Articles
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Will States do their BIT?
The Hindu Business Line, June 26, 2015
By Pradeep S Mehta
While launching
the Make in India campaign, the Prime Minister had also
unveiled ‘Team India’ — including the Prime Minister and
chief ministers — to work in sync for development. This
has become pivotal in economic decision making at the
Centre, and its imprint can be seen in almost every
policy. That said, since States are pursuing investment
they are also competing in improving the ‘doing business’
indicators furiously. And many are engaging in economic
paradiplomacy — CMs are travelling abroad to woo
investors. However, attracting investment is also tied up
with the Centre’s policies — international agreements, for
protection measures through its exclusive power to do so.
More...
Regulating dream realty
The Asian Age,
June 14, 2015
By Pradeep S Mehta
In spite of the
recommendations of the Parliamentary Standing Committee on
Urban Development and comments of relevant stakeholders,
including consumer organisations, industry associations,
academia, experts, and the media, the Real Estate
(Regulation and Development) Bill, 2013, was watered down
by the government under pressure from the builder lobby.
It did not go through in the last session of Parliament
and a combined opposition has ensured that it be revisited
so that it is fair to all parties, particularly the
consumers. The bill is now before a select committee of
the Rajya Sabha, which has invited comments from all
stakeholders..
More...
Make in ‘digital’ India
The Asian Age,
June 01, 2015
By Pradeep S Mehta
Snapdeal,
Flipkart, Ola Cabs, Zomato and Hike are good for the
economy as well as for consumers.. currently generating
over 70,000 jobs. In the next five years, this could grow
to a quarter million jobs.. which means more choices and
lower prices In the midst of the debate on allowing
foreign direct investment in retail and in e-commerce, it
would be worthwhile recalling what Christine Lagarde, the
International Monetary Fund chief, early this year said to
a group of students at Delhi’s Lady Shri Ram College,
“Yes, I would personally invest in India.” As it turns
out, Ms Lagarde is not alone. Year on year investments in
Indian tech startups are growing at exponential rates, and
our startups have raised close to $3 billion, and that too
in the last five years.
More...
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