The Cost of Keeping Up With China
One such complication is the focus of an internal report of the ruling Congress party leaked to the Indian press last week. The alleged report, whose very existence is denied by Congress officials, contends that the government's policy on Special Economic Zones — India's version of investment enclaves that offer tax incentives, good infrastructure and other benefits — may cost the party votes in future elections.
At first glance the promotion of Special Economic Zones (SEZs) would seem unlikely to attract much controversy. Many developing countries have used such enclaves to encourage foreign investment and manufacturing growth. India was, in fact, the first country in Asia to demarcate a special economic enclave when it introduced an "export processing zone" in Gujarat in the mid 1960s. But in the past few years, the country has been playing catch-up with places such as China, which used SEZs to kick-start its own incredible economic expansion almost three decades ago. India attracts barely 10% of the foreign direct investment figure for China (although the two count investment in different ways), and wants to close the gap as rapidly as possible. Early last year, the Congress-led government passed a new SEZ law designed to speed up India's economy, in particular its manufacturing sector, by offering further incentives to prospective investors. Since then, hundreds of companies have applied to set up SEZs, with the government so far approving more than 200.
The problem is that many of the SEZs are on prime farming land. A few landowners are only too happy to sell up at a huge profit, but many poorer farmers and farm laborers are understandably opposed to having their livelihoods forcibly sold out from underneath them. Opposition to the SEZs is growing, and the consequences of that for the Congress, or any political party in India that hopes to win the rural vote — and given that a majority of Indians still live outside urban areas most parties do — could be particularly painful come polling day.
Although the Chinese authorities are mindful of the danger of a socially disruptive backlash by poor rural citizens, there are no national elections to worry about. "Voting is a much more immediate, more powerful threat," says Indian economic analyst Paranjoy Guha Thakurta. "And even when there's no election looming, Indians can put pressure on their representatives to have the bureaucrats transferred if they don't like them. In China you have a one-party state so that's a bit harder."
And it's not only farmers that India's politicians have to worry about. Opposition to the SEZs is coming even from free-market reformists. Most of India's newest investment zones are much smaller than China's and may not be economically viable in the long term. The tax breaks, which include a five-year holiday on profits tax and exemption from import and excise duty, are also much more generous than those in other countries. Critics of India's approach worry that its SEZs will not attract new investment but merely suck in investment already headed to India while hurting tax revenues. Also, India's Special Economic Zones have so far attracted mostly info-tech companies and not the employee-hungry manufacturers the country's unemployed had hoped for.
Perhaps stung by the mounting criticism, the Congress-led government this week decided to stop approving new SEZ applications until it can sort out some of the more contentious issues. There is talk that New Delhi will force any company operating in an SEZ to export at least half of its production. Whatever India's leaders do, you can be sure they will have one eye on public opinion, a handicap their Chinese counterparts rarely have to deal with.
India's 'iPad': Will the $35 Tablet Sell in the U.S.?
Although low-cost consumer electronics from Japan, Korea and China have found a ready market in the U.S., Indian innovations have so far witnessed a lukewarm reaction. There has been much interest in the Tata Nano, the world's cheapest car, but its American launch has been delayed until next year. The company is still trying to work its way around the stringent safety requirements in the U.S.
From: http://ping.fm/UAnmp
India's telecom story over? Top honchos hunting new jobs
"India's telecom story is over. Industry revenues have not gone up in two years," admitted the promoter of one of the largest mobile phone companies.
Funds have dried up, expansion is on hold, profits and customer additions have slowed even as the 14-player industry battles to recover from the fallout of the 2G spectrum scam.
"Most companies are battling high debt and stagnant revenues. Banks have refused to lend. 3G is making very slow progress. Many top executives are looking at changing sectors," a chief executive of the mobile phone company told to ET.
Three independent sources, including two of the six officials mentioned above, confirmed their intention to move out of the respective companies if alternatives became available.
A leading headhunter, who is aware of three CEOs heading telecom companies looking for new jobs, said these officials now faced new challenges as the focus of their companies had shifted to cutting costs and increasing efficiencies, triggering job culls across the board.
"Instead of managing growth, expansion and rolling out new service offerings, most chief executives are confronted with reducing head count, restructuring exercises, merging verticals and businesses," this headhunter added. He declined to be named as he is working with some of these CEOs who are looking for greener pastures.
The two officials looking for new jobs who head new entrants face an additional complication because these firms bagged mobile permits in 2008 under controversial circumstances. Most of the companies that received their licences during the tenure of the former telecom minister A Raja have put their expansion plans on hold as they are battling high debt and also face the possibility of the Supreme Court cancelling their permits.
From: http://ping.fm/1QSo0
India's telecom story over? Top honchos hunting new jobs
"India's telecom story is over. Industry revenues have not gone up in two years," admitted the promoter of one of the largest mobile phone companies.
Funds have dried up, expansion is on hold, profits and customer additions have slowed even as the 14-player industry battles to recover from the fallout of the 2G spectrum scam.
"Most companies are battling high debt and stagnant revenues. Banks have refused to lend. 3G is making very slow progress. Many top executives are looking at changing sectors," a chief executive of the mobile phone company told to ET.
Three independent sources, including two of the six officials mentioned above, confirmed their intention to move out of the respective companies if alternatives became available.
A leading headhunter, who is aware of three CEOs heading telecom companies looking for new jobs, said these officials now faced new challenges as the focus of their companies had shifted to cutting costs and increasing efficiencies, triggering job culls across the board.
"Instead of managing growth, expansion and rolling out new service offerings, most chief executives are confronted with reducing head count, restructuring exercises, merging verticals and businesses," this headhunter added. He declined to be named as he is working with some of these CEOs who are looking for greener pastures.
The two officials looking for new jobs who head new entrants face an additional complication because these firms bagged mobile permits in 2008 under controversial circumstances. Most of the companies that received their licences during the tenure of the former telecom minister A Raja have put their expansion plans on hold as they are battling high debt and also face the possibility of the Supreme Court cancelling their permits.
From: http://ping.fm/QzfKO
The war that still rankles China
Back then, the Opium War was considered a “traumatic inauguration” of China's modern history and, significantly, the Chinese were forced to defend themselves. Cut to 2009, and the opinion changes on both sides. As Guardian reminded its readers, “The Opium War is a pretty shameful story. Perhaps it slipped your memory? It certainly hasn't slipped [China's] and is still unravelling.” Reacting to Shaikh's execution in the face of British protests, the Chinese authorities said, “Given the bitter memory of history … the public has a particular and strong resentment towards it [drug smuggling].” And an academic commented: “The execution of Shaikh is like the burning of opium stocks in Humen in 1840 during the Opium War.”
Indeed, the Opium War has evoked almost as many opinions as the sacks burnt during that period — some shades of them do find their way into Lovell's book too, who even otherwise uses Anglophone accounts as well as the Chinese sources to give a multilateral presentation in this 450-odd page volume. Lovell walks a tightrope, trying to accommodate the British viewpoint by making out that the war itself — and indeed the trust deficit between the West and China — was the result of a lack of awareness about the Chinese ways of working, and the rulers' preoccupation with their domestic affairs.
From: http://ping.fm/NwGBU
कहने को उनके खत में बहुत कुछ लिखा थाभारतीय समाज में अनेक खूबियाँ हैं। कुछ अच्छी बातें तो सभी धर्मों में नायकों, संतों और उपदेशकों द्वारा कही और सही गयी हैं। बहुत सी भारतीय संस्कृति की अपनी अनूठी विशेषतायें हैं। लेकिन कई ऐसी भी हैं जिनमें भिन्न उद्गमों से आये विचार गड्डमड्ड से हो गये हैं और इस प्रक्रिया में सद्विचार की मूलभावना की ऐसी-तैसी हो गयी है।
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A simple guestblog by Sajada.
क्षमा वीरस्य भूषणम् -एक पत्रोत्तर के बहाने ...
कहने को उनके खत में बहुत कुछ लिखा थाभारतीय समाज में अनेक खूबियाँ हैं। कुछ अच्छी बातें तो सभी धर्मों में नायकों, संतों और उपदेशकों द्वारा कही और सही गयी हैं। बहुत सी भारतीय संस्कृति की अपनी अनूठी विशेषतायें हैं। लेकिन कई ऐसी भी हैं जिनमें भिन्न उद्गमों से आये विचार गड्डमड्ड से हो गये हैं और इस प्रक्रिया में सद्विचार की मूलभावना की ऐसी-तैसी हो गयी है।
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My Blog List
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Jeju Air’s Problems Mount After Crash of Flight 7C2216 - South Korea’s leading low-cost carrier, heavy with debt and its stock already near record lows, is now facing intense public and government scrutiny.
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Gautam Gambhir Hugs Virat Kohli, Picture Triggers Social Media Storm - NDTV Sports - 1. Gautam Gambhir Hugs Virat Kohli, Picture Triggers Social Media Storm NDTV Sports 2. Australia clinch the Border-Gavaskar Trophy after a de...
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Josh Gad Had to Explain Recent 'Star Wars' Movies to Mel Brooks For 'Spaceballs' Sequel - Josh Gad had to put on a show for a comedy legend ... revealing he ran Mel Brooks through the recent "Star Wars" sequels while pitching a "Spaceballs" sequ...
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Tanzania's fuel revolution slowed down by lack of filling stations - The authorities want vehicles to switch to gas but the transition has been hampered by a lack of filling stations.
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Yemen: A Genetic Crossroads of Ancient Humanity - How modern genomics is uncovering Yemen’s role in the migrations and interactions of early humans.
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How soon can you file your 2024 income-tax return? Here’s your 2025 tax-season road map. - Tax season is just around the corner and it’s never too early to get started
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‘I became an optimist the night my wife died’: a science writer on loss and letting go of rationalism - Sumit Paul-Choudhury had always prided himself on his critical thinking, until his wife was diagnosed with cancer and he was forced to rethink his life f...
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New Zealand v Sri Lanka - first ODI scorecard - Latest scorecard from the first one-day international between New Zealand and Sri Lanka at the Basin Reserve in Wellington.
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Steal a Tesla: Hertz selling Model 3s for under $20,000 - Yes, you can get a Tesla Model 3 for under $20,000 from Hertz. But should you?
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Platonism in Metaphysics - [Revised entry by Mark Balaguer on December 24, 2024. Changes to: Main text, Bibliography, notes.html] Platonism is the view that there exist such things a...
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Inside Upwork’s Hidden Economy: The Pay-to-Play System and What It Means for Clients and Freelancers - What I uncovered sheds light on why so many clients actually struggle to connect with quality freelancers. Sure, AI-driven pitches and templated response...
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Webcam randomly pausing in OBS, Discord, and websites - LSVCam and TikTok Studio - I use my webcam constantly for streaming and I'm pretty familiar with all the internals and how the camera model on Windows works. I also use OBS extensi...
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antropologi.info is 20 years old - some (unfinished) notes and thoughts - [image: antropologi.info is 20 years old - some (unfinished) notes and thoughts] *That's how antropologi.info looked like in 2004* In June 2004, I bought t...
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Bulk deals: Societe Generale, Marshall Wace active in Bandhan Bank, BoB and Manappuram Finance - [image: Bulk deals: Societe Generale, Marshall Wace active in Bandhan Bank, BoB and Manappuram Finance] In other trades, Foregin investor Ardisia sold stak...
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IPL 2024 auction: The list of sold and unsold players - Who was sold to whom, and who didn't get a bid?.
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Alia eVTOL 1st Flight Test From Eglin Air Force Base | French Army Gets Griffons | DoS Approved FMS To Korea - Americas The BETA Technologies Alia electric vertical takeoff and landing (eVTOL) aircraft marked a historic moment with its first official test flight fro...
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Easily track your packages with new Gmail features - New Gmail features make it easier to track your packages.
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Unknown Unknowns. An Introduction to Mysteries - The show addresses a series of themes including: gravity as “the greatest designer”, extraterrestrial architecture, deep space mysteries, future body modif...
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FileZilla Server 1.1.0 - A free, small and fast FTP Server. 2021-10-29
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Covidfreude - When you behave in such an irresponsible way, you lose the right to complain when you reap the consequences of your choices.
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Boss or toddler? A quiz - YOUR boss, or your toddler? Screaming for grapes or for quick wins on the board before the AGM? Find out which is which.
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61-day fishing ban from April 15 - RAMANATHAPURAMThe 61-day annual fishing ban would come into force from April 15 to June 14, said Collector Dinesh Ponraj Oliver here on Monday.To enab
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32+ Years... - [image: image from pbs.twimg.com]
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Google Tag Manager Book - I am pleased to announce that my first ever book is now available on Amazon . *Google Tag Manager - Zero to Hero* This book teaches you everything you...
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AT&T Breaks Up Turner, Bulks Up Warner Bros. in Major Overhaul - AT&T started reorganizing its WarnerMedia unit by combining its disparate networks and entertainment businesses, an overhaul that is expected to lead to co...
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Aston Martin falls 5% in its London IPO - Aston Martin is joining the ranks of listed automakers with an IPO that values the British company at more than $5 billion.
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How Campbell's Soup Turned 80,000 Pounds Of Peaches Into A CSR Opportunity - CSR for the win: Campbell's Soup's Just Peachy project saves 80,000 pounds of peaches from landfills each year while helping to fund a foodbank AND driving...
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Review: Amazon Brings Fitting Room Home with Prime Wardrobe - I'm not stylish, but I do like my T-shirts soft, my sweaters cozy and my jeans to not be scratchy -- all of which is hard to know when shopping online. S...
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UXデザインの普遍的な原理 Part 2: 言葉とタイポグラフィ(UXデザイン入門シリーズ)| アドビUX道場 #UXDojo - 絶え間なく変化する環境の中に身を置いて、UXデザイナーとしてすべてを把握し続けることは困難です。これは大きな挑戦です。一方、基本的なデザイン原理の理解は、時代遅れになることはなく、仕事を続ける上でずっと役に立ち続けるでしょう。『UXデザインの普遍的な原理』シリーズの第2部では、言葉とタイポグラフィについてお話...
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VR Cinema: Keep Trying - After two and a half nonstop hours of watching VR "cinema" this weekend, I reached two conclusions: --My head hurt, and --This stuff is not yet ready for pr...
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Blog Exercise: New Years Reboot, Restart, Kick Ass - “It’s that time of year when the world falls in love…” The Christmas Waltz by Jule Styne and Sammy Cahn I’d like to think that New Year’s thinking includes...
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The Blog Moves On - But the show goes on.
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Gravity signals could speedily warn of big quakes and save lives - The trick lies in capturing the weak gravitational shifts in the ground.
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Can Investors Recover Faith In Energy Recovery? - by Debra Fiakas CFA Despite reporting the highest gross profit margin in Energy Recovery's (ERII: Nasdaq) history, investors were sorely disappointed with...
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Configure a Mobile Device Mailbox Policy for Exchange Server - This article explains how to use mobile device mailbox policies to force mobile devices to comply with your organization’s security standards.
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Some Shameless Self Promotion - Sometimes people ask me if I'll ever write a book about storyboarding. I would never want to do that...I enjoy sharing what little I know for free, and I'v...
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Statins - Brian Clegg gets to the heart of the matter on the benefits or otherwise of one of the most commonly prescribed drugs
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Major solar energy project operational in western Michigan - TV reports 11,000 solar panels are installed on a 17-acre plot of land just south of Grand Valley State University's main campus in Allendale. Consumers ...
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Moving to the Google Developers Blog - For the latest news about developing for Google+, please read the Google Developers blog. We’ll post all new announcements about the Google+ API, buttons, ...
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Humble Heather - *Early 19th century hand-coloured * *engravings of heath flowers* The vast majority of the 860+ species in the genus Erica (heaths/heather) are endemic t...
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Turf war between Delhi government, L-G continues, Kejriwal to meet President today - Kejriwal has also directed all its officials to apprise him or Minister concerned about any oral or written direction from the L-G or his office before fol...
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India seeks to speed up foreign deals with 'one-stop shop' - The Finance Ministry, seeking to speed up deals with outside investors, is set to take full control of the oversight of more than $40 billion a year in for...
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New Freelance Job Site AwesomeWeb Launches - AwesomeWeb is the latest freelance job site to enter the market. It is a “marriage” of the teams behind 1stWebDesigner and IncomeDiary. They claim Awesom...
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Can't Stop Eating Late at Night - Eating late at night isn't the best habit. Especially if you are snacking on high calorie, high carbohydrate foods. It's is also a really hard habit to b...
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Bye-Bye Blog - That's right, this blog is going away on May 31. About.com has decided to eliminate blogs from the sites. This site is NOT going away. There are still seve...
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Less Talk. More Do. - This is the last blog post you'll be seeing here at About.com Gardening. I'll still be here, but the site is getting a long overdue make-over and instea...
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The Brain Mapping Initiatives: Foundational Issues - On December 6-7 at NYU, we are hosting a conference on "The Brain Mapping Initiatives: Foundational Issues". The conference is devoted to foundational issu...
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China Skepticism - (I wrote this after my visit to Shanghai and Beijing in May ’10, as part of my MBA program at Duke. I originally circulated it around with friends and othe...
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The Atheist Experience blog is moving! - (Original title: Important changes coming to the blog October 1!) Commence unfounded wild speculation in 3... 2... 1... *Edit*: As the commenters pointed o...
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Segregation and periodic mixing in a fluidized bidisperse suspension - Author(s): A Deboeuf, G Gauthier, J Martin and D Salin Affiliation(s): Univ. Pierre et Marie Curie, Univ. Paris-Sud, CNRS, UMR 7608, Lab. FAST, Bat. 502, Ca...
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Can the Angry Birds Keep Flying? - Rovio Mobile Oy has to convince investors it has staying power, as it rolls out new games and a movie
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New report has good news about sustainable farming - Mark Bittman at the New York Times writes about a new report from the United Nations that debunks the conventional wisdom that it isn’t possible to feed th...
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Free calling in Gmail extended through 2011 - *(Cross posted from the Gmail blog)* When we launched calling in Gmail back in August, we wanted it to be easy and affordable, so we made calls to the U.S....
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Please answer Eric’s Web Analytics survey!!! - You might have heard that Eric has launched a new survey about Web Analytics. If you’re using Web Analytics within your company now is the time to make a ...
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