A commodity futures exchange goes bust. Investors lose millions. The Prime Minister intervenes to expedite investigation.
I broke this story about a government panel recommending hiking foreign investment caps across a large number of sectors and opening up the telecom sector completely to FDI. This was a game changing move for a government facing a currency crisis and desperate to attract long term foreign capital to finance its ballooning current account deficit.
In a move that will bring greater clarity to M&A transactions in India, the government redefined ‘control’ to align the M&A norms with the Companies Laws.
Struggling with a weak currency and desperate to attract foreign capital to stabilize it, the Indian government eased norms for Qualified Foreign Investors.
In a game changing move for the pension sector, the Indian government approved the proposal to change foreign direct investment limit for the sector.
A landmark decision from the Government of India defining new investment policy for urea plants, for the first time guaranteeing return on investment for urea plant owners.
I broke this story about the measures the Indian government was looking to undertake to contain and finance its current account deficit, a week before those measures were announced. A rout in the currency markets, a burgeoning current account deficit and dwindling foreign exchange reserves had forced the government to enact drastic measures.