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Business/Economy |
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Single brand retail FDI policy a flop, only one applicant so far -
Financial Express
Slowdown in government’s policy initiatives and the corresponding weak market response is evident from the fact that despite allowing upto 100% foreign direct investment (FDI) in single brand retail, so far only one applicant wants to avail the benefit. Also, no decision has been taken by the government on allowing 49% FDI in Indian carriers by foreign airlines while there is no forward movement on increasing FDI in defence from 26% to 49% or allowing FDI in multi-brand retail.
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Ruchir Sharma, Bloomberg
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Aloke Tikku, Hindustan Times
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Harish Damodaran, Business Line
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Animesh Singh, Pioneer
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150% toll collected from unfinished E-way -
Deepak Kumar Jha, Pioneer
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Dev Chatterjee & Reghu Balakrishnan, Business Standard
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C Rangarajan, Business Line
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Verbatim |
There was for years an old "social contract" between politicians and business. This provided for complex rules and regulations that made it impossible to do business honestly in many fields. But it was possible to do business dishonestly, through pay-offs . Some called this "efficient corruption" : politicians took money and delivered clearances. However, the anti-corruption mood of the courts, and new fears of getting caught (like Pawan Bansal) have ended "efficient corruption" . Politicians may still take money but not deliver on clearances , what some call "inefficient corruption" that freezes investment and growth. The old social contract has broken down.
Swaminathan SA Aiyar |
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Split with Nitish will only boost BJP in Bihar - K Balakrishnan, LensOnNews WITH THE BJP seemingly decided on projecting Narendra Modi as its PM candidate and its close ally Nitish Kumar of JD(U) equally firm in his opposition to the idea, a split in the NDA alliance looks inevitable; most observers think it’s not a question of if, but when. |
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