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Policy
![Need to limit, streamline independent directors' liability: CII to govt](https://web.archive.org/web/20210314140324im_/https://img.etimg.com/thumb/msid-42031747,width-160,height-120/etlogo.jpg)
Need to limit, streamline independent directors' liability: CII to govt
The government recently concluded the exercise of decriminalising the Companies Act, 2013. In this connection, CII has submitted a Paper to the Ministry of Corporate Affairs highlighting matters with respect to framework for settlement of offences; liability of independent directors; vicarious liability, etc.
![Drastic changes in monetary policy framework can upset bond market: Rajan](https://web.archive.org/web/20210314140324im_/https://img.etimg.com/thumb/msid-42031747,width-160,height-120/etlogo.jpg)
Drastic changes in monetary policy framework can upset bond market: Rajan
Rajan, also a noted economist, opined that the government's ambitious target to make India a USD 5-trillion economy by 2024-25 was "more aspirational, rather than a carefully computed one even before the pandemic".
![Clean water in all homes is Modi’s next big election play](https://web.archive.org/web/20210314140324im_/https://img.etimg.com/thumb/msid-42031747,width-160,height-120/etlogo.jpg)
Clean water in all homes is Modi’s next big election play
Access to water is becoming an urgent political issue: The govt's planning body projects demand will be twice the available supply by 2030, leading to shortages for hundreds of millions that will hurt growth. The 2018 report said India was “suffering from the worst water crisis in its history and millions of lives and livelihoods are under threat.”
![How 100 unicorns are propelling India forward](https://web.archive.org/web/20210314140324im_/https://img.etimg.com/thumb/msid-42031747,width-160,height-120/etlogo.jpg)
How 100 unicorns are propelling India forward
Never before has India witnessed such a broad-based upsurge of massive new businesses unconnected with old wealth, political contacts or dirty deals with public sector banks. The unicorns have raised billions of dollars from global investors keen to invest not in venerable names but newcomers with ideas capable of dominating the 21st century.
![India’s move to deter digital monopolies may hit Amazon, Walmart](https://web.archive.org/web/20210314140324im_/https://img.etimg.com/thumb/msid-42031747,width-160,height-120/etlogo.jpg)
India’s move to deter digital monopolies may hit Amazon, Walmart
The draft rules seek to prescribe a code of conduct for online retailers and define cross-border flow of user data, according to a note titled Draft Ecommerce Policy, a copy of which was seen by Bloomberg News.
![View: How India can address issues that may dent its post-Covid growth](https://web.archive.org/web/20210314140324im_/https://img.etimg.com/thumb/msid-42031747,width-160,height-120/etlogo.jpg)
View: How India can address issues that may dent its post-Covid growth
Real growth comes from four different sources — consumption, investment, government expenditure and net exports. Since there is a lot of uncertainty around the external sector, if India has to grow, it must rely primarily on consumption, investments and government expenditure.
![World Bank's Deepak Mishra appointed as ICRIER director, chief executive](https://web.archive.org/web/20210314140324im_/https://img.etimg.com/thumb/msid-42031747,width-160,height-120/etlogo.jpg)
World Bank's Deepak Mishra appointed as ICRIER director, chief executive
Mishra has held various positions at the World Bank, including co-director of the World Development Report 2016 (Digital Dividends), Country Economist for Ethiopia, Pakistan, Sudan and Vietnam, the ICRIER statement added.
![Indian private sector wealth creators need a mindset change: Krishnamurthy Subramanian](https://web.archive.org/web/20210314140324im_/https://img.etimg.com/thumb/msid-42031747,width-160,height-120/etlogo.jpg)
Indian private sector wealth creators need a mindset change: Krishnamurthy Subramanian
"Crony capitalism and profiteering is not consistent with ethical wealth creation. This is a mindset change required in the private sector," Subramanian said, with a specific reference to the huge gap in private sector and public sector healthcare cost.
![Proposed bad bank can only be used as a one-time tool to clean up banks' balance sheet: CEA KV Subramanian](https://web.archive.org/web/20210314140324im_/https://img.etimg.com/thumb/msid-42031747,width-160,height-120/etlogo.jpg)
Proposed bad bank can only be used as a one-time tool to clean up banks' balance sheet: CEA KV Subramanian
The Union Budget for FY22 proposed the setting up of a bad bank in the form of an asset reconstruction company or an asset management company. Although the structure is not finalised, banks are likely to transfer their stressed loan seets to this entity, instead of selling bad loans. The bad bank would restructure them and sell them to investors.
![Centre to ensure safeguards to prevent data misuse, according to draft e-commerce policy](https://web.archive.org/web/20210314140324im_/https://img.etimg.com/thumb/msid-42031747,width-160,height-120/etlogo.jpg)
Centre to ensure safeguards to prevent data misuse, according to draft e-commerce policy
The draft has stated that sharing of data for industrial development would be encouraged and regulations for data will be provided for the sharing mechanism.
![Transport Ministry proposes de-registration of government owned vehicles after 15 years](https://web.archive.org/web/20210314140324im_/https://img.etimg.com/thumb/msid-42031747,width-160,height-120/etlogo.jpg)
Transport Ministry proposes de-registration of government owned vehicles after 15 years
The ministry of road transport and highways on Friday issued a draft notification, proposing that registration of motor vehicles owned by Central government, State or Union Territory governments, local government institutions, PSUs, State transport undertakings, autonomous bodies with central or State governments, will not be renewed after 15 years.
![India uses digital banking and biometrics to organize its 1.3 billion population](https://web.archive.org/web/20210314140324im_/https://img.etimg.com/thumb/msid-42031747,width-160,height-120/etlogo.jpg)
India uses digital banking and biometrics to organize its 1.3 billion population
India’s public digital infrastructure — in many ways, an immense online bureaucracy — is an outlier to this principle. The effort was written-off in the short run, but, less than a decade after it was introduced, it has mobilized technology at the grass-roots, tapping into the country’s huge domestic potential. India is now ready to share its experience with the developing world.
![Finance Ministry writes to Sebi, 'requests' agency to withdraw perpetual bond rule](https://web.archive.org/web/20210314140324im_/https://img.etimg.com/thumb/msid-42031747,width-160,height-120/etlogo.jpg)
Finance Ministry writes to Sebi, 'requests' agency to withdraw perpetual bond rule
The ministry's objection is to the rule that requires debt mutual funds to value perpetual bonds as a 100-year instrument from April 1. Fund managers too had raised concerns over this.
![Cryptocurrency in India: Don’t bite it, make it legit](https://web.archive.org/web/20210314140324im_/https://img.etimg.com/thumb/msid-42031747,width-160,height-120/etlogo.jpg)
Cryptocurrency in India: Don’t bite it, make it legit
The tussle between sovereigns and crypto communities will play out over the next few decades, and intensify as crises strike, governments run of ideas and mismanage economies, and central banks appear less and less powerful.
![Inter-Ministerial meeting on draft e-commerce policy on Saturday](https://web.archive.org/web/20210314140324im_/https://img.etimg.com/thumb/msid-42031747,width-160,height-120/etlogo.jpg)
Inter-Ministerial meeting on draft e-commerce policy on Saturday
The meeting aims to factor in issues of important national consideration in the e-commerce policy that seeks to set up a regulator for the sector and implement a new law to restrict the data e-commerce entities can store, use, transfer, process and analyse.
![No proposal at present to revisit coverage of people under NFSA: Food Secy](https://web.archive.org/web/20210314140324im_/https://img.etimg.com/thumb/msid-42031747,width-160,height-120/etlogo.jpg)
No proposal at present to revisit coverage of people under NFSA: Food Secy
Food Secretary Sudhanshu Pandey on Friday said the government has no proposal at present to revisit the coverage of people benefiting from the National Food Security Act (NFSA) saying it cannot be done "arbitrarily".
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