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Economy

Food coupons - finally

4 August 2010 - 6:35pm — murali772

HCL Infosystems' led consortium with Accor Services and Virgo Softech has bagged a contract from Madhya Pradesh government for implementing food coupon-based targeted public distribution systems (PDS) in the state.

The steeply sloping playing field

4 August 2010 - 6:11pm — murali772

The official demand for returning the money paid by the government telecom arm, BSNL, for third-generation (3G) spectrum (turned down, for now, by the Union finance ministry) is an illustration of why the state should be kept well away from running a business — it is not possible to be both player and umpire.

Where is India headed ?

2 August 2010 - 9:59am — Naveen

China has now surpassed Japan as the No.2 economy in the world - India, whose economy was 80% of China's in 1990, is now a mere 25% of China's.

Karnataka - highest tax generator in south

2 August 2010 - 9:27am — Naveen

Karnataka is the highest tax generator in the south & leads all other states by a huge margin, as reported in TOI today - See this link.

Pollution Control Board - the government's cash cow

30 July 2010 - 2:01pm — murali772

Even as BWSSB, KPCL, KPTCL, BESCOM, etc are desperately strapped for cash, there is another government agency that's just rolling in money, viz the Karnataka State Pollution Control Board (KSPCB). A cursory glance at the financial statements, provided on its web-site ( http://www.kspcb.gov.in/ - though not quite in a reader friendly way as one would have liked it, which but is quite the norm with most government agency web-sites), shows the revenues at Rs 190 cr for total expenses of just Rs 23.54 cr, a mere 12% of the revenues, with the direct costs being just 5%. And, it's not as if they are being very frugal in their practices or anything like that.

Corporate Social Irresponsibility

28 July 2010 - 10:38am — murali772

Corporate social responsibility (CSR) has long been a hot topic globally. Prime Minister Manmohan Singh has lectured companies on it. Some corporations have won acclaim and awards for CSR. Two of them were BP, the oil giant, and Goldman Sachs, the big investment bank. Every year, the World Economic Forum lists the "Global 100 Most Sustainable Corporations". BP has made the list many times. So has Goldman Sachs, for its work on climate change and carbon trading.

AIMA conference on PPPs - a report

22 July 2010 - 2:10pm — murali772

The following is my report on the "All India Management Association (AIMA) Conference on Public Private Partnerships: Issues of Governance", held at Hotel Lalit Ashok, Bangalore, on Friday, the 16th July.

ITIR - Gaining Momentum

16 July 2010 - 2:37pm — Ravi_D

GOK passed the ITIR Act 2010 on Thursday, becoming the first state to do so. Per this DH Report:

The ITIR Act, 2010 will enable the state to attract a whopping Rs.2 trillion (Rs.2 lakh crore) global investments in the knowledge sector, boost exports and create 3 million jobs in a decade

GIM - Beyond Bangalore, Business World

13 July 2010 - 2:05am — silkboard

Read some coverage of GIM in BusinessWorld, (Beyond Bangalore). Must say that beyond Bangalore is a nice topic for the article, here are some intereasting bits:

... projects, if they all take off, will see Rs 4 lakh crore being invested ... Almost 65 per cent of these projects are in the iron and steel sector ... in Bellary.

The stat that Karnataka needs to change is this ...

Karnataka ... single-city economy. Bengaluru ... accounts for over 55-60 per cent of the state’s GDP, according to Aroon Raman, chairman of CII-Karnataka.

An interesting angle on iron ore controversy. Will illegal activity go away, be legalized now!?

Where are those GIM projects?

5 July 2010 - 12:00am — silkboard

After all the tamasha, a global meet attended mostly by Indians, and those concerns looming around equitable use of natural resources and land acquisition, it is all the more important for state government to share as much follow up information on GIM announcements as possible. But the GIM website as gone cold (no updates after June 4!) and as always, we are at the mercy of our journalist friends to know more.

Business Standard covered GIM last week, twice. First time on June 21, Karnataka clears 69 new investment proposals. Exceprts:

SHLCC .... cleared 69 new industrial investment proposals worth Rs 87,494 crore. This was the first meeting of SHLCC after the recently concluded global investors’ meet (GIM).

Wonder where to find minutes of SHLCC meetings

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