Free Press Journal
  • FDI: Maharashtra aims high, but shoots low

    The latest figures from the Reserve Bank of India (RBI) should give Maharashtra immense cause for cheer. It became the biggest recipient of foreign direct investment (FDI) from among other states in India (see chart). And, if advance estimates are any guidance, it is possible that the state will be the biggest FDI recipient for…

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  • Economic growth continues to falter

    So, it is finally official. For the second year in a row, India’s GVA (Gross Value Added) growth has slowed down.  It went up during 2015-16. It appeared that the Modi magic was beginning to work.  But the subsequent years have been a dampener. What should worry politicians most is the drop in the growth…

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  • The government should not be trusted with banks

    In that list (see chart alongside) CARE Ratings showed how India’s NPA ratios were similar to countries with the worst of financial mismanagement. India was in the same company as the PIIGS (the acronym for Portugal, Ireland, Italy, Greece and Spain). At 9.85%, India’s banks were in a pretty big mess, though not as badly…

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  • The future of jobs: Is India prepared?

    In the first week of December 2017, a leading legal and consultancy firm, Nishith Desai Associates, announced a webinar on “Will drones ever fly in India?”.  This author could not attend the webinar, but the question raised was pertinent. Successive myopic governments in India have stunted India’s growth. For decades, they refused to allow development…

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  • Setting up of a world class centre of excellence in maritime and ship building

    An announcement made by India’s ministry of shipping (MoS), in the last week of November 2017, went almost unnoticed by most people in the media. The only exceptions were trade publications concerned with the shipping industry. The announcement related to the setting up of a world class centre of excellence in maritime and ship building….

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  • The urgent need to tax agricultural income

    In November 2017, the IMC Chamber of Commerce and Industry came out with a white paper on Taxation of Agriculture Income in India. It makes a compelling case for taxing agricultural income in the country. The white paper points out the following: Since independence, agricultural income has been exempted from income tax.   After 70…

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  • Great times ahead for infotainment industry

    It could be the industry which offers people the best of hopes; but it is an industry that could turn most cynical as well.  The potential for the growth for India’s media and entertainment industry is phenomenal. But coming at a time when the government permits visceral cries for the ban of a dance bar,…

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  • Why India’s road ahead is a rather promising one

    Never before has the scope of the roads sector been enhanced as with the current government, and under the ministership of Nitin Gadkari. Today, the National highways — which accounted for anywhere between 55,000-70,000 km out of 3.5 million km of roadways in India  — has been expanded to account for around 2 lakh km….

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  • For whom the roads toll, and for whom they don’t

    Collection of fees through electronic means was just about 5 percent of total toll collections in October-November 2016. This rose to about 11 percent by mid-December. Despite the hue and cry about demonetisation, it is now becoming obvious that two sectors are overjoyed. They see demonetisation having boosted their fortunes. One is the road toll…

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  • Expect 2018 to be more unsettling than 2017

    Most marketmen are a bit confused about what the markets and the leading economies have in store for 2018.  The first of such reports is already out. Credit Suisse in its Investment Outlook 2018, which it made public recently, tries to navigate this uncertain territory. There is a strong resurgence in risk bonds. As Credit…

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  • Death with dignity gains ‘legality’ in the UK

    Last week, this newspaper talked about (http://www.freepress journal.in/world/indian-origin-pharmacist-cleared-of-elderly-dads-murder/1172908) how a UK High Court judge, Justice Green, threw out a murder charge against a chemist. The chemist, a pharmacist of Indian origin, Bipin Desai, had admitted to the mercy killing of his father. Justice Green said that a conviction would have been “perverse and irrational”. Desai…

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