India Economic Policy - "In a state of Paralysis " - say Premji , Murthi and Mittal

Discussion in 'Economy & Infrastructure' started by roma, Jul 29, 2012.

  1. roma

    roma NRI in Europe Senior Member

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    IT industry backs Murthy, Premji on policy paralysis

    IT industry backs Murthy, Premji on policy paralysis - The Times of India

    main points :-
    1. "Our concerns are no different from what Murthy and Premji have expressed. Key policy issues and executive decisions pertaining to our industry have been pending for long. They require urgent attention of the government if we have to remain competitive in a challenging environment," Som Mittal, president of the National Association of Software and Services Companies (Nasscom), told IANS.

    2. Echoing Murthy, Premji lamented how policy paralysis was hurting investor sentiment. "We are working without a leader as a country," Premji was quoted as saying at his company's meeting with analysts in Mumbai.

    3. Endorsing the views of Murthy and Premji, Mittal said that policy paralysis and lack of reforms were hurting even the IT industry as the government had, for instance, not yet resolved the transfer price issue or introduced the safe harbour provision for past and current claims.


    second article:
    India condemning millions to stay poor, Lakshmi Narayan Mittal says
    India condemning millions to stay poor, Lakshmi Narayan Mittal says - The Times of India

    main points;
    1. "Industrialisation is an important part of every major economy's development and by risking progress in this way, India is potentially condemning hundreds of millions to remain in poverty longer than previously anticipated," Chairman and CEO of world's largest steel-maker ArcelorMittal said.

    2. Addressing the World Steel Dynamics conference here yesterday he said, "the Indian government must concentrate on smoothening the path for foreign investors ...there are understandable challenges in India relating to land acquisition and raw materials, but nevertheless the government must find a way to overcome these road-blocks more swiftly,"

    3. While in the long run, the country enjoys considerable opportunities and requires enormous infrastructure investment, " ... its economy is experiencing some quite serious challenge," he said.



    My comments : lacking "brass tacks" -type leadership of the economy - willingness to look into EVERY detail until the path is truly clear - instead we have a load of half-done jobs by people who start projects for political big-name .
     
    ani82v, parijataka and maomao like this.
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  3. maomao

    maomao Veteran Hunter of Maleecha Senior Member

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    Re: India Economic Policy - "In a state of Paralysis " - say Premji , Murthi and Mitt

    When the country's leadership is - corrupt, inept, ruthless, shameless, intellectually bankrupt, power hungry and foreign owned! Then what do expect? Development?
     
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