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| End of Press Note 1 (and 18): Boost to foreign direct investment (FDI) in India |
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| – by Arun Jethmalani |
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India has a reputation for its complex policies, despite a professed liberal attitude. The best example of this has been the protectionist clauses espoused by Press Note 18 (of 1998) and Press Note 1 (2005). These are not laws passed in Parliament, but merely guidelines. However, they effectively restricted foreign investors from starting new ventures in India if they already had an Indian partner. |
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| The baby boomer wave – Redefining retirement |
| – by Tina Nagrani |
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Baby boomers represent the largest population in the US. They’ve had an impact on almost every kind of product and service, and are likely to have a impact on retirement as well. By 2012, approximately 78mn baby boomers will hit the retirement age – more than 10,000 a day will turn 65 – a pattern that will continue for the next 19 years. However, retirement for baby boomers may not be a simple process. |
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| Contract outsourcing – steady growth but challenges ahead |
– by Deepali Sathe
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Post recession, corporates who were forced to adopt leaner models to survive the difficult times, chose to stay that way. As a result, legal departments are being forced to optimize their resources too, despite an increased focus on regulatory compliance. This has led companies to consider outsourcing their legal work. |
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| Ultra Mega Power Projects lose steam: invest cautiously in power companies |
| – by Jaslene Bawa |
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The much celebrated Ultra Mega Power Project (UMPP) initiative of the Indian government has lost steam. This has led to a deceleration in the development of new projects, after the first four were awarded. Unless the procedural norms and fuel availability issues are settled, investors in the Indian power sector will face setbacks. |
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