Company politics

The decision to allow FDI in multi-brand retail was put off, whether you agree or not with the impact analysis, because of the fear that kirana shops would be badly hit. The Pension Bill was put off because of the view, rightly or wrongly, that Indian citizens were better served by a government—or Indian-firm-run pension businesses. The UIDAI Bill ran into trouble because, in the ultimate analysis, there was no assurance that the biometrics collected by the UIDAI would be used by the home ministry. What’s not clear, in this context, is why the Companies Bill continues to face the kind of problem it does, and not just right now, since many governments have brought in amended Bills and then failed to get them passed in Parliament.

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