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March 29, 2013
COLUMN: The vexing issue of 3G roaming
The Department of Telecommunications' restriction on this service flies in the face of both policy precedents and market logic. How slums in India can be made LIVABLE
Slums in urban India symbolise both hope and despair.
March 26, 2013
Why India needs to create job opportunities URGENTLY
The growth path going forward has to absorb the new entrants into the labour force, which are estimated at 4.5 million annually in the 12th Plan document.
March 25, 2013
World markets treading on eggshells
One cannot avoid the sense that the mother of all corrections is due any time now, says Sonali Ranade Why investors' perception towards gold should change
Making a call on gold price trends through 2013 will be a toss-up. The economic side effects of political INSTABILITY
Taking a cue from the UPA's recent tussle with the DMK, foreign investors may consider selling into rallies in the future.
March 22, 2013
COLUMN: Food security or dole?
There is a vast grey area between a bill that promises to ensure that no one goes hungry and the political economy of producing food, writes Rajni Bakshi.
March 21, 2013
India's growth story: Is the worst over?
Growth revival will be more tentative, inflation sharper, and external pressures more acute than pronouncements suggest. The 'invisible hand' of the government
When we have 30,000-plus colleges and scores of research labs, why is it that we do not produce a steady stream of Nobel Prize winners?
March 20, 2013
US, EU markets continue to make new highs
Investors in India have a great buying opportunity in cyclical stocks that have completed their long corrections from the peak of 2007, says Sonali Ranade
March 19, 2013
Anji Reddy, healer extraordinaire
Dr Reddy, an innovative technocrat par excellence, led from the front the countless initiatives of his famed laboratory in discovering many effective, affordable, cures for the numerous ailments of mankind, writes Shreekant Sambrani. Why gold is NOT the villain in India's growth story
Instead of worrying about imported gold, FM should broaden the tax base to dispel concerns about govt-driven inflation.
March 18, 2013
Money laundering: Switzerland's envy. India's pride?
Several corporate, including some airlines, software and even consulting companies operate in India with dodgy secretive and multi-layered ownership patterns. Can Sebi bring Sahara Group to justice?
Sebi's action on Sahara is showing results, but problems remain. Money laundering: Banks must restore public TRUST
Both the regulator and bank managements will face the challenge of restoring confidence.
March 15, 2013
How to make India a better place for business
As concerned Indians we need to ask what can be done in the short term, which does not require legislative approval to enhance investment. Why Indian Railways continues to remain INEFFICIENT
The finances of the Railways are in dire need of repair.
March 14, 2013
COLUMN: Seeking shared value
Many people, not only in business but in society at large, still see progress and social justice as an either-or choice, writes Rajni Bakshi. Why govt forcing corporates for charitable work is good
Many businesses use charitable work to get project clearances and deviate people from bad publicity. Making corporate social responsibility mandatory would lower such misuse.
March 13, 2013
Interest rates: Is the UPA goofing up big time?
If Indian banks do not fix the right interest rates on deposits, they run the risk of dynamiting the social security of ordinary Indians.
March 11, 2013
A short life span for modern cars, machines!
All machines will go the way of all flesh - and the more modern the machine, the sooner it will do so. India's agriculture is NOT just about suicides
Most people don't know that India is an agricultural power in world markets, says T N Ninan. Mexico next breakout nation, says Kenneth Rogoff
Mexico is moving away from dependence on oil revenue, and is positioned to be the next breakout nation, says Kenneth Rogoff. Trapped bears can fuel the rally in the US much further
Setting bear traps is the common tactic to extend rallies at tops because bulls don't have to use their own cash to fuel such rallies, says Sonali Ranade
March 09, 2013
COLUMN: Obsessing about GDP growth
True sustainable growth can come only through an increase in productivity, and such increases can happen only through innovations, technical and organisational, in all sectors of the economy - industry, services and agriculture, writes Ajit Balakrishnan.
March 06, 2013
COLUMN: Budget 2013 - An elaborate exercise in denial
Thanks to policy paralysis at the Centre, we are doing exactly the opposite of what the doctor prescribed, writes M R Venkatesh.
March 04, 2013
COLUMN: FM flatters, but Budget deceives
The Budget is disappointing because it refuses to fundamentally repudiate fiscal populism. COLUMN: The freebie nation
Despite warnings from a parliamentary panel, the list of tax exemptions in 2012-13 shows a rising trend.
March 01, 2013
Budget: A victory for pragmatism and realism
The minister learns from Europe's economic suicide, and pulls off a difficult balancing act. Budget 2013: Just words, no action
The FM wants credit for acting on environment, but does the wrong things.
February 28, 2013
Budget is immoral, anti-environment, anti-citizens
Collusion between ruling parties, corporate donations under Companies Bill is hidden. Environmental concerns made subservient to Cabinet Committee on Investment and regulatory agencies made toothless. Promotion of hazardous technologies for generating power from waste is anti-public health, say activist Gopal Krishna. An 'election' Budget that may not work for anyone
A lacklustre Budget from which we have to take what little comfort we can in feeling that it could have been a lot worse. But is the 'worst over' and will India would clock a growth of 6-plus percent next year? Unlikely, says Shreekant Sambrani.
February 27, 2013
Budget 2013: Economy in 'rudali' mode. PM in silent mode
Isn't it funny that we are importing in excess of $50 billion of gold every year while simultaneously pleading with foreigners to invest a few billions.
February 25, 2013
NIFTY has anticipated the correction in world markets
Investors should use the correction to buy in looking to individual stocks and not the indices, which are more sentiment indicators rather than that of value, says Sonali Ranade Why privatising poorly run banks is a must
The critical task facing Indian banking is to quickly improve the risk-assessment capability of the state-owned banks, which account for three-quarters of all banking; and if that fails, then to privatise them.
February 22, 2013
Countries need to focus on growth now, austerity next
The latest G20 communique prescribes falling back on fiscal policy to hasten the global economic recovery.
February 20, 2013
COLUMN: Mind the expenditure cut
The United Progressive Alliance government will present its 10th Budget next week. No quick fixes for high growth
The Indian economy suffers deep structural flaws that piecemeal measures in the Budget are unlikely to solve. COLUMN: How India can alleviate poverty?
There are a number of problems that plague the implementation of MGNREGA, including corruption, administrative paralysis and other hardy perennials. Massive amounts of funds on this scheme remained unspent in 2010-11 and 2011-12.
February 19, 2013
Why Nasscom needs to focus on start-ups
The traditional model of IT is being commoditised and players are losing margins. Industry needs to focus on innovation-based start-ups for next round of growth.
February 18, 2013
COLUMN: Is multilateralism dying?
Even the US, whose dominance over global commerce since World War II is being challenged for the first time, is striving to expand its bilateral commerce with China. Budget 2013: Beware of the HYPE
It is not a one-off 'fix' for the Indian economy. Top 15 INFRA must-dos of the 12th Plan
The 12th Five-Year Plan points out crucial interventions to achieve 'sustainable and inclusive' infra targets. UPA government: A decade of DECAY!
The two decades of our "spectacular economic progress" has side-stepped vast swath of our underprivileged that oscillates between twenty per cent and one-fifth of our population! A correction is about to begin in world markets
The next correction is less about cash flows to corporates and more about relative risk asset valuations as currencies settle down to a new trading regime, says Sonali Ranade
February 15, 2013
Are exit interviews a fuzzy exercise?
Most companies still treat exit interviews as a fuzzy exercise It's your last day, actually hour, in the office.
February 13, 2013
COLUMN: Do more with less GDP
The slide in India's growth rate over the last five quarters, with the figure for the current year (2012-13) now projected to touch a 10-year low of five per cent, has thrown those who used the gross domestic product benchmark in the past to claim exceptional performance into a tizzy. COLUMN: One Billion Rising
The underlying issues of male domination and the urgent need for a 'feminisation' of society and economy are much more difficult to tackle, writes Rajni Bakshi.
February 12, 2013
Economic slowdown: Will the PM take the BLAME?
M R Venkatesh tells us why the UPA under the leadership of Dr Manmohan Singh is akin to a terminally ill patient on a ventilator.
February 11, 2013
Is the NIFTY being set up for a crash by February-end?
Investors should use the rally to clear the garbage and create a cash cushion. Correction in the mid-cap space could be very brutal, says Sonali Ranade
February 08, 2013
UPA's MISMANAGEMENT of the economy laid bare
India's problem cannot be blamed on external considerations alone.
February 07, 2013
Price pooling of coal is a bad idea
It is more than certain that coal supply is a major constraint on power production; and power is a major constraint on industrial growth. Realising India's industrial dreams
The causes for and solutions to India's manufacturing angst may not lie in high land costs, excessively labour-friendly laws or excessive taxes.
February 05, 2013
Reforms are fine; real economy needs greater attention
The finance minister is out attracting investment in the country but in absence of a land acquisition policy; foreign investment will continue to suffer as it did in case of Posco and Vedanta.
February 04, 2013
World markets make new highs while NIFTY retests 5950
NIFTY appears determined to retest the break point as support, which is a healthy sign -- provided it holds. Should it do so, NIFTY too will join the other markets to reach for new highs, says Sonali Ranade
January 31, 2013
Ambani, Tata: Executioner vs. innovator
Here is why Indians prefer leaders with efficient execution capabilities than one who has innovative skills.
January 29, 2013
Does the market like dirty money more?
In 2012, partly due to stringent disclosures, P-note custody inched up from Rs 1.51 lakh crore (Rs 1.51 trillion) to Rs 1.77 lakh crore (Rs 1.77 trillion), an increase of 17 per cent. COLUMN: Win-win deal in sustainable energy
Sustainable Energy Bond programmes is an approach that comes with a business model that satisfies all stakeholders on the good old fashioned single bottom line of money - while also offering social and environmental benefits, writes Rajni Bakshi.
January 28, 2013
FM's roadshow: Hints at new taxes in upcoming Budget
The various statements attributed to Chidambaram during his meetings with investors in Hong Kong and Singapore reveal a lot about the broad trend of ideas that would influence his next Budget. Russel 200 shows massive breakout in US midcaps space
The midcap space in the US is red hot. The Russel 200 Index that represents 2000 names in the US midcap space closed the week at 905.24. Recall, the same index topped at 856 in the bull market that ended in 2007. So in fact the midcap index has already made a new high some 5.7 pc over the 2007 peak, says Sonali Ranade
January 25, 2013
Why RBI will cut rate
The central bank has clearly signalled the conditions under which monetary easing would take place early this quarter. And, current conditions meets the RBI's paramters Why entrepreneurs will struggle to make it big in India
India's inability to set up new projects means older, inefficient companies reap windfall profits while new businesses will struggle.
January 24, 2013
Why stock markets are gaining while economies struggle
Changes in the economic environment have altered the dynamics of stock markets. In the recent past, they have started defying investment fundamentals.
January 23, 2013
Road ahead isn't that bumpy thanks to Chidambaram
It is not just a mere coincidence that the change in the government's response happened when Chidambaram took charge. Column: Is the MODI miracle overrated?
On an important governance measure, there is a Nitish Kumar effect, a Naveen Patnaik effect, but no Modi effect.
January 22, 2013
COLUMN: All about India's firmer eastward gaze
Leveraging Indo-Asean trade talks means a stronger Look East policy. Why dual pricing of diesel will CAUSE problems
The current complex pricing of diesel will give rise to bribery and law-breaking.
January 21, 2013
No arguing with markets making new highs but caution advised
Enjoy the ride but avoid getting greedy. Disciplined profit-taking is a must to survive in the treacherous markets ahead, says Sonali Ranade Why an illegal telephone exchange in Maran's house?
The startling details of a secret and possibly illegal telephone exchange set up in the residence of former telecommunications minister Mr. Dayanishi Maran in Chennai are in public domain for over three years. Truths investors won't tell FM on his Singapore trip
India needs administrative reforms that make it easy for investors to do business in the country. Currently, it is more difficult to do business in India than in Rwanda, Pakistan, Nepal, Kenya, Nigeria and Bangladesh.
January 18, 2013
Are Indian CEOs OVERPAID?
PM raised the CEO salary issue couple of years back. RBI and Sebi, too, flagged it recently. Are companies really paying their CEOs more than their counterparts elsewhere? Freedom for oil firms welcome but must be real
Those losses, or 'under-recoveries', are of course eventually covered partly by the central government, and are the most potent contributor to India's problems with its fiscal deficit.
January 14, 2013
Why some reforms on anvil are not good
While government should be appreciated for recent reforms, some on the anvil seem ill considered. These include higher tax rates above an income threshold, the re-introduction of the estate duty, and higher import duty on gold. Indian economy - A VICTIM of two experiments?
India's monstrous public distribution system ensured that the government, and not private players, became a huge hoarder of food grains. Rally in world equity markets continues
The Indian markets are poised on a knife's edge testing the pivotal level of 5950, this time from the topside. Should the level hold, expect further rally to the topside, says Sonali Ranade
January 11, 2013
IITs can't expect govt funds forever
The decision by the Indian Institutes of Technology ( IITs) to increase tuition fees by 80 per cent from Rs 50,000 to Rs 90,000 per annum is a welcome step in correcting the fee distortions prevalent in most state-owned higher education institutions. Why govt showed the door to RBI Dy Governor
Gokarn probably became the fall guy for resisting calls for interest rate cuts by the government and industry lobby groups, despite uncomfortably high inflation and/or for depreciation of rupee.
January 10, 2013
Why govt should not hike the tax rate for rich
Reducing tax evasion will help government to earn more revenues. Why government needs to depoliticise rail fare hikes
There is no reason why railway fares and freight rates should not be fixed on the basis of commercial principles, as is done with other transport services.
January 08, 2013
India gets the wrong end of trade deals
Data show that preferential treaties have facilitated more imports than exports. The BIG problem Indian economy faces
While much attention has been devoted to interest rates and industrial revival, the bigger problem for the economy could be its external vulnerability.
January 07, 2013
Sensex SWINGS: What lies in store?
Not only has the Sensex swung wildly in the interim, staying below 10,000 for months in late 2008, but the market's winning stocks have changed in composition and character. Expect Nifty and world markets to rally sharply
NIFTY has now moved into a bull phase though there will be corrections on the way, but some of these could well be running corrections, says Sonali Ranade How alarming is India's current account deficit?
The Fisc and savings-investment gap lie at the heart of policy responses. Column: License Raj is DEAD. Licensor is NOT
The near decade of India under Dr Singh has convinced most that India is an Absentee State, where governance is grossly missing and rule of law virtually non-existent, writes M R Venkatesh.
January 03, 2013
Tata's remarkable ROLE in rise of Indian business
Ratan Tata demitted office as chairman of the Tata group in a blaze of congratulatory comment that, in a sense, says much about the strengths and weaknesses of Indian business in a globalised world.
January 01, 2013
US equity markets at a critical juncture
The only matter for speculation is if the markets will make a new high before turning down or simply slip unceremoniously anytime now, says Sonali Ranade
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