http://www.thehindubusinessline.com/2008/10/30/stories/2008103052820100.htm
Apparently, someone in the govt. and the promoters of big realty firms have made lot of money out of this spectrum squatting.
http://indiacorplaw.blogspot.com/2008/10/llp-bill-introduced-in-parliament.html
Amidst all the stock market paranoia, this one was missed. LLP Bill was passed in the Rajya Sabha as well. Once it is passed in both houses - CA,s CS, and other professionals can form a partnership company (sounds odd) with their liability limited to the extent they contribute as capital. Their personal funds will not be liable, as was the case partnerships erstwhile. To what extent this will give a face lift to the professional class remains to be seen.
At the very least, commerce students will soon have one more act to study, in addition to the Companies Act, 1956 and Indian Partnership Act, 1932. There is a comprehensive revamp of Companies Act in progress and tabled in Lok Sabha as well. But that has been in progress since my B.Com days 
This post is in honor of my friend and colleague S~ herein after referred to as CCW.
What’s so smart about him? Can you get a loan of Rs. two lakhs at a net interest rate of 9-10% per annum without security, without blank cheques, without any records against your name? And without any due dates to pay?
He still stays within the legal ambit. He does not commit any fraud for sure, I can vouch for that.
He has managed so far with nothing but just credit cards. Please bear in mind that ordinary users in India end up paying as much as 37% for credit cards debts. Also bear in mind that its difficult to get home loans at 9% now in India.
He would like to publish the way it works, but only after he is done with all his commitments 
lest the banks and card companies change the rules of the game 
He is a pucca hacker in positive sense even otherwise. He is junior to me by five years. I wish I had his current maturity and intelligence now, or at least five years into the future. Very smart character.
I was browsing through India’s best known online marketplace for tanjore paintings. I felt the amount quoted was too high. I maybe wrong though. I remember my MD in my first company talking to tanjore painting suppliers for Rs.1500 back in 2001-2.
But there are not many options and sellers to check out in the site anyway. A monopoly is always good for the business but bad for the consumer.
The ancient Indian arts and crafts makers should be taught how to use internet to better their own businesses. Why do we wait for the Ambanis and the Sam Waltons to bridge the gap between the consumers and the farmer / artist/ craftsman? And yet crib that they are killing the small traders?
What have the small traders done to learn to leverage this medium. Why the internet still perceived to be only for the IT pro?
The internet is nothing if not a great leveler. Fundamental yet low cost initiatives like these will be far more potent than writing cheques to NGOs who claim to protect our heritage, culture, idly, vadai, sambhar etc from foreign invaders. The language is not as great a barrier as it was two years ago. The millions of thamizh blogs stand testimony to that fact more than anything else.
Its not so okay to crib about inadequate internet infrastructure and sit on our bum, we do not have road infrastructure either but still we do make use of whatever pathetic infrastructure we have and travel, right?
All said and done, the days of regional language/local internet marketplaces and portals is not far off. This is my hunch.
We might as well have a social networking site where Muniyaandi and Palaniswamy, both small retailers, scrap each other through through their mobile phones about daily vegetable sales, Poppy seed (kasa kasa) being more expensive than cashew nut (its a fact btw), bad weather spoiling the tomatoes in koyambedu market etc. Why not??
http://www.scholarshipsinindia.com/agriculture.html
The above URL gives the supposedly complete list of Agricultural colleges/universities in India. It’s less than hundred as one can see.
This is the maximum possible educated manpower that is provided to a sector that feeds approximately 50% of this country’s population. I say maximum possible because, of these, a substantial number of these students might probably end up doing Phd, some would enter the civil services, some might take up jobs with titles like Agri-marketing where slowly the Agri- part would vanish and the guy will be selling soaps by Hindustan Unilever in rural areas. And i am not even talking about sectors like software. I know at least one Agri graduate who is into software.
In contrast, Tamil Nadu alone has above two hundred engineering colleges.
I get the point that there are so many engineering colleges because of the demand from the Industry. But what have we done to stoke productivity in Agriculture? Loan waivers are actually detrimental to the development of the sector in the long run. I think the government should build an ecosystem where know how, access to capital and entrepreneurship can flourish. We need someone with an eye on economics rather than elections.
I am just thinking out loud here,
What if the govt announced tax holidays for special purpose vehicles instituted for people willing to enter farming with a corporate setup, and they can join hands with some sort of a VC willing to invest capital. The farmers can give the land on lease (not outright sell) to the SPV for compensation which includes a fixed as well as variable component (share on profits). Schemes such as these obviates the need for loan dispensing and then waiving it off. The farmer does not lose his shirt even if the venture fails. He is basically entering into a lease deal with some experts.
If there can be so many players in sectors as chronically bleak as civil aviation, I don’t see why this can’t work out.