When will we say No to Union General Budget?

Indian Fiance Minister Arun Jaitley will move the second General Budget on 28th February 2015. The first one he introduced was only a few days him taking over finance portfolio and possibly many of the promises made in the BJP (read NDA) manifesto could not be included. Now that the finance minister has set up a group of chosen bureaucrats for making the budget exercises, including a new chief economic adviser, who has been drafted from ...

Read More

FDI in Construction: More Rhetoric and less Action

The decision taken by the Indian Government to relax the rules in the construction sector, presumably to bring in more FDI into the cash-starved sector, is at best a ploy to tinker with policy framework, which may not yield the desired result. By reducing the threshold of minimum amount of FDI, minimum floor area and other cosmetic changes will not suffice the purpose. The reasons are not far too seek. Our construction sector including the...

Read More