Prime Minister's landmark speech at CII’s Annual Session
http://www.mbauniverse.com/innerPage.php?id=ne&pageId=326
A very impressive speech indeed, outlining some of the current problems in our economy and giving a ten-point charter for the corporate world to maintain a balanced economy. Some of the points being
- healthy respect for workers and invesetment in their welfare by companies
- corporate responsibility towards society should be more substantial
- employment to underpreviledged and backward classes
- invest in r&d, innovation, environment friendly methods
- promote socially responsible media
- resist excessive remuneration
- operation of cartels to keep prices high must end
Well, its is a deadlock, government cannot (or does not?) effectively control rising prices; corporate workers cannot afford a decent lifestyle and rising prices with lower pay checks; companies cannot afford to lose their employees and so offer higher pay; spending by the high-paid individuals encourage the cartels to keep the prices high; government cannot (or does not?) effectively control rising prices. The cycle continues.
How much does the government try to regulate the operation of cartels or works effectively towards controlling rising prices? We see almost all our Prime Ministers and Presidents talking about vision and n-point programmes which seem very good but hardly see anything being implemented. I would think that being a Prime Minister, the person should be able to drive almost anything which is in the interests of the nation ofcourse to its implementation. Agreed that running a nation is a big responsibility but there is no point in completing 5 years term in power and having laid foundation stones for 100 projects without actually completing any. Instead, ensure completion of 10 projects to full or atleast to feasbile milestones and they can still lay the foundation stones for remaining 90, that doesnt take much time!
3 comments:
Dude,
This Prime Minister is a disappointment. I worshipped him to the architect of modern indian economy, but with his latest statements, he has let me down bigtime. Not that it
makes any difference to anybody in the world, but me.
One of the major reasons of the inflation is the booming black market, which is rampaging on the Indian Economy.
http://www.businessworld.in/content/view/1812/1875
Instead of working out the basics, reforming the Enforcement Directorate, the short sighted Government hiked the interest rates. Chidambaram even went to the extent of
curbing all Home Loans above 20 lakhs. Whom is he kidding? Is it possible in any of the metorpolitan cities to get a decent apartment/house for less than 20 lakhs?? The
Planning Commission is a facade behind which the sluggish government hides. Why cannot the Planning Commission come up with 2 yr plans, instead of 5 yr plans? We
still have the processes left by Nehru. How can we compete with the energetic China? or other global economies which are much more faster to adapt?
There is a disconnect in the Prime Minister's speech. As a point 6, the Prime Minister speaks about 'desist from non-competitive behaviour'. But, if you would look at poitn
4, 'resist excessive remuneration to promoters and senior executives and discourage conspicuous consumption'. This Minister has to be enlightened that the men at the top haven't reached there by chance. They would have worked their way to the top, beating the competition. It is right to support the weak, but it is also important to separate out the losers from winners.
Also, this Minister has been hailed as the 'architect of modern indian economy'. This could be the only reason why I was respecting him, despite his short sighted utterance about Reservation, and other comic headlines. But read this...
http://hawkeyeview.blogspot.com/search?q=liberalisation
Utter disgrace!!!
Very True!
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