Komal Meswani

Government’s Second Dose of Reforms – Committee on Investment, Land Acquisition Bill

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The Union Cabinet headed by weak PM Dr Manmohan Singh finally undertook three sets of decisions aimed at the broader agenda of revitalising the Indian economy.

The pre-existing Cabinet Committee on Investments (CCI) was created to fast-track clearances for projects requiring an investment in excess of INR 10bn under the leadership of the PM.

New Land Acquisition Bill – The proposed law, rechristened as the Right to Fair Compensation, Resettlement, Rehabilitation and Transparency in Land Acquisition Bill, 2011 was approved by the Cabinet but requires parliamentary approval before being deemed a law.

The new Bill requires the consent

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Battle of Indian Economy – Oligarchy Vs Democracy and Transparency for 2022

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When we look at the Past decade of Economic Reforms in India, we see two camps – One has politicians with a controlling and arguably, authoritarian mindset. They are backed by a growing number of promoters who cannot come to terms with the fact that the under-the-table model of doing business has become dysfunctional in India. These promoters lobby that the Comptroller Auditor General and the Competition Commission of India are neutralized as quickly as possible so that business-as-usual can resume.

On the other end of the Spectrum are a disparate group of determined individuals

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Nestle Milkmaid Creations – Powdered Dessert Mixes Sweet Market

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If it has to be R&D, it has to come from a Multinational company. Nestle which has been in India for decades is now putting an effort to enter the niche Sweet market of India with Milkmaid Creations, a new range of powdered dessert mixes.
The product will target the convenience-seeking consumers besides offering an eggless cake (for India’s large vegetarian population).

The range includes five variants-eggless cake, ‘pista kulfi’,

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Why SBI profits Fell by 99% ?

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India’s Largest Bank, the State Bank of India reported Q4FY11 PAT of Rs 209mn, 99% below consensus, primarily on lower NII, higher costs and provisions.

SBI has hiked lending rates by 100 bps (50 bps higher than other banks a catch-up rather than a proactive measure) in 1QFY2012 to offset some of the pressure in margins witnessed. The bank has now fully provided for pension liability of Rs117bn on account of wage hike Rs79 bn through reserves and Rs24.7 bn through profit and loss account during the

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Power Grid Corporation fixes FPO price band at Rs 85-90 per share

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State-owned Power Grid Corporation of India has fixed price band for its proposed Follow-on Public Offer (FPO) at Rs 85-90 per share. A 5% discount will be available to retail investors and eligible employees at the issue price on allotment. The FPO worth around Rs 7,600 crore comprises of 84 crore equity shares of Rs 10 each representing 20% of existing paid-up capital of the PSU.

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RBI Monetary Policy Expectations

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With Inflation showing no signs of abatement and corporate profits on the upswing, it is high time that RBI act as an independent regulator in the interest of Indian consumer and not South Block.

In the forthcoming announcement of monetary and credit policy on July 27, markets expect 25bps hike in both repo and reverse repo rates and no change in CRR. This expectation is based on the view that as the economy inches towards normalcy, policy rates also need to firm up to their long-term ‘steady-state’ level. Any more aggressive tightening is unwarranted at this juncture in analysts

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