Vijay Sardana Online

Open letter to Prime Minister on "Make in India" and Challenges for Honest Manufacturers Dear Sh. Modi ji, Hon’ble Pradhan Sewak of India I heard your appeal for “ maan ki baat ” to share ideas with you. Let me draw attention to you on something very basic and fundamental issue, because I never heard you talking about food safety and adulteration in India. I know it will put India in bad light, but we can't ignore the facts on ground as well. You attention can change the situation, that is why I am raising this difficult issue. It was shameful experience when some foreigners asked me in a conference, what are you doing as country under 'Make in India' to check adulterated and unsafe products for your own citizens. ·        Why you are not willing to offer safe food to your own people, why only exports are of interest to you? ·      Will "Make in India" ensure food safety and healthy food for your own people, before feeding the wor

How Proposed Consumer Protection Bill, 2015 will change many Business Practices? The Consumer Protection Bill, 2015, was introduced in Lok Sabha on August 10, 2015 by the Minister of Consumer Affairs, Food and Public Distribution, Mr. Ram Vilas Paswan. The Bill replaces the Consumer Protection Act, 1986. The Statement of Objects and Reasons of the Bill states that this is to widen the ambit and modernize the law on consumer protection due to the changes in the markets. Highlights of the Bill ·         The Bill replaces the Consumer Protection Act, 1986. ·         The Bill enforces consumer rights, and provides a mechanism for redressal of complaints regarding defect in goods and deficiency in services. ·         Consumer Dispute Redressal Commissions will be set up at the district, state and national levels for adjudicating consumer complaints. ·         The Bill establishes a Consumer Protection Authority to investigate into consumer complaints, issue safety notic

How to address Pulses Crisis in India? “Pulses Diplomacy and Pulses Management” Action Plan for Policy Makers By Vijay Sardana Domestic demand is out pacing the domestic supply base. Demand is about 28 million tons and supply is about 18 million tons. Few economist assume due to poverty people can't afford pulses so the actual demand is about 23 to 24 million tons. I feel poverty should not be an excuse for  justifying  demand and supply gap. poor needs better nutrition because of unhygienic and difficult living conditions.  There are few pulses which are very popular and few are less popular because of recipes and traditional uses. There are many other field crops which are used as pulse and also in may other applications. We should keep these in mind when we are planning for pulses.  There are many reasons for inflation and demand -supply gap in pulse. This can be discussed in detail separately. These issues should be address keeping 3 to 5 years’ time horizon

How to identify potential wilful defaulters in advance?  Please see the list below. Read the names very carefully. Are you investing in their shares?  If yes, read their balance sheets carefully, read consolidated balance sheet include all group companies, and read the following columns: 1. Networth 2. Reserves 3. Debt  4. Book value 5. Interest cost 6. Operating Profit 7. Average Operating Margin in the industry 8. Operating profit 9. Net Profit 10. Promoters share (declining or going up and how much is pledged) These all are available on website of stock exchanges.  Now how to identify, who will be the wilful  defaulter? Step 1: The most important question is :  What is the quality of governance in these companies? In this case please don't go by official records, check with employees of the companies and their suppliers and associates. Ask the following questions: A .   Who are the key office bearers like Chairman,