tag:blogger.com,1999:blog-196598622024-03-02T01:27:08.068-08:00M&A News & AnalysisAn alternate and irreverent perspective on financial markets covering news and analysis for mergers and acquisitions. Unknownnoreply@blogger.comBlogger249125tag:blogger.com,1999:blog-19659862.post-29587066651948606262024-02-29T06:30:00.000-08:002024-02-29T06:30:19.830-08:00Stress Adjusted Returns<p> An interesting principle that I am intrigued about is the idea of stress Adjusted return and apply it to</p><p>I am beginning to believe equity investments is more about being part owner of the right set of companies that would grow and buy these ownership stakes at the right price, versus trying to buy shares that I or market expects to go up in the near term with latter being the game traders play. </p><p>In this regard, stress of owning a position in a company is a real thing and should it impact the following? </p><p>A) Kind of companies/investments that I am holding or am willing to buy</p><p>B) Position sizing and therefore position trimming </p><p>C) the above affected by Price vs valuation and overall market conditions. </p><p>Will revisit... </p><p><br /></p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-19659862.post-17307212949892484192024-01-14T03:32:00.000-08:002024-02-10T12:32:52.924-08:00AMEX - American Express Referral Code: Up to Rs 15,000 Joining Bonus for AMEX CARDS (India)Join American express now and get a referral bonus of up to Rs. 15,000. Join using this <a href="https://americanexpress.com/en-in/referral/kAPILSpVdn?CPID=100526018" target="_blank">link </a>. <div><br /></div><div>The following terms apply (total up to Rs 15, 000 joining/referral bonus)</div><div><br /></div><div><div>1. Earn 4,000 Referral Bonus Membership Rewards points when you spend INR 5,000 within 90 days of Card membership*, and </div><div>2. A Welcome Gift of 11,000 Bonus Points on payment of the annual fee and on spending additional INR 25,000 within 90 days of Card membership.</div><div><br /></div><div>Join using this <a href="https://americanexpress.com/en-in/referral/kAPILSpVdn?CPID=100526018" target="_blank">link </a>. </div><div><br /></div><div><br /></div><div><br /></div><div><br /></div></div>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-19659862.post-89493885148370863952023-07-30T10:40:00.001-07:002023-07-30T10:40:12.867-07:00The Dhandho Investor - Summary of Key Lessons<p> Here are the key lessons from each chapter of "The
Dhandho Investor" by Mohnish Pabrai:</p><p class="MsoNormal"><o:p></o:p></p>
<p class="MsoNormal">1. Patel Motel Dhandho: The key lesson is the importance of
minimizing risk while maximizing reward in business and investing.<o:p></o:p></p>
<p class="MsoNormal">2. Manilal Dhandho: The key lesson is the value of buying
underperforming businesses at bargain prices and turning them around.<o:p></o:p></p>
<p class="MsoNormal">3. Virgin Dhandho: The key lesson is the strategy of
limiting downside risk while keeping significant upside potential, even in
high-risk industries.<o:p></o:p></p>
<p class="MsoNormal">4. Mittal Dhandho: The key lesson is the potential value in
investing in distressed businesses in distressed industries, and the potential
for significant returns from turning them around.<o:p></o:p></p>
<p class="MsoNormal">5. The Dhandho Framework: The key lesson is the introduction
of the Dhandho framework, a set of principles for low-risk, high-return
investing.<o:p></o:p></p>
<p class="MsoNormal">6. Dhandho 101: Invest in Existing Businesses: The key
lesson is the lower risk and potential higher returns of investing in existing
businesses with proven business models.<o:p></o:p></p>
<p class="MsoNormal">7. Dhandho 102: Invest in Simple Businesses: The key lesson
is the value of investing in businesses that are easy to understand and
operate, which reduces complexity and associated risks.<o:p></o:p></p>
<p class="MsoNormal">8. Dhandho 201: Invest in Distressed Businesses in Distressed
Industries: The key lesson is the potential value and high returns that can be
found in businesses and industries going through tough times.<o:p></o:p></p>
<p class="MsoNormal">9. Dhandho 202: Invest in Businesses with Durable Moats: The
key lesson is the importance of investing in businesses with strong competitive
advantages or 'moats' that can protect their earnings and market share.<o:p></o:p></p>
<p class="MsoNormal">10. Dhandho 301: Few Bets, Big Bets, Infrequent Bets: The
key lesson is the value of concentrated investing - making a few, large,
infrequent investments when the odds are highly favorable.<o:p></o:p></p>
<p class="MsoNormal">11. Dhandho 302: Fixate on Arbitrage: The key lesson is the
potential value of arbitrage, exploiting price differences for risk-free
profit.<o:p></o:p></p>
<p class="MsoNormal">12. Dhandho 401: Margin of Safety—Always!: The key lesson is
the importance of always ensuring a margin of safety in investments, providing
a buffer against errors or unforeseen problems.<o:p></o:p></p>
<p class="MsoNormal">13. Dhandho 402: Invest in Low-Risk, High-Uncertainty
Businesses: The key lesson is the potential value of investing in businesses
that are facing temporary uncertainty, which can depress their stock prices and
provide buying opportunities.<o:p></o:p></p>
<p class="MsoNormal">14. Dhandho 403: Invest in the Copycats rather than the
Innovators: The key lesson is that it's often more profitable to invest in
businesses that improve or replicate an existing idea, rather than the original
innovators.<o:p></o:p></p>
<p class="MsoNormal">15. Abhimanyu’s Dilemma—The Art of Selling: The key lesson
is the importance of knowing when to sell, and the challenges associated with
this decision.<o:p></o:p></p>
<p class="MsoNormal">16. To Index or Not to Index—That Is the Question: The key
lesson is the debate between the merits and demerits of index fund investing
versus active investing.<o:p></o:p></p>
<p class="MsoNormal">17. Arjuna’s Focus: Investing Lessons from a Great Warrior:
The key lesson is the importance of focus in investing, and the potential
benefits of maintaining a clear focus on your investment strategy and goals.<o:p></o:p></p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-19659862.post-7841888828727553892023-05-07T06:54:00.000-07:002023-05-07T06:54:05.920-07:00Interesting market quotes!<p></p><ul style="text-align: left;"><li> "A man who jumps off a long building is fine, till he hits the ground" - Charlie Munger (2023)</li><li>"If you take some turds and mix with a bunch of raisins, they are still turds" - Charlie Munger (2000)</li></ul><p></p><p><br /></p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-19659862.post-64056132174549662922022-12-09T04:35:00.001-08:002022-12-09T04:35:30.089-08:00Popular Tourist spots in India<p> Checkout https://populartoursitspotsindia.blogspot.com for <a href="https://populartoursitspotsindia.blogspot.com/?m=1">amazing travel destinations in india</a>.</p><p><br /></p>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-19659862.post-25417350571078669222022-05-10T00:05:00.002-07:002022-05-10T00:05:18.223-07:00Equity Investing - First Principles <p> Revisiting value investing through first principles? </p><div><b>Q1. What is the value or worth of a company? </b></div><div>Ans. Value of a company is the present value of the future free cash flows plus the cash it has on its books </div><div><br /></div><div>In simple words, Equity Value = Enterprise Value + Net Cash </div><div>Where, Enterprise Value = Net Present Value of future cash flows discounted at Cost of Capital </div><div><br /></div><div>For equity investors, Equity Value per share or simply the Share Price is more important than total Equity Value </div><div><br /></div><div><b>Q2. So based on the above, how to select companies for investment </b></div><div><br /></div><div>Ans. Buy companies where the following two conditions are met: </div><div>a) Companies are trading at less than their Equity Value, and </div><div>b) Equity Value is growing </div><div><br /></div><div>of the two conditions above, b) is more important than a) if shares are to held for a longer time as stocks can remain undervalued for a long time or even if a share is bought at a higher price then increasing Equity Value would eventually catch up and then exceed the purchase price, eventually leading to appreciation of the trading value of the shares</div><div><br /></div><div><b>Q3. How to identify companies where Equity Value is likely to grow? </b></div><div>Ans. The following conditions are ideal for growth in Equity Value </div><div><b>a) Is the company in a large and growing market? </b> if the market is not growing the growth is limited and competitive intensity may be increasing. Large growing market creates long runway for growth</div><div><b>b) Is the company growing and ideally faster than the market?</b> Select growth companies that are gaining market share or in other words growing faster than the growth in the market </div><div><b>c) Does the business generate FCF?</b> FCF is generated when ROCE > Growth Rate - so high ROCE is important. If there are not FCF business would have to either dilute equity or increase debt to support growth. Beyond a point growth is constrained (if no capital raised) or risk is increased (debt) or EPS growth is diluted <b>(raise fresh equity)</b></div><div><b>d) Is company able to reinvest money at high growth rates? </b>This is key to compounding and therefore high returns. Company should be able to reinvest the cash generated into the business while maintaining ROCE on the total invested capital</div><div><b>e) Is the quality of business high?</b> One way to judge that would be to compare gross margins with competitors - companies with high gross margins tend to have better products where customers pay a premium or have cost structure that is lower than competitors so then tend to retain gross margins - in other word they have a MOAT. </div><div>f) Management Quality - More on that later </div><div><br /></div><div>Basics, hygiene: Clean accounts, Clean management, Incentives aligned with minority investors </div><div><br /></div><div><br /></div><div><b>Some Market Maxims</b></div><ul><li>Buy Low - Sell High : make Mr market work for you. Market is going to offer mis-priced quotes from time to time. Only buy if market offers quote below intrinsic value and sell if quote is above intrinsic value</li><li>Value is created by future free Cash flows and growth in future free cash flows, discounted by risk adjusted discount rate </li><li>FCF comes from ROCE > Growth Rate </li><li>Growth comes from reinvestment, capital allocation, long runway of growth, differentiation, quality of operators</li><li>Growth = Reinvestment Rate *ROCE: focus on high ROCE companies </li><li>Reduce risk: track record, mgmt, competition </li><li>However given the volatility and difficulty in forecasting businesses </li><ul><li>Markets often mis-price businesses (variety of reasons). </li><li>Buy when upside risk is high and downside risk is low</li><ul><li>Buy deep value (Below cash + profitable business attached) - Valuation catches up eventually if management treat minority investors equitably </li><li>Buy growing businesses at low/reasonable valuation</li></ul></ul></ul>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-19659862.post-27485291524601771072018-03-21T04:14:00.001-07:002019-01-14T23:38:29.020-08:00What caused the rise of English as the way of doing business in India?<div dir="ltr" style="text-align: left;" trbidi="on">
It is tough for us Indian’s to write ‘Proper’ sentences in the
English language. It is painful sometimes to see your colleagues, friends, and your
own self struggle to compose error free communication. And I am not
talking about spelling mistakes but words, sentences and paragraphs that make
no sense or mean literally the opposite of what the writer wishes to convey.<br />
<br />
<div class="MsoNormal">
<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
I wonder why is it that English came to be the language of
choice for business communication. One apparent reason could be the rise of
personal computers, which are used to compose messages. Despite the
availability of delete and backspace buttons we end up writing in a language
that is not ours. Our minds are not wired to write in the Queen’s language.
However if you are reading this the chances are your PC only has Roman letters
for inputs and not Devanagari or any other Indian language. Mobiles, with
virtual key pads are lucky as the software now enables choice between different
input languages but form factor has an equally detrimental impact on whatever
language you want to write in. <o:p></o:p></div>
<br /></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-19659862.post-80536983196001843092016-10-03T09:27:00.001-07:002016-10-03T09:27:11.224-07:00G Suite Promo Code - Free G Suite Promo Code<div dir="ltr" style="text-align: left;" trbidi="on">
G Suite Promo Code - Get 20% Discount on your G Suite Account <br />
<br />
Use the following G Suite Promo Codes<br />
<br />
1. 67FLUXHR36XX3H3<br />
2. PD6XK3KPG634K9V<br />
<br />
All your users get a discount. You can also avail a free trial account to get started. Us the above G Suite Promotion Codes or visit <a data-saferedirecturl="https://www.google.com/url?hl=en&q=https://goo.gl/XebapX&source=gmail&ust=1475598111165000&usg=AFQjCNH00386MRn9CxmqhQ1k1GcETPksvQ" href="https://goo.gl/XebapX" style="color: #3f83f4; text-decoration: none;" target="_blank">https://goo.gl/XebapX</a> when you are ready to upgrade. Please note Google Apps is not called G Suite<br />
</div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-19659862.post-22067641398154118582016-01-04T00:41:00.001-08:002016-01-04T00:41:53.318-08:00To speak or not to speak: #Pathankot<div dir="ltr" style="text-align: left;" trbidi="on">
<div>
I am deeply pained by the attacks on Pathankot. However, once again it seems the terrorists may succeed in derailing the talks between India and Pakistan. The popular commentary in media is to get Pakistan to go after terrorist outfits that target India before engaging them. Here are my thoughts/questions in my mind</div>
<ul style="text-align: left;">
<li>How do you get them to eliminate terrorists that target India when it is unable to target terrorists that are targeting Pakistan? </li>
<li>Every time the dialog process moves one step further, these terrorist organizations attack India. Isn't it clear that these organizations feel threatened by the India - Pak engagement. By stopping talks are we not playing into their hands? By putting preconditions that we know cannot be met by the Pak government what are we trying to achieve. </li>
<li>If Pak military controls these rogue elements and military is not under the control of their government, why are we engaging with government only and not with Pak military directly? </li>
<li>What incentive are we creating for Pakistan government and military or people who can exercise influence to act against India based terror organizations? </li>
<li>Also, salute the brave soldiers that are fighting to keep us safe. Why are they not equipped with latest weapons and safety equipment? eg Why do operations have to stop at night. Why did we not deploy thermal scanning, night vision - disclaimer being this perception is based on limited information?</li>
</ul>
<div style="text-align: left;">
</div>
</div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-19659862.post-79929020769157761632015-12-21T00:12:00.000-08:002015-12-21T00:12:04.997-08:00Alkem and Dr Lal Path Lab IPO allotment - Is there a scam in allotment to retail category?<div dir="ltr" style="text-align: left;" trbidi="on">
Had applied for 17 lots of Dr Lal Pathlab and 9 lots for Alkem lab under the retail category. The issues were subscribed 4.24 and 3.17 times respectively in the retail category. Should have been allotted at least 4 lots of Dr Lal PathLabs and at least 2 lots of Alkem (rounded down - assuming all applications were valid) <br />
<br />
However have got just one of each. Given that these IPO's are expected to list at a premium is there some bungling done in the allotment process? The bank through which I applied (Kotak) would not respond on this. <br />
<br />
Needs to be examined by SEBI<br />
<br />
<br />
</div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-19659862.post-2049028651539388472015-09-30T02:27:00.002-07:002015-09-30T12:02:27.424-07:00What ails Skills Development in India and how to resolve this? <div dir="ltr" style="text-align: left;" trbidi="on">
<span style="font-family: Calibri;">The government and various agencies such as NSDC are making
a lot of effort for skills development, including the launch of the Skills India and Digital India programmes in mission mode. A lot is being done, but the pace is way
below India’s aspirations. So what ails skills development in India? </span><br />
<span style="font-family: Calibri;"><br /></span>
<span style="font-family: Calibri;">Consider the
following:</span><br />
<span style="font-family: Calibri;">
<o:p>
</o:p></span><br />
<br />
<ul style="text-align: left;"><span style="font-family: Calibri;">
<li><div class="MsoNormal" style="margin: 0cm 0cm 8pt;">
As per GOI, the requirement for skills training is over 400 million till year 2022, across 37 identified sectors. This includes 112 million fresh entrants the workforce and over 300 million workforce to be retrained. </div>
</li>
</span></ul>
<span style="font-family: Calibri;">
</span>
<br />
<ul style="text-align: left;"></ul>
<span style="font-family: Calibri;">
</span>
<br />
<ul style="text-align: left;"><span style="font-family: Calibri;">
<li><div class="MsoNormal" style="margin: 0cm 0cm 8pt;">
This implies 50 million to be trained per year. Current pace is a fraction of this requirement</div>
</li>
</span></ul>
<span style="font-family: Calibri;">
</span>
<br />
<ul style="text-align: left;"><span style="font-family: Calibri;">
<li><div class="MsoNormal" style="margin: 0cm 0cm 8pt;">
At 20 thousand rupees per person on average, this would costs 8 lac crore (or about 123 billion dollars). </div>
</li>
</span></ul>
<span style="font-family: Calibri;">
</span>
<ul style="text-align: left;"><span style="font-family: Calibri;">
<li><div class="MsoNormal" style="margin: 0cm 0cm 8pt;">
Clearly the government does not have this money to spend on skills development alone or event if it had, is not going to spend this much</div>
</li>
</span></ul>
<span style="font-family: Calibri;">
<ul style="text-align: left;">
<li><div class="MsoNormal" style="margin: 0cm 0cm 8pt;">
The industry is already spending where it can – post hiring, and the pace is only going to go up organically. Again too slowly. Therefore the only scalable solution is if individuals start paying for training. </div>
</li>
</ul>
<ul style="text-align: left;">
<li><div class="MsoNormal" style="margin: 0cm 0cm 8pt;">
However there is not much demand. This is due a mix of the following </div>
</li>
</ul>
<ul style="text-align: left;">
<li><div class="MsoNormal" style="margin: 0cm 0cm 8pt;">
Low training capacity in the country so training is not available </div>
</li>
</ul>
<ul style="text-align: left;">
<li><div class="MsoNormal" style="margin: 0cm 0cm 8pt;">
If its accessible, the quality if found wanting </div>
</li>
</ul>
<ul style="text-align: left;">
<li><div class="MsoNormal" style="margin: 0cm 0cm 8pt;">
People don’t know of the benefits of training as they have either never experienced this before or the community had a poor experience because they were earlier duped by promises of job after training or training quality itself was poor and therefore did not lead to a job. </div>
</li>
</ul>
<ul style="text-align: left;">
<li><div class="MsoNormal" style="margin: 0cm 0cm 8pt;">
People do not have money to spend on training or if they have money, culturally education is much higher priority than skills development (although education itself is poor with high drop-out and no link to jobs and outcomes). There is no pride to being a skilled master carpenter over even taking up a third rate engineering program which provides no skills and no future </div>
</li>
</ul>
<ul style="text-align: left;">
<li><div class="MsoNormal" style="margin: 0cm 0cm 8pt;">
People do not want to leave education to experience skills development because it’s a huge risk as once you leave education there is no going back <span style="mso-spacerun: yes;"> </span></div>
</li>
</ul>
<ul style="text-align: left;">
<li><div class="MsoNormal" style="margin: 0cm 0cm 8pt;">
While CEO’s cry for talent, their hiring managers still have a checkbox in the recruitment for which asks for a formal degree and therefore no job without formal college degree even if the degree is not worth the paper it is printed on. </div>
</li>
</ul>
<ul style="text-align: left;">
<li><div class="MsoNormal" style="margin: 0cm 0cm 8pt;">
<span style="mso-spacerun: yes;"> </span>Hiring managers want people with certified skills but are not ready to give even a small premium over a person they (still) hire without skills. </div>
</li>
</ul>
<ul style="text-align: left;">
<li><div class="MsoNormal" style="margin: 0cm 0cm 8pt;">
This may be due to inertia. Low capacity so a local institute cannot fulfil entire demand, so unskilled are still hired in larger majority </div>
</li>
</ul>
<ul style="text-align: left;">
<li><div class="MsoNormal" style="margin: 0cm 0cm 8pt;">
Lack of standards and need for customization means fresh batch of recruits still needs to be put through training program by the company - assuming everyone has no-skill </div>
</li>
</ul>
<ul style="text-align: left;">
<li><div class="MsoNormal" style="margin: 0cm 0cm 8pt;">
More importantly hiring managers have average starting salary as a performance parameter without assessment of skill levels</div>
</li>
</ul>
<ul style="text-align: left;">
<li><div class="MsoNormal" style="margin: 0cm 0cm 8pt;">
Therefore a person considering training sees that he can still get in without spending on training (time – 3 months and money – 15-20 thousand) </div>
</li>
</ul>
<ul style="text-align: left;">
<li><div class="MsoNormal" style="margin: 0cm 0cm 8pt;">
The opportunity cost is not only training fee but also 3 months salary @say 10 ke per month – Total opportunity cost is 20K<span style="mso-spacerun: yes;"> </span>+ 3x10K = 50 K </div>
</li>
</ul>
<ul style="text-align: left;">
<li><div class="MsoNormal" style="margin: 0cm 0cm 8pt;">
What a person does not realize is that work performance/productivity and therefore salary increases are much higher if he gets in with a certified skill</div>
</li>
</ul>
<ul style="text-align: left;">
<li><div class="MsoNormal" style="margin: 0cm 0cm 8pt;">
Now government is spending 15-20k per person through either vouchers (eg PMKVY) or direct reimbursements for training programs</div>
</li>
</ul>
<ul style="text-align: left;">
<li><div class="MsoNormal" style="margin: 0cm 0cm 8pt;">
This is counter-productive, because even in areas where people are willing to pay for training – say IT for example, students would see this and stop paying for programs leading to market distortion and impacting companies that do not need this government dole </div>
</li>
</ul>
<ul style="text-align: left;">
<li><div class="MsoNormal" style="margin: 0cm 0cm 8pt;">
Also learners have no skin in the game leading to poor motivation and therefore less than desirable outcomes </div>
</li>
</ul>
<ul style="text-align: left;">
<li><div class="MsoNormal" style="margin: 0cm 0cm 8pt;">
The government may be seeing this as market catalyst (like online retailers offering discounts) - getting people used to training and seeing the benefits. But needs to watch out for long term, unintended consequences </div>
</li>
</ul>
</span>
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 8pt;">
<span style="font-family: Calibri;">Watch out for discussion on solutions in a subsequent post. <span style="mso-spacerun: yes;"> </span>I don’t claim to have all the answers so
request you to leave your suggestions in the comments section <o:p></o:p></span></div>
</div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-19659862.post-67336901343886114312015-04-20T22:10:00.002-07:002015-04-20T22:10:38.376-07:00Rajat Gupta <div dir="ltr" style="text-align: left;" trbidi="on">
Fallen heroes are still heroes. The fact that heroes are not infallible proves that they are also human and can sometimes make mistakes. So is it fair that we treat them as untouchables after the mistake?<br />
<br />
How many of us can keep a hand on heart and say that we have never made a mistake, broken a law when no one was watching, or pushed the boundary of our own version of truth or integrity.<br />
<br />
A minor infraction is still an infraction. How do you think the world would react if all of these infractions were to appear on the front pages of newspapers around the world. How would you want the world to react to that? Would you like it that the world forget all the good things that you did and treat you like a common criminal if you really through that the infraction was just pushing at the boundaries and had no mal intent or had a moment of weakness. <br />
<br />
The law should and will take its own course. It must, to discourage others from doing the same mistake. However that does not mean that the rest of us have stopped respecting or admiring you for what you have done aside from this infraction. <br />
<br />
Writing this for Rajat Gupta for all the good that he has done for countless that he has not even personally met.<br />
</div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-19659862.post-68358786357452652462015-04-20T02:02:00.001-07:002015-04-23T04:21:22.326-07:00Why India needs a reformed Land Acquisition, Rehabilitation and Resettlement Act? <div dir="ltr" style="text-align: left;" trbidi="on">
<span style="font-family: Calibri;">Consider the following <o:p></o:p></span><br />
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 8pt;">
<span style="font-family: Calibri;">Roads, factories, houses, dams etc need to be built for
development. India needs to create better infrastructure for development of the
country and provide higher the standard of living for all Indians. <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 8pt;">
<span style="font-family: Calibri;">Think of the NH1 (National Highway 1) connecting Delhi to
Amritsar or any other highway, and the enormous prosperity that it has brought
to the people and cities located along the way. <span style="mso-spacerun: yes;"> </span>Roads cannot be built on thin air (at least
not yet) and such development requires acquisition of land by the government to
enable construction of roads. This road construction if often outsourced for a
fixed price or for a toll fee to be collected over a period, to for-profit
private entities. For profit is not a bad term. It creates incentive for
private entities to become more efficient, creates competition thus creates
development. If the government does not own a continuous stretch of this land
for the road it needs to acquire this from the land owners, who in most cases
and inevitably are farmers.<span style="mso-spacerun: yes;"> </span><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 8pt;">
<span style="font-family: Calibri;">The farmers’ livelihood is dependent on these lands. They
are not necessarily skilled in any other work and depend on the land for a
living and cannot survive if this is taken away from them.<span style="mso-spacerun: yes;"> </span><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 8pt;">
<span style="font-family: Calibri;">How to address both these concerns. In theory, the farmers
would agree to sell for a fair compensation that takes care of their livelihood
and they can use this compensation to relocate and continue to enjoy at-least
and perhaps and better standard of living than before. <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 8pt;">
<span style="font-family: Calibri;">However, in reality this is not efficient and both parties
can take advantage of this situation <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 8pt;">
<span style="font-family: Calibri;">Farmers fear that government would not give them a fair
compensation and kick them out of their livelihood and place of living <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 8pt;">
<span style="font-family: Calibri;">Government fears farmers would take undue advantage and hold
out on selling leading making the projects considerably expensive if not
unviable and delay development<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 8pt;">
<span style="font-family: Calibri;">Therefore a balanced law is needed to ensure concerns of
both parties are met and an environment is created to ensure faster
development. <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 8pt;">
<span style="font-family: Calibri;">Now, India already has a Land Acquisition Act that was
passed in 2013.<span style="mso-spacerun: yes;"> </span>However, the government
feels that the current act has led to constraints on speed of development and
wants to amend certain provisions to speed things up. Does that necessarily
mean that farmers would be worse off, is not clear, but that certainly seems to
be the impression that opposition parties have managed to create,<span style="mso-spacerun: yes;"> </span>leading to a negative farmer sentiment
against the revised proposals. <o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 8pt;">
<span style="font-family: Calibri;">Here is the summary of proposed changes versus the current
Act and my analysis. <o:p></o:p></span></div>
<br />
<div class="Default" style="margin: 0cm 0cm 0pt;">
<o:p><span style="font-family: Arial;"> </span></o:p></div>
<br />
<table border="1" cellpadding="0" cellspacing="0" class="MsoNormalTable" style="border-collapse: collapse; border: currentColor; mso-border-alt: solid windowtext .5pt; mso-border-insideh: .5pt solid windowtext; mso-border-insidev: .5pt solid windowtext; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; width: 100%px;">
<tbody>
<tr style="height: 4.65pt; mso-yfti-firstrow: yes; mso-yfti-irow: 0;">
<td style="background-color: transparent; border: 1pt solid windowtext; height: 4.65pt; mso-border-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.96%;" valign="top" width="24%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Arial;"><span style="mso-spacerun: yes;"> </span><b><span style="font-size: 10pt;">LARR Act, 2013 </span></b><span style="font-size: 10pt;"><o:p></o:p></span></span></div>
</td>
<td style="background-color: transparent; border-color: windowtext windowtext windowtext rgb(0, 0, 0); border-style: solid solid solid none; border-width: 1pt 1pt 1pt 0px; height: 4.65pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.08%;" valign="top" width="24%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Arial;"><b><span style="font-size: 10pt;">Ordinance/LARR (Amendment)
Bill, 2015 (as introduced) </span></b><span style="font-size: 10pt;"><o:p></o:p></span></span></div>
</td>
<td style="background-color: transparent; border-color: windowtext windowtext windowtext rgb(0, 0, 0); border-style: solid solid solid none; border-width: 1pt 1pt 1pt 0px; height: 4.65pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 26.46%;" valign="top" width="26%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Arial;"><b><span style="font-size: 10pt;">Bill as passed by Lok
Sabha </span></b><span style="font-size: 10pt;"><o:p></o:p></span></span></div>
</td>
<td style="background-color: transparent; border-color: windowtext windowtext windowtext rgb(0, 0, 0); border-style: solid solid solid none; border-width: 1pt 1pt 1pt 0px; height: 4.65pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.5%;" valign="top" width="24%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<b><span style="font-size: 10pt;"><span style="font-family: Arial;">My Comments<o:p></o:p></span></span></b></div>
</td>
</tr>
<tr style="height: 4.65pt; mso-yfti-irow: 1;">
<td colspan="3" style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 4.65pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 75.5%;" valign="top" width="75%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Arial;"><b><span style="font-size: 10pt;">Consent (Proviso to
Section 2(2))* </span></b><span style="font-size: 10pt;"><o:p></o:p></span></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 4.65pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.5%;" valign="top" width="24%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<b><span style="font-size: 10pt;"><o:p><span style="font-family: Arial;"> </span></o:p></span></b></div>
</td>
</tr>
<tr style="height: 21.9pt; mso-yfti-irow: 2;">
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 21.9pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.96%;" valign="top" width="24%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-size: 10pt;"><span style="font-family: Arial;">The consent of 80% land
owners required for private projects. The consent of 70% land owners required
for Public-Private Partnership projects. No consent is required for
government projects. <o:p></o:p></span></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 21.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.08%;" valign="top" width="24%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-size: 10pt;"><span style="font-family: Arial;">The Bill exempts five types
of projects from this provision. These categories are: (i) defence, (ii)
rural infrastructure, (iii) affordable housing, (iv) industrial corridors,
and (v) infrastructure and social infrastructure including PPP projects where
the government owns the land. <o:p></o:p></span></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 21.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 26.46%;" valign="top" width="26%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-size: 10pt;"><span style="font-family: Arial;">Removes social infrastructure
from the 5 exempted projects. Specifies the definition of industrial
corridors as those set up by the government/government undertakings, up to 1
km on either side of the road/railway of the corridor. <o:p></o:p></span></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 21.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.5%;" valign="top" width="24%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-size: 10pt;"><span style="font-family: Arial;">The categories defined are
very open ended and can be misused. Almost all projects can be classified in
one of these categories and while the government’s intent is right, the open
ended nature of these categories makes this the most controversial change. <o:p></o:p></span></span></div>
<div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-size: 10pt;"><o:p><span style="font-family: Arial;"> </span></o:p></span></div>
<div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-size: 10pt;"><span style="font-family: Arial;">The government needs to
define these better eg Defence projects where government ownership is
>51%. Public Infra such as roads, hydro power projects that cannot be<span style="mso-spacerun: yes;"> </span>set up elsewhere without leading making
these projects unviable. <o:p></o:p></span></span></div>
<div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-size: 10pt;"><o:p><span style="font-family: Arial;"> </span></o:p></span></div>
<div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-size: 10pt;"><span style="font-family: Arial;">However, coal power projects
for example that can be set up elsewhere need not do away with the consent
provision.<o:p></o:p></span></span></div>
<div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-size: 10pt;"><o:p><span style="font-family: Arial;"> </span></o:p></span></div>
<div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-size: 10pt;"><span style="font-family: Arial;">Government can also consider
lowering the consent limit to say 50% for some of these categories of
projects rather than doing away with it completely.<o:p></o:p></span></span></div>
<div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-size: 10pt;"><o:p><span style="font-family: Arial;"> </span></o:p></span></div>
<div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-size: 10pt;"><o:p><span style="font-family: Arial;"> </span></o:p></span></div>
<div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-size: 10pt;"><o:p><span style="font-family: Arial;"> </span></o:p></span></div>
</td>
</tr>
<tr style="height: 4.65pt; mso-yfti-irow: 3;">
<td colspan="3" style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 4.65pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 75.5%;" valign="top" width="75%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Arial;"><b><span style="font-size: 10pt;">Social Impact Assessment
(Chapter II) </span></b><span style="font-size: 10pt;"><o:p></o:p></span></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 4.65pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.5%;" valign="top" width="24%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<b><span style="font-size: 10pt;"><o:p><span style="font-family: Arial;"> </span></o:p></span></b></div>
</td>
</tr>
<tr style="height: 21.85pt; mso-yfti-irow: 4;">
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 21.85pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.96%;" valign="top" width="24%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-size: 10pt;"><span style="font-family: Arial;">SIA is mandatory for all
projects except: (i) in cases of urgency as outlined in Section 40 or (ii)
for irrigation projects where an Environmental Impact Assessment is required.
<o:p></o:p></span></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 21.85pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.08%;" valign="top" width="24%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-size: 10pt;"><span style="font-family: Arial;">The Bill allows the
government to exempt projects falling under the five categories mentioned
above from this provision, through a notification. Therefore, an SIA need not
be conducted if the government issues a notification stating this (on a
project to project basis). <o:p></o:p></span></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 21.85pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 26.46%;" valign="top" width="26%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-size: 10pt;"><span style="font-family: Arial;">Adds that before issuing the
notification, the government must ensure that the extent of land being
acquired is in keeping with the minimum land required. <o:p></o:p></span></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 21.85pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.5%;" valign="top" width="24%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-size: 10pt;"><span style="font-family: Arial;">Why should there not be a
social impact assessment? The fear perhaps is that any SIA report would make
projects a political hot potato and cause unnecessary delays. The act should
instead make provide for SIA to be done in a timely manner and scope SIA of
this needs to be clearly defined. <o:p></o:p></span></span></div>
</td>
</tr>
<tr style="height: 4.65pt; mso-yfti-irow: 5;">
<td colspan="3" style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 4.65pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 75.5%;" valign="top" width="75%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Arial;"><b><span style="font-size: 10pt;">Irrigated multi-cropped
land (Chapter III) </span></b><span style="font-size: 10pt;"><o:p></o:p></span></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 4.65pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.5%;" valign="top" width="24%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<b><span style="font-size: 10pt;"><o:p><span style="font-family: Arial;"> </span></o:p></span></b></div>
</td>
</tr>
<tr style="height: 27.65pt; mso-yfti-irow: 6;">
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 27.65pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.96%;" valign="top" width="24%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-size: 10pt;"><span style="font-family: Arial;">Irrigated multi-cropped land
cannot be acquired beyond a limit specified by the government. The
acquisition of agricultural land for all projects in a district/state must
not exceed the total net sown area of the district/state. <o:p></o:p></span></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 27.65pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.08%;" valign="top" width="24%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-size: 10pt;"><span style="font-family: Arial;">The Bill allows the government
to exempt projects falling under the five categories mentioned above from
this provision, through a notification. Therefore, this limit need not be
adhered to if the government issues a notification stating this (on a project
to project basis). <o:p></o:p></span></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 27.65pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 26.46%;" valign="top" width="26%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-size: 10pt;"><span style="font-family: Arial;">Adds that before issuing the
notification, the government must ensure that the extent of land being
acquired is in keeping with the minimum land required. <o:p></o:p></span></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 27.65pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.5%;" valign="top" width="24%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-size: 10pt;"><span style="font-family: Arial;">Should be okay other
provisions are better defined. <o:p></o:p></span></span></div>
</td>
</tr>
<tr style="height: 4.65pt; mso-yfti-irow: 7;">
<td colspan="3" style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 4.65pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 75.5%;" valign="top" width="75%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Arial;"><b><span style="font-size: 10pt;">Compensation &
rehabilitation and resettlement (R&R) provisions of 13 other laws which
govern land acquisition (Fourth Schedule) </span></b><span style="font-size: 10pt;"><o:p></o:p></span></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 4.65pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.5%;" valign="top" width="24%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<b><span style="font-size: 10pt;"><o:p><span style="font-family: Arial;"> </span></o:p></span></b></div>
</td>
</tr>
<tr style="height: 33.35pt; mso-yfti-irow: 8;">
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 33.35pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.96%;" valign="top" width="24%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-size: 10pt;"><span style="font-family: Arial;">The Act exempted 13 laws
(such as the National Highways Act, 1956 and the Railways Act, 1989) from its
ambit. These laws also govern the process of acquisition of land for specific
sectors. However, the Act required that compensation and R&R provisions
of these laws be brought in consonance with it by January 1, 2015. <o:p></o:p></span></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 33.35pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.08%;" valign="top" width="24%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-size: 10pt;"><span style="font-family: Arial;">The Bill seeks to do this,
that is, to bring the compensation and R&R provisions of 13 other laws in
consonance with the Act. <o:p></o:p></span></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 33.35pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 26.46%;" valign="top" width="26%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-size: 10pt;"><span style="font-family: Arial;">No change. <o:p></o:p></span></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 33.35pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.5%;" valign="top" width="24%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-size: 10pt;"><span style="font-family: Arial;">Should be okay. Needed to
simplify compliance and speed up projects. <o:p></o:p></span></span></div>
</td>
</tr>
<tr style="height: 4.65pt; mso-yfti-irow: 9;">
<td colspan="3" style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 4.65pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 75.5%;" valign="top" width="75%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Arial;"><b><span style="font-size: 10pt;">Return of unutilised land
(Section 101) </span></b><span style="font-size: 10pt;"><o:p></o:p></span></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 4.65pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.5%;" valign="top" width="24%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<b><span style="font-size: 10pt;"><o:p><span style="font-family: Arial;"> </span></o:p></span></b></div>
</td>
</tr>
<tr style="height: 16.1pt; mso-yfti-irow: 10;">
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 16.1pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.96%;" valign="top" width="24%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-size: 10pt;"><span style="font-family: Arial;">If land acquired under the
Act remains unutilised for five years from taking possession, it must be
returned to the original owners or a land bank. <o:p></o:p></span></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 16.1pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.08%;" valign="top" width="24%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-size: 10pt;"><span style="font-family: Arial;">The Bill changes this to
state that the period after which unutilised land will need to be returned to
the later of: (i) five years, or (ii) any period specified at the time of
setting up the project. <o:p></o:p></span></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 16.1pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 26.46%;" valign="top" width="26%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-size: 10pt;"><span style="font-family: Arial;">No change. <o:p></o:p></span></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 16.1pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.5%;" valign="top" width="24%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-size: 10pt;"><span style="font-family: Arial;">No need for this amendment. <o:p></o:p></span></span></div>
</td>
</tr>
<tr style="height: 4.65pt; mso-yfti-irow: 11;">
<td colspan="3" style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 4.65pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 75.5%;" valign="top" width="75%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-family: Arial;"><b><span style="font-size: 10pt;">Retrospective application
(Section 24(2)) </span></b><span style="font-size: 10pt;"><o:p></o:p></span></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 4.65pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.5%;" valign="top" width="24%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<b><span style="font-size: 10pt;"><o:p><span style="font-family: Arial;"> </span></o:p></span></b></div>
</td>
</tr>
<tr style="height: 16.1pt; mso-yfti-irow: 12;">
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 16.1pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.96%;" valign="top" width="24%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-size: 10pt;"><span style="font-family: Arial;">The Land Acquisition Act,
1894 will continue to apply in certain cases, when an award has been made
under it. The LARR Act, 2013 will apply in case an award has been made five
years or more prior to the commencement of the LARR Act, 2013 but the
physical possession of the land has not been taken or compensation has not
been paid.<o:p></o:p></span></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 16.1pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.08%;" valign="top" width="24%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-size: 10pt;"><span style="font-family: Arial;">The Bill states that in
calculating the time period for retrospective application, any period during
which the proceedings were held up: (i) due to a stay order of a court, or
(ii) for a period specified in the award of a Tribunal, or (iii) for any
period where possession was taken but the compensation is lying deposited in
a court or any account, will not be counted.<o:p></o:p></span></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 16.1pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 26.46%;" valign="top" width="26%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-size: 10pt;"><span style="font-family: Arial;">Changes ‘account’ to
‘designated account’. <o:p></o:p></span></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 16.1pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.5%;" valign="top" width="24%"><div class="Default" style="margin: 0cm 0cm 0pt;">
<span style="font-size: 10pt;"><span style="font-family: Arial;">Should be okay with this
change. <o:p></o:p></span></span></div>
</td>
</tr>
<tr style="height: 4.65pt; mso-yfti-irow: 13;">
<td colspan="3" style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 4.65pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 75.5%;" valign="top" width="75%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<b><span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;">R&R
award (Section 31, Second Schedule) </span></b><span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;"><o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 4.65pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.5%;" valign="top" width="24%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<b><span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;"><o:p> </o:p></span></b></div>
</td>
</tr>
<tr style="height: 10.4pt; mso-yfti-irow: 14;">
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 10.4pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.96%;" valign="top" width="24%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;">The Act
provides the option of employment to one member of an affected family as part
of the R&R award. <o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 10.4pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.08%;" valign="top" width="24%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;">No
change. <o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 10.4pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 26.46%;" valign="top" width="26%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;">Adds that
employment to ‘one member of such affected family of farm labour’ must be
given. <o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 10.4pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.5%;" valign="top" width="24%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;">Farmers
should be okay with this. However employed to do what and at what salary
levels. This needs clarification<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 4.65pt; mso-yfti-irow: 15;">
<td colspan="3" style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 4.65pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 75.5%;" valign="top" width="75%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<b><span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;">Change
from private ‘company’ to private ‘entity’ (Section 3(j)) </span></b><span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;"><o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 4.65pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.5%;" valign="top" width="24%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<b><span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;"><o:p> </o:p></span></b></div>
</td>
</tr>
<tr style="height: 27.6pt; mso-yfti-irow: 16;">
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 27.6pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.96%;" valign="top" width="24%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;">The
provisions of the Act are also applicable when land is acquired for public
purpose for private companies. A company was one included in the Companies
Act, 1956, or under the Societies Registration Act, 1860. <o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 27.6pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.08%;" valign="top" width="24%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;">The Bill
changes the term ‘private company’ to ‘private entity’. A ‘private entity’ is
an entity other than a government entity, and includes a proprietorship,
partnership, company, corporation, non-profit organisation, or other entity.
The Bill changes the Companies Act, 1956 to the Companies Act, 2013. <o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 27.6pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 26.46%;" valign="top" width="26%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;">No
change. <o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 27.6pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.5%;" valign="top" width="24%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;">Okay with
this. <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 4.65pt; mso-yfti-irow: 17;">
<td colspan="3" style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 4.65pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 75.5%;" valign="top" width="75%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<b><span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;">Change to
hearing by Land Acquisition, Rehabilitation and Resettlement Authority
(Chapter VIII) </span></b><span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;"><o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 4.65pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.5%;" valign="top" width="24%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<b><span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;"><o:p> </o:p></span></b></div>
</td>
</tr>
<tr style="height: 21.85pt; mso-yfti-irow: 18;">
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 21.85pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.96%;" valign="top" width="24%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;">The Act
provides for the establishment of a Land Acquisition, Rehabilitation and
Resettlement (LARR) Authority which may be approached in case a person is not
satisfied with an award under the Act. <o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 21.85pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.08%;" valign="top" width="24%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;">No
change. <o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 21.85pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 26.46%;" valign="top" width="26%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;">Adds that
the LARR Authority must hold its hearing in the district where the land
acquisition is taking place, after receiving a reference from the Collector
and giving notice of this reference to all concerned parties. <o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 21.85pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.5%;" valign="top" width="24%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;">Okay with
this change<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 4.65pt; mso-yfti-irow: 19;">
<td colspan="3" style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 4.65pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 75.5%;" valign="top" width="75%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<b><span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;">Offences
by the government (Section 87) </span></b><span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;"><o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 4.65pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.5%;" valign="top" width="24%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<b><span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;"><o:p> </o:p></span></b></div>
</td>
</tr>
<tr style="height: 21.9pt; mso-yfti-irow: 20;">
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 21.9pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.96%;" valign="top" width="24%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;">If an
offence is committed by a government department, the head of the department
will be deemed guilty unless he can show that he had exercised due diligence
to prevent the commission of the offence. <o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 21.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.08%;" valign="top" width="24%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;">The Bill
deletes this provision. <o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 21.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 26.46%;" valign="top" width="26%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;">No
change. <o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 21.9pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.5%;" valign="top" width="24%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;">This is probably
much needed amendment if we want our bureaucrats to be able to function and
to create a development focused environment and remove red tape. People make
genuine mistakes, they cannot make any decision if they have to go to jail
for every mistake.. <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 21.85pt; mso-yfti-irow: 21;">
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 21.85pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.96%;" valign="top" width="24%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;"><o:p> </o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 21.85pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.08%;" valign="top" width="24%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;">The Bill
adds a provision to state that if an offence is committed by a government
employee he cannot be prosecuted without the prior sanction of the
government, as provided under Section 197 of the Code of Criminal Procedure,
1973. <o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 21.85pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 26.46%;" valign="top" width="26%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;">Replaces
this to state that a government employee can be prosecuted as provided for in
Section 197 of the Code of Criminal Procedure, 1973.<o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 21.85pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.5%;" valign="top" width="24%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;"><o:p> </o:p></span></div>
</td>
</tr>
<tr style="height: 4.65pt; mso-yfti-irow: 22;">
<td colspan="3" style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 4.65pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 75.5%;" valign="top" width="75%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<b><span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;">Survey of
wasteland (No provision) </span></b><span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;"><o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 4.65pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.5%;" valign="top" width="24%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<b><span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;"><o:p> </o:p></span></b></div>
</td>
</tr>
<tr style="height: 16.1pt; mso-yfti-irow: 23;">
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 16.1pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.96%;" valign="top" width="24%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;">No
provision. <o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 16.1pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.08%;" valign="top" width="24%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;">No
change. <o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 16.1pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 26.46%;" valign="top" width="26%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;">Adds a
provision that the government must conduct a survey of its wasteland
including arid land, and maintain a record with details of this land, as may
be prescribed by the government. <o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 16.1pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.5%;" valign="top" width="24%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;">Pragmatic
change. Government should consider using wasteland/arid land before acquiring
land from farmers. <o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 4.65pt; mso-yfti-irow: 24;">
<td colspan="3" style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 4.65pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 75.5%;" valign="top" width="75%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<b><span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;">Acquisition
of land for private hospitals and private educational institutions (Section
2(1)(b)(i)))) </span></b><span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;"><o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 4.65pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.5%;" valign="top" width="24%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<b><span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;"><o:p> </o:p></span></b></div>
</td>
</tr>
<tr style="height: 10.35pt; mso-yfti-irow: 25; mso-yfti-lastrow: yes;">
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext; border-style: none solid solid; border-width: 0px 1pt 1pt; height: 10.35pt; mso-border-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.96%;" valign="top" width="24%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;">Excluded
the acquisition of land for private hospitals and private educational
institutions. <o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 10.35pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.08%;" valign="top" width="24%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;">The Bill
allows the acquisition of land for private hospitals and educational
institutions. <o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 10.35pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 26.46%;" valign="top" width="26%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;">Removes
this provision. Thus, the acquisition of land for private hospitals &
private educational institutions is excluded. <o:p></o:p></span></div>
</td>
<td style="background-color: transparent; border-color: rgb(0, 0, 0) windowtext windowtext rgb(0, 0, 0); border-style: none solid solid none; border-width: 0px 1pt 1pt 0px; height: 10.35pt; mso-border-alt: solid windowtext .5pt; mso-border-left-alt: solid windowtext .5pt; mso-border-top-alt: solid windowtext .5pt; padding: 0cm 5.4pt; width: 24.5%;" valign="top" width="24%"><div class="MsoNormal" style="line-height: normal; margin: 0cm 0cm 0pt; mso-layout-grid-align: none;">
<span style="color: black; font-family: "Arial",sans-serif; font-size: 10pt;">No change
here but aren’t private hospitals and private schools also necessary infra.
Especially Schools, since they are not for profit by law. But that is a
discussion for another time. <o:p></o:p></span></div>
</td>
</tr>
</tbody></table>
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 8pt;">
<o:p><span style="font-family: Calibri;"> </span></o:p></div>
</div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-19659862.post-55565459740499851372015-04-06T22:43:00.000-07:002015-04-06T22:49:19.786-07:00RBI Keeps Key Rates and CRR unchanged <div dir="ltr" style="text-align: left;" trbidi="on">
In the RBI policy meet today, the reserve bank has decided make no changes to Repo / Reverse Repo rates which is as expected after making two surprise rate cuts this year. A section of the market although had expected some tweaking in SLR or CRR. However RBI decided to leave these unchanged as well. Repo Rate remains at 7.5%, SLR at 21.5% and CRR at 4%<br />
<br />
Rajan is probably waiting to get more clarity on Fed moves and also worried about the impact of the unseasonal rains and the impact that may have on food inflation and therefore on targeted inflation levels. <br />
<br />
Repo rate is the rate of interest at which RBI lends to commercial banks <br />
<br />
</div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-19659862.post-71843480733402094692015-03-31T03:24:00.001-07:002015-03-31T03:24:22.127-07:00Airbnb Promo Code India<div dir="ltr" style="text-align: left;" trbidi="on">
Are you planning to try out Airbnb? Invite you to sign up with this link to get free credits of 25 US Dollars or 17 GBP or equivalent in your home currency (eg in India this would be almost 1600 Rupees). This credit can be used in your first booking for an Airbnb hosted home. If you are looking to rent out your own home or place you will get $75 USD or 51 GBP as credit. That's a sweet deal for signing up using this link <br />
<br />
Here you go : <a href="http://goo.gl/ohXUwf">http://goo.gl/ohXUwf</a> <br />
<br />
<br />
</div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-19659862.post-71505712842021557522015-03-28T08:49:00.003-07:002015-03-28T08:49:34.779-07:00Why Firspost should be careful who they they call Kaminey? #JustThinkingAloud<div dir="ltr" style="text-align: left;" trbidi="on">
<span style="font-family: Calibri;">Have been reading firstpost’s account of the latest sting on
Arvind Kejriwal with some amusement and some frustration. Here are my thoughts <o:p></o:p></span><br />
<br />
<div class="MsoListParagraphCxSpFirst" style="margin: 0cm 0cm 0pt 36pt; mso-list: l0 level1 lfo1; text-indent: -18pt;">
<!--[if !supportLists]--><span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">a)</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: Calibri;">I am amused because of the following: <o:p></o:p></span></div>
<br />
<div class="MsoListParagraphCxSpMiddle" style="margin: 0cm 0cm 0pt 36pt;">
<o:p><span style="font-family: Calibri;"> </span></o:p></div>
<br />
<div class="MsoListParagraphCxSpMiddle" style="margin: 0cm 0cm 0pt 36pt;">
<span style="font-family: Calibri;">FP thinks the colourful language used by
Arvind is okay for run of the mill politicians the kinds that he despises (or
in other FP would have you believe pretends that he despises) and by using this
language when he is angry shows his class and true colors. According to FP this
language is unbecoming of an intellectual like AK and IITian, IRS officer and
anti-corruption crusader and is almost Virat Kohliesque (FP should be more
careful here in what they are implying, as in another article which they get an
easy target in terms of Times Now and the #shameontimesnow episode…) .<span style="mso-spacerun: yes;"> </span><o:p></o:p></span></div>
<br />
<div class="MsoListParagraphCxSpMiddle" style="margin: 0cm 0cm 0pt 72pt; mso-add-space: auto; mso-list: l0 level2 lfo1; text-indent: -18pt;">
<!--[if !supportLists]--><span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">a.</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: Calibri;">In my view AK never pretended to be an
intellectual <o:p></o:p></span></div>
<br />
<div class="MsoListParagraphCxSpMiddle" style="margin: 0cm 0cm 0pt 72pt; mso-add-space: auto; mso-list: l0 level2 lfo1; text-indent: -18pt;">
<!--[if !supportLists]--><span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">b.</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: Calibri;">He will tell you that he is only an aam aadmi <o:p></o:p></span></div>
<br />
<div class="MsoListParagraphCxSpMiddle" style="margin: 0cm 0cm 0pt 72pt; mso-add-space: auto; mso-list: l0 level2 lfo1; text-indent: -18pt;">
<!--[if !supportLists]--><span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">c.</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: Calibri;">He is an aam aadmi with a singular mission ( at
least above all, to wipe out corruption from Indian politics and will take no
prisoners in his fight against the same) <span style="mso-spacerun: yes;"> </span><o:p></o:p></span></div>
<br />
<div class="MsoListParagraphCxSpMiddle" style="margin: 0cm 0cm 0pt 72pt; mso-add-space: auto; mso-list: l0 level2 lfo1; text-indent: -18pt;">
<!--[if !supportLists]--><span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">d.</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: Calibri;">In fact, the writer appears to be following some
Victorian way of life where he has never been in touch with the aam aadmi,
IITians much less IRS officers. I have seen a few from close quarters. As great
as there are their language when frustrated can be quite colourful that too in
East Man Color. <o:p></o:p></span></div>
<br />
<div class="MsoListParagraphCxSpMiddle" style="margin: 0cm 0cm 0pt 72pt; mso-add-space: auto; mso-list: l0 level2 lfo1; text-indent: -18pt;">
<!--[if !supportLists]--><span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">e.</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: Calibri;">He invokes Gandhi as an ideal for use of
language, Tough to argue with that. But I could have said 2+2 = 4 and it would
have been tough to argue with that too. <o:p></o:p></span></div>
<br />
<div class="MsoListParagraphCxSpMiddle" style="margin: 0cm 0cm 0pt 72pt; mso-add-space: auto; mso-list: l0 level2 lfo1; text-indent: -18pt;">
<!--[if !supportLists]--><span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">f.</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: Calibri;">If anything the language only shows his
frustrations with the two people in question and makes him sound like a common
man. Much like the rest of us not pretending to be any different<o:p></o:p></span></div>
<br />
<div class="MsoListParagraphCxSpMiddle" style="margin: 0cm 0cm 0pt 36pt;">
<o:p><span style="font-family: Calibri;"> </span></o:p></div>
<br />
<div class="MsoListParagraphCxSpMiddle" style="margin: 0cm 0cm 0pt 36pt; mso-list: l0 level1 lfo1; text-indent: -18pt;">
<!--[if !supportLists]--><span style="mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin;"><span style="mso-list: Ignore;"><span style="font-family: Calibri;">b)</span><span style="font-size-adjust: none; font-stretch: normal; font: 7pt/normal "Times New Roman";">
</span></span></span><!--[endif]--><span style="font-family: Calibri;">I am also a little frustrated, which made me
write this ( and I don’t claim to be great at writing) <o:p></o:p></span></div>
<br />
<div class="MsoListParagraphCxSpMiddle" style="margin: 0cm 0cm 0pt 36pt;">
<span style="font-family: Calibri;"><span style="mso-spacerun: yes;"> </span><o:p></o:p></span></div>
<br />
<div class="MsoListParagraphCxSpMiddle" style="margin: 0cm 0cm 0pt 36pt;">
<span style="font-family: Calibri;">I am a regular reader of FP. But I am
frustrated that every now and then editorial slack allows them to put forward
arguments that will stretch any logic beyond logic. Remotest of links and (even
alliterations </span><span style="font-family: Wingdings; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-char-type: symbol; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin; mso-symbol-font-family: Wingdings;"><span style="mso-char-type: symbol; mso-symbol-font-family: Wingdings;">J</span></span><span style="font-family: Calibri;">)
are used to sensationalize matters. Any person can see through this creative
license that writers use to twist facts just to make a point. FP is guilt of
the same type of bad journalism that they have pointed out (opportunistically
at their rival channel Times Now) and saying that cricket fans have matured. <o:p></o:p></span></div>
<br />
<div class="MsoListParagraphCxSpMiddle" style="margin: 0cm 0cm 0pt 36pt;">
<o:p><span style="font-family: Calibri;"> </span></o:p><span style="font-family: Calibri;">#JustThinkingAloud FP may soon realize that
it is not just the cricket fans but their aam aadmi reader who has also matured
and FP may soon need to be glued to their twitter stream as well<o:p></o:p></span></div>
</div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-19659862.post-48928344357075994292015-03-27T04:49:00.002-07:002015-03-27T04:50:06.285-07:00#JustThinkingAloud -Why are we so shocked by YY and PB being side lined out of AAP? <div dir="ltr" style="text-align: left;" trbidi="on">
<span style="font-family: Calibri;">Organizations need alignment and singularity of purpose to
succeed. This does not mean that there no room for dissent and difference in opinions. On the contrary,
organizations need dissent and debate. But there is a time and place for that.
Successful organizations need to put dissent behind them when it’s time to
execute and importantly the difference in views should stay hidden from the
external view to inspire confidence in its customers and shareholders, and they know what to expect from the
organization at all time. Sure, organizations can change their focus or
direction, but at any given point of time the messaging needs to be coherent. <o:p></o:p></span><br />
<br />
<div class="MsoNormal" style="margin: 0cm 0cm 8pt;">
<span style="font-family: Calibri;">Equally important to this alignment on goals and objectives is to
have coordination between its all units and departments. Anything that hinders
proper coordination to achieve common goals impacts strategy execution, thus leading to frustration, escalation
and/or duplication of effort and general failure to meet objectives leading to
missed commitments to customers. <o:p></o:p></span></div>
<span style="font-family: Calibri;">If AAP were a company, would we not be okay with the company
censuring YY and PB and projecting the CEO i.e. AK is the know all leader. </span><br />
<span style="font-family: Calibri;"></span><br />
<div class="MsoNormal" style="margin: 0cm 0cm 8pt;">
<span style="font-family: Calibri;">What is wrong if the AAP, the political party does the same.
After all, are we more worried about upholding idealism or its ability to put an
end to corruption and transparent governance and driving growth for the
country. <span style="mso-spacerun: yes;"> </span>Why is the aam aadmi worried if
the company in which they are all shareholders and also customer ‘<b style="mso-bidi-font-weight: normal;">appears to have a single supreme CEO</b>’?</span></div>
<span style="font-family: Calibri;">#JustThinkingAloud<o:p></o:p></span></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-19659862.post-89111909996191409182015-03-23T00:03:00.001-07:002015-03-23T00:03:18.727-07:00#JustThinkingAloud -Are E-Commerce/Digital Companies being Anti Competitive and Unethical?<div dir="ltr" style="text-align: left;" trbidi="on">
Ecommerce digital industry is right now a land grab operation, in coercing users to their online platforms or marketplaces to buy goods and services. While the idea is to get users hooked on to the convenience of transacting online but many are selling these goods and services below cost, think Amazon in India (even if it is a few items and limited inventory during mega sales) or even Ola losing money on each ride. <br />
<br />
Would this not be considered anti competitive and unethical if regular firms were doing this to each other in mature markets. This is impacting ability of brick and mortar companies, that have made huge investments already, to compete on a level playing field. <br />
<br />
While, tech companies passing on efficiencies due to better use of technology is fine but this 'land grab' operation funded by money from private equity funds is being unfair to the traditional players. <br />
<br />
#JustThinkingAloud</div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-19659862.post-68520858264649937172015-01-07T05:37:00.001-08:002015-01-07T05:37:17.486-08:00Best Place For Organic Food In Gurgaon<div dir="ltr" style="text-align: left;" trbidi="on">
Ordered Organic food today from <a href="http://www.organicexpressindia.com/">www.OrganicExpressIndia.com</a>. Delivers <a href="http://food.organicexpressindia.com/order-online" target="_blank">Organic Food all over Gurgaon</a>. Food is cooked with Organic Veggies and Free Range Chicken. Delivered in 35 minutes and came in neat packaging. A friend had recommended their chicken falafel wrap and chicken biryani. Was delicious. <br />
<br />
The website is cool and easy to use. Was surprised (and happy) to see the large range on their menu. The menu includes multiple vegan options as well (not that I am vegan). <br />
<br />
<br />
</div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-19659862.post-36830956885421939272014-11-22T06:55:00.000-08:002014-12-01T01:40:31.636-08:00Android Lollipop: Whats the whole fuss<div dir="ltr" style="text-align: left;" trbidi="on">
Android kids may be swooning over lollipop (android version 5.0), however, I fail to see what the whole fuss is about. My phone recently upgraded itself from 4.4 to 5.0 (its a google nexus 5) and I have failed to see how it changes my life except that, and predictably, it is now slower than before, albeit by a small amount not to cause any alarms. Sure there are a few tweaks but by and large could have lived without it as well. <br />
<br />
Which made me seek out what others are saying. Just read the top 10 features that Lollipop has that Kit Kat did not <a href="http://tech.firstpost.com/news-analysis/android-5-0-lollipop-10-exciting-new-features-you-wont-find-on-kitkat-242771.html">here.</a> If this is really it then its a big {Yawn...}<br />
<br />
Update: People are reporting that phones have actually become slower. Also not only is the picture Gallery missing, the camera app hangs occasionally as well <br />
<br />
The only worthwhile improvement has been that incoming phone calls don't take over the entire screen and can be dismissed while continuing to play games instead of everything else being stopped. As sign that phone is increasingly becoming a convergence device and not simply a smart phone with additional features. <br />
<br />
</div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-19659862.post-54715795927323594782014-11-18T21:35:00.001-08:002014-11-18T21:35:44.590-08:00To Train or Not to Train (Your Employees)<div dir="ltr" style="text-align: left;" trbidi="on">
Interesting debate. ha ha...<br />
<br />
<img height="277" src="https://ci6.googleusercontent.com/proxy/AHEvk_RfUHL1dnqtBNAdCmYd6T5tiI-StLFoddLr1pp1JIIhaMCQ8CPAxlepahdvGZ7M3mJd09jnKOYXBgHp8BvO3gBmlgLRVbn56wTTOG0MfQv5lB_vZ8eqeRs1QP0l-CwHlB5pnVjYhrU-VYVn44djwLE0eaD_YwiuuUobADC2xOy1g8gmiaEteF4g3q-uUVkZxdthnfTaG1PQMg-8MWWY2gXZpIxlvlQ1tyDGNIo=s0-d-e1-ft#http://scontent-b.xx.fbcdn.net/hphotos-xpa1/v/t1.0-9/10801704_10204957917129769_7012658699796506071_n.jpg?oh=5733a641cec99a4fef00803129582768&oe=5512613D" width="400" /></div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-19659862.post-59842169788910564472014-11-16T21:51:00.000-08:002014-11-16T21:51:03.862-08:00Internal resistance to new ideas in companies<div dir="ltr" style="text-align: left;" trbidi="on">
Internal resistance to new ideas is a function of number of employees raised to the power of management levels. Quickest way for many organizations thus would be to collapse /simplify their hierarchical reporting structures <br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://image-store.slidesharecdn.com/8c4c175a-bd04-4848-a322-29d3b386ec13-large.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="E424C01C-4113-4E4C-AAE7-8BB144C467FF.jpg" border="0" class="viewer" height="261" id="control_gen_34" src="https://image-store.slidesharecdn.com/8c4c175a-bd04-4848-a322-29d3b386ec13-large.jpeg" width="400" /></a></div>
<div class="separator" style="clear: both; text-align: center;">
Saw this on my linkedin stream. So very true...</div>
</div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-19659862.post-77436701481344315112014-11-15T01:03:00.002-08:002014-12-30T01:55:45.437-08:00OLA Promo Code for India: Get Free Rides in Luxury Cars<div dir="ltr" style="text-align: left;" trbidi="on">
Now get Rs. 400 worth of OLA credits for free rides across town. Use the promo code: G7P3GJ to get Rs 200 off and current scheme gives you 50% off on rides making it free rides of up to Rs 400. <br />
<br />
How to avail download the discount of Rs 400:<br />
<ul>
<li>Download the OLA app from the Google play or iTunes store</li>
<li>Enter promo code G7P3GJ when creating your account </li>
<li>Book you first ride (anytime) to avail the discount in the first ride itself</li>
<li>What are you waiting for, this is applicable in all cities that OLA operates. At the time of writing its available in the following 40 cities </li>
</ul>
<table border="0" cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 233px;">
<colgroup><col style="mso-width-alt: 4278; mso-width-source: userset; width: 88pt;" width="117"></col>
<col style="mso-width-alt: 4242; mso-width-source: userset; width: 87pt;" width="116"></col>
<tbody>
<tr height="20" style="height: 15pt;">
<td class="xl63" height="20" style="background-color: transparent; border: 0.5pt solid windowtext; height: 15pt; width: 88pt;" width="117"><ul>
<li><span style="font-family: Calibri;">Mumbai</span></li>
</ul>
</td><td class="xl63" style="background-color: transparent; border-color: windowtext windowtext windowtext black; border-style: solid solid solid none; border-width: 0.5pt 0.5pt 0.5pt 0px; width: 87pt;" width="116"><ul>
<li><span style="font-family: Calibri;">Kolkata</span></li>
</ul>
</td></tr>
<tr height="20" style="height: 15pt;"><td class="xl63" height="20" style="background-color: transparent; border-color: black windowtext windowtext; border-style: none solid solid; border-width: 0px 0.5pt 0.5pt; height: 15pt;"><ul>
<li><span style="font-family: Calibri;">Delhi</span></li>
</ul>
</td><td class="xl63" style="background-color: transparent; border-color: black windowtext windowtext black; border-style: none solid solid none; border-width: 0px 0.5pt 0.5pt 0px;"><ul>
<li><span style="font-family: Calibri;">Aurangabad</span></li>
</ul>
</td></tr>
<tr height="20" style="height: 15pt;"><td class="xl63" height="20" style="background-color: transparent; border-color: black windowtext windowtext; border-style: none solid solid; border-width: 0px 0.5pt 0.5pt; height: 15pt;"><ul>
<li><span style="font-family: Calibri;">Bangalore</span></li>
</ul>
</td><td class="xl63" style="background-color: transparent; border-color: black windowtext windowtext black; border-style: none solid solid none; border-width: 0px 0.5pt 0.5pt 0px;"><ul>
<li><span style="font-family: Calibri;">Madurai</span></li>
</ul>
</td></tr>
<tr height="20" style="height: 15pt;"><td class="xl63" height="20" style="background-color: transparent; border-color: black windowtext windowtext; border-style: none solid solid; border-width: 0px 0.5pt 0.5pt; height: 15pt;"><ul>
<li><span style="font-family: Calibri;">Pune</span></li>
</ul>
</td><td class="xl63" style="background-color: transparent; border-color: black windowtext windowtext black; border-style: none solid solid none; border-width: 0px 0.5pt 0.5pt 0px;"><ul>
<li><span style="font-family: Calibri;">Tiruchirappally</span></li>
</ul>
</td></tr>
<tr height="20" style="height: 15pt;"><td class="xl63" height="20" style="background-color: transparent; border-color: black windowtext windowtext; border-style: none solid solid; border-width: 0px 0.5pt 0.5pt; height: 15pt;"><ul>
<li><span style="font-family: Calibri;">Chennai</span></li>
</ul>
</td><td class="xl63" style="background-color: transparent; border-color: black windowtext windowtext black; border-style: none solid solid none; border-width: 0px 0.5pt 0.5pt 0px;"><ul>
<li><span style="font-family: Calibri;">Rajkot</span></li>
</ul>
</td></tr>
<tr height="20" style="height: 15pt;"><td class="xl63" height="20" style="background-color: transparent; border-color: black windowtext windowtext; border-style: none solid solid; border-width: 0px 0.5pt 0.5pt; height: 15pt;"><ul>
<li><span style="font-family: Calibri;">Goa</span></li>
</ul>
</td><td class="xl63" style="background-color: transparent; border-color: black windowtext windowtext black; border-style: none solid solid none; border-width: 0px 0.5pt 0.5pt 0px;"><ul>
<li><span style="font-family: Calibri;">Jalandhar</span></li>
</ul>
</td></tr>
<tr height="20" style="height: 15pt;"><td class="xl63" height="20" style="background-color: transparent; border-color: black windowtext windowtext; border-style: none solid solid; border-width: 0px 0.5pt 0.5pt; height: 15pt;"><ul>
<li><span style="font-family: Calibri;">Jaipur</span></li>
</ul>
</td><td class="xl63" style="background-color: transparent; border-color: black windowtext windowtext black; border-style: none solid solid none; border-width: 0px 0.5pt 0.5pt 0px;"><ul>
<li><span style="font-family: Calibri;">Mysore</span></li>
</ul>
</td></tr>
<tr height="20" style="height: 15pt;"><td class="xl63" height="20" style="background-color: transparent; border-color: black windowtext windowtext; border-style: none solid solid; border-width: 0px 0.5pt 0.5pt; height: 15pt;"><ul>
<li><span style="font-family: Calibri;">Hyderabad</span></li>
</ul>
</td><td class="xl63" style="background-color: transparent; border-color: black windowtext windowtext black; border-style: none solid solid none; border-width: 0px 0.5pt 0.5pt 0px;"><ul>
<li><span style="font-family: Calibri;">Udaipur</span></li>
</ul>
</td></tr>
<tr height="20" style="height: 15pt;"><td class="xl63" height="20" style="background-color: transparent; border-color: black windowtext windowtext; border-style: none solid solid; border-width: 0px 0.5pt 0.5pt; height: 15pt;"><ul>
<li><span style="font-family: Calibri;">Chandigarh</span></li>
</ul>
</td><td class="xl63" style="background-color: transparent; border-color: black windowtext windowtext black; border-style: none solid solid none; border-width: 0px 0.5pt 0.5pt 0px;"><ul>
<li><span style="font-family: Calibri;">Salem</span></li>
</ul>
</td></tr>
<tr height="20" style="height: 15pt;"><td class="xl63" height="20" style="background-color: transparent; border-color: black windowtext windowtext; border-style: none solid solid; border-width: 0px 0.5pt 0.5pt; height: 15pt;"><ul>
<li><span style="font-family: Calibri;">Ahmedabad</span></li>
</ul>
</td><td class="xl63" style="background-color: transparent; border-color: black windowtext windowtext black; border-style: none solid solid none; border-width: 0px 0.5pt 0.5pt 0px;"><ul>
<li><span style="font-family: Calibri;">Mangalore</span></li>
</ul>
</td></tr>
<tr height="20" style="height: 15pt;"><td class="xl63" height="20" style="background-color: transparent; border-color: black windowtext windowtext; border-style: none solid solid; border-width: 0px 0.5pt 0.5pt; height: 15pt;"><ul>
<li><span style="font-family: Calibri;">Surat</span></li>
</ul>
</td><td class="xl63" style="background-color: transparent; border-color: black windowtext windowtext black; border-style: none solid solid none; border-width: 0px 0.5pt 0.5pt 0px;"><ul>
<li><span style="font-family: Calibri;">Tirunelveli</span></li>
</ul>
</td></tr>
<tr height="20" style="height: 15pt;"><td class="xl63" height="20" style="background-color: transparent; border-color: black windowtext windowtext; border-style: none solid solid; border-width: 0px 0.5pt 0.5pt; height: 15pt;"><ul>
<li><span style="font-family: Calibri;">Indore</span></li>
</ul>
</td><td class="xl63" style="background-color: transparent; border-color: black windowtext windowtext black; border-style: none solid solid none; border-width: 0px 0.5pt 0.5pt 0px;"><ul>
<li><span style="font-family: Calibri;">Bhubaneswar</span></li>
</ul>
</td></tr>
<tr height="20" style="height: 15pt;"><td class="xl63" height="20" style="background-color: transparent; border-color: black windowtext windowtext; border-style: none solid solid; border-width: 0px 0.5pt 0.5pt; height: 15pt;"><ul>
<li><span style="font-family: Calibri;">Lucknow</span></li>
</ul>
</td><td class="xl63" style="background-color: transparent; border-color: black windowtext windowtext black; border-style: none solid solid none; border-width: 0px 0.5pt 0.5pt 0px;"><ul>
<li><span style="font-family: Calibri;">Guwahati</span></li>
</ul>
</td></tr>
<tr height="20" style="height: 15pt;"><td class="xl63" height="20" style="background-color: transparent; border-color: black windowtext windowtext; border-style: none solid solid; border-width: 0px 0.5pt 0.5pt; height: 15pt;"><ul>
<li><span style="font-family: Calibri;">Amritsar</span></li>
</ul>
</td><td class="xl63" style="background-color: transparent; border-color: black windowtext windowtext black; border-style: none solid solid none; border-width: 0px 0.5pt 0.5pt 0px;"><ul>
<li><span style="font-family: Calibri;">Patna</span></li>
</ul>
</td></tr>
<tr height="20" style="height: 15pt;"><td class="xl63" height="20" style="background-color: transparent; border-color: black windowtext windowtext; border-style: none solid solid; border-width: 0px 0.5pt 0.5pt; height: 15pt;"><ul>
<li><span style="font-family: Calibri;">Ludhiana</span></li>
</ul>
</td><td class="xl63" style="background-color: transparent; border-color: black windowtext windowtext black; border-style: none solid solid none; border-width: 0px 0.5pt 0.5pt 0px;"><ul>
<li><span style="font-family: Calibri;">Ranchi</span></li>
</ul>
</td></tr>
<tr height="20" style="height: 15pt;"><td class="xl63" height="20" style="background-color: transparent; border-color: black windowtext windowtext; border-style: none solid solid; border-width: 0px 0.5pt 0.5pt; height: 15pt;"><ul>
<li><span style="font-family: Calibri;">Visakhapatnam</span></li>
</ul>
</td><td class="xl63" style="background-color: transparent; border-color: black windowtext windowtext black; border-style: none solid solid none; border-width: 0px 0.5pt 0.5pt 0px;"><ul>
<li><span style="font-family: Calibri;">Ujjain</span></li>
</ul>
</td></tr>
<tr height="20" style="height: 15pt;"><td class="xl63" height="20" style="background-color: transparent; border-color: black windowtext windowtext; border-style: none solid solid; border-width: 0px 0.5pt 0.5pt; height: 15pt;"><ul>
<li><span style="font-family: Calibri;">Coimbatore</span></li>
</ul>
</td><td class="xl63" style="background-color: transparent; border-color: black windowtext windowtext black; border-style: none solid solid none; border-width: 0px 0.5pt 0.5pt 0px;"><ul>
<li><span style="font-family: Calibri;">Ajmer</span></li>
</ul>
</td></tr>
<tr height="20" style="height: 15pt;"><td class="xl63" height="20" style="background-color: transparent; border-color: black windowtext windowtext; border-style: none solid solid; border-width: 0px 0.5pt 0.5pt; height: 15pt;"><ul>
<li><span style="font-family: Calibri;">Nagpur</span></li>
</ul>
</td><td class="xl63" style="background-color: transparent; border-color: black windowtext windowtext black; border-style: none solid solid none; border-width: 0px 0.5pt 0.5pt 0px;"><ul>
<li><span style="font-family: Calibri;">Jamnagar</span></li>
</ul>
</td></tr>
<tr height="20" style="height: 15pt;"><td class="xl63" height="20" style="background-color: transparent; border-color: black windowtext windowtext; border-style: none solid solid; border-width: 0px 0.5pt 0.5pt; height: 15pt;"><ul>
<li><span style="font-family: Calibri;">Nashik</span></li>
</ul>
</td><td class="xl63" style="background-color: transparent; border-color: black windowtext windowtext black; border-style: none solid solid none; border-width: 0px 0.5pt 0.5pt 0px;"><ul>
<li><span style="font-family: Calibri;">Gwalior</span></li>
</ul>
</td></tr>
<tr height="20" style="height: 15pt;"><td class="xl63" height="20" style="background-color: transparent; border-color: black windowtext windowtext; border-style: none solid solid; border-width: 0px 0.5pt 0.5pt; height: 15pt;"><ul>
<li><span style="font-family: Calibri;">Vadodara</span></li>
</ul>
</td><td class="xl63" style="background-color: transparent; border-color: black windowtext windowtext black; border-style: none solid solid none; border-width: 0px 0.5pt 0.5pt 0px;"><ul>
<li><span style="font-family: Calibri;">Jodhpur</span></li>
</ul>
</td>
</tr>
</tbody></colgroup></table>
<br />
<br />
what are you waiting for download the OLA app now and enter promo code G7P3GJ when creating your account (don't forget this step)</div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-19659862.post-47574346538182533402014-10-06T02:24:00.001-07:002014-11-11T02:06:47.075-08:00NIIT Limited appoints Rahul Patwardhan as CEO Designate<div dir="ltr" style="text-align: left;" trbidi="on">
NIIT, today, announced the appointment of Rahul Patwardhan as its next CEO. Rahul would take over from Vijay Thadani as CEO from April 1, 2015. <br />
<br />
Rahul Patwardhan has earlier worked with NIIT for close to 20 years, and headed the software business for NIIT Technologies in Europe and APAC in his last assignment in 2004 when he left NIIT to head Logica's India Offshore unit as CEO. At Logica he became the MD of Global App Services leading a revenue line of over $1.5 billion. <br />
<br />
This appointment is part of succession planning for the founders of NIIT. Vijay Thadani would be elevated to the role of Vice Chairman and Managing Director. P Rajendran, who was the Chief Operating officer of NIIT would become the joint Managing Director. <br />
<br />
His global experience would help NIIT which has been seeing rapid growth in its Managed Training Services business (Training Outsourcing) where it is among the leading companies in the world. <br />
<br />
<br />
<br />
<br />
<br />
</div>
Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-19659862.post-47209595295392301792014-05-25T12:05:00.001-07:002015-11-20T06:27:54.837-08:00UBER Vs OLA Luxury Cars - Get Free Rides <div dir="ltr" style="text-align: left;" trbidi="on">
Luxury cab rides market in India is heating up and its driven by mobile app companies. Hard to image just sample these <br />
<br />
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; margin-left: 1em; text-align: right;"><tbody>
<tr><td style="text-align: center;"><a href="https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcSieNWbNrljsLVyBEbBvfL_g8y5Hj7ZHmi2f7ERApjKjfZ_pG0m5Q" imageanchor="1" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" class="rg_i" data-src="https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcSieNWbNrljsLVyBEbBvfL_g8y5Hj7ZHmi2f7ERApjKjfZ_pG0m5Q" data-sz="f" height="133" name="1NCA41cagZ2DtM:" src="https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcSieNWbNrljsLVyBEbBvfL_g8y5Hj7ZHmi2f7ERApjKjfZ_pG0m5Q" style="height: 180px; margin-top: 0px; width: 270px;" width="200" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">UBER in Mumbai</td></tr>
</tbody></table>
After lauch of UBER in five india cities, Ola Cabs has also upped its game. The well funded India start up has now tied up with luxury cab companies in India to offer its services across multiple cities. Ola is already present in 8 cities and would be adding other cites soon including Chandigarh. <br />
<br />
<br />
<br />
<br />
<br />
<br />
<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: left; margin-right: 1em; text-align: left;"><tbody>
<tr><td style="text-align: center;"><a href="https://encrypted-tbn1.gstatic.com/images?q=tbn:ANd9GcQMLK4i7oE1Y55QqCN6a50SbXCNliCEq-K20cjWlK-PGmO73C0B" imageanchor="1" style="clear: left; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" class="rg_i" data-src="https://encrypted-tbn1.gstatic.com/images?q=tbn:ANd9GcQMLK4i7oE1Y55QqCN6a50SbXCNliCEq-K20cjWlK-PGmO73C0B" data-sz="f" name="ALld1M2A4VdwuM:" src="https://encrypted-tbn1.gstatic.com/images?q=tbn:ANd9GcQMLK4i7oE1Y55QqCN6a50SbXCNliCEq-K20cjWlK-PGmO73C0B" style="height: 167px; margin-top: 0px; width: 226px;" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Ola's Response</td></tr>
</tbody></table>
<img src="http://www.olacabs.com/static/img/slide/banners/ola_prime.jpg" height="236" style="border-width: 0px; display: inline; margin-left: 0px; margin-top: 0.5px;" width="320" /><br />
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Good news for riders in India though. We have cover a long way from our favourite kaali peeli taxis. <br />
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Anyways, if you want a free rides on UBER, signup using the following link <a href="https://get.uber.com/invite/uberequt">https://get.uber.com/invite/uberequt</a>. You get Rs 300 as you UBER Credit. Use additional promo codes after this to get additional discounts. If Ola is more your thing use the following code while signing up to get Rs 300 in OLA money: <strong>G7P3GJ</strong><br />
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<strong>Happy Riding!</strong><br />
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