FreePress India - Breaking News and Editorial in Indian Business

India’s RBI Policy Won’t Strengthen INR against USD – Need Strong Decisions to Curb BlackMoney Economy

July 30, 2013 by Editor's Desk

India’s Central Bank, the RBI introduced two rounds of liquidity tightening measures on 15th and 23rd July, which have served to push market rates sharply higher and brought temporary stability to the rupee, only to bounce back to Rs 60.45 against USD. Subbarao’s last meeting as RBI governor ended in a whimper rather than a bang – all interest rates were left unchanged as had been almost unanimously expected. Subbarao’s most likely successor is the pragmatic Raghuram Rajan who is current the chief economic advisor to the finance ministry.

The guidance paragraph in the RBI’s statement was more dovish than one might have been expected, suggesting that if hadn’t been for the weakness of the

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India General Elections 2014 – BJP’s Narendra Modi Gaining NationWide Momentum for Simple Majority

July 9, 2013 by Editor's Desk

In a recent Survey that was conducted across the length and breadth of the country funded by Investors who pour billions of Dollars in the Indian economy, the outcome was surprising as the Narendra Modi #NaMo wave has made in-roads into rural India as well.

According to the Survey BJP under the able leadership of Honorable Chief minister of Gujarat, Narendra Modi is inching close to 200 Lok Sabha Seats. Uttar Pradesh will Spring a Surprise as it will send Large Chunk of BJP MPs to the Lok Sabha under the able Local Leadership of Amit Shah. In 2012 Assemly Elections in UP, in more than half the constituencies in the state, the difference between

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eGovernnce and Digital Citizens – The GameChanger for India Going Slow

July 2, 2013 by Editor's Desk

Digitizing India has the potential to reduce bureaucratic hurdles in starting and running businesses in India. Making interfaces more customer friendly [eTax Filing and eCash disbursement], introducing and publicizing penal action and consolidating data across platforms will make governing India easier and possibly a lot cheaper. More important, the data that is generated needs to be made public in a format that can be understood by humans and machines: High-quality data coupled with in-depth analysis can lead to significantly improved outcomes.

Getting the hardware, software and bandwidth in place
An important element of the digital revolution will be the ability of the common man to access it. (1) Hardware availability, (2) bandwidth constraints and (3) user charges remain prominent constraints even as the Government has begun to address some of these issues. India plans to install a

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UPA – Under Performing Alliance Reforms to End in August-2013

June 21, 2013 by Editor's Desk

The UPA Government led by the Corrupt Congress Party should be congratulated for destroying the India’s employment rate which has dipped to 38.6% in 2011-12 from a high rate of 42% which was at the end of BJP Regime in 2004-05.

Political experts are of the view that whilst a series of reforms are in the pipeline, barring the possibility of coal price pooling being approved, the other reforms are likely to have a limited impact on the real economy. The Corrupt Congress’ attention is now likely to

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Was Viswaroop Post of Advani a Taunt on Narendra Modi ?

June 10, 2013 by Editor's Desk

L K Advani Wrote a Blog about the Movie Viswaroop and may have targeted Narendra Modi by calling him Hitler. L K Advani in his blog said a few lines about the movie which we don’t have to read, but his words to Kamal Hassan recalling his days from Karachi are as below,

Real Estate Regualtions – Implications for consumers and developers

June 7, 2013June 7, 2013 by Editor's Desk

The Real Estate (Regulation and Development) Bill 2013 proposes (1) uniform guidelines for registration of real estate projects – to improve transparency, (2) to increase developers’ obligations towards buyers and (3) to form additional real estate regulators, tribunals and councils to overlook the speedy resolution of litigation.

As most of the rules pertain to developers, they will help consumers to make better buying decisions; more importantly they will bring clarity through a single website for various projects (which though available, were not displayed by a Government body). Besides, delivery timelines will be more clearly defined.