'Our strategy is based on market leadership'
Jim Quigley, CEO of Deloitte Touche Tohmatsu, one of the global Big Four accounting firms, spoke to BT's Suman Layak during his recent India sojourn. Edited Excerpts: A chronology of events in mobile number portability roll-out. Building a car for Rs 1 lakh, or even about, is much harder than it is romantic. For, everything about the car must be worked backwards from the self-set price target. India's economic resurgence, it is said, is driven by domestic consumption. Look at the fast-moving consumer goods (FMCG) industry, which has more than trebled in the last decade to Rs 1,300 billion, according to a study by the CII. The relative underpenetration of FMCG products, though, shows that the Indian consumption story is still in its early stages.India Inc gears up for heavy-duty brand promotions.Do emerging economies like India need capital controls to check inflows and prevent asset bubbles?
The majority feels that there is need for capital controls to regulate inflows. Some economists feel that the monetary easing in the United States could cause "imported" inflation in developing countries like India. Already, Brazil and Taiwan have imposed controls.I wish the government would... stop this sort of Banana Republic kind of attack on whoever one chooses to attack on a basis unsubstantiated. Ratan Tata, Chairman, Tata Group, on the 2G spectrum scam, in The Indian ExpressThis issue we review Samsung's answer camera to the iPad and the new Apple notebookAirfares have dropped after soaring in November but will continue to be volatile a while.Find out the meaning of a new business word: Tweetup
What it means: Tweetup is an organised or impromptu 'meeting' between people who are on Twitter. Cash in on Limited LiabilityIt was one of the important policy initiatives of the United Progressive Alliance government in its first term, particularly for small and medium enterprises or SMEs.Systemic corruption in India can be fixed by making public servants accountable, argues Nagarajan Vittal.Rs 2,200 cr The estimated value of online shopping for consumer goods like electronics and chocolates during Diwali, according to Assocham
Scrabbling away from the abyss
Nitish Kumar's victory in last month's Bihar election celebrates the triumph of economics over feudalism, but the climb out of poverty will be steep and hard.This is about the first family of the DMK, the ruling party in Tamil Nadu, which grabbed eyeballs because of the alleged involvement of one of its ministers in the Union Govt in the 2G scam.The fastest expanding business in the Indian accounting fraternity revolves around fraud. Fraud is ballooning so fast in corporate India that audit firms cannot keep pace.
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