From the Editor

Radhakishan Damani is the 17th wealthiest entrepreneur of India. As per media reports, the market capitalisation of his company, Indian Avenue Supermarts Ltd is almost Rs. 40,000 crore (over $6 billion). Nobody would question Radhakishan Damani if his companies were being run professionally and he was earning through legalised operations. gfiles’ cover story by Alam Srinivas tries to understand the operations of Damani and let our readers know how Damani has earned his millions by creating a small business entity.

Posted in From the Editor | Leave a comment

MERGER OF OIL COMPANIES : Caught on the wrong foot

Investments depend on risk-taking abilities, especially for spending money on overseas ventures, and autonomy. The State-owned oil companies possess neitherhttp. Vertically-integrated oil majors make sense if these too are handed over to the managements.

Posted in Governance | Leave a comment

NITI Ayog : Where is the transformation?

AT The Economic Times’s Global Business Summit in mid-January 2015, Prime Minister Narendra Modi clearly laid out his Transformation Agenda. After presenting a provocative poser-“India is a $2-trillion economy today. Can we not dream of an India with a $20-trillion economy?”-he unveiled his ‘doctrine of development’ in lucid terms: “The government must nurture an ecosystem where the economy is primed for growth; and growth promotes all-round development.

Posted in Governance | Leave a comment

IAS Exams : What are we testing?

Agreat number of educated youths in the country aspire to join the Indian civil services and work for the country. For being successful in their efforts, they have to pass through three gateways, namely (i) preliminary examination; (ii) main examination and (iii) interview. Only when they walk through these gates successfully, they can become members of these prestigious services. This article is focused on going through the first gateway of clearing the preliminary examination (prelims for short) and the unrealistic attitude of the Union Public Service Commission (UPSC) towards such exams.

Posted in Governance | Leave a comment

RERA: An Elixir for Real Estate Sector

ON December 8, 2014, home buyers in the NCR (National Capital Region) staged a massive rally at Jantar Mantar, New Delhi against majority of builders operating in the NCR region. Since then there have been multiple protests, petitions and pleas against the realtors or home builders. The main concerns raised by the home buyers while protesting or filing petition are delay in possession, quality of construction, huge difference between promised infrastructure and delivered, diversion of funds to other projects and many more. In addition, the administration also realised that the real estate sector was abuzz with fraudulent builders, promoters who did not have land an were fleecing buyers with pre-launch offers and many more.

Posted in Governance | Leave a comment