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CAG on spectrum auctions: Govt did nothing to bust telcos’ cartel
For the United Progressive Alliance, telecom is turning out to the quicksand which is pulling it down to nadir of ignominy. The Comptroller and Auditor General (CAG) has again criticised the actions of the government and private telecom companies in the recently concluded spectrum auctions. According to media reports, the CAG has #CAG #ConnectTheDots #DoT #Kapil Sibal #SpectrumAuctions #telecom
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In India, whistle blowing is all about writing anonymous letters
Mention whistle blowing and the first name that comes to mind in India is probably that of Satyendranath Dubey, a project manager with NHAI who was shot dead in 2003. Dubey had written a letter to then Prime Minister Atal Bihari Vajpayee, informing him of widespread irregularities in the execution of #Dinesh Thakur #India Inc #Ranbaxy #ToWhatEffect #Whistleblowing
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Reining in Ponzies: Harsher punishment is no panacea
Give the law a stronger teeth and it will on its own bite those who break it. The government seems to believe this. Consider this: In order to rein in the alarming increase of rapes, it changed the law to accord a harsher punishment to the culprits, and in turn overlooked #Alchemist #Chit fund scam #InMyOpinion #Ponzi Schemes #Saradha
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Changing dynamics: Is low-cost flying becoming really high cost?
With Indian airlines readying themselves to face fierce competition from their foreign peers, the domestic aviation landscape is changing fast. Is this going to be really advantageous for the consumer? Theoretically and practically, increasing competition should result in lower prices and more choice for consumers. But as far as the Indian #air india #airlines #Aviation #Jet Airways #low cost carriers #ToWhatEffect #Unbundling
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As it happened: CAD key to policy stance; not giving ultimatum to govt, says Subbarao
Current account deficit (CAD) is very much on our dashboard, said D Subbarao. This year too CAD will not be substantially lower. "One of the variables that go into policy calculation, will definitely be CAD," he said. On macro economic policy, it is a joint endeavor of the govt and the #Inflation #Lending rates #Policy Review #Rate cut #RBI #WhatNext
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Mukesh-Mittal pact signals co-opetition is key in telecom
After Mukesh Ambani roped in rival Sunil Bharti Mittal for Reliance Jio’s 4G roll-out, if you thought it is going to be business as unusual in the Indian telecom space, you may not be right. Because the deal is just the usual business, where, like in love and war, everything is #4G roll out #Bharti Airtel #Mukesh Ambani #Reliance Jio #spectrum #Sunil Mittal #telecom #ThisisNext
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King of chit fund scams: Why Saradha collapse is unique
The Saradha chit fund scam in West Bengal is snowballing into a grievous scandal involving politicians across parties. From Trinamool Congress leaders to Union finance minister’s wife, Nalini Chidambaram, many have been dragged into the controversy surrounding the scam. The estimates of amounts raised by various such companies in West Bengal #Business #Chit fund scam #INvestor Scam #Nalini Chidambaram #Saradha Group #ToWhatEffect
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Life after disaster: Are positive signs emerging from Infosys?
“I had Infy shares… And now #Iamsomiddleclass,” a Twitter user named 'Common Man' tweeted on Friday, when the stock of the erstwhile investors’ darling fell more than 21 percent. Had he owned the stock, he would not have made this remark on a day the stock lost most of the gains #acquisitions #Infosys #Infosys 3.0 #Q4 results #ToWhatEffect
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Drug R&D: Why India can easily ignore Novartis blackmail
“Investors want returns, but intellectual property environment is unfavourable in India. So, big pharmas would not want to invest (here),” Ranjit Shahani of Novartis India said yesterday, reacting to the Supreme Court order rejecting the Swiss drug major’s patent plea for cancer drug Glivec. True. Pharmaceutical companies spend a lot on #big pharma #ConnectTheDots #Novartis #R&D
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Why airfares can’t be more transparent
Secrecy is sin, not only in politics but business too. But do we accuse airlines of sinning for not making their fare structure transparent? Or are they, as the Bard said, more sinned against than sinning? Indian airlines have not yet complied with a Supreme Court directive that sought to make #airfares #airlines #DGCA #HowThisWorks