The important issue is not about permitting FDI, the critical thing is to make it feel welcome.
From diesel to kerosene to cooking gas, the benefits of rationalizing energy subsidies are plenty. Prices will tick up in some items, but there will be a massive lessening of fiscal pressures, lowering generalized inflation.
Prime Minister Modi has to shake up the railway bureaucracy, which frankly does not care.
Now Prime Minister Modi has to shake up the railway bureaucracy, which frankly does not care.
If oil companies can supply diesel at Rs 44.42 a litre at Indian ports for export, they can also supply it for sale domestically at that price (with adds on for marketing costs, dealers' commission, inland freight and taxes)
Nobody quite remembers when the WAR ROOM was quietly wound down and abandoned. India's ordinary citizens had fought this economic war on their own. No government artillery was needed.
Because of the pain it endured, Tisco has become one of the lowest cost producers of steel in the world. It ranks among the top ten companies in the globe with a capacity of 29 million tonnes. India's own steel-making capacity is now 95 million tonnes. Another 15 million tonnes will be installed by next year .
Ironically, steel production began in the private sector in British-ruled India when Tisco was set up by the Tatas in Jamshedpur in 1907. But independent India aborted that incipient revolution.
Today, India's cement industry has become the second largest producer and exporter in the world. Just imagine if the industry had been decontrolled and properly regulated since the 1950s.
Draconian controls on the cement industry were first clamped during the Second World War, across distribution channels, purchase prices and quotas for open market sales.
Unfortunately, while there is little political consensus on relaxing labour laws, both the NDA and UPA governments have done little to create it. The ministers heading labour ministries have not been reformers, nor have they been political movers and shakers.
After a small reversal during the NDA regime, UPA has seen the return of Big Government. This has elbowed private industry, raised inflation and brought down growth
Theodore 'Teddy' Roosevelt was also called the "trust buster", smashing America’s "robber baron" monopolies with ruthless reforms.
There is one “Kejriwal decision” that I deeply admire - the award of Rs 1 cr in compensation for the death of Constable Vinod Kumar while on duty.