India ready to replace China in several export-oriented sectors

2020-05-15T13:31:36+00:00May 15th, 2020|India Inc Views - India Global Business, Last Word|

After the lockdown is lifted, Indian companies might find many Western and Japanese buyers sourcing goods and intermediaries from them, rather than their existing suppliers in China. There is a WhatsApp forward doing the rounds in India, which says we will soon begin to classify time periods as Before Lockdown (BL) and After Lockdown (AL) in place of AD and BC. Like many things forwarded in jest, this, too, may contain more than a grain of truth. Related Stories: Why [...]

Sending COVID-19 medicines to Africa part of Modi’s strategic outreach effort

2020-05-11T05:24:12+00:00April 24th, 2020|2020, India Inc Views - India Global Business, Last Word, North America Edition – 24 April-07 May 2020, UK Edition – 24 April-07 May 2020|

India’s decision to export drugs to fight the coronavirus pandemic stands out in sharp contrast to China’s high-handed behaviour towards African tourists and students. Africa may be among the regions that COVID-19 has affected the least, but this has not stopped India’s Narendra Modi government from extending its hand of friendship to the continent. When New Delhi announced the list of countries it would export Hydroxychloroquine (HCQ) – an anti-malarial drug that some doctors believe is effective in fighting the [...]

India’s promise to its foreign investors

2020-05-11T04:56:05+00:00April 10th, 2020|2020, India Inc Views - India Global Business, Last Word, North America Edition – 10 April-23 April 2020, UK Edition – 10 April-23 April 2020|

Even as India remains under lockdown, the Indian Government is walking the extra mile to reassure foreign businesses. The Indian government has been ahead of the curve in meeting the COVID-19 crisis head on. And even as Prime Minister Narendra Modi and his core team have been working on an exit strategy from the lockdown, another arm of the government, its foreign investment facilitation agency, Invest India, has been burning the midnight oil addressing queries from both foreign and Indian [...]

India needs legislature to address telecom AGR dues

2020-05-11T04:20:06+00:00March 27th, 2020|2020, India Inc Views - India Global Business, Last Word, North America Edition – 27 March-09 April 2020, UK Edition – 27 March-09 April 2020|

Rather than allow a crucial sector like telecom to sink, the government should bring in legislation to override the orders of the Supreme Court. The Indian Supreme Court has threatened to slap contempt of court proceedings against officials of the Department of Telecom (DoT) and senior executives of private telecom companies for not following its orders on the payment of aggregate gross revenue (AGR) dues that have accumulated over two decades to about $21 billion. The issue lies in a [...]

No, Supreme Court has not said cryptocurrencies are legal in India

2020-05-11T04:06:07+00:00March 13th, 2020|2020, India Inc Views - India Global Business, Last Word, North America Edition – 13 March-26 March 2020, UK Edition – 13 March-26 March 2020|

The recent apex court judgment does not say anything on its legal validity. But this order could be overtaken by a proposed law that bans all unofficial virtual currencies. The Indian Supreme Court recently set aside a circular of the Reserve Bank of India barring Indian banks and other financial intermediaries from providing banking and other services to a person or company dealing in cryptocurrencies. Most media platforms in India and abroad have interpreted this as a victory for proponents [...]

India set to become the world’s third largest economy

2020-05-11T03:39:11+00:00February 28th, 2020|2020, India Inc Views - India Global Business, Last Word, North America Edition – 28 Feb-12 March 2020, UK Edition – 28 Feb-12 March 2020|

To get to the coveted third place India will have to outpace Germany and Japan; the good news is – it can. At a recent fireside chat with Microsoft CEO Satya Nadella, Reliance Industries (RIL) Chairman and India’s (and Asia’s) richest man, Mukesh Ambani, said India could become the third-largest economy in the world over the next decade and has an opportunity to become a “premier digital society” along the way. How feasible is this? Or should it be dismissed [...]

Air India sale to boost Modi government’s reformist credentials

2020-05-11T03:24:16+00:00February 14th, 2020|2020, India Inc Views - India Global Business, Last Word, North America Edition – 14 Feb-27 Feb 2020, UK Edition – 14 Feb-27 Feb 2020|

India’s national carrier, which failed to find a buyer when it was put on the block two years ago, is once again in play. And this time, the Modi government has sweetened the deal by removing more than $4-billion debt from its books and offering to sell a 100 per cent stake. The last time the Maharajah, aka Air India, was up for sale, it found no takers. When the Narendra Modi government tried to sell a 76 per cent [...]

Intolerant Economist

2020-05-11T03:10:43+00:00January 30th, 2020|2020, India Inc Views - India Global Business, Last Word, North America Edition – 31 Jan-13 Feb 2020, UK Edition – 31 Jan-13 Feb 2020|

Respected western publications such as The Economist and others are echoing the angst of the old Indian elite who have been denied the benefits of official patronage by Prime Minister Narendra Modi. Consequently, their recent coverage of India is coming across as biased and agenda-driven. Over the course of the last year, India has been at the receiving end of some very sharp coverage in the western media. The grouse and, we dare say, the vitriol are aimed, in particular, at one [...]

India powers ahead with UK in pursuit of energy efficiency

2020-05-11T03:44:36+00:00January 10th, 2020|2020, India Inc Views - India Global Business, Last Word, North America Edition – 10 January 2020, UK Edition – 10 January 2020|

The Indian Cabinet has approved an important pact with the UK to strive for greater use of solar and wind energy within the country’s railway network, a key step towards meeting Prime Minister Narendra Modi’s target of 450 GW of renewable energy capacity by 2030. India has committed to achieve 175 gigawatts (GW) of renewable energy capacity by 2022, a target further enhanced recently when Prime Minister Narendra Modi committed to increasing the country’s renewable energy capacity to 450 GW [...]