will be implemented.