Merry Christmas and Prosperous Happy New Year Ahead...

Very happy merry christmas and prosperous happy new year to one and all.As we are planning to welcome a new decade can not stop me to wright about last dacade. If i think about importance of last dacade for India,can n't ignore a dacade of new opening doors for developing immature libaral economic democaracy,both with achievements and challenges.
it can't be ignored that modern Indian economy which was changed its nature in 90s from License Raj to more western liberal economy with limited roles of government, has stand with challenges of effectiveness of social responsibility of large corporations and government.
Marx has honestly and firmly said that economic nature and activities of human nature govern social and political life of the state, and thus if such nature is more individualist it would difficualt to have communist state with more social responsibility of each of the member of society.
I hope new dacade shall come with exception of Marx theory for wellbeing of public at large.
Again wishing a merry christmas and happy new year....

LCIA India Arbitration Rules

Following the establishment of LCIA India (The London Court of International Arbitration) as a centre for arbitration a year ago, on 17 April 2010, the much anticipated LCIA India Rules (the "Rules") were launched and published on LCIA India's website http://www.lcia-india.org. Establishment of LCIA would at one hand definetly provide a new approach to Indian arbitration mechanism, though at another hand rules laid down by LCIA are going to make a very critical picture in presence of Indian Arbitration Act, 1996.

SEBI's 'Capital Norms' Reform Formula

US mortgage crisis and European debt crisis has undoubtedly raised the question on creditability of existing financial market structure, and India is not an exception. 90s era in Indian economy invited LPG (Liberalization, Privatization and Globalization) policy was a positive step towards open capital and securities market era. Though fair regulation is an essence of Indian law and therefore SEBI was established as an instrument to control and regulate capital and securities market in India.
For last few years, SEBI has aggressively reformed regulations and guidelines which was formed in 1992, and new committee report on 'reform of capital norms' is just an another chapter of SEBI's reform policy. Though impact of reform of such capital norms can be an effective steps towards consistent capital market.
SEBI recommendation committee examine such capital norms on the basis of 'loss bearing capabilities' and 'enhance transparency' of Asset Management Companies, mutual funds, credit rating agencies, merchant bankers and brokers.
while micro evaluation of such recommendation, in words of Mehta of Asit C Mehta ' the report not only addresses the capital but has attempted to take a comprehensive account of capital, eligibility of people and infrastructure of those intermediaries'.

See the Link Below:
"http://epaper.livemint.com/ArticleImage.aspx?article=14_05_2010_001_021&mode=1" and "http://epaper.livemint.com/ArticleImage.aspx?article=14_05_2010_024_002&mode=1"