Free Press Journal
  • India could be promoting mass labour vulnerability

    The prime minister has lauded the efforts of people to seek out some form of self-employment.  One example he gave was that of a pakoda-wala selling food on the streets. While such an example does seek to justify illegal hawking and selling of food on the pavements (thus violating food safety, blocking pavements, and illegal…

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  • Rajiv Kumar Gupta, MD of GNFC: 65% of our revenues come from chemical segment, rest from fertilizer

    In recent years, the progress made by Gujarat Narmada Valley Fertilisers & Chemicals (GNFC) has been remarkable. At the helm of this transformation is Rajiv Kumar Gupta, MD of GNFC who holds this post concurrently with that of Principal Secretary, Labour, Government of Gujarat. In fact, one of his objectives is to fulfil the vision…

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  • India harms its demographic dividend

    One would have thought that any government that was keen on improving the lot of its people would have focused on two critical areas – education and healthcare. This would be more crucial when a government constantly talks about improving the demographic dividend that India enjoys. Talk may be good and inspiring. But when it…

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  • Going Beyond Budget 2018 with DEA Secretary Subhash Chandra Garg

    This year’s Union Budget is the last budget before the 2019 general election. This could be a make or break exercise for the future of the Narendra Modi government. Even as Finance Minister Arun Jaitley gave one of the longest speeches ever, he failed to communicate the exciting times that lie ahead for most Indians…

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  • Budget 2018: The spirit is quite willing, but the flesh is terribly weak

    As Budgets go, this budget could mark a watershed. It has all the ingredients India needs. It talks about ways to reduce the time taken for litigation, it seems to address the issue of farmer distress; and it has a genuine concern for improving healthcare. Together they could mark a transformation of the entire country….

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  • Foreign Direct Investment: Good news and bad

    On 22 January UNCTAD announced that global flows of foreign direct investment (FDI) had fallen by 16% in 2017 to an estimated US$ 1.52 trillion, from a revised US$ 1.81 trillion in 2016, according to its latest Global Investment Trends Monitor (http:// unctad.org/en/PublicationsLibrary/ diaeia2018d1_en. pdf? utm_ source=CIO+-+General + public&utm_ campaign =7ae1497373-EMAIL_CAMPAIGN_ 2018_ 01_ 22& utm_medium…

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  • Will fossil fuels see a decline in coming decade?

    In October last year, Dharmendra Pradhan, Union minister of Petroleum and Natural Gas (MoPNG); Minister of Skill Development and Entrepreneurship made an announcement that made some energy analysts sit up. He said that India’s oil exploration and production sector will see investments worth $40 billion over the next four to five years. Such a statement…

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  • 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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