Through the Looking Glass

The Financial Express The announcement of this policy statement in the Budget follows the release of the ‘Rupee Raftaar’ report at the Global Aviation Summit in Mumbai in January earlier this year. The Finance Minister, in her maiden budget, laid the foundation of building an important component of the aviation sector: “As the world’s third largest domestic aviation market, the time is ripe for India to enter into aircraft financing and leasing activities from Indian shores. This is critical to the development of a self-reliant aviation industry, creating aspirational jobs in aviation finance, besides leveraging the business opportunities available in India’s financial Special Economic Zones (SEZs), namely, International Financial Services Centre (IFSC). Government will implement the essential elements of the regulatory roadmap for making India a hub for such activities.” The announcement of this policy statement in the Budget follows the release of the ‘Rupee Raftaar’ report at...

The Free Press Journal Friday, July 17, 2015, 12:48 AM IST Looking all around, it appears that Mumbai’s infrastructure has developed tremendously in the last few years. Bridges, flyovers, expressways–these are all major changes in the way the city moves. But yet, commuters travel for hours to get to their destinations. Why is that and what more should be done?, says Akhilesh Tilotia. Has infrastructure in Mumbai been a game-changer for the city? The idea set me thinking about how one judges whether the infrastructure that has been created is indeed enough, forget being labeled a game-changer. I reflected on my 12 kms daily commute from the new business district of Bandra Kurla Complex to my home on the Jogeshwari Vikhroli Link Road (JVLR) which takes about 60 and 80 minutes. This is almost the same time taken by my wife from her work place in Airoli to home, a similar distance. This translates into an average speed of between 9km/hr and 12 kms/hr, not very far from the officia...

Swapnil Pawar and I wrote two articles in the India Infrastructure Review in 2004 while we were second-year students of the Post Graduate Diploma in Business Management (PGDBM) at Indian Institute of Management, Ahmedabad (IIM-A). You can read the articles here: Book (from page 270 of the printed book; page 298 of the pdf) A Faster Road on the Periphery of a City Sprawl Can Have Immense Value Swapnil Pawar and Akhilesh Tilotia Roads as Commercial Assets 270 • The Basic Model 270 • Changes Due to the Fast Road from Periphery 271 • Calculation of Value Addition 271 • Application to Real Life Case of a City 272 • Conclusions 272 Traffic Risk Management—Derivatives in the Transport Sector 273 Akhilesh Tilotia and Swapnil Pawar The Problem 273 • Alternative 1: Intra-private Players’ Risk 274 • Alternative 2: Financial Intermediary 274 • The Derivatives Market 275 • Expected Players and the Potential 276 • Issues 277