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 Despite so much evidence to the contrary, our esteemed ministers remain ignorant about the positive effects of market forces. The latest example of this is the brouhaha (love the sound of that word) over domestic airfares. The Aviation Minister, Mr. Praful Patel publicly came out against the “exorbitant” airfares charged >>read more…  The IPO of SKS Microfinance has generated much angst amongst the righteous, Indian leftist fringe. And our financial press is only too happy to highlight their views, regardless of logic. After all, how can an institution that seeks to serve the poor, make so much profit? How dare they go >>read more…  A few days back, I learned that India is to host its inaugural Formula One (F1) race on October 30, 2011. The story begins in June 2007, when Mr. Suresh Kalmadi (of the Commonwealth Games (CWG) scam fame), the president of the Indian Olympic Association (IOA), signed a letter of intent >>read more… 
As India struggles to break out of poverty and accelerate growth, it faces numerous challenges. Among these, one of the biggest pain points is the complexity in acquiring land for projects of any kind – be it infrastructure or industry.
Land is a fundamental resource. >>read more… With the 2010 Commonwealth Games in Delhi just 70 days away, the abysmal state of preparedness is nothing less than shocking. Consider this: Most sporting venues, including the Jawaharlal Nehru Stadium (track and field) and the swimming complex will not be ready by the August 1 deadline. >>read more… 
India’s democracy has provided many “rights” and privileges for her citizens, some of which have been constitutionally or legislatively formalised, others more informal. But most of these rights are meaningless for a large chunk of Indians, the poor, homeless and landless.
Meaningless, due to a >>read more… In recent weeks, we have been treated to a debate about how one defines an Indian company. The debate was sparked by a statement from the Department of Industrial Policy and Promotion (DIPP), which said that ICICI Bank and HDFC Bank are “foreign-owned and Indian-controlled banks”. This would >>read more…  An article in the Mint (yesterday, 27 apr), highlighted the growing interest of fund managers in “clean energy” opportunities in India. The article quotes several investors, who provide reasons on why they think this is a “hot” sector. These range from high growth, near insatiable energy demand, government >>read more… The current spat between SEBI and IRDA not only exemplifies our shoddy policy-making, but also exposes how spineless our government can be. Especially when there are powerful lobbies on both sides. Surely, when we have two important government regulated regulators behaving like petulant, spoilt siblings, its time for the government to >>read more… 
Another budget come and gone. Now we can all get back to business! If ever there was a financial or economic equivalent of an IPL final or a Femina Miss India, it would probably be the Indian budget. First, for weeks, the media “builds” up interest, >>read more… |
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