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January 31, 2006



The more you spend, the more you earn
There is a great investment opportunity opening up in India. It is called the 'lifestyle segment.'

What are all those copywriters doing?
Have we been doomed to a lifetime of bad advertising?

10 rules for independent directors
A board position is not very different from taking a seat in the cockpit of an airplane.




January 30, 2006



The Greenspan legacy
Greenspan's tenure challenged a widespread trend towards separation and specialisation in central banking.

DD, the bad loser
Doordarshan is back to fighting for cricket rights it didn't bid for.

Tips to become RICH
No matter which life stage you are in, you have a future ahead of you and you should not leave it to chance- you must plan for it. So what are your financial goals?




January 28, 2006



Why reforms are slow in India
Reform is slow in India because of reformers. It is their shrillness that is the problem

Energy security: India's future is in the private sector
The erstwhile public sector monopoly will lose ground, and one or two new private players will eventually become the kings of the show

India's dilemma: To spend or hold its forex reserves
If there is a crisis, neither the higher growth nor the lower financial costs would be of much use.




January 27, 2006



Micro finance lessons at IIM-B
A realisation is dawning on the micro finance sector that operational and service quality is of critical importance even in dealing with the poor.




January 25, 2006



Search engines: Your privacy is at stake
It's time the search engines fought back, or that users took steps to protect their privacy from search engines.

Tax breaks for bank deposits?
With even PPF and others such savings getting higher interest, there is a case for levelling the field

'CATs' need longer lives
Without a doubt, quality of placement is among the most important attribute that aspiring management students look at when applying to a B-school

Three bad taxes and some remedies
The "dream team" has introduced three rank bad taxes and somewhat derailed the train of modern Indian tax reform flagged off by V P Singh in 1985.

Budget is just routine stuff now
Budgets have ceased to create the same excitement that they used to do even some years ago




January 23, 2006



Is 2006 a top down year?
Purely from the perspective of liquidity flows, one can continue to be bullish on the Indian market

Use perks to lower tax outgo
If used properly, it can legally reduce tax payments




January 21, 2006



NRIs mean windfall for India
All non-resident Indians, but it took a Bengali family that had migrated from mofussil Midnapore to Baltimore a couple of years ago, to show why NRI is sometimes spelt "Not really Indian" or "Not reliable Indian".

Open-source Vs closed-source
The software industry is divided over the pros and cons of open-source versus proprietory "closed-source".

Inclusive growth, exclusive Indian
There is a distinctive aspect of the Indian elite, an aspect that I have not found replicated in any part of the world. I would appreciate any corrections to this view, and/or support.

Why 100 firms rule India Inc
Some simple analysis of last year's results for the 1,000 largest companies, done by the Business Standard Research Bureau, shows that the 100 largest companies accounted for as much as 72 per cent of the sales




January 20, 2006



What India can do with its forex pile
There does not appear to be any imminent cause for worry on account of large foreign exchange reserves.

How to 'think outside the box'
This article addresses and explains what it means to 'think outside the box,' why it is so important in any industry and how it has helped many industries/companies to transition the business outcome from mediocre to extraordinary.




January 19, 2006



The fate of mom & pop stores!
It is high time the government of India articulated a clear strategy and policy for the internal trade activity in India.

Don't expect any rate hikes
Monetary policy has already got tight without hiking key rates.




January 18, 2006



How to curb IPO scams
IPOs based on pure auction can solve many of the problems of our securities markets.

Who's afraid of the Jet-Sahara deal?
The real fear arise only if the Union civil aviation ministry creates artificial barriers for new players intending to enter the airlines business.




January 17, 2006



Top 5 steps to evaluate BPO firms
Here are list five fundamental steps that can be followed to encourage small and medium businesses to compete in a level playing field in the era of globalisation and digitalisation.

What the Budget may look like
The Budget as an instrument in communicating policy stays important, with themes big or small.

Are your outsourced operations secure?
Ensuring effective security methods require a combination of integrity, availability, and confidentiality along with a robust compliance framework and monitoring system.




January 14, 2006



Reliance & the problems of settlement
Here are a few reasons which compound the problems of settlement for Reliance that emerge due to its enormous size.

How slow reforms have helped markets
The correct strategy for the government is to prioritise reforms internally and then use many of these so-called reforms as bargaining tools that it can give up anytime without any real-life impact.

How to understand India's economy
India's recent economic history cannot be understood uni-dimensionally.

Reading the tea leaves
Indian companies are entering a new phase: the tear-away profit growth of the past three years, fuelled by lower interest rates, will come to an end.




January 13, 2006



Why STT is a wrong tax
The STT is a wrong tax because it drives up transaction costs--when the very purpose of financial sector reforms is to reduce transaction costs.

O dear, must I decide right now?
The best decisions are taken by instinct, and not by frequency distributions.

Is the rupee valued correctly?
We need to review concessional yen loans, which were contracted 10-15 years ago and still have 10-20 years left to mature.

Big business and the political process
The rush for investment at the cost of constructive state intervention in health, education and social infrastructure could be India's biggest stumbling block in its headlong rush for economic supremacy




January 12, 2006



Poor salaries harming RBI
The Reserve Bank of India has an absurd officer-to-staff ratio and poor salary structures.

The failed purpose behind fringe tax
One of the tasks of any taxman is to collect money with the least pain; by that yardstick, the FBT does not pass muster.

Labour militancy back in India?
The industrial disputes in Honda and Toyota have shattered the record of a decade of relative peace




January 11, 2006



Magical world of convergence
Digital convergence is finally getting the recognition it deserves.

What's the right ayurvedic potion?
Baba Ramdev's aggressive selling of ayurveda, both as a way of life (yoga) and as medicines, has made the kings of junk foods (read MNCs) scamper for cover

Why global markets will boom in '06
As we enter 2006, everyone's in-tray is invariably flooded with reports and e-mails detailing the investment outlook for the year.

Innovate and rule the world
The latest Nasscom-McKinsey report indicates that if India can beef up its supply of urban infrastructure and skills, there are at least five more years of top-of-the-line growth in software and services (IT and BPO).




January 10, 2006



Whither the public distribution system?
Its reach is impressive. But what is its best use.

'Caste barrier' limits air travel!
The 'caste barrier' restricts our conception of the air traveller as a wealthy, sophisticated urbanite who needs air-conditioned airports and five-star in-flight service.

The other reshuffle
A fourth of all secretaries to the government will retire this year.

India's LDCs
If one applies the 80/20 Pareto rule, roughly 120 of India's 600 districts should be backward.

B-school graduates don't like risks
Normally, students in a B-school are not from business families and, hence, are averse to taking risks.




January 09, 2006



Don't regulate broadcasters
A policy which calls for regular government approvals could create an element of uncertainty.

Economy's changing, leaders aren't
The competitiveness of manufacturing and the interest in corporate agriculture is a positive sign, but the unchanging nature of politicians is unnerving.

The big threat to Indian economy in 2006
Of all the potential risks for the economy and markets this year, the shortage of liquidity is right on top.

India to continue booming in 2006
India's prime minister and finance minister could well be the ones to push the Indian economy into an even faster growth trajectory.




January 07, 2006



India and its archaic media laws
Publications that grow from one category to the next would have to dilute their foreign shareholding

India: 8% growth is already here!
8 per cent GDP growth for India is given, and populist politicians, the so-called left and interventionist bureaucrats can do precious little about it

Competition Bill: still too many flaws
From giving the proposed commission some adjudicatory powers which are those of the Tribunal, to staffing it with ex-MRTPC personnel, the list goes on

China is doing better than India
India needs to address lopsided development to avoid Orissa-style protests




January 05, 2006



Will India protect intellectual property?
Earlier this year, India passed a milestone in the protection of intellectual property.

Will infrastructure be a problem?
Dangerously overloaded passenger trains, gridlocked city roads, and aging airports all show that something is wrong.

Is offshoring in India worth the political risk?
As offshoring evolves, the focus will expand from reducing costs to exploiting value-added opportunities and generating revenues.

How do successful multinationals approach India?
They have invested for the long term and made a strong organisational commitment by assigning senior managers to work with established local teams.

Isn't China the richer opportunity?
Although India's growth potential in many sectors is second only to China's, India isn't a place for anyone hoping to make a quick rupee.

Are the multinationals really welcome?
Foreign direct investment has increased since the start of the reforms, but inflows are still anemic, especially compared with the amount China attracts.

The Lure of India
'The momentum behind reform is irreversible, for it is driven by a collective belief that India must have a strong economy to improve its standard of living to be taken seriously by the world.'

Where is services biz going wrong?
Failing to appropriately set and then manage customer expectations can only hurt service businesses in the long term.

Telecom to enter a new age
Voice over Internet Protocol services such as Skype have already turned geography irrelevant globally.

How to judge a PSU
PSU reforms should be on systematic changes for results, not on ownership.

India's pension non-reform saga
Even if there's any merit in revisiting the new pension rules for new government employees, it cannot be at the cost of putting the rest of the country's workers on hold.




January 04, 2006



Is investor data secure enough?
Advocates of civil liberties view MAPIN with great concern, given India's traditional weaknesses on the core principles of a liberal society.

Don't let the Left hijack pension reforms
The consensus of the CPI(M) Politburo, rather than the consensus of Parliament, calls the shots. Pension reforms have been one of the important areas where Indian economic policy has been hijacked by the Left.




January 03, 2006



How to hire a firm for outsourcing
Here is the evaluation process when hiring small and medium sized companies to cater to your outsourcing needs.

Roadmap to goods and services tax
Given the prevailing rate structures, on average both the Centre and the states could levy the tax at 10 per cent.

Here's to finding Dr Singh
Besides, as the head of a government so concerned about the fate of the aam aadmi, how can Dr Singh justify the complete lack of movement on the New Pension Scheme?

UPA may not deliver much in 2006
If the UPA has delivered nothing in 2005, the problems lie elsewhere. 2006 promises to be more of the same.

How globalisation creates jobs
It does push relatively low-skilled jobs to poorer countries. Is the Left listening?




January 02, 2006



Is Indian economy shock-proof?
We must recognise the limits to our ability to take the growth rate higher than what it has been over some years, says Subir Gokarn.




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