Foreign direct investment in railways: Does national security matter?

This post has been written by Mr. Pratik Datta. Background Present Indian laws ’prohibit’ foreign direct investment (FDI) in railways (other than mass rapid transport system). Of late there has been growing expectation that the Indian Government might allow 100% FDI in construction and maintenance of railway projects (but not in operations). Suddenly the optimism... Continue Reading →

The DIPP and Indian FDI policy – The long road to clarity

This post was first published by Bar and Bench on July 23, 2013. The original article can be accessed here.   Recently, the Department of Industrial Policy and Promotion (DIPP) prescribed a comprehensive format allowing investors and businesses to seek formal clarifications in connection with the Indian FDI policy regime. For the vast Indian legal community having... Continue Reading →

Law to regulate lobbying in India

Recent news reports suggest that the committee investigating the case of Walmart lobbying the Indian government to allow FDI in the retail sector is going to submit its report shortly.  It is reported that the committee could not find evidence of Walmart bribing any government official or indulging in any unlawful activity.  However, the committee may... Continue Reading →

How expensive is corruption? Public Administration I

Every instance where corruption is a topic of discussion revolves around one central question (apart from the obvious immorality of it):  How much does corruption cost society as a whole?  I recently picked up a book in an order to understand the process of public administration better.  Its preface gave at least one, objective estimate... Continue Reading →

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