Partners Column
January 2, 2015
Dear friends
Wish you and your families a very happy and prosperous 2015
Bid adieu 2014
As we bid good bye to 2014, there are few significant events of 2014 which continue to capture our mind. I would like to spend little time on that.
Modi wins India's election with a landslide - New York Post, May 16 2014.
Single largest party getting clear majority was a surprise to all, Modi emerged as strong leader and took reins of India. The expectations of people and corporates have gone up significantly due to a strong leader and stable government. I think that during the last few months, the Ruling Party and Central Government have been busy with various state elections due to which promises that have been given are yet to translate into action. The government also has a tough job of getting through the bills in Rajya Sabha and so it has opted for ordinance route while may not be sustainable.
Government started focusing on industry and reforms, the following are few steps in that direction:
- increased FDI in insurance and defense to 49%
- ordinance to amend land acquisition act to eliminate major bottlenecks such as social impact assessment and mandatory consent of those effected etc.,
- tabling of GST bill in Parliament
0 Comments