Amongst the myriad risks associated with investing in India,one more risk is added to the list-Mr.Arvind Kejriwal
From a news article in ET:
Aam Aadmi Party convener Arvind Kejriwal pledges to take on the e-commerce players, lending his weight behind brick and mortar business fraternity, calling it an ” online scam“, which benefitted only a select few, while not only depriving the state of a precious revenue, but also putting the latter at a disadvantaged position.
He was addressing a group of traders in the Nehru Place complex. Speaking to ET, Kejriwal said, “Investigation is the only alternative left with us .
Selling an item which costs Rs 20 for Rs 18 is no business logic.”
5 replies on “A new risk in investing in India”
I think the bigger risk is media. ET, in my view, is heavily anti AAP and has been caught misreporting on various occasions.
Note this has not been reported anywhere else. Painting Arvind as a commie helps them promote BJP, which is a heavy advertiser on BCL publications.
But Arvind is a commie isn’t he..
Certainly not! But right wingers find it convenient to paint him so. I know him as my college senior and he is a baniya in blood and thoughts.
Just as an example, the English Media never reported that VAT collections during his period was the highest and there were ZERO raids.
He and his colleagues are certainly leftist if not full blooded commies.If you recollect,he had asked that the Delhi Govt take over the running and operations of the Tata/Reliance Power Companies (see http://www.socialism.in/index.php/aftermath-of-the-delhi-elections/)
I think Prashant Bhushan is a leftist. But at times I feel we are tempted to make a quick brush than take a nuanced approach. For instance, I am unable to reconcile what Modi said (among many things) that he wanted Minimum Government, Maximum Governance. But his actions are to the contrary like unwilling to dilute stakes in PSBs which are in dire need of capital to support India’s growth; unwilling to privatise railways; unwilling to pass on crude price fall to consumers by hiking excise and so forth. Now is he more left than before?! I don’t know.
But thanks for your thoughts!