ULCA is Gone but Property Prices are Still High

The Urban Land (Ceiling and Regulation) Act 1976, commonly known as the Urban Land Ceiling Act (ULCA), has been a big issue for years. This relic of our "socialistic" past froze large areas of land in legal disputes, leaving them unavailable for development or redevelopment. "Of course this only resulted in contributing to an already acute shortage of land in the state, especially in Mumbai,...

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The Many Facets of IndiaOne

Is the one BSNL’s Rs 1 call offer a pure gimmick?

Telephone users in India are getting used to being showered with goodies. Thanks to competition, operators are being forced to announce some incentive or the other all the time in order to not only gain new customers, but also to retain the existing ones. Communications minister Dayanidhi Maran too has sought to gain brownie points by pushing...

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Wyeth Swallows Bitter Pill

Its decision to sell Prevanar through the Indian listed company is a victory for minority shareholders

Minority shareholders of the multinational Wyeth Laboratories scored a rare victory when they forced the company to back down from its proposal to market Prevenar (a pneumococcal conjugate vaccine of the parent company) through a newly set up, wholly-owned, Indian subsidiary. Prevenar is...

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