June 2015

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, 2015By 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, 2015By 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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