|
|||
 Last week, the new Minister for Civil Aviation, Mr. Vyalar Ravi was widely quoted in the media as saying that his “top” priority was to ensure that Air India regains its “lost glory”. Anywhere else, such a statement would have drawn criticism for its partiality towards a single player. However, >>read more…  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… 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… 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… In India, we have a habit of running to the government (or blaming them) every time something goes wrong. This is no doubt a result of our socialistic upbringing, a legacy most adult Indians find hard to shed – even the most die hard, born-again capitalists! Today, >>read more… During the budget speech (for FY10), the Indian Finance Minister Mr. Pranab Mukherjee, announced that India would move towards a uniform GST (goods and services tax) structure by April 2010. The benefits of such a system are many, proven elsewhere, and enumerated by numerous analysts and experts, and >>read more… |
 |
||
|
Copyright © 2012 ValueNotes Database Pvt. Ltd.|All Rights Reserved|Terms of Use |
|||
Recent Comments