India's debt-burdened distribution utilities have been reluctant to agree to long-term contracts, particularly with prices of solar power expected to continue to decline.
BlackRock & Norway’s Storebrand have raised concerns about SBI's proposed Rs 5,000 cr-loan to Adani Enterprises for its Carmichael coal mine in Australia.
The $16 billion Carmichael coal mine project in Queensland has been surrounded by controversies since its inception due to regulatory and environmental issues.
The video being circulated as a recent video, accusing the Modi govt of privatising railways, is an old one from 2013. India opened railways to privatisation in 2007.
Outgoing Australian High Commissioner to India Harinder Sidhu says work on Adani’s Carmichael coal mine project has started, also asks India to reconsider RCEP.
Adani will lose around $220 million a year if the Carmichael coal project goes through. Which raises the question, why is everyone adamant that it goes ahead?
Through film, textile, scent, sound, and gesture, spectators are invited to descend into an immersive environment where inherited knowledge seeps through material and form.
November exports to the US saw 10% growth from the previous month. Overall, in the first 8 months this fiscal, the merchandise exports to the US touched has touched $59bn.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
The only point you made is to show your inclination for a post-retirement job. Maybe you slept through the lectures on ethics and neutrality in LBSNAA.
Written with a clear agenda – to defend these corrupt fixers of everything in this country. I can’t believe the editors would let this pass (even in the opinion column!). The lady is clearly inspired by Trump if she wants to “Make India Great Again” so I won’t even venture to assess her judgement (or lack thereof). But for the editor to let this through is really telling of where “The Print” is headed – to the same pandering and sycophancy of the sold media it promised an alternative to.
I wish they placed the author’s bio before her article. I wouldn’t have had to waste 15 minutes reading the circular prevarication of a right-wing former executive looking for post-retirement employment. You’ll be a good fit for the company law tribunal ma’am.
You operate on the laughable assumption that corporates’ money is made out of personal industry. What about the money that Anil Ambani, a failed corporate head, reeling under bad debts, will make from the Rafale deal? Surely, the value he created for society was in the negative, and therefore, his company was withering. Why then, did the government decide to nurse him back to affluence through a defense deal, doing so at the possible cost of low-quality jets (given that Reliance will be making jets for the first time, unlike HAL), and possibly at the cost of the IAF pilots who man these aircrafts in the future.
Anybody with any knowledge about company law knows well that Ambani’s track record has been anything but scrupulous, when it comes to legal compliance.
So please, dear author, grow a conscience. Don’t let your visceral inclinations blind you to what’s written on the wall. America was made great again on Jan 6. I wonder, given the name of your book, if you’ll be the lady who dons a viking helmet when you storm the Capitol in India.
The whole world understands that businesses become big and important when they identify a market need and operate to extract that value. None of these statements need be controversial — India needs a lesson in basic market economics thought as part of high school education. India has large government, but that doesn’t translate to governance — you need a strong competition commission that ensures no one gets too big and cartelization doesn’t occur. The hatred for wealth is a 70s idiocy — there’s no need to hate wealth, a profit motive drives private business and value creation and hence competition.
The article could be better written, but a lot of the sentiments about trust deficit is true. India needs to unshackle itself off this fear of corporate takeover of life. No corporate wants to horde a product that rots easily, that too in a an industry like farming where you can find alternative products rather easily. We have used a formula for agriculture that has failed farmers and created powerful middlemen — for once let’s try to create competition. If the middlemen can’t keep up with the competition, they will perish and that’s completely fine — creative destruction is a central tenet of good capitalism.
You cite two examples of large companies which went under , and then suggest that they went under because they indulged in corrupt practices.
Both the companies you mention had been in business for more than 15 years , and established a great reputation for themselves , before the scandals broke.
Can we not therefore conclude that all industrialists who make it big are potential crooks who have not yet been caught out in their shenanigans ?
Why has SEBI imposed a 70 crore penalty on Reliance ?
Do you think that a company which has been caught in such an offence can otherwise be a torchbearer for probity ?
Sad to see Shekhar Gupta and his Print becoming a soft toady and apologist for the modi government and its cronies. The farm laws seem to have a lot of good in it, but has anyone analysed the practical reality in states that have abolished APMC’s and have market operations.
This article is also in the same vein. The author can expect a good job in Reliance or Adani on retirement. If such cynicism exists today, aren’t people like this author also responsible. What has he done in personal capacity to change things.
IAS and at that having a platform of ” Making India great again” first thing I wish to say that love and hate are at two opposite poles. A new terminology has been discovered relating these two terminology. No one loves a man who makes profit out of miseries of human being. Why is it that in an European countries no one targets a rich man, but here in India they are and so are the honest men. Dishonesty sells at a premium here in India while disincentives are largely made available for those who are honest. IAS are a separate breed altogether who toe the line of their Political Bosses, their loyalty weighs much more to the Political establishment than to the constitution and they hide behind such forums while they are willing ever to disown such forums if there is a change in Political leaders. And to say just one word that Trump has shown how to make America great again and let this IAS see this for himself . The effort to make India great again should be made available to see that people can live with dignity of life and the livelihood supports that. Ambanis, Adanis think that making India great again is to make Modi great forever and they pour their profit to make themselves the richest man of the year.
Reliance JIO entered the telecom market by pricing its products below cost, which is a major breach of competition policy and is illegal. Moreover TRAI helped JIO in its quest for market domination by allowing JIO to offer free services 6 months while the legal time is 3 months. That is a clear case of government collusion. Today, the telecom sector has been effectively reduced to a duopoly from 12 players earlier. The entry of JIO has bankrupted the telecom sector while banks which lent to these players have been left with huge NPAs.
“Successful” companies like Standard Oil, US Steel, JP Morgan, Goldman Sachs, AT&T, Walmart have all engaged in outrageous anti-competitive and illegal practices. The recent anti-trust cases against Facebook, Google and Amazon are a case in point where what they do to maintain market power is not only illegal but highly unethical. So please stop peddling this lie of a “successful” business having gained its dominant position by sheer hard work and merit because history has shown it to be otherwise.
Common people are not muppets as many people in positions of power think.They only need to look at what happened in the telecom sector with recent entry of Reliance in the field to know what awaits them! A sector with true competition with 11 providers have gone down to three providers with the other two struggling to survive in the afce of onslaught from Jio and the sector will soon become a monopoly or duopoly with consumers having not choice .The farmers know that without MSP and mandis, before long, they will be at the mercy of corporates ,who will force down the prices for enriching their bottom lines.If the farmers are just jealous of billionaires, why are they not protesting against Tata or Godrej or Mahindra and who is there ire only against Ambani and Adani? It is because they know who this government is batting for.
It is strange that on one side some dislike billionaires while at the same time eulogising startups. As long as the business is done by honest means, we should welcome people who do well, rather than run them down. Being poor cannot be made a virtue.
Why have the writer absolved ‘Pseudo socialist’ common man who has been poisoned by so called Commies over the decade?
This hypocrite common man won’t mind his son or daughter joining these rich people’s companies. However this hypocrite common man is elated after hearing the placement of their children in the companies owned by the same Ambani-Adani .
Lot to say …but
India needs big Industrialists who are the engines of growth and people should understand that without them we cannot compete with the best in the world. If they invest in the domestic market and earn a profit, there is nothing wrong. They can help the farmers with the kind of infrastructural support which the farmers need for growth and high profitability. The Government has limitations vis-a-vis big Industrialists which people must understand and should allow themselves to be misled.
The petty corruption happening at the grassroot level the author eludes to is a percolation of the systematic well organised corruption having it’s root at the top echelon of the society.
If we seek out history and are brave enough to acknowledge all the bumps and warts, one will be able to trace the beginning of corruption in India and also be able to crown “Father of Corruption “
Everybody only hates billionaires who use their wealth to fund political parties which then only function for their benefit. Modi has done everything in his power to benefit Ambani and adani. Now he wants everyone to be enslaved to coorporations. It’s only natural that people resist.
Those who are resisting are only doing dirty politics. And they even broke jio towers which is a criminal act.
Well said.
Farmers and middle men are swindling consumers, charging more than market price. Punjab is one of the most corrupt place. Have you ever bought fake part from Punjab? if you did then you know.
I see your point of view mam, when corporate honchos like Adani and Ambani develop their businesses and make profit, it is good for our economy, there is nothing wrong in that, but, when government starts selective favouritism by making laws favourable to only few corporates, then that is crony capitalism, and people should and will call that out. Most of the protests against Adani & Ambani is for the same reason otherwise there are 10s of big private corporations like Infosys, Godrej group etc. nobody is protesting against them. You being an IAS officer and completely ignoring this point of view makes me wonder are you looking for after service employment.
The only point you made is to show your inclination for a post-retirement job. Maybe you slept through the lectures on ethics and neutrality in LBSNAA.
Dear IAS officer,
Ratan Tata, Azim Premji and Anand Mahindra are also billionaires why there are not much hate on those 3 like your employers?
Written with a clear agenda – to defend these corrupt fixers of everything in this country. I can’t believe the editors would let this pass (even in the opinion column!). The lady is clearly inspired by Trump if she wants to “Make India Great Again” so I won’t even venture to assess her judgement (or lack thereof). But for the editor to let this through is really telling of where “The Print” is headed – to the same pandering and sycophancy of the sold media it promised an alternative to.
I wish they placed the author’s bio before her article. I wouldn’t have had to waste 15 minutes reading the circular prevarication of a right-wing former executive looking for post-retirement employment. You’ll be a good fit for the company law tribunal ma’am.
You operate on the laughable assumption that corporates’ money is made out of personal industry. What about the money that Anil Ambani, a failed corporate head, reeling under bad debts, will make from the Rafale deal? Surely, the value he created for society was in the negative, and therefore, his company was withering. Why then, did the government decide to nurse him back to affluence through a defense deal, doing so at the possible cost of low-quality jets (given that Reliance will be making jets for the first time, unlike HAL), and possibly at the cost of the IAF pilots who man these aircrafts in the future.
Anybody with any knowledge about company law knows well that Ambani’s track record has been anything but scrupulous, when it comes to legal compliance.
So please, dear author, grow a conscience. Don’t let your visceral inclinations blind you to what’s written on the wall. America was made great again on Jan 6. I wonder, given the name of your book, if you’ll be the lady who dons a viking helmet when you storm the Capitol in India.
The whole world understands that businesses become big and important when they identify a market need and operate to extract that value. None of these statements need be controversial — India needs a lesson in basic market economics thought as part of high school education. India has large government, but that doesn’t translate to governance — you need a strong competition commission that ensures no one gets too big and cartelization doesn’t occur. The hatred for wealth is a 70s idiocy — there’s no need to hate wealth, a profit motive drives private business and value creation and hence competition.
The article could be better written, but a lot of the sentiments about trust deficit is true. India needs to unshackle itself off this fear of corporate takeover of life. No corporate wants to horde a product that rots easily, that too in a an industry like farming where you can find alternative products rather easily. We have used a formula for agriculture that has failed farmers and created powerful middlemen — for once let’s try to create competition. If the middlemen can’t keep up with the competition, they will perish and that’s completely fine — creative destruction is a central tenet of good capitalism.
You cite two examples of large companies which went under , and then suggest that they went under because they indulged in corrupt practices.
Both the companies you mention had been in business for more than 15 years , and established a great reputation for themselves , before the scandals broke.
Can we not therefore conclude that all industrialists who make it big are potential crooks who have not yet been caught out in their shenanigans ?
Why has SEBI imposed a 70 crore penalty on Reliance ?
Do you think that a company which has been caught in such an offence can otherwise be a torchbearer for probity ?
Thumbs down. Recommend the writer read A Feast of Vultures by Josy Joseph. Businessmen-politician nexus n crony capitalism.
Sad to see Shekhar Gupta and his Print becoming a soft toady and apologist for the modi government and its cronies. The farm laws seem to have a lot of good in it, but has anyone analysed the practical reality in states that have abolished APMC’s and have market operations.
This article is also in the same vein. The author can expect a good job in Reliance or Adani on retirement. If such cynicism exists today, aren’t people like this author also responsible. What has he done in personal capacity to change things.
IAS and at that having a platform of ” Making India great again” first thing I wish to say that love and hate are at two opposite poles. A new terminology has been discovered relating these two terminology. No one loves a man who makes profit out of miseries of human being. Why is it that in an European countries no one targets a rich man, but here in India they are and so are the honest men. Dishonesty sells at a premium here in India while disincentives are largely made available for those who are honest. IAS are a separate breed altogether who toe the line of their Political Bosses, their loyalty weighs much more to the Political establishment than to the constitution and they hide behind such forums while they are willing ever to disown such forums if there is a change in Political leaders. And to say just one word that Trump has shown how to make America great again and let this IAS see this for himself . The effort to make India great again should be made available to see that people can live with dignity of life and the livelihood supports that. Ambanis, Adanis think that making India great again is to make Modi great forever and they pour their profit to make themselves the richest man of the year.
Reliance JIO entered the telecom market by pricing its products below cost, which is a major breach of competition policy and is illegal. Moreover TRAI helped JIO in its quest for market domination by allowing JIO to offer free services 6 months while the legal time is 3 months. That is a clear case of government collusion. Today, the telecom sector has been effectively reduced to a duopoly from 12 players earlier. The entry of JIO has bankrupted the telecom sector while banks which lent to these players have been left with huge NPAs.
“Successful” companies like Standard Oil, US Steel, JP Morgan, Goldman Sachs, AT&T, Walmart have all engaged in outrageous anti-competitive and illegal practices. The recent anti-trust cases against Facebook, Google and Amazon are a case in point where what they do to maintain market power is not only illegal but highly unethical. So please stop peddling this lie of a “successful” business having gained its dominant position by sheer hard work and merit because history has shown it to be otherwise.
Common people are not muppets as many people in positions of power think.They only need to look at what happened in the telecom sector with recent entry of Reliance in the field to know what awaits them! A sector with true competition with 11 providers have gone down to three providers with the other two struggling to survive in the afce of onslaught from Jio and the sector will soon become a monopoly or duopoly with consumers having not choice .The farmers know that without MSP and mandis, before long, they will be at the mercy of corporates ,who will force down the prices for enriching their bottom lines.If the farmers are just jealous of billionaires, why are they not protesting against Tata or Godrej or Mahindra and who is there ire only against Ambani and Adani? It is because they know who this government is batting for.
It is strange that on one side some dislike billionaires while at the same time eulogising startups. As long as the business is done by honest means, we should welcome people who do well, rather than run them down. Being poor cannot be made a virtue.
Why have the writer absolved ‘Pseudo socialist’ common man who has been poisoned by so called Commies over the decade?
This hypocrite common man won’t mind his son or daughter joining these rich people’s companies. However this hypocrite common man is elated after hearing the placement of their children in the companies owned by the same Ambani-Adani .
Lot to say …but
India needs big Industrialists who are the engines of growth and people should understand that without them we cannot compete with the best in the world. If they invest in the domestic market and earn a profit, there is nothing wrong. They can help the farmers with the kind of infrastructural support which the farmers need for growth and high profitability. The Government has limitations vis-a-vis big Industrialists which people must understand and should allow themselves to be misled.
The petty corruption happening at the grassroot level the author eludes to is a percolation of the systematic well organised corruption having it’s root at the top echelon of the society.
If we seek out history and are brave enough to acknowledge all the bumps and warts, one will be able to trace the beginning of corruption in India and also be able to crown “Father of Corruption “
Everybody only hates billionaires who use their wealth to fund political parties which then only function for their benefit. Modi has done everything in his power to benefit Ambani and adani. Now he wants everyone to be enslaved to coorporations. It’s only natural that people resist.
Those who are resisting are only doing dirty politics. And they even broke jio towers which is a criminal act.
Well said.
Farmers and middle men are swindling consumers, charging more than market price. Punjab is one of the most corrupt place. Have you ever bought fake part from Punjab? if you did then you know.
I see your point of view mam, when corporate honchos like Adani and Ambani develop their businesses and make profit, it is good for our economy, there is nothing wrong in that, but, when government starts selective favouritism by making laws favourable to only few corporates, then that is crony capitalism, and people should and will call that out. Most of the protests against Adani & Ambani is for the same reason otherwise there are 10s of big private corporations like Infosys, Godrej group etc. nobody is protesting against them. You being an IAS officer and completely ignoring this point of view makes me wonder are you looking for after service employment.
Either the author is naive or a front for one of the business houses. Pretty poor article and I wonder why The Print deigned to put this out
Simple. Ambani and Adani’s PR Officers are on the job.
Any counters to the points put by the author keeping aside the judgement passed? Also, a naive IAS officer is unheard of.
So you are proving her right !! haha