BiziNation # 44: Government Subsidies Get a New Meaning

The Indian government is contemplating on giving out direct subsidies to the poor by distributing food coupons which can be exchanged for food items at market prices. Do not hold your breath. The government is only in a contemplation mode, but in this podcast we talk about what are the highlights, advantages and consequences of such a step. The prototype of executing this step is already ready with Sri Lanka which had done this way back in 1979. In the auto industry, Daimler joins Nissan and Renault in an alliance to share technology and reduce cost. In other news, the management thinker, C K Prahlad passed away.