"Reviewing the Regulatory Framework for the Direct Selling Companies in India"
- Nirupama Soundararajan and Arindam Goswami
"Achieving Trade Competitiveness Through Air Express"
- Gunja Kapoor and Padmaja Pati
In India, direct selling and multilevel marketing companies had all been inadvertently bracketed as illegitimate business ventures, pyramid and Ponzi schemes. On several instances, uncovering of a financial scam in India had been equated a multilevel marketing or direct selling scam in both public parlance, in media trials and even at the governance level. This mind set of both consumers and policy makers can be largely attributed to lack of awareness about the direct selling business and the varying regulatory guidelines of the industry. This paper aims to look at the fine prints of the existing regulatory framework and also examine the efficacy of the recent model guidelines on direct selling agencies issued Ministry of Consumer Affairs, Food and Public Distribution.
"Ease of Doing Business in Rajasthan and Andhra Pradesh"
- Nirupama Soundararajan and Shagun Khurana
India ranks 35 in Logistics Performance Index (LPI), compared to China at 27, Taiwan at 25, and Japan at 12. India’s merchandise trade to GDP ratio was 38.5 per cent in 2014 and 31.8 per cent in 2015, reflecting a high cohesion with the global economy. Global trade has burgeoned, by leveraging technology and air express for just in time manufacturing and time bound delivery. Air express not only allows companies to expand their trade footprint irrespective of geographical constraints, it also ensures customer satisfaction through high speed product services.. However, in the absence of a conducive regulatory framework, it would not be possible for the industry to meet the desired goals and become globally competitive. Regulatory challenges involve complex customs processes, limited automation, absence of an end-to-end air express policy, and approval from multiple ministries. Against this backdrop, it is imperative to deliberate solutions and potential policy support that would make the Indian air express industry globally competitive.
India ranks 100 in the World Bank’s Doing Business Report for 2018; a jump of 30 places from last year. The Department of Investment Policy and Promotion, along with the World Bank, has effected a series of business reforms in the last three years and Andhra Pradesh and Rajasthan are among the best performing states. Such rankings are an important determinant of investor perception about the opportunity, attractiveness of the market and the regulatory regime. India is on the correct trajectory, albeit, regulatory challenges persist and include a complex land administration system, continued delays in resolving disputes due to an overburdened judicial system and a plethora of required approvals and licenses. Given this background, Pahle India Foundation has collaborated with the Copenhagen Consensus Centre, to identify and analyse specific policy interventions that can contribute further to an institutional framework that supports an enabling business climate and ensures good governance.