Monday, October 26
With India moving towards the creation of tri-service theatre commands, the Army has adopted a radical change in the promotion policy for top officers by making it necessary for all Lieutenant Generals to be graded on their performance through a “quantified assessment system”, says a TOI report. This new system, which will come into force from March 31, will “facilitate merit-based selection” of serving Lt-Gens for apex-level appointments in the integrated theatre commands and tri-service establishments, sources told TOI.The updated policy for lieutenant generals, which includes "revised annual confidential report (ACR) forms," will exclude the vice chief and the commanders-in-chief of the Army's six operational commands and one training command. Although these eight officers hold
Brokerage CLSA said Nifty's absolute returns would be muted in 2025 as share valuations remain well above their long-term averages and their peers amid an uncertain and risky global environment. The firm said incoming US President Donald Trump's policies on export-focused emerging markets like India and China, uncertainty around interest rate cuts, and a rising dollar may impact the markets.It remained overweight on commodities and insurance; while IT, discretionary, industrials, and healthcare are its big underweights. The firm cut its overweight rating on banks.The brokerage sees valuations of many large-cap consumption stocks trading at much lower premiums to historical averages than the premium seen in investment and capex stocks."Capex spending by both central and state governments ha
If India is to become a flourishing country, it must address issues like "inequality", provide access to basic healthcare and education, and offer skills and training to the youth, Tata Sons chairman N Chandrasekaran said here on Saturday. The top industrialist, speaking at the Global Alumni Meet (GAM2025) of NIT Tiruchirappalli, said the country is uniquely positioned to capitalise on global uncertainties, with some of the major transitions currently underway playing to India's strengths. "Things we need to address if we want India to be a flourishing country are inequality-inequality in every sense. In simple terms, the per capita income in southern states is four times that of the eastern and northern states. We need to fix this inequality," he said. Elaborating on his point, he said th
