Speaking exclusively to Moneycontrol, Jain laid out why India is becoming a hit destination for global PE investors, and how the development of a good exit option through IPOs will be a magnet to attract more foreign money.
Gopal Jain, Supreme Court Lawyer says the government's decision to hand over the matter of spectrum pricing to Trai is a wise one. Talking to CNBC-TV18, he says Trai should take into account the background, the past practice, and the fact that it was a flop before coming to a decision.
Constitutional lawyer and former additional solicitor general KTS Tulsi and corporate lawyer Gopal Jain explain to CNBC-TV18 that the Supreme Court judgment was issued with the clear focus on the socialist aspect of the Constitution that mandates the government to provide the basic essentials of life to all citizens.
Gopal Jain, senior advocate, Supreme Court, says that what is surprising is that the government is claiming that it has now liberalized spectrum. In 2009, the TDSAT ruled on this in favor of the government when they introduced the crossover or dual use of spectrum saying that it was already technology as well as service neutrality.
Gopal Jain - Senior Advocate at the Supreme Court takes CNBC-TV18 through the latest contours of the review petition that has been filed by the government on the Vodafone tax case.
The Indian telecom sector is widely acknowledged as a poster child of the Indian reform story that started 20 years back and has led to some spectacular gains. But the success story has unraveled. Today the sector is in the midst of an unprecedented crisis like never before. Joining me today to discuss this is a panel of experts and lawyers.