Court documents show that the Kerala government, whose case was treated as the 'lead case' among all the petitions filed against Adani, made four allegations to convince the court to cancel the contract for the Thiruvanathapuram airport. The state's legal team couldn't substantiate most of these allegations with documentary proof and its self-defeating arguments in court failed to convince the judges to cancel the contract given to Adani. The battle for the Thiruvananthapuram airport between the Communist-led Kerala government, the Adani group and the Modi government over the past year hasn't had a dull moment since the proceedings began. Claims of a smoking gun turned out to be a damp squib, says Sai Manish.
In the context of market integrity, the IRAI and RBI should go over the minutes of the LIC and SBI board meetings when the decisions to invest in Adani equity or debt were taken, notes Jaimini Bhagwati, former World Bank treasury professional.
'Now is the time for India to course correct and for the government also to course correct,' says businessman Mangesh Khatri.
India will need an annual investment of Rs 15 trillion in infrastructure over the next five years, says Chandrajit Banerjee, DG, CII.
The future certainly looks good for Bangalore.
'I feel more like a chess player, thinking for long hours how to make the next move," Telecom Secretary Aruna Sundararajan tells Surajeet Das Gupta.
'The two-word answer is: Proper oversight,' says T N Ninan.
20 new industrial clusters will be developed in 2014-15.
Modi govt must bring about reforms to kick-start big-ticket infra projects.
India must change approach and have better access to networks to fulfil its digitisation dream.
The disappointment of the year is government's failure in finalising the re-drafted aviation policy.
'The accusation that Pakistan risks losing sovereignty to China is emotive and has the potential to spread.' 'China will, however, remain intent on achieving its strategic ambitions of acquiring Gwadar port and securing a large chunk of Pakistan occupied Kashmir,' says former RA&W officer Jayadeva Ranade.
Govt keen to revive business sentiment in india.
Ajit Balakrishnan reflects on pariahs, small businesses, and blockchains.
Overseas airlines can operate unlimited number of flights into and out of India.
'The approach towards Mallya is not right because his unit could have been turned around earlier with additional funds from his side and the bank's side.'
The government has provided a long-term vision.
Indian economy about to take-off