From the historical precedent for budgets presented after a contraction in the economy to what unicorns' coming of age means for big business and retail investors, here's what Business Standard columnists wrote this week. 


BS Views of the Week: Dark clouds and silver linings

He added that just as India leapfrogged to mobile technology, the country should also shift faster to accelerated computing rather than general-purpose computing

The Enforcement Directorate Friday said it has conducted searches against the promoters of a company that collects safari fee at a tiger reserve in Maharashtra for alleged fraud of Rs 12 crore with the state government.
The raids were carried out between January 8 and 9 at seven premises in the adjoining districts of Chandrapur and Nagpur related to Abhishek Vinodkumar Thakur and Rohit Vinodkumar Thakur, owners of the company named Wild Connectivity Solutions (WCS), and their related entities, the federal agency said in a statement.
WCS was engaged by the Tadoba Andhari Tiger Reserve, through a service-level agreement of December 2021, to provide uninterrupted services to visitors, including collecting entry fees, gypsy charges and guide charges, the ED said.
"However, the company owners (Abhishek Vinodkumar Thakur and Rohit Vinodkumar Thakur) violated the terms of the agreement and cheated the Tadoba Andhari Tiger Reserve Conservation Foundation to the extent of Rs 12.15 crore duri

The agency claimed the directors of WCS utilised the "fraudulently" gained amounts for acquisition of personal properties and for payment of past loans availed in the name of other entities

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A Delhi court on Friday directed the CBI to give a three-day prior written notice to Congress MP Karti Chidambaram in a fresh corruption case alleging he gave relief to a liquor company over the duty-free sale of its whisky.
Special judge Kaveri Baweja passed the order while directing Chidambaram to join the investigation and cooperate in the process as and when required by the agency.
The judge was hearing Chidambaram's anticipatory bail plea in the case.
"The investigating agency shall give three-days written notice prior to the applicant in case his arrest is required after he joins the investigation of the case upon return to the country on January 12, 2025. The applicant shall join the investigation of the case upon his return to the country and cooperate in the process of investigation, as and when so required in accordance with law," the judge said.
The CBI registered the case against Chidambaram for allegedly giving relief to Diageo Scotland over a ban imposed by ITDC (Indi

Special judge Kaveri Baweja passed the order while directing Chidambaram to join the investigation and cooperate in the process as and when required by the agency

ISRO Chairman S Somanath said on Friday that industries have a phenomenal role to play in achieving India's Space Vision 2047, rolled out by Prime Minister Narendra Modi. ISRO chairman-designate V Narayanan also echoed the same view.
In his pre-recorded inaugural speech, at the biennial National Aerospace Manufacturing Seminar (NAMS) 2025, Somanath said that the industries will face significant challenges as their collaboration with the space programme is going to increase substantially.
One of the challenges would be the regular production of rockets, satellites and other systems required for the space programme and the other would be engineering, manufacturing and supplying items like new space crafts and systems, miniature electronics, large propulsion tanks and engines, he said.
"They have to be produced in numbers to meet the tight schedules," he added.
He said the task was a huge one as the strength of the space community in the public sector was not increasing ...

Narayanan was also not present in person and a pre-recorded speech by him was played at the seminar where he said that material and manufacturing teams have a crucial role to play in the space program

The official said around 35,000 customs cases, involving over around Rs 50,000 crore are currently pending across various courts

In a significant reshuffle within the Finance Ministry, senior IAS officer Arunish Chawla has been reassigned from his position as revenue secretary to head the Department of Investment and Public Asset Management (DIPAM), a move which comes three weeks ahead of the Union Budget.
DIPAM secretary Tuhin Kanta Pandey has been appointed as the new revenue secretary in place of Chawla, according to a personnel ministry order. Pandey is also the finance secretary.
The changes come at a time when the Finance Ministry is working on the the Union Budget, scheduled for presentation on February 1. Wednesday's reshuffle is seen as the government's strategic adjustments as it gears up for the crucial financial planning period ahead.
Chawla, a 1992-batch Indian Administrative Service (IAS) officer of Bihar cadre, was appointed as the revenue secretary only on December 25 last year. He was then working as the Secretary, Department of Pharmaceuticals.
He will also hold additional charge of the pos

DIPAM secretary Tuhin Kanta Pandey has been appointed as the new revenue secretary in place of Chawla

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BS Views of the Week: Dark clouds and silver linings

From the historical precedent for budgets presented after a contraction in the economy to what unicorns' coming of age means for big business and retail investors, here's what Business Standard columnists wrote this week.

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