Free Press Journal
  • editorial, R N Bhaskar, RBI, crucial chinks, Reserve Bank Of India, Demonetisation, digital payments

    The RBI points to very crucial chinks

    The latest annual report of the Reserve Bank of India (RBI) is quite candid about its assessment of demonetisation. More cash has come back into the system than had been envisaged earlier. The pace of increase in digital payments has slowed down. And while the RBI does not mention it, the absurdity of having e-commerce and digital payments under the IT ministry and not under the finance ministry continues to baffle experts.

  • Balanced purification is need of the hour: Havells India VP Shashank Shrivastav

    Havells India, which started its operations as a B2B company, has been increasing its B2C portfolio. At present, the B2C segment of the company stands at 40 per cent of its total turnover of around Rs 8,500 crore. The company is diversifying its water purifier segment, where it has stepped up with a wide range. R N Bhaskar and Pankaj Joshi speak to Shashank Shrivastav,

  • India, Swiss banks and black money

    Last week, the political climate was charged with accusations that the government had actually begun encouraging the promotion of black money. Prima facie, the charges seemed to have some merit in them. Swiss bank deposits from India had swelled by 50%, one of the largest increases in recent times (see chart). But the accusation was a bit uncharitable. For three specific reasons.

  • India uses AIIB to diversify its funding sources

    India has already begun diversifying its funding sources by looking for more financial support from the three year old Asia Infrastructure Investment Bank (AIIB), headquartered in Beijing. Hitherto, it had sought financial aid from bodies like Japan’s ODA, the Asian Development Bank (ADB) and the World Bank and the IFC besides other commercial bands and funds.

  • Tokenism will not make Mumbai smart

    McKinsey Global Institute has just come out with its paper on Smart Cities: Digital Solutions for a more liveable future ( It explains how “after a decade of experimentation, smart cities are entering a new phase. Although they are only one part of the full tool kit for making a city great, digital solutions are the most powerful and cost-effective additions to that tool kit in many years.”

  • How much gold can be mined in India?

    Officially, India mined just 1.61 tonnes of gold in India during 2017-18. That was essentially from primary sources. But ask geologists, and they will tell you that India should be mining a lot more gold. This is because the terrain from Australia to China has similar geological features. There is a lot of gold to be found there.

  • Madhya Pradesh Agri-Revolution: The journey till date

    The first panel discussion ‘What made Madhya Pradesh’s agriculture programme succeed’ focused on the journey of Madhya Pradesh till now. This conversation was around the evolution of the state in agriculture and different factors that enabled the evolution. dignitaries that participated in this discussion included: (in alphabetical order) Rama Chari, head, Materials Science division, RRCAT; Narendra Dhandre, DGM, Netafim; D N Pathak, Executive director (Ed), SOPA; and

  • The Madhya Pradesh agricultural marvel has miles to go

    Madhya Pradesh is a state investors need to be watching very carefully. During the past 12 years, the state has witnessed a blistering growth in agriculture of over 10% year-on-year. Moreover, according to the state government in its media releases, “During the last five years, the state has recorded an 18% growth in agriculture – the highest in the country.” Such growth rates are astounding indeed.

  • Need to take literacy improvement seriously

    The government of India like to crow about how it has improved India’s literacy levels ever since independence. But when the numbers are studied carefully for a long period of time, the performance isn’t worth a mention.

  • And silently flows the Ganges

    No other river in India evokes the faith, love and disgust that the Ganga is famous for. It is a river that breathes history. Its banks have hosted towns and cities that were for generations the seats of culture and learning. And this was the river of life for a country that has considered it to be the most sacred of all waters in this part of the world. That is why,

  • Now, private banks too are getting tarnished

    Stories about wheeling dealing that managements of private sector banks have indulged in have suddenly put dragged such banks into the spotlight. Hitherto, the focus was on mismanagement of public sector banks (PSBs). Private bank managers could look down smugly at PSBs and sneer. Most analysts had even begun to demand privatisation of PSBs.

  • Is India emerging as aircraft repair hub?

    Last month, the government announced that it had appointed the consultancy firm EY as the transaction advisor for Air India’s strategic sale ( files/PRELIMINARY%20INFORMATION%20MEMORANDUM.pdf). The aviation minister said that Air India would be offered to potential buyers as four different entities –

  • Business with Thailand could grow faster

    Thailand is not unfamiliar to most Indian businessmen. The Aditya Birla group was one of the first to discover the advantages of investing in Thailand. This group’s interests span chlor-alkali products, epichlorohydrin epoxy resins sodium phosphates, specialty phosphates sodium sulphite and sodium metabisulphite among others.

  • Lessons India can learn from Thailand

    India began talking about Make in India since 2014. And it has been talking about India becoming the hub of innovation for several decades now.

  • PSUs: When a promise is not a promise

    On March 13, 2018, the Parliament’s Lower House, the Lok Sabha, passed without debate two finance bills and 218 amendments. These included funding demands from 99 government ministries and departments.

  • Virendra D Mhaiskar

    IRB Infrastructure Chairman Virendra Mhaiskar has an abiding faith in the road sector

    Virendra D. Mhaiskar is a man with a focus that is firmly set on connecting India with world class highways infrastructure. As chairman and managing director of IRB Infrastructure Developers Limited, his views on the roads sector are much sought after.  First, because he is one of the largest players in this sector.  Second, because he has constantly identified business opportunities in the roads sector much before most people. That

  • Re imagining Mumbai: Cleaner and less congested

    The economic worth of Mumbai is often mentioned in the same breath as its low ranking on parameters of infrastructure and quality of life. The panel discussion hosted jointly by the Free Press Journal and the Indian Merchants Chamber (with as digital partner) focused on bringing out the facts — both in terms of action initiated and action required for a cleaner and less congested city. The keynote address was delivered by Lalit

  • FPJ Special! Re-imagining Mumbai: City awaits paradigm shift, braces for future

    Mumbai: Metro projects, cross harbour links, coastal roads, waste segregation centres, parking spaces, affordable housing etc are coming up in Mumbai soon. This time, the wait for such infrastructure will not be as long as it used be, believe the panelists at the discussion ‘Re-imagining Mumbai – cleaner and less congested’ which was held in IMC Chambers, Churchgate on Tuesday.