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The dissolution of the Foxconn-Vedanta joint venture is a setback for India’s ambitions to become a semiconductor manufacturing hub. In this context, our lead editorial notes that India would do well to keep trying to gain a foothold in this area, given that even domestic demand could exceed $60 billion by 2030. But it may have to reset the timelines and review its policy to attract another round of proposals. Read here.
The second editorial talks about India’s unpreparedness to cope with floods, and notes that setting up an experts’ panel to prepare a national flood control plan may be worth considering. Read here
In other views:
The rollback in tax collection at source for remittances reveals a pre-reform mindset of tax collectors, writes A K Bhattacharya. Read here
My column highlights why the US dollar will remain a dominant currency in the foreseeable future. Read here
