India Business

India Budget Review – 2010

In July when Pranab Mukherjee presented the First Union Budget Of the 2nd UPA government, a roadmap for the long term growth of India seemed to be emerging. Today’s Budget is a further continuation of this. I did not see any hardcore reforms and from my pre-Budget expectations its clear this is no surprise. Conservative as hell, this Budget reeks with the nature of the man who read it out in Parliament today.

Don’t get me wrong, I’m not saying it’s a bad Budget, it’s a pretty decent Budget but an opportunity lost to accelerate India’s growth furthermore. More could and should have been done. Still trying to push India into a double digit growth rate is an earnest effort.

Railway Budget 2010 - The India Street Review

Railway Budget 2010 – I’m sorry we didn’t cover it earlier. I hope you understand because just like the rest of India, we too were watching  Sachin Tendulkar hammer the South Africans by belting the first double hundred in the history of One Day Cricket!

And after the full on explosion provided by Sachin, it took one whole day to recover from the magnitude of what we witnessed in Gwalior. Sachin Tendulkar’s innings totally ‘pwned’ Mamata Banerjee’s Rail Budget!

Better late than never but, here is The India Street’s review of the 2010 Indian Union Railway Budget.

Presenting her second rail Budget, Mamata Banerjee the loudmouth from West Bengal has made her focus clear.

Budget Week Begins : Pre Budget Analysis

This is an extremely important week for India. A new session in Parliament has begun appropriately titled the Budget session. On the 26th of this month,the end of the working week, Pranab Mukherjee, India’s Finance Minister will present the Union Budget. Two days earlier on the 24th,Mamata Banerjee will present the Railway Budget.

So here at The India Street,we’re gearing up for a pretty busy week. We will be bringing reviews of both Budgets right here. With less than a week to go what exactly does this Union Budget intend to achieve?

When we reviewed the fiscal Budget in July 09, we weren’t too impressed with it. It was a lopsided almost boring and very stagnant Budget. Not high on ideas and very little reform.

This article isn’t a wish list of what we’d want to see in the Budget. The Finance Ministry is all about balancing politics with economics and almost always we see politics win even if it’s at the cost of sound economic decisions.

The Price Is Not Right

Rising prices in India have always been the ‘run to’ issue for any political group.It favors everyone except the government. This of course leaving aside the average Indian who has to spend more.Now that it’s Food Prices which are going through the roof, the usual round of chatter has begun. Opposition parties accusing the incumbent government of lackluster action, ineffectiveness and the usual lingo that anyone in India is used to especially when it’s a battle between political parties. None of the rhetoric in any case means squat if prices do not come down. We’ve been harping on rising prices for over a year now, I sincerely hope that this is not the case a year later as well.

Copenhagen – Hopenhagen – Flopenhagen :When Pressure Tactics Don't Work

The recently concluded Copenhagen Summit described by one section of the media as ‘The Last Chance to Save the Planet’ has been in no uncertain terms a massive letdown and a flop show. Copenhagen was supposed to be ‘HOPENHAGEN’ and instead it will be described as ‘FLOPENHAGEN’.

In this article, I examine the rift between the developed world and the BASIC countries which came to a head in Copenhagen. I also look at Copenhagen from a strict Indian perspective and how the Indian government has actually done a good job at Copenhagen.

Copenhagen looks like the first straw in a long line of disagreements whilst the world debates the climate change problem. Copenhagen reminds me of the Doha round of the WTO talks which I might add is yet to conclude.

Enterprise 2.0 : An interview With MindTouch's Mark Fidelman - Part II

In Part 2 of the Interview with Mark,I discuss  specifics like how E2.0 can impact business in  real life and the prospects it holds for India.

Click the title to read Part 2 as well of this very  informative interview.

Enterprise 2.0 : An interview With MindTouch's Mark Fidelman - Part I

Recently I’ve been hearing a lot about this term ‘Enterprise 2.0’. Not knowing exactly what it is or why there’s a buzz around it I reached out and caught up with Mark Fidelman of MindTouch which is an Enterprise 2.0 company.

Read Part 1 of this very informative interview. I’m sure you’ll enjoy it!

TIS Nominated @ The Indian Weblog Awards!

Dear Readers,

The India Street is delighted to inform you that we have been shortlisted for the Indian Weblog Awards (Indibloggies) for 2008/09.

We’ve been nominated in the category of ‘Best Business Indiblog’; the polls for the same have begun and will continue till the 10th of December.

Our first reaction to this bit of news is to thank all our loyal readers for your encouragement and support to TIS received over the years.Laughing

Our biggest award is the fact that so many of you read this blog!Laughing

However, we’d of course also like to win this award.Wink

So if you feel that The India Street has been of use to you and deserves your vote as India’s best Business blog then please head on over to this link and cast your vote for us by clicking this link: http://multivote.sparklit.com/web_poll.spark/21900

All you need is a valid e-mail Id to confirm your vote and that’s it. No other registration forms/messy account details needed. It’s really that simple.

Once again we’d like to thank you all for your support to TIS.As India’s economy grows we hope to cover its changing face and the role it will play in the world economy.

Looking forward to your votes! & your support.Cool

The Pay Per Second Billing Model: What Does It Hold?

The past month has seen some hectic activity in the Indian Telecom Sector. It’s amazing how a little competition always keeps everyone on their feet. Each business enterprise looking at the market as if through the eyes of a hawk for the next big business opportunity .Each company trying to seduce the prospective customer with its products. India, the future to be world’s largest mobile telephony market is now going through a massive upheaval. Market leaders no longer have it easy and with the introduction of the per second billing model, the competition has only gotten more cut throat.

India Heads Toward A Happy Diwali

Firstly, on behalf of theindiastreet.com I would like to wish all our readers a very happy and fun filled Diwali. We hope that the Festival of Lights and the Goddess of wealth help you to prosper and be a part of the growth that the Indian economy is witnessing.

A year ago at around the same time, I remember posting an article titled ‘A Dull Diwali Sets In’. Looking back at the Diwali of 2008, the constant theme of pessimism, the calamitous overtones of the world economy and the future of the Indian markets had seriously bummed out the millions of Indian investors. Some of the Traders on Dalal Street were not even in a half decent mood to light a firecracker during Diwali.

What a difference a year can make! The fireworks have exploded on the Sensex and the Nifty. The most hearty thing to see that the same people who were so depressed and unhappy last year are a lot more optimistic and smiling. Definitely Samvat 2066 looks a lot happier than Samvat 2065.

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