Eye on foreign investment, Sibal approves options in M&A, PE deals
Allowing put and call options in share purchase agreements will encourage a number of investment deals by foreign firms in India at a time when the government is keen on attracting overseas money to narrow the fiscal deficit.I observe that reforms are being done in the name of bridging fiscal deficit through attracting FII. Good actions! but then What if unfavourable changes are also passed in the name of attracting FII?
Further FII to me is not the permanent cure for our trade deficit. Govt. needs to reduce unnecessary spending, some government organizations are known to pay employees for just being on the roster due to lack of accountability.
People talk about such organizations saying "Life set hain wahan job lage toh" but Is this a compliment for the organization? and Is it an ideal worth achieving (getting paid for signing attendance)?
As the New Zealand department of tourism puts it :P
Source: http://www.livemint.com/Politics/xNFhxDuFymCtTFPLrUvuXI/Eye-on-foreign-investment-Sibal-approves-options-in-MA-PE.html
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