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Sunil Jain: Continuing to dial disasters
The decade began with the government doing the right thing and auctioning mobile phone licences, but ended with the scandal over its decision to start playing favourites and handing over licences to a chosen few firms at a price that was Rs 50,000 crore less than the market one. The decade began with the government privatising the Delhi Vidyut Board (DVB) in the midst of a huge scandal, since it offered several thousand crore of concessions to two firms, and ended with another scandal over how the winning bidders for the Bangalore airport awarded the major part of the contracts to themselves — and passed on the increased costs to the flying public.

Return to normal
Bank ROEs: What is an acceptable return on equity (ROE) for a bank? That question is likely to dominate the debate among executives, investors and regulators in the coming year. After the spectacular losses of the crash, there is no doubt that banks’ future returns should be lower than the super-charged profits earned during the credit boom. But if ROEs fall too far, the consequences could be severe.

News of the day

'Green shoots are now becoming trees & plants'
Shilpy Sinha / Mumbai January 8, 2010, 0:47 IST
Small Business

IIA in pact with German industry body for MSMEs project

The Indian Industries Association (IIA), an apex body of SMEs, has joined hands with Germany-based Confederation of Skilled Crafts to work for a development project for micro, small and medium enterprises (MSME) in Uttar Pradesh. - UP constitutes vocational education board - Industry demands 6% bank credit to MSME - MetricStream partners with IIA - SMEs in Kanpur to receive community assistance - UP industries ask Finance Commission for funds to enhance power generation - Industry body to soon submit Budget proposal for MSMEs A delegation of German ZDH/SEQUA, an organisation working for implementing crafts policy, met IIA officials here yesterday for the partnership agreement, a release issued here said. The partnership is aimed at empowering small and medium enterprises through the Indian business organisations and associations, IIA president Anil Gupta said. "The association helps the partners improve their management while offering long lasting services to their member enterprises as per their requirements," IIA Executive Director D S Verma Verma said. The SEQUA representatives include project director Jurgen Henkel, economist Agnes Gerold and project manager A Karthikeyan, while the IIA was represented by Verma in the meeting.


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