Since most projects can be shifted to other states, the problem will be minimal, especially if industry can find ways to make farmers partners in their profits.
The environment for investment and business in many parts of India is far from satisfactory
The Bombay Stock Exchange's journey from being a brokers' club to becoming a professionally managed entity seems to have got derailed once again, with a spate of resignations in the past three months.
The high salary game perhaps made sense when there was an economic boom. Now as a slowdown looms, it makes sense for all companies to take a leaf out of ICICI's book and to do a reality check.
With high investment levels fuelling much of the current GDP growth, the impact of the credit squeeze is more than a matter of academic interest.
If the global economy slows down or slips into a recession due to high oil prices, that will eventually hurt all of us.
There is no doubt the oil companies are bleeding, but the issue is whether the government should also reduce the extra taxes it gets from high oil prices.
There are many issues that will have to be resolved before the committee's recommendations can be translated into practice. First, the backlash from clubby bureaucrats from the elite all-India services will have to be dealt with. Then, the experiment with a more flexible system and variable pay based on performance should not be introduced across the board, but tried out in a dozen or two enterprises, to see how it works in practice.
The Delhi State Consumer Disputes Redressal Commission's decision to fine mobile phone firm Vodafone Rs 50 lakh (Rs 5 million) for offering prizes of gold coins and a Maruti SX4 as part of a promotional scheme is something all marketers in the country would do well to pay attention to.
The political exigencies are, unfortunately, likely to overwhelm the need for undoing the damage to the agricultural credit sector. At stake, therefore, is the much-needed resurgence of the Indian agriculture.
Inflation is far too important a problem to have to rely on an inadequate and, ultimately, unreliable database for solutions.
A repo rate hike may hurt growth far more than it will help deal with an inflation rate that is already dropping.
