+
When the biggies stumble…
ECONOMY & POLICY

When the biggies stumble…

The World Bank’s decision to discontinue the ‘Ease of Doing Business’ report has brought to the fore questions regarding the authority of the entity – and others like it- to analyse such criterion in the first place.

This doesn’t just apply to the World Bank.

In India, a close parallel would be the authority given by the government to the Project Monitoring Group (PMG), formed to lend support to projects with investment above Rs 1000 crore. This move was commended by industry bodies in the country – Confederation of Indian Industries (CII), FICCI, NITI Aayog/Department of Industrial Policy (DIPP) and Promotion, despite the backdrop of political unrest. As you will go on to read, in a letter to the Prime Minister, FICCI had, quite literally, waxed eloquent about the entity.

Domestic parallel

The PMG was viewed by many as being analogous to the ease-of-doing-business model. And with good reason. In a little over a year, the entity had fast-tracked projects worth more than Rs 5 lakh crore. It was also proactive in lending support to smaller businesses.

However, the question here is not about the merit or demerit of any institution, big or small. It confronts the hype – and unquestioning support - associated with them. Anil Swarup takes a hard look – and forces us to do the same - at what can be best called a parody of the word “democracy”. It is not as though there is a deficit of platforms or podiums where issues like this should be raised and addressed. It’s just that the average man– the only person who can really rate the ease of doing business in his hometown and country – is afraid to speak up.

Read on to know more…

The World Bank’s decision to discontinue the ‘Ease of Doing Business’ report has brought to the fore questions regarding the authority of the entity – and others like it- to analyse such criterion in the first place. This doesn’t just apply to the World Bank. In India, a close parallel would be the authority given by the government to the Project Monitoring Group (PMG), formed to lend support to projects with investment above Rs 1000 crore. This move was commended by industry bodies in the country – Confederation of Indian Industries (CII), FICCI, NITI Aayog/Department of Industrial Policy (DIPP) and Promotion, despite the backdrop of political unrest. As you will go on to read, in a letter to the Prime Minister, FICCI had, quite literally, waxed eloquent about the entity. Domestic parallel The PMG was viewed by many as being analogous to the ease-of-doing-business model. And with good reason. In a little over a year, the entity had fast-tracked projects worth more than Rs 5 lakh crore. It was also proactive in lending support to smaller businesses. However, the question here is not about the merit or demerit of any institution, big or small. It confronts the hype – and unquestioning support - associated with them. Anil Swarup takes a hard look – and forces us to do the same - at what can be best called a parody of the word “democracy”. It is not as though there is a deficit of platforms or podiums where issues like this should be raised and addressed. It’s just that the average man– the only person who can really rate the ease of doing business in his hometown and country – is afraid to speak up. Read on to know more…

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?