A government the size of Karnataka should yield Rs 3,000 crore a year, through kickbacks. The cost of purchasing legislators being about the same, the payback is swift and fabulous. No wonder, politicians are lethal businessmen.
Thursday, October 28, 2010
Friday, October 22, 2010
Bharat, not India, needs FDI
The small shopsin the rural areas are unlikely to be affected by the advent of organised retail trade.
The UPA government is set to trigger yet another round of discontent, by restricting FDI (foreign direct investment) in retail to large cities with populations of over a million each. This tilt towards the urban, to the exclusion of the countryside, does not stand to reason.
The Government of India recognises the key role of FDI in supplementing domestic resources, and as a source of technology and global best practices. The restriction of FDI to larger towns can only be counterproductive.
The UPA government is set to trigger yet another round of discontent, by restricting FDI (foreign direct investment) in retail to large cities with populations of over a million each. This tilt towards the urban, to the exclusion of the countryside, does not stand to reason.
The Government of India recognises the key role of FDI in supplementing domestic resources, and as a source of technology and global best practices. The restriction of FDI to larger towns can only be counterproductive.
Subscribe to:
Posts (Atom)