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August 28, 2008
Treat the farmer as a joint-entrepreneur
Every landholder who was forced out without gains with the State acting as the broker who pays less than what the project pays to the government, is like that of a person who loses his land to an irrigation project. The dam has come up on his land and he got not a chew for that but those downstream reap the harvest, year upon year. Now read industrial project for 'irrigation' and the perspective is clear

Industrial growth: The right start matters
With higher interest rates putting pressure on both the demand and supply sides, there is a lot of concern about whether industrial growth will pick up. On the demand side, fewer goods are demanded that depend on credit such as automobiles, consumer durable goods, and housing. This in turn affects the output of these industries, causing them to cut back on investment which slows down overall growth.

A market at the bottom of the pyramid?
Many national and international seminars have been conducted to highlight this hitherto undiscovered gold-mine. Any challenge to the business rationale for pursuing such a market is considered heretical and almost blasphemous.

August 25, 2008
Will Rangarajan's magic work?
He helped contain the policy of blindly financing large deficits by printing more money but this may not be enough to contain the current inflationary spiral.

August 23, 2008
Personalised books: The future of publishing
OffBeat Guides, is a make-it-yourself, personalised guide book service

World Bank - Most Asians were dead in 1950
International organisations have an obligation to be apolitical and to practise governance when disseminating data on incomes and poverty

Will the fall in oil prices last?
Countries have to start replenishing inventories soon, supply remains tight, and the fall in demand isn't large enough — all of which suggests higher prices

August 22, 2008
The India-China paradigm is passe
One possible result of these global impulses by entrepreneurs in the world's two largest economies might be a change in the way the world does business.

August 18, 2008
Wall Street has to be pushed further
While useful, a recent report does not widen the scope of transparency in the financial sector.

Oil prices: Economists get it wrong again!
Suddenly, demand-supply mismatch is no longer offered as the standard plausible explanation.

Pay hike for govt staff: What about guarantee of output?
The impression is that few public functionaries paid out of taxpayers' money feel answerable to anyone, least of all to the public.

August 16, 2008
Dial M for mobiles
Anytime you are in a bus taking you from the aircraft to or from the terminal, you learn -- whether you like it or not -- who is working on which deal, how much various properties on the market across the country cost, current office politics in Airtel, Wipro, Coke, KPMG and so on, and at times, even what's being cooked for dinner at someone's house that night.

Let's green the politics first
Why go in for green technologies if the political system conspires to ensure they're fat and inefficient?

Retail biz: What we have liked
You can always train a good person in whatever field that he chooses but an organisation can never imbibe a person with qualities like integrity, morality and ethics.

August 13, 2008
Oil at $75 a barrel?
Most think slowing US demand is behind the fall in crude prices but a fall in Chinese demand could trigger a far sharper decline.

August 12, 2008
At 61, why there is still hope for India
Elango and the people of Kuthampakkam in Tamil Nadu have demonstrated to us that it is we, the people, who have to be the instruments of change, else we will be consigned to the dustbin of history.

Big opportunity for the govt: Will it act?
With the Left's withdrawal of support, the government seems to have an opportunity.

The Star lesson on leadership
The Rs 1,600-odd crore (excluding income from joint ventures) Star India has been in dull form for over three years now. From an aggressive leader that protected every shift in rating points, it seems increasingly like a defender.

BSE's journey derailed again
The Bombay Stock Exchange's journey from being a brokers' club to becoming a professionally managed entity seems to have got derailed once again, with a spate of resignations in the past three months.

August 11, 2008
Inflation control no bar to growth
In short, if India Inc lives up to the expectations in the required measure of resilience, innovation, initiative, imagination and leadership, it can help harmonise the imperatives of growth with control of inflation.

August 09, 2008
RBI Policy: It's just pain, no gain
Monetary authorities should not practise ideology, especially since monetarist ideology has been made obsolete by globalisation and development.

The answer to India's infrastructure woes
Everyone is familiar with the fact that governments and developers have taken land prices so high that it makes it very difficult for ordinary working people to afford for themselves even a small flat. But it is those same high prices for land that help subsidise so many infrastructural projects, and indeed make them possible in the cities.

August 08, 2008
Financial cowboys need to be lassoed, corralled
If the government is to be the lender of last resort for financial companies, it has to demand more control over their daily business

August 07, 2008
Less rain = less money in your pocket
Dry weather is a risk for rice, sugarcane, peas, beans and lentils and other key crops, which are an important source of protein in the vegetarian Indian diet. Peas, beans and lentils account for 0.6 per cent of the main inflation index, while sugar has a 3.6 per cent weight in the gauge. The annual inflation rate in India in the week ended July 19 was a little less than 12 per cent, the quickest in 13 years.

'Containing Inflation' - A myth
We need problem-solving, not confused rhetoric or misguided action

August 06, 2008
Don't cry for Doha
We live under the most liberal trade regime in history not because the WTO enforces it, but because important countries - rich and poor alike - find greater openness to be in their best interest.

August 05, 2008
Is India pharma ready for consolidation?
While it is clear the Indian pharmaceutical industry is headed for consolidation, it is not really prepared for it.

August 02, 2008
Public vs pvt sector: Which service is better?
Let us take four examples, though, one each from telecoms, aviation, the media and banking, because these are the great success stories. Without exception, the service quality in each of them has plummeted.

August 01, 2008
The changing face of marketing
As we get more consumer-centric, there is a need to re-orient our view of marketing and business. It's no longer about waging wars but actually about forging relationships. This gains in ascendancy as you observe few other environmental changes taking place.

More bad news for the aviation sector
To the horror of many passengers, many airlines have also started imposing all kinds of charges never heard of before.

Agriculture & security: India's focus areas


Land acquisition? What's the solution
There are no quick-fix techno solutions here in which the real problems can be fobbed off for later. In this environmentalism, there is only one answer: changing the way we do business, with them and with their environment. It will demand we reduce our need and increase our efficiency for every inch of land we need, every tonne of mineral we dig and every drop of water we use.

July 31, 2008
Doha was designed to fail
It was always foolhardy to expect the US and the EU to want to genuinely open up at a time their economies are in deep trouble.

July 30, 2008
WTO flop show: Why it was right to say 'no'
For developing countries, the key to both food security and livelihood security is the ability to protect small and marginal farmers from unfair competition and the policy space within which they can develop an agricultural policy centered on small-farmers and the maximisation of employment growth.

July 29, 2008
Faith in dollar keeps US going
Confidence in the dollar is what's kept the US going despite the twin deficits. But that's fast eroding.

Reform is the only way out
The Indian economy is slowing, and earnings are at greater risk than most realise.

July 28, 2008
Reforms: Left out of the way, can govt deliver?
A level of commitment is expected from the UPA to several policy measures promised in 2004.

The Left legacy
The Left parties' demands of 100 per cent funds being invested in government securities, an unrealistic guaranteed return, deployment of public sector employees as fund managers, refusal to shift to a defined contribution system and of course the standard opposition to FDI of 26 per cent do not offer any constructive solution.

July 26, 2008
The good and bad of India's new airports
Good-bye, all you folks at Airport Authority who ran the old airports, and good riddance.

July 25, 2008
Global economy, national problems, petty politicians
Any further economic progress will invariably depend on reforms - not in our economic policies but in our political process.

Doing a Lalu in education
The Railways are using their land to encourage PPPs. Why can't municipalities do the same for the schools they run?

From licence <i>raj</i> to reform <i>raj</i>
For businessmen, political corruption, even when transparently on display in the most public of people's forums, is a long-acknowledged worst practice.

Why the PM must focus on education reforms
The Prime Minister should focus his energies now on reforming higher education.

July 23, 2008
India's software saga should continue
Nine years ago McKinsey, on behalf of Nasscom, projected that India's software and services exports would touch $50 billion by 2008

July 22, 2008
Why price controls are bad
Price control is distortive and encourages consumption when it should be discouraged - oil prices being a case in point.

July 21, 2008
Low-cost airlines? Bah!
There is no real fare difference between low-cost and full fare airlines, barring Kingfisher -- the taxes and surcharges (and in most cases the fuel surcharge alone) exceeds the basic fare.

The growth driver of the 21st Century
Infrastructure with private capital is clearly the global growth driver. China and India occupy centre stage.

Inflation - Changing dynamics
The commodity price shock absorber is no longer working as it did in the past

Win or lose? Markets look for clues
When supply exceeds demand in a liquid market, prices drop until demand matches supply.

Inflation - More shocks ahead?
Some more write-downs in US banks could push oil prices back to over $140 in no time.

July 19, 2008
If the govt wins, will reforms get a boost?
If the government addresses them nevertheless, it will be in response to the charge that it has done little of note in the last four years.

July 17, 2008
How to succeed in difficult times
Focusing on core (not only core in terms of operating sectors but also core consumers/customers, and markets) businesses and leveraging core strengths to tide over the tough times would not only prevent erosion of the strength of the business but also keep them in good shape to take advantage of the many opportunities that India will surely offer in the coming years.

Does core inflation really matter?
One feature that stands out is that there has not been much of a difference between general and core inflation in the Indian context

July 16, 2008
Of James Murdoch, Star and return of a heir
From a Harvard drop-out who set up his own music label, James Murdoch became a surprise potential successor to the News Corp throne. Till then only elder brother Lachlan had been in the reckoning. James went on to head BSkyB, one of UK's top pay TV brands.

Globalisation consensus? It is dead!
The old globalisation model is unsustainable. The world economy awaits its new Keynes.

Bull run for the buffalo
The launch of a genomics project will improve productivity of this multi-purpose domestic animal.

July 14, 2008
Surviving the global village
Developed economies may just get more protectionist in the face of stronger Asian economies

July 12, 2008
Mumbai the commercial capital? Well. . .
Track the new businesses being started up in the country, and if they are not in the tech sector, the chances are that they are located in Delhi/Gurgaon/Noida. The majority of FMCG companies other than Unilever are in the Delhi area: Nestle, Coke and Pepsi, Dabur, Gillette, GSK Consumer Brands, etc. The same is true of the newer consumer durables companies, like Samsung and LG.

July 11, 2008
Inflation? It's not oil prices or high wages
A common fallacy about inflation arises from a belief that prices are determined by costs.

July 10, 2008
Why rural youth don't want to migrate for jobs
People in rural areas are unwilling to migrate despite better pay in urban private sector jobs.

Left is right out of the reform picture
The ideological distance between people like him and the Left parties that espouse his cause is wider than the circumference of the earth.

Time to say goodbye to bonus, promotions?
The high salary game perhaps made sense when there was an economic boom. Now as a slowdown looms, it makes sense for all companies to take a leaf out of ICICI's book and to do a reality check.

July 09, 2008
How to control rising inflation
To control rising inflation, central banks need to orchestrate their monetary policy.

IPR: What India needs to do
What we need is some informed debate on what is India's best interest at this particular stage instead of going for a wholesale import of an American system that could prove ineffectual.

July 08, 2008
Oil at $135 -- enough is enough!
Oil is now in the $135 range. If this price holds for the next 12 months -- as the futures markets tell us -- the added burden will be a staggering $99 billion. Losses in 2008 could reach $6.1 billion. The situation is desperate and potentially more destructive for the industry than our recent crises -- SARS, terrorism and war -- combined.

Has Idea's time come?
A choppy beginning followed by flashes of good work. Strong pedigree, yet lagging behind peers. That could be actor Abhishek Bachchan or the mobile phone service he endorses, Idea Cellular. The analogy goes further. Just like Amitabh decided to step in and shore up his son's career, Idea's parent, AV Birla Group, has taken the cellular services provider by the scruff in a bid to make it one of the top three in the business.

Can RBI come up with exact inflation rates?
The Reserve Bank of India may soon be given the job of both collecting and processing inflation data.

July 07, 2008
Banking: Why India's different from the US
Making affordable financial services available to the un/under-served has been the cornerstone of the evolution underlying institutional development, product and policy innovation in India.

July 05, 2008
How poor are we? A reality check
It is of course true that a lot of low-income people can indeed afford mobile phones today, as handsets cost no more than Rs 700.

July 04, 2008
Will marketers in India remain buoyant?
The test is round the corner.

July 03, 2008
Inflation, fuel prices and taxes
Revive growth by taxing fuels less and lowering interest for productive loans.

July 02, 2008
The myth about India's politicians
The reason for their silence is that the Ranbaxy deal has not hurt the interests of most sections of the voting community. Let alone farmers, even the urban voters are not bothered by the deal as it has no direct adverse impact on them.

July 01, 2008
Between the devil and the deep sea
An important fallout of the increasing crude oil prices is the sharp rise in unfunded liabilities.

Oil over troubled waters
If attendance is any yardstick, the Jeddah meet was a resounding success

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