Bureaucracy Today - December 2017
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December 2017 issue Digital Access. 
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The announcement of the $30 billion recapitalization package by Finance Minister Arun Jaitley to revive the capital-starved Public Sector Banks has regenerated fresh hope amid the gloom caused by the recent Indian economic conundrum. While investors across the world welcomed the series of the reforms introduced by the Modi Government which include demonetization, the introduction of Goods and Services Tax and the Insolvency and Bankruptcy Code, and the launching of the digitalization drive, more specific actions were expected in order to face the mammoth challenge caused by the rising Non Performing Assets of PSBs. This edition of Bureaucracy Today brings you a comprehensive analysis of the rising NPA’s, and recap bonds and their possible implications for the Indian economy, especially those on the fiscal and external fronts.
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Is it a Crackdown or Creation of New Lords of Black Money Hoarders?
On the night of november 8 this year, Prime minister narendra modi appeared on national television to declare his Government’s decision to demonetise Rs 500 and Rs 1,000 currency notes, with a window of 50 days for a smooth transition. no doubt the move has hit those who have accumulated unaccounted black money. the Bureaucracy Today magazine analyses whether the move will stop the hoarding of black money in time to come.
A Paradigm Project for the Future
What makes for a great development project in Morocco? Which qualities imbue an initiative with longevity and sustainability, enabling it to meet a whole range of interconnected material and emotional needs? Is there a single concept applicable to a specific geographical location that exceptionally embodies those qualities?
Minority Shareholders 'Short-Changed' At Bombay House
The National Company Law Tribunal (NCLT) has turned down a request from Shapoorji Pallonji Group (SPG) vide its investment outfits, viz, Sterling Investment Corporation and Cyrus Investments, to initiate action against Tata Sons for the “oppression of minority interest and mismanagement”. It was done on the ground that the petitioner does not have the required minimum shareholding of 10%.
Should You Buy Your Dream Home Now?
The RERA or the Real Estate Regulation Act has finally become a reality. Though there are still plenty of hiccups and it will obviously take some time for the industry to absorb all the facets of the Act, it should be kept in mind that the RERA is a process, not an event. Meanwhile, the foremost question in property buyers’ minds is - should they wait until the RERA process is streamlined, or can they go in for home purchase now?
Can Fintech Companies Replace Traditional Banking In India?
This is one of the most exciting times for Indian banking and financial services industries. FinTech or financial technology companies have emerged as a new crop of firms which have a high growth potential and many opportunities for disruptive innovation. They can complement the traditional banking services and help in financial inclusion. In some quarters, they are seen as competition to the classical banks also. FinTech, a very trendy industry for start-ups, has the potential to take away 4.7 billion dollar of revenue from traditional financial services, according to a US-based Finance firm, Goldman Sachs. FinTech has evolved from startups that want to take on and compete with incumbents to a broader ecosystem of different businesses that are, in many cases, looking for partnerships. Bureaucracy Today analyses the pros and cons of this new financial phenomenon.
Indianising The Bureaucracy
The subjects listed in the Civil Services Examination are colonial. Their syllabus was mostly suitable to the British regime to make an in-depth study and research to deal with various sections of Indians in different geographical zones.
Why The Black And White View In Banning Ilmenite Exports?
Any picture depicting India would have hues of Holi and vibrant colours of the bazaar. So it is surprising that the ban of ilmenite exports has been done with a black and white view thereby robbing the Indian paint industry of its sheen.
How Progressive Policy Has Enabled The Evolution Of Indian Automobile Industry
The stepping up of the Indian automobile sector began when the Ministry of Heavy Industries and Public Enterprises announced the Auto Policy 2002 to promote its integrated, phased, enduring and self-sustained growth. For the first time a national level policy support was declared to promote the sector as a lever of industrial growth and employment and to achieve a high degree of value addition in the country. However, the period of 2006-2016 was a step further from Auto Policy 2002.
What Makes Real Estate Investment Location Lucrative?
The year 2017 should be for residential real estate investment as the Government is ensuring low interest rates and a slew of incentives via schemes such as the Prime Minister’s Awas Yojana. So, interest in and appetite for real estate investment is back in force – but where should one invest? After all, successful real estate investment is proverbially driven by “location, location, location”.
Are We Punching Above Our Weight?
International diplomacy is about Games Nations Play. This title of the celebrated book on world politics suggests that the success and failure of a country in the international arena will be determined by how good or bad it plays the game of politics at the global level. Like any other game, diplomacy is also about the calibre, skill and strength of the players which will decide the outcome of the game. In this context, we are talking here about the Ministry of External Affairs which is mandated to project India in the comity of nations and promote national interests by a sound mix of depth touches, dexterous policy measures and a bold declaration of official intent.
