Since 1991, when India kickstarted reforms, its parameters for judging progress have been narrow. Growth rate, investment, expenditure and deficits are the terms frequently used in discussions on ‘development’.
But an economy is more than just that. It has as its constituents issues that are serious, but ignored. Read More>>
MSLGROUP recently held its 3rd Asian Finance Summit which took place on April 18 and 19 in Asia’ s World city – Hong Kong. MSLGROUP Asia puts financial and strategic communications at the heart of its development model and has decided to turn Hong Kong into the Asia hub for Financial Communications starting in the last quarter of 2012.
Par Uhlin, Managing Director of MSL China, who has added Hong Kong to his portfolio of markets, has already started to strengthen business relationships between the MSL HK financial communications department (led by Antoine Denry) and the two other financial communications practices in Mainland China, Shanghai led by Linda Du, and Beijing led by James Hawksworth. Read More>>
By Ashraf Engineer, Head-Content Hanmer MSL
Why is Procter & Gamble moving its beauty and grooming business to Asia? “Because Asia has been the most exciting market so far, and has grown to offer the most opportunities.” pointed out Glenn Osaki, MSGLROUP Asia president, to an auditorium full of students at the Jamnalal Bajaj Institute of Management Studies in Mumbai on August 23.
Around 120 students, some of which willingly stood up throughout the full hour due to a packed auditorium, hung on to Osaki’s words as he detailed why Asia is now “the right place to be”. Read More>>
Rising rural prosperity in the last few years has had a positive impact on India’s fast-moving consumer goods (FMCG) market. A host of government-run programmes, coupled with higher prices for agricultural produce, have triggered the rural growth that Hindustan Unilever (HUL) and Dabur, among others, have capitalised on. They have expanded their presence significantly in the hinterland, resulting in strong rural demand for their products. Read More>>
As I try to keep pace with the grim economic news from around the world – hardly a day seems to pass without more bad news; the Libor rigging scandal being the latest – Asian economies are starting to feel the global headwinds. Read More>>
The government’s decision to retrospectively tax overseas transactions that lead to a change in the control of assets in India is rapidly turning into a public relations disaster. The announcement in the Union Budget tabled by Finance Minister Pranab Mukherjee imposes a liability of roughly $2.2 billion on Vodafone, which purchased Hutchinson’s stake in its mobile telephony joint venture with Essar in 2007 in a deal executed in the Cayman Islands.
UK Chancellor George Osborne and global trade bodies have questioned the fairness of retrospective amendments. At least seven international trade associations – from the US, the UK, Japan, Canada and Hong Kong – wrote to Prime Minister Manmohan Singh criticising the proposal under which even 50-year-old deals could be scrutinised. Read More>>
Hanmer MSL’s executive report ‘21 Years of Economic reforms: The Journey So Far and the Road Ahead’, released on February 20, had warned that the nature of the budget would hinge on the crucial provincial elections to be held in India this year. The report said that the temptation to use the budget as a tool to attract votes would be large and hinted that, in case of adverse results for the ruling coalition in the first round of elections, a populist budget would become a necessity for its survival. Read More>>
I was 16 years old when Manmohan Singh presented his game-changing budget in 1991. As I go through our latest executive report – ‘21 Years of Economic Reforms: The Journey So Far and The Road Ahead’ – I remember thinking how I could sense the national mood turning.
Twenty-one years later, with a finer understanding of the economy and no longer a teenager, I understand what a historic moment that was. What’s thrilling was that Singh, with then prime minister PV Narasimha Rao’s backing, had turned a moment of national humiliation into one of triumph. Read More>>