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RBI’s huge surplus transfer: Largesse in need of an explanation A surplus of ₹2.1 trillion plus in 2023-24 to be transferred by India’s central bank to the government is eye-popping. A brief statement on the main sources of this upswell would have gone a long way to quell speculation.

Climate change and the sea: Watch out for global laws The UN Convention on the Law of the Sea (UNCLOS) is in focus. Advances in international environmental jurisprudence could mean more litigation between countries over the maritime impact of climate change.

Scarlett Johansson versus OpenAI: Human rights at stake OpenAI is accused of stealing the American actor's voice as if her consent is irrelevant. By taking the company on, the star of ‘Her’ is reminding the tech firm that it's dealing with a powerful woman, not a deferential chatbot.

India insured by 2047: Insurance companies must be profitable to achieve this For the insurance sector to attract more investor interest and expand coverage, its returns need to be impressive, but insurers need to fix what looks like a muddled business model. Any delay would make it harder to...

Let’s get real about promoter control of companies While minority shareholder rights must be protected, US-like regulatory carve-outs for promoter controlled firms could minimize false compliance and enhance financial scrutiny.

Marital rape is antithetical to equality and autonomy A Madhya Pradesh high court ruling has reignited India’s debate on the need to criminalize marital rape. Sadly, the Bharatiya Nyay Sanhita doesn’t reform the IPC’s exception that keeps it legal. Marital rape being legitimate not only...

Mint Quick Edit | RBI's surprise surplus transfer: Use it wisely The Reserve Bank of India decided to transfer a record surplus of ₹2.11 trillion to the government for 2023-24 even after raising its contingent buffer. Whatever led to the bonanza, the Centre should use it to reduce the fiscal...

Sebi’s open offer pricing tweak should boost acquisitions in India Market rules that let the open offer of a company acquirer ignore share price moves caused by information leaks should ease acquisitions and favour economic efficiency. But complexity may hamper the idea's implementation.

The AI race: OpenAI and Google are showcasing advanced AI models OpenAI’s GPT4o kicked off a wonder week with a demo of how human-like it is, while Google took up the gauntlet with Gemini and Project Astra. Ilya Sutskever's and other safety-focused researchers' departure from OpenAI signals a...

The secret to career success may well be off to the side The case for being more like a crab

Banks with politically exposed persons as customers must stay alert Power and corruption go together across a world rife with scruple-free politics, money laundering and worse. Banks should maintain a vigil to prevent their services from being used to facilitate illicit financial activities.

What does an emerging Squad in the Indo-Pacific mean for India? There was the Quad. Now there’ll be a Squad. This new mini-lateral grouping of the US and three of its Asian allies—Australia, Japan and the Philippines—could coordinate actions with the Quad for regional stability in the face of...

Electoral bonds case: Do not nullify past transactions Donors need clarity from India’s Supreme Court on whether this political funding scheme has been axed retrospectively. This is critical in the context of law amendments it found unconstitutional that cover corporate disclosure norms and...

Biden's industrial policy made America’s EV tariffs necessary Bidenomics aims to do two things that are in tension: Suppress carbon emissions via EV adoption and create high-wage manufacturing jobs. Once he subsidized domestic clean-tech, protectionist trade barriers had to follow. One bad idea...

The India-Iran Chabahar port project will test our diplomacy The death of Iranian president Ebrahim Raisi may prove a setback for India’s 10-year port agreement with Tehran. Blame inflamed geopolitics. The US may grimace at India-Iran relations, but New Delhi should press ahead with strategic...

Spare a thought for people who live amid heaps of urban garbage A little compassion and care in how we get rid of our waste is the least we could do for the ‘ragpickers’ who keep our cities clean. They also need welfare benefits and other public provisions.

Mint Quick Edit | Kashmir's Lok Sabha poll turnout is a good sign Improved voter turnout in J&K may reflect gains in public confidence. Will sub-national polls be held next?

America’s strong dollar: Would a Trump presidency weaken it? The US Federal Reserve is bent on keeping interest rates high to curb inflation, but the former president who may regain power appears to view currency strength as an export dampener. A weak-dollar policy can’t be ruled out.

Placing policy restrictions on open-source AI models will not help anyone Safety and geopolitical concerns in the US over the export of open-source LLMs (large language models) seem overblown. The technology's design allows quick detection and efficient correction of bugs. These AI models are...

Thailand's cannabis legalization policy needs reform and not a reversal Banning marijuana again will hurt those who’ve gained from its liberalization. If Bangkok’s easy-weed policy hasn’t worked out as expected, the drug needs better regulation, not rejection.