There is no difference between advertising products and peddling opinions in the press because they are paid to. Media barons’ business model and the belief that society will continue to produce similar response always and ever is terribly misplaced
If the government lays its full power on this and does not permit either unions or the bureaucracy or the opposition to disrupt its plan, this will certainly be a game-changer for the Indian economy. Otherwise, it will be nothing but the disposing of the family silver. And the mere dismantling of public sector undertakings that have played a crucial role in nation-building will prove poisonous for the country.
Whether against Vodafone or Cairn, the cost in terms of time and spoiled investment ambiance for the nation is much above any rewards to the exchequer. The government’s intention of imposing the sovereign right to tax will create tremendous confusion or misperception and adversely affect the investment atmosphere. For a nation famished of private investment in infrastructure, this is self-defeating policymaking. The NDA government would have scrapped the remorseful provisions of the Income-tax in its first Budget itself.
To win in games or investing, you have to be at least one step ahead of your counterpart. Many successful names believe that playing poker is the best off-time activity to improve investing skills. Some well-known names who play poker are Jack Ma, and David Einhorn, co-founder of the hedge fund Greenlight Capital.
The Central Bank’s framework to constrict inspection of large NBFCs is crucial for fiscal steadiness. The shift from a common line of light touch control to one that screens larger players almost as closely as it does banks is a welcome move. This could be the biggest refurbishment of the governing structure for such finance companies or shadow banks in over twenty years if executed effectively.
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