The 2009 Magsaysay Award winner explains why he thinks the NREGA is critical.
Associations with board-level representation may sound radical but they aren't such a bad idea.
The time will come when Indian readers will head that way too, so India Inc will have to rethink traditional ways of controlling information flows.
Industrialisation in India is increasingly acquiring the characteristics of crony capitalism in which states are perceived to be ganging up with businessmen at the cost of the aam aadmi
Given the very fluid state of national politics where a party can emphatically say diametrically different things at different times, it is hard to understand the basis on which brokers made this judgment.
The surprise was Conde Nast Portfolio's topper for the world's best-ever CEO. It was Henry Ford, founder of Ford Motors. There is no doubt that Ford was a great entrepreneur and business visionary. But, with the hindsight of almost a century, it is worth questioning whether he was a good CEO. Ford could easily have won the accolade in his lifetime for revolutionising the personal transportation industry with the Model T.
The value for companies whose brands become local default names can be huge, says Kanika Datta.
To be fair, the problem of inadequate healthcare does not lie with these hospitals themselves but in the manner in which they have been allowed to function by the government.
Acquiring new customers is important, but surely hard times provide an opportunity to ensure that existing ones are happier (management consultants call them 'sticky customers'), asks Kanika Datta?
Many businessmen have extracted generous concessions from one government, only to see their businesses at risk when it is replaced by another, less friendly regime.
The corollary of a bailout is government say in management.
Raghuram Rajan, the PM's honorary economic advisor, said in 2006, 'It is important for India to exchange its paternalistic, directive government, which seeks to remedy every wrong through a subsidy, a quota, or a scheme, for one that creates an enabling environment for the people and unleashes their entrepreneurial zeal.' Two years later, his words seem prescient. But how much of what he says should be done will be done by the government in the limited tenure it has left.
Three alternative approaches under consideration envisage addressing the flaws of the domestic market, broadening the foreign institutional investor framework and replacing the FII regime with a QFI framework. By reducing the complexity of obtaining permits, foreign investors will be encouraged to us onshore Indian stock market platforms. Individual investors will be allowed to trade on Indian bourses by opening a demat account and a bank account.
The decision by the Union government and the Reserve Bank of India to infuse Rs 1,25,000 crore (Rs 1,250 billion) into the banking system in the last two weeks alone is unlikely to fuel inflation, say economists, since this infusion will only meet the basic demand and not lead to a spillover.
The government is discussing a number of policy measures to insulate India from the impact of the global financial crisis including further banking reform, industrial de-control, auctioning all loss-making public sector units, foreign investment in retail, amending labour laws and notifying important pending legislation like the Delhi Rent Control Act.
Having made no headway to amend a 26-year-old double taxation avoidance agreement with Mauritius, the finance ministry has hardened its stance against broadening India's economic engagement with the island nation.
In effect, the government proposes to relax the norms with regard to foreign participation in multi-brand retail by opening up these specialised sectors, while keeping grocery and consumer goods retail out of bounds. The move comes months after the Left parties, which were opposed to any relaxation of FDI norms for the retail sector, pulled out of the United Progressive Alliance government.
Move to make investing in sectors with FDI cap easier.
The relaxation will apply to those sectors that have composite caps (foreign direct investment or FDI plus FII). "The move will not impact sectors like banking and insurance which are governed by Acts of Parliament. However, sectors with composite caps which see administrative control like telecommunication services, broadcast services like direct-to-home and FM radio will benefit," a Delhi based FDI policy expert told Business Standard.
Mobile telecom service providers are up against a new problem -- unidentified operators have been found to take out subsidised handsets from their 'bundled' connections and ship them to overseas markets at significantly higher prices.
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