Dec 28, 2015 - Merger and acquisition deals decline 40 per cent but uptick in the offing

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Sree Vijaykumar From the Editor's Desk The centre has unintentionally given Mr Kejriwal what he was looking for, a reason to fight. The CBI raid on his office has now turned into an embarassment for the BJP, with Jaitley put on the defensive and having to fight for his reputation. Both the DDCA (Delhi District Cricket Association) dealings and the accusations on Kejriwal's principal secretary Rajendra Kumar deal with competitive tendering processes not being followed (i.e. they allegedly offered contracts to vendors without the full procedure of looking for the cheapest provider, implying insider dealings). Whether corruption occurred or not is something time will tell. Bureaucrats will tell you unofficially that it is not always possible to follow the government tendering process, for various reasons, including the fact that it is an extremely slow process. Besides that, the competitive tendering process has several other flaws, including lack of communication driven by competitive fears, underquoting to win contracts followed by price increase requests later, safety shortcuts, etc. So, what's the best way for the government to procure? In the sourcing of complex products or services, the government can remove 'cheapest' as being the only criterion and look for the best vendor based on other factors, including capability to upgrade and support for longer term objectives. Transparency is still key, so the process itself needs to be open and well understood by all parties involved. Easier said than done, but the government is already making exceptions - so not impossible, for example, the bullet train project which was offered to Japan without a tender process - Comment Merger and acquisition deals decline 40 per cent but uptick in the offing Corporate India’s boardrooms seem to have turned little quieter this year on deal-making with the value of mergers and acquisitions (M&A) dipping to $20 billion but experts foresee a bounce back Advt:Affordable Housing Schemes in Dubai with Post hand over payment plans Affordable Housing Schemes in Dubai with Post hand over payment plans What are the gains from lower oil prices? It is unlikely that the benefits from the drop in crude prices will provide the same boost to growth in 2016 India did well in year of global economic turmoil: Finance Minister Arun Jaitley Looking back at 2015, Jaitley said India has been the bright spot with growth prospects of 7-7.5 per cent despite global slowdown and adversities. Private equity investments seen at record $20 billion in 2015 The shortfall in M&A activity this year was made up by a significant increase in PE deals on booming investments in the e-commerce segment. India a 'festival driven economy': PM Modi Modi said the programme will be designed to suit Indian conditions and focus would be on ensuring benefits for the youth from the lowest strata of the society. Paytm looks to add about $500 million in eWallets in 2016 in an attempt to compete with credit cards Paytm expects customers to add about $500 million in their wallets in 2016, a tenfold increase over this year, its founder Vijay Shekhar Sharma said. India must open up its economy on a continuous basis: Amitabh Kant I (as DIPP secretary) have faced many a challenge in making India an easier place to do business in. Let's accept it: India is a highly complex place to do business. 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