Author Archive

July 3rd, 2009

Has the Railway Budget met expectations?

Posted by: Sidhartha Singh

Mamata Banerjee’s railway budget for 2009-10 appeals to the common man. She has introduced cheaper tickets for the poor and kept passenger and freight tariffs unchanged, bringing cheer to the millions who use the world’s largest rail network daily.

11Banerjee, who took over as the new railway minister, underscores the Congress party-led government’s focus on “inclusive growth” after it was re-elected in May.

In her budget speech on Friday, she said there were plans to introduce 57 new and 12 non-stop trains, upgrade 50 stations to international standards, have air-conditioned double-decker trains, build a 1,000 mw power plant to power electric locomotives, and resume issuance of tax-free IRFC bonds.

The country’s rail network carries more than 18 million passengers and more than 2 million tonnes of freight every day on a backbone of outdated technology. Do you think the railways can execute this daunting task and make train travel in India more comfortable?

June 29th, 2009

Nilekani: Infosys’ loss or government’s gain?

Posted by: Sidhartha Singh

India’s Silicon Valley is saying goodbye to Nandan Nilekani, the engineer-entrepreneur who co-founded Infosys Technologies and helped put India on the global IT map.

A statemeINDIA-PEPSICO/nt from the country’s No. 2 software exporter on Thursday said Nilekani has been invited by the prime minister to head the government agency Unique Identification Authority of India in the rank of a cabinet minister.

Nilekani’s exit throws up several questions — what prompted this co-chairman with a spotless past to take up a government responsibility? In a nation of billion-plus people where corruption is seen putting the brakes on most government initiatives, can Nilekani replay a corporate story of success? Can he bring the same professionalism in the corridors of power at Raisina Hill?

Holding posts of CEO and later MD, he helped propel Infosys, which he co-founded with mentor Narayana Murthy, from scratch to a world-class company “despite the system”.

Reports say the UPA government is keen on using Nilekani’s professionalism to get its Unique Identity Card project off the ground.

Infosys and its employees may have delivered on many large-scale projects for Fortune 500 companies, but can the success be replicated in a purely government initiative? And does Nilekani’s move augur well for Infosys and the government?

June 19th, 2009

What would you do if you were the FM?

Posted by: Sidhartha Singh

The task before the finance minister is tricky as the Congress-led government gears up to present the annual budget for 2009-10 on July 6.

Reuters India asks its readers to don the FM’s cap and tell us what shape they would give to the budget to keep a country of over 1 billion people happy.