tag:blogger.com,1999:blog-3202774368551476669.post380145425970941097..comments2023-09-15T16:21:31.980+05:30Comments on INDIAN CORPORATE LAW: A Comment on the New FDI ReformsUmakanth Varottilhttp://www.blogger.com/profile/12438677982004444359noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-3202774368551476669.post-91247378677585347832013-01-08T19:09:40.297+05:302013-01-08T19:09:40.297+05:30Mr Anand Sharma, Minister of Commerce, Industry an...Mr Anand Sharma, Minister of Commerce, Industry and Textile, Government of India shares his views on the recent economic reforms. Check out the view of Anand Sharma on FDI in multi-brand retail <a href="http://www.ibef.org/resources/perspectives.aspx" rel="nofollow">http://www.ibef.org/resources/perspectives.aspx</a>Samirhttp://www.ibef.org/resources/perspectives.aspxnoreply@blogger.comtag:blogger.com,1999:blog-3202774368551476669.post-54001727910388937762012-12-07T21:35:11.742+05:302012-12-07T21:35:11.742+05:30After 65 years of independence we are still trying...After 65 years of independence we are still trying to retain barriers against globalisation and competition. At the same time we want to be known and recognised as a global player. We want to be permanent member of the security council. What dichotomy. In one side we use plethora of MNC products but when it comes to FDI in retail we panic. We use Colgate toothpaste. We drive Suzuki car, We take photos with Nikon and Sony. We travel in Boeing and Airbus planes. We keep accounts in Citi Bank. We drive Honda motorbikes. We use Viagra for our libido. We play cricket. We travel in Volvo buses. Our industrialists own big industrial empires abroad. Look at Laxmi Mittal, the biggest steel producer in the world. He operates freely across the globe.Our food sufficiency is due to Dr. Norman Borlaug. We have no problems then. So what do you want? Should we drive a third class car like Ambassador only and use only Neem datan and go to the maidans for ablution. My country men, wake up. This is 21st century. You have to integrate with the world. Enough of anti development and anti technology rhetoric. Recognise the reality. See what China has done in a short span. Shall we languish at the bottom of the development index?SMShttp://hindisms.orgnoreply@blogger.comtag:blogger.com,1999:blog-3202774368551476669.post-30288895422548068662012-09-21T17:19:30.388+05:302012-09-21T17:19:30.388+05:30Yes FDI will bring lots of progress in our economy...Yes FDI will bring lots of progress in our economy and their will be more active competition between sellers. Quality too will improve. Good move by the Govt.Ashishhttp://webseekers.innoreply@blogger.comtag:blogger.com,1999:blog-3202774368551476669.post-14224991416608247622012-09-16T08:46:55.179+05:302012-09-16T08:46:55.179+05:30A correction (!)>
"Experts ,....cannot ri...A correction (!)><br /><br />"Experts ,....cannot righteously afford NOT to recognise.."<br /><br />vswaminoreply@blogger.comtag:blogger.com,1999:blog-3202774368551476669.post-55696699727998132172012-09-16T08:00:49.379+05:302012-09-16T08:00:49.379+05:30Impromptu (unedited):
Without going into the meri...Impromptu (unedited):<br /><br />Without going into the merits or otherwise, of the subject policies or the reforms intended to be brought about, the conclusion rightly and intelligently brings to surface/sharp focus the root causes as to why more often than not such policies and their main objectives fail to even take off the ground; and happen to be thwarted upfront / at the embryo itself.<br /><br />Experts , barring those (for obvious reasons) who are part and parcel of the government machinery playing a leading/active role, cannot righteously afford to recognise the truth behind the ground reality as summed up therein.<br /><br />In one's conviction for long, a similar area where because of the wanton confrontation and violent conflict in ideologies of the centre and the states that an intended reform, despite its inherent merits / advantages has thus far remained elusive, - that is, the 'GST'. <br /><br />Another one that can be readily thought of is the centre's legislation in the offing aimed at regulating the highly and unashamedly unorganised sector - 'THE REALTY'.<br /><br />It cannot be prudently regarded or be rightly ignored as just a 'slip' of the kind referred to. But, there is much more to it, of a grievous and culpable nature.<br /> <br />For a better appreciation, the concluding portion is reproduced below, attempting at randum to specially mark (bracket) the key words:<br /><br />Q<br /><br />To conclude, these proposals (appear to be an attempt to boost the economy and address the concerns of policy paralysis that have afflicted the country more recently). While it will (certainly have the effect of altering the perceptions among investors in the markets, it might be too early to determine the impact of these reforms on the ground.) The FDI in multi-brand retail is (left to be determined by the states, many of whom continue to reject the idea.) Moreover, there could also be a (political backlash from the opposition) and other regional parties to the idea of liberalisation in that sector, the effect of which will be known only in the coming days and weeks. From a technical standpoint, the current decisions have been taken by the Cabinet, but there appears to be (no formalisation in terms of changes to the FDI Policy), which might soon follow nevertheless. But, (until these formal legal changes are effected, concrete steps towards investment )may have to wait. That would be a prudent approach considering the previous experience where the proposal to open up the multi-brand retail sector last November generated great enthusiasm, (only to be soon followed by the proverbial “slip between the cup and the lip”). <br />UQ<br /><br />vswaminoreply@blogger.com