Reforms like private sector involvement and optionality approach can make defence procurement and indigenisation viable and ensure India’s military superiority in the subcontinent. over the past three years, there has been a marked focus on implementing defence procurement reforms. Many are of the opinion that India’s focus on defence procurement reforms is unique. However, this…
PIF has organised a roundtable on ‘Infrastructure Requirements of Air Express’ on 1st March 2017 in New Delhi. The Introductory remark by Dr. Rajiv Kumar, Founder Director, Pahle India Foundation and Chaired by Shri Rajiv Nayan Choubey, Secretary, Ministry of Civil Aviation.
The sixth seminar of the monthly “BSE-PIF Financial Sector Policy Series” was held in Mumbai on the 22nd February 2017. Shri Ashish Kumar Chauhan, MD & CEO, Bombay Stock Exchange Limited made the introductory remarks while the opening remarks were made by Dr Rajiv Kumar, Founding Director, Pahle India Foundation. The seminar discussants were Shri…
Everyone agrees that the budget is a political exercise, albeit couched in economic and financial terms. It touches the lives of virtually the entire population. Therefore, its impact is far reaching and necessarily takes on political overtones. It is often used to serve immediate partisan interests as for example in 2008, when the then finance…
Disclosure requirements of political parties must be linked to the income received by a party in a financial year On November 8, 2016, when Prime Minister Narendra Modi declared 86% of the currency in circulation as illegal tender to curb illicit wealth, he promised to take more steps to curb the generation of black money.…
Do the marriage of ideologies and the union of oppositions truly have a beneficial outcome? It is that time when contesting parties take the road less travelled, appease their voters with dream schemes and manipulate vote share. In the fragmented marketplace, it is monastic to forecast winning two-third of the assembly benches. Thus, coalitions or…
The trouble plaguing Young India today is that its schools and colleges put them through the wheels but leave them without usable skills. This has to change India has been among the fastest growing economies in the world. World Bank estimated that in the 1960s, approximately 45 percent of Indians lived below the poverty line.…
While there has been an overall increase in allocation, this is most likely money that went unspent in last year’s defence budget. This is indicative of systemic inefficiencies in the capital acquisition process. Over the past few months the major ask for defence in the 2017-18 budget has been for an increase in allocations. This…
Budget 2017 is expected to be a ‘big’ budget. With GST on the anvil and demonetisation already undertaken, the ground has been laid for the government to announce some big-bang measures for promoting investment and lifting the economy to a… Budget 2017 is expected to be a ‘big’ budget. With GST on the anvil and…
The ideal GST has just one rate. In the last Council meeting held, it was agreed to have four. This is a step in the right direction as the poor will get some relief. However, simplicity of the structure has been compromised by implementing cess for five year period to compensate the States. Maintaining a…
