2 Years After LandSlide Victory for Narendra Modi, Rajya Sabha Still Bottleneck

May 26, 2016 · Filed Under business · Comment 

Despite having won significant majority (c.64%) in the 2014 Lok Sabha (LS) elections, Narendra Modi led NDA had only 24% seats in the Rajya Sabha (RS) – the upper house. For NDA, this lack of majority in the RS has translated into delays in implementation of legislations such as GST (Goods and Services Tax), Land acquisition bill, etc.

Recently, the budget session of Feb-May 2016 saw improved co-ordination between political parties resulting in clearance of multiple legislations such as real estate bill and bankruptcy bill among others. We believe that such co-operation Read more

Narendra Modi Realizes Duties of PMO and Law Making

April 18, 2016 · Filed Under business · Comment 

The Prime Minister of India seems to have finally come to terms with how bad the situation in the banking sector
is. His extended presence in New Delhi also seems to have galvanised Parliamentary activity. The penny seems to have
finally dropped on Modi that he needs to spend more time in India rather than being the External Affairs Minister of India.

In the second half of the Budget Session, most experts in New Delhi as well as an eminent member of the Opposition are of the opinion that the Bankruptcy Code is likely to be passed in the second half of the Budget Session Read more

Open Letter to Finance Minister Jaitley on Indian Banks

January 22, 2016 · Filed Under bank · Comment 

Everybody knows the Indian Banking System is under severe stress and here is an open letter to Finance Minister Mr. Arun Jaitley in the Narendra Modi led Government. The Author of this letter is Mr. Suresh Ganapathy Banking Analyst with Macquarie Capital Securities.

Dear Mr. FM – What are you going to do with the banks? A burning question in the minds of investors, markets, analysts etc is – what is the end game for PSU banks? Sir, the PSU banks, which control 70% of the banking
system assets, are in a bad shape with Read more

Indian Economy – A Conundrum for Modi / Jaitley

January 20, 2016 · Filed Under business · Comment 

Indian Economy is one of the toughest to guard and the major responsibility lies with the Finance Ministry shared with RBI and other Institutions. It is no brained and even a high school kid will tell you that the economy is in doldrums be it the GST Bill or Major policy decisions where the Ministers have flip-floped maybe due to lack of governance experience and arrogance for not listening to expert analysts like us.

The Good in the Modi Government
Almost everyone we have met in the bureaucratic circles over the past year has highlighted that the work ethic has been strong at various ministries thanks to consistent pushing from the Prime Minister’s Office (PMO), which holds regular review meetings Read more

BJP Gets Bihar Election Arithmetic Wrong – Opinion Polls

September 11, 2015 · Filed Under business · Comment 

Bihar—the Hindi heartland—post the 2014 polls, has for the first time turned into an electoral battleground. It is a large state characterised by embedded religion & caste based loyalties and the stakes are high for both the alliances.

For PM Modi, it is in a sense a referendum on his governance of past 15 months, especially after the recent washout of Parliament session. Besides, this election comes after BJP’s humiliating defeat in Delhi Assembly polls.

For the Janata Parivar, which has been cobbled with merger of 2 regional foes, it is a grand experiment to halt the Modi juggernaut. Failure to do so will seriously undermine their political prospects.

Caste equation favours grand alliance…: As it stands today, the caste equation is stacked in favour of the Janata Parivar. The alliance will consolidate Yadav, Muslim and Koermi votes (~35-40%), ~3-5% higher than NDA’s core vote bank of upper castes and Dalits. As regards Read more

CAG Report on Reliance Jio Overemphasize

May 20, 2015 · Filed Under business · Comment 

A report released by Comptroller and Auditor General of India on Communication and IT highlights various findings out of the performance and compliance audit of Department of Telecommunication (DoT)

Two key points involving Reliance Jio Infocomm include it getting an undue benefit of Rs33.67bn when migrating to Unified License (UL) and lack of diligence by the DoT in the auction of BWA Spectrum.

Firstly, the report highlights that the BWA auction NIA did not include financial parameters such as net worth, lack of intermediate roll-out milestones and fixation of lower rate of spectrum usage @ 1 per cent of AGR. The DoT did not Read more

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