Driving Enterpreneurship through SME’s , IIC New Delhi
The first seminar of the monthly “PIF-YGI Monthly Seminar Series on MSMEs” was held in New Delhi on the 3rd July 2017. The Introductory remark was made by Shri Sumit Gupta, Group President & National Head Business and Rural Banking, YES Bank Limited and the session was moderated by Dr Rajiv Kumar, Founder Director, Pahle…
REITs and InvITS and Infrastructure Financing, Mumbai
The ninth seminar of the monthly “BSE-PIF Financial Sector Policy Series” was held in Mumbai on the 29th June 2017. Shri Neeraj Kulshrestha, Chief of Business Operations, BSE made the opening remarks at the session. The panellist at the seminar included Ms Barnali Mukherji, CGM, SEBI, Shri Prasad Dhonde, Head – Alternate Assets, Birla Sun…
Defence Spending: More From Where?
India spends 2.35 per cent of GDP on defence. This includes defence pensions; and pensions must be included because it is after all an integral part of defence expenditure. This is also the norm internationally. Therefore, it is this figure that we must use when we compare India’s defence spending with that of other countries.…
Why RBI needs to tap insurance, pension funds for infra finance and not go for long term finance banks
Since the Reserve Bank of India released its discussion paper on Wholesale and Long-Term Finance Banks (WLTF), much ink has been spilt over how it is much needed or how it has been tried before with ICICI, IDBI, IDFC etc. and failed. India’s infrastructure is generally accepted as inadequate and inefficient. India could do with…
GDP Growth Mirror, Mirror on the wall
Having just returned from Italy meeting investors, academics and officials, I find the gulf between the foreigners’ perception of India’s economic story and that of domestic commentators most perplexing. Could it be that the latter are focusing excessively on the here and now, while foreign investors and domestic stock markets are looking more at what…
Prepare for along GST haul
Two incidents brought home to me that it is still a long haul ahead before the country has an efficiently operating Goods and Services Tax (GST). The first was the activeencouragement by a salesperson ina boutique furniture store tofinalise our purchase of a pair ofbeautiful reclining chairs, which wecould not afford, before the onsetof the…
The push Indian healthcare needs
Robust intellectual property rights regime holds the key to incentivising research on medicines One of the 17 Sustainable Development Goals (SDGs) articulated by the United Nations in 2015 is to “Ensure healthy lives and promote well-being for all at all ages”. India is among the countries that agreed to this sustainable development agenda. Governments, businesses…
Lohia and his ideology: Today’s political weapons?
In a bid to entice the economically and/or socially marginalised sections of society, political organisations in India are projecting themselves as champions of inclusive growth, democratic socialism and principled politics. These organisations have scrambled to embrace the remnants of Ram Manohar Lohia’s ideology, generously invoking the visionary thinker, when talking about the future of socialism,…