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Economy

Consumer Court experience

2 July 2010 - 4:31pm — murali772

Given the choice, very few amongst the middle and upper classes in the country will ever want to have anything to do with the government or its agencies, plainly because they lack the basic 'technology' of handling them.

A blessing or a curse?

4 June 2010 - 10:27pm — psaram42

The Global Investors Meet (GIM) which concluded on Friday the 4^th June 2010, has thrown up a new monitory scale of lakh crore. With the all too common inflation this is no surprise. It can expand to infinity. The Tata nano has started its production line, when there is no parking space in metros like New Delhi, Bangalore etc. Unfortunately the space on the planet earth is limited however much we wish it is not true.

Real Facts about GIM

2 June 2010 - 12:58pm — vinay_sreenivasa

OPPOSE AUCTION OF KARNATAKA

Demand People Friendly & Environment Friendly Development

The Chief Minister of Karnataka has announced that the 2 day Global Investors Meet in Bangalore will bring 3 lakh crores of investment as well as around 3 lakh new jobs. The promise of 3 lakh jobs to be created by the GIM and the prosperity it will bring to Karnataka does not appear to be true. Read below to find out the real costs and real facts of the GIM.

False Promise of Investment and Job Creation

Global Investors Meet - Tier2 cities to get some love?

29 May 2010 - 7:56pm — silkboard

A friend called from UK recently to tell me that he spotted an ad from Karnataka government about Global Investors Meet 2010 in a prominent daily there. Thats how serious GoK has been about marketing this event taking place next week.

Need - More of Tier 2

Bengaluru has had enough of love. Those Tier-2 cities need all the attention now. No, not talking Hoskote, Bidadi or Devenahalli, talk real tier2, far up central, and further north. More initiatives like Suvarna Karnataka Development Corridor (SKDC - click here) are it.

Killing the golden goose?

21 May 2010 - 11:06pm — murali772

India is the world's most competitive telecommunications market. But, the 3G spectrum auction is going to land things as a fiasco for the common man, even while it is a bonanza for the exchequer.

The outcome of the 3G spectrum auction in the UK was disastrous. The 3G network did not diffuse for a decade thereafter, because firms were broke. They had no money left to invest in infrastructure after paying for the spectrum licence and interest. The telecom firms could not generate positive cash flow from 3G activities for a decade. In fact, the principal UK telecom company, BT, sold its wireless business to pay off debts incurred to acquire 3G spectrum licences!

What happened in the UK can happen in India. The firms that have bid Rs 67,719 crore for 3G licences may not have finances left to fund infrastructure. If they borrow substantially, the combination of licence and interest costs, to be factored into pricing decisions, will make 3G services expensive or completely unaffordable. And, as everybody knows, it is low price that enables high offtake of any product or service.

Future of Capitalism

7 May 2010 - 4:55pm — murali772

''The public trust in business and its leaders has never been lower. To restore trust, it is time for business leaders to embrace their own version of the doctor’s Hippocratic Oath, which shapes a common understanding of the role of business in society and the conduct expected of business leaders,'' wrote Nitin Nohria ( who has been named to take over as the Dean of the prestigious Harvard Business School) recently after critiquing the failure of leadership in the recent economic and corporate turmoil.

''Developing, adopting, and institutionalizing such an oath is not going to be easy. But there is no better or more important moment to try—because at stake is the very legitimacy of business leaders and the future of capitalism,'' he warned. His passion for the idea led to HBS students adopting a voluntary MBA oath.

For the full report in the TOI, click here

Raison d'être for continuance of the Public Sector

24 April 2010 - 2:07pm — murali772

Is this why they won’t disinvest Air India, kept afloat at massive expense to the taxpayer? In a violation of DGCA rules, an AI aircraft was pulled out of a scheduled flight from Delhi to Coimbatore in order to ferry IPL players, apparently at the behest of aviation minister Praful Patel’s daughter Poorna. It appears the public sector airline fulfils the private and nepotistic purposes of public servants.

For the full report in the TOI, click here.

Isn't this also why the government persists with BMTC/ KSRTC (check this), BESCOM, etc, so that they can further the interests of the Poorna Patels of this world? - all in the name of Socialism; the tax payer be damned.

Muralidhar Rao

Step-by-step privatisation of Air India likely

10 March 2010 - 1:33pm — murali772

Faced with accumulated losses of Rs 7,200 crore, national carrier Air India's deteriorating condition has forced the government to push for privatisation of the carrier. While the UPA government does not favour strategic sale, the civil aviation ministry and the Air India management are likely to consider a piecemeal approach to privatisation.

Stretcher cases and our money

7 January 2010 - 5:56pm — murali772

It is an extraordinary system where an equipment manufacturer for the telecom industry turns sick and remains sick just as an epoch-making boom takes place in the sector. Lakhs of private units make losses and are unable to cope with the market; only, they don’t have an automatic tap in the public treasury to keep going that way.

Report on MOBILICITY unconference

24 November 2009 - 3:28pm — murali772

The Transport Policy draft released by the GoK is not exactly very inspiring.

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