PM: An Inefficient CEO

Posted on March 14, 2011 by indra

Main opposition party is just short of blaming Man Mohan’s integrity or asking for his resignation or replacement

However, I am more concerned about the performance of the country’s development needs and Man Mohan as CEO not getting anywhere near the targets. I consider four sectors- Power, roads, irrigation and ports, as the most important and critical ones.
Performance of Eleventh Five Year Plan is the performance report of UPA and more so of Man Mohan Singh. As he was a technocrat administrator and not politician, many like me expected him to focus on these performance indicators. After all he had hardly to contribute much to the intrigues of politics.

Power: Man Mohan’s government in 2007-08 targeted to add 78,577 MW in the11th Plan by March 2012. It then revised the target downward to 62,374 MW. But by December 2010 only 32,012MW had been added. How much can be added in one year? Has he got some Aladdin to add the remaining 40%? How will the promise of Power for all by 2012- be attained? Will his nuclear power or that from Sun be of help? However, his finance minister prayed only for Indra and Lakshmi and not the Sun and wind god. By putting a target of 100,000 MW additions in Twelfth Plan, is he not setting an unachievable task for the next government when he or his party will or may not be there?

Road: Kamal Nath had set a target to build roads at 20 km a day or a length of 35,000 km in five years, increasing it from the earlier pace of around three km a day. According to the first work plan, NHAI was to award 122 projects covering around 12,000 km by the end of 2009-10 and 96 projects by the end of 2010-11. NHAI was able to award only a little over 70 projects. And the daily performance was dismal. The average length added each day was 4.6 km in 2007-08, 6 km in 2008-09, 7.4 km in 2009-10 and 3.9 km in the first nine months of this financial year. Can Joshi do what Kamal Nath couldn’t? Did Man Mohan change his minister for 15% cut rate? What is the going rate?

It is only with power and road that manufacturing sector can grow and flourish. Who can know it better than Man Mohan, the economist Prime Minister? How can Man Mohan take credit of being a great CEO prime minister with this dismal performance?

Irrigation: For irrigation to grow, irrigation is must. No other doles to farmers can make up for the absence of water. In the dismal Rs 45000 cr allocated for 283 canal projects under Accelerated Irrigation Benefits Programme since 1996-97, 90% projects are delayed by 2-8 years leading to 28-916% cost overrun. Why couldn’t the CEO devise a close monitoring of these critical infrastructure projects that can sustain his plan of universal food security?

Port: On port too, the capacity additions have been hardly 40% of the target. Can’t the Indian port engineers create deep enough ports? Why much of the containers destined for the country and carried by large vessels have to be trans-shipped at ports in Colombo, Singapore or Dubai? Why does the backup infrastructure such as connecting roads, railway lines and storage space at ports and at warehouses remain grossly inadequate?

Can the economist Prime Minister deny the failures? Should Man Mohan not resign as a failed CEO on some pretext and allow some younger ones to take charge?

Does he not hear the voice of the time coming in media? It is evident from the Chetan Bhagat’s column in Times of India where the names of Man Mohan Singh and Rajesh Talwar have appeared together.

Even Peter’s Principle demands that Man Mohan resigns before it’s too late.

It will be wise for Man Mohan Singh to hand over the responsibility to the Queen who can then pass it on again to one of her loyal chamchas.

Posted in economy, governance | Tagged | Leave a comment

Pigmy Prime Minister

Posted on March 9, 2011 by indra

I was listening to prime minister Man Mohan Singh reply to the question regarding the appointment of tainted Thomas as CVC and clarifications as well promise demanded for building a fool-proof system so that the error does not get repeated on Tuesday Nov 8 in Rajya Sabha.

Man Mohan took the responsibility of the error. But how can that be sufficient? How can Man Mohan be excused by just a statement: “Until I went to the meeting of the selection committee, I was not aware there was any such case of Palmolein and that would involve corruption? I became aware of this case only when the honourable Leader of the Opposition in the Lok Sabha (Sushma Swaraj) raised the issue in the meeting.” Man Mohan was going to attend a meeting as head of the government for deciding a very important appointment. How can the country afford a prime minister who doesn’t prepare and collect information about the subject or persons involved?

Why did Man Mohan not reply to Jaitley’s question- “Why did the government persist that it was Mr. Thomas and Thomas alone who could be appointed and not any of the other two who had a cleaner record? Was it possible to have two views on the subject when the choice was between a chargesheeted official and those with a clean record?”

Why did Man Mohan maintain stony silence and kept on sitting? I felt ashamed for him? Man Mohan compares himself with Pandit Nehru and others. Why should remain as lame duck or proxy prime minister and cause damage to the image of democracy and its people?

And it is not limited to this one issue. Let us look at the next issue where the Supreme asked the Centre to consider invoking anti-terror and other stringent laws against alleged black money offender Hasan Ali Khan over his purported links with arms dealers and terror-related activities. What was the Man Mohan doing all the time with all the investigating and intelligence departments of the government working for him? How long the people of India keep on showing their generosity by overlooking all his errors and negligence of the governance?

But as reported, a DoPT note shows PM knew of charge against ThomasIt appears Man Mohan is shielding someone. Who is he or she?

But surprisingly still all the media and the countries’ intelligentsia is quiet.

Posted in governance | Tagged | Leave a comment

Mystery of ‘The India Story’

Posted on March 7, 2011 by indra

India will be 2-trillion economies this year, and as persons such as Mr. MV Kamath and Anil Ambani predict, by 2015 0r 2020 India, may be a 5-trillion economy. Further, Citigroup CEO Vikram Pandit recently in India said, “Whichever way you look — consumers, innovation, spending, globalisation — India is at the centre of the thing.” I wonder what all it constitutes this figure or that of the country’s GDP. And how should we access India story?

Does GDP constitute the hawala money going out of the country every day? Some estimates it to the extent of Rs 3,00,000 crore annually.

Does it take care of the wealth of persons such as Hasan Ali Khan in banks in foreign countries? The government can only assess it correctly. As reported, a Liechtenstein bank has shared a list of 26 Indians who hold foreign accounts there. But how many banks in tax havens are having the stashed account of Indians and what will be the total wealth involved? Can there be a right estimate?

Does it include the wealth such as one discovered from the muth of Puri? Many mutts in Puri or in the whole of India are having such wealth? A similar report also claimed that the gold and other valuables with Jagannath temple are worth Rs 500 crore. The whole of India knows about the wealth of temples in South such as Tirupati. Stories of persons such as Bachchan and Ambani offering crores worth of diamond and gold keep on appearing in media. How much the country’s gold and valuables are stocked with thousands of temples and shrines?

Indians love gold and silver from ages. What will be the gold in India of 1 billion plus population if every family numbering even 30 million posses just 1 once of it?

I remember the news report about MP Birla’s wealth in his house. He had huge amount of gold and silver coins with jewels starting from Chandra Gupta Maurya period. It got reveled because of a legal case. Can someone access the wealth of the thousands of business families in India? Stories of other former kings such as Nizam, Maharaja of Darbhanga, and hundreds like them keep on appearing in media.

If one takes into considerations all the wealth already existing and getting accumulated, India may get much nearer to the top position or even exceed. India may thus be a much larger economy than what it’s officially.

Coming back to other India stories, it is really a great one. In every sector and facet of activities in every corner of the globe the persons of Indian origin are achieving the heights never scaled by their ancestors in that number. It’s something to be proud of. Many Indian companies are today really MNCs. The world recognizes today the role of Indians in R&D. It is evident from the number of R&D centres set up by so many of many Fortune 500 companies in India. In every part of the globe Indians are making their presence felt. Many CEOs are becoming visible worldwide as better managers.

But when MPs like Bimal Jalan or NK Singh and many international agencies start telling the miserable stories of the people of India, one get a shock of life. How can a nation be developed with 60% below poverty line? How can the news of the multi-million dollars residences of Mukesh or Mittal be rightly accepted and assimilated for the aam aadami?

Will ‘aam aadami’ keep on living on the doles of the government, may be through Adhar or UID or be empowered to live his own life with a sense of achievement and enjoy a better quality of life with his hopes and joy?

However, there is some hope too. Many are trying hard to change the rural India that has a much larger canvas. Young men and women are getting involved in it. It was clear from more than 400 of them joining Tata Jagriti Yatra and many such endeavours of individuals and enterprises.

I wish the politicians and bureaucrats change themselves fast enough with their acts to change the popular perception of theirs, otherwise the aam aadami will change them in the way it’s happening in some part of the world today that none had imagined.

Posted in economy | Leave a comment

Budget 2011: My Views

Posted on March 1, 2011 by indra

I get confused while hearing, watching or reading budget. Sometimes, it is difficult to believe if the achievement claimed is real. For example, can I believe when the FM claims, ‘the total food inflation declined from 20.2 per cent in February 2010 to less than half at 9.3 per cent in January 2011’?

Does a growth of a sector on low base of previous year provide a clear picture? ‘In 2010-11 agriculture is estimated to have grown at 5.4 per cent.’ What will be the first impression of this exciting number on anyone who doesn’t know that it is mostly due to a very low base figure of the previous year? Should not this figure be an average figure of last five years?

I also wonder why a secular finance minister keeps on seeking the blessings of Lord Indra and Goddess Lakshmi. Let him pour money on irrigation, minor, major, river interlinking, creating water bodies, and storing all that nature gives. Let him cut the wasteful expenditure that Lakshmi expects one to do for getting prosperity.

It also presents dismal lack of mature policy and management, otherwise how can ‘the spurt in prices of onion, milk, poultry and some vegetables’ with ban on the exports of onion, be justified, if just a month ‘prices of onion have crashed in wholesale markets and the government had to remove the ban on their exports’. Why can’t the organized retail be encouraged to buy straight from the producers instead of mandis? Why the selling price can’t be linked somehow with the price paid to the farmer?

Shri Nandan Nilekani may find out a technical way out ‘of direct transfer of subsidy for kerosene, LPG and fertilizers to people living below poverty line in a phased manner’, but will Mr. Pranab Mukherji and his government be able to keep the promise of getting the system in place by March 2012? Further, is there a consensus on the definition of ‘below the poverty line’? That must be a priority. And they must get even Nilekani’s Adhar numbers on priority within a time frame. Further, will a person or family below poverty line remain so for ever? And how many of those below poverty line are farmers and are the buyers of fertilizers?
It’s interesting that the government collects huge sum through say, 3G auction or disinvestment and spends on the social sector. Should it not be invested in empowering the weaker sections by providing education, power and healthcare in more aggressive manner?

Does it take so many years to realize that ‘for sustained growth of GDP and productive employment for younger generation, it is imperative that the growth in manufacturing sector picks up’? Mr. Krishnamurthy, the former MD of Maruti Udyog as the chairman of Manufacturing Competitiveness Council and CII had already made recommendations in his report. However, it a good promise from the FM that he promises to take the share of manufacturing in GDP from about 16 per cent to 25 per cent over a period of ten years. However, I am skeptical if the government will go for sustained necessary focused actions required to make Indian industry globally competitive.

As it seems MGNREGA is becoming a grand social security. It could have been more productive if it could be managed well and if it would have focused on creating permanent assets. Every village must have its own plan document- new projects as well its maintenance that requires the engagement of the people under MGNREGA. Unfortunately, most of the people who are expected to manage it, are unscrupulous and the beneficiaries are not enlightened enough to stop them from getting into malicious way of making money.

Pranab babu has given a big boost to the grass root Anganwadi workers and Anganwadi helpers by doubling their remunerations. I hope that they are regularly trained to carry out their functions more effectively. But will the increase sustain their increasing aspirations?

However, I liked most his proposal of the revised Centrally Sponsored Scheme “Vocationalisation of Secondary Education” that will be implemented to improve the employability of our youth.

But I wish the leadership of the ruling party works hard to have consensus on big ticket things such as GST and FDI in retail. And it should be possible as shown with JPC on 2G scam or Nuclear Bill. Both must appreciate it that the younger generation expects them to go that way. The centre must listen to good proposals from the states. Why should it not look into Nitish Kumar’s proposal to cut down the number of central government projects that run into hundreds?

I have been watching the presentation of the country’s budget every year since Hindustan Motors days. At that time it was to assess the impact of the proposals on the cost of vehicles. Now I feel the process has become almost standardized. And neither the finance ministers nor the administrators have some great breakthrough new ideas. Sometimes, I guess that the task can now be done by a good computer programme automatically. A group of IT experts can come out with a simpler way of making budget removing the burden of the mantriji and babus. Why the government should not use some experts, may be Nandan Nilekani, for this switch over?

Posted in economy, governance | Tagged | Leave a comment

Manmohan(mania)

Posted on February 24, 2011 by indra

Manmohan Singh got installed as Prime Minister of India in 2004. Most of the intellectuals sighed relief. They were perhaps not prepared to see a country with Sonia as Prime Minister. Many including myself thought the model of putting the technically best person might be a better route with deteriorating images of politicians. I wrote too. But has not the experiment failed?
For some time now I have writing and expecting that a technocrat like Manmohan must take a plea such as deteriorating health and leave. With passing days many are expressing doubts about his effectiveness. Recently I saw few interesting views from some.

Shobha De wants Manmohan to take a lesson from Bauji of ‘Paliala House’. I went to watch the movie after reading the column.

Manmohan Singh has to realize this mess is not about just him —it isn’t enough to claim individual moral superiority and go about with his own conduct above suspicion. It is about closing his eyes, looking the other way and keeping mum. He says he has a job to do (darling, please do it!) and he’s not quitting. Fine. Don’t quit, Sir. But could you please get on with it? That dreaded and disgusting ‘C-word’ (compromise ) has been used excessively by the PM. Someone should have told him it’s a lousy excuse to trot out at a time the country needs to hear something better. He spoke about his personal frustration. But what about the collective frustration of the one billion plus citizens of India ? And excuse me, but it sounds bloody awful when a leader confesses he is not ‘as big a culprit’ as he’s made out to be. Reading into that line, it would be fair to conclude we can call him a chhota-mota culprit… not a big one!


From Times of India

Ashok V. Desai wrote a good piece ‘CAESAR’S WIFE’S HUSBAND’ in The Telegraph, Kolkata.

Bit the nest one was one I read in Delhi Times by Diksha Kamra, ‘GUMSUM NA RAHO, PM JI’. I would love to hear Palash Sen’s song Aa Dekhoon Main Kya Hai Masla,Naa Jaanu Main Sach Hai Kya,Tha Jo Tere Mann Mein Bhool Ja,Par Gumsum Raho Naarequesting the prime minister not to show up everywhere with a sad expression!

I would have loved to read or hear Shail Chaturvedi or Surendra Sharma, if they have some new on Manmohan.

I don’t think, Manmohan is going to comply anyone.

Posted in economy, governance | Tagged | Leave a comment

Budget – An Appeal to Pranab Babu and an Anguish

Posted on February 22, 2011 by indra

For last so many years I have been watching this exercise of the government. Over the years, the majority in salaried class looks at it with a great hope. But every time it comes with some drops in the empty ocean of expectations. Inflation gets higher than the rise in annual increments and the households are to resort to cutting even essential expenditure. For a change why should you not come out with some real down to earth announcements this time for the salaried class?

1. Instead of raising the tax exemption every time by thousands, please for a change raise the bar to Rs 6, 00,000 per year. Look at the inflation in usual expenses at least in two areas of necessity:

• School fee in all good private schools have gone sky high. Could you think of spending Rs 2 lakh annually for your son in high school?

• Medical costs are equally getting exorbitant. How can a salaried person give Rs 12 lakh for hospitalization for 12 days in a hospital? Don’t you know that many are to decide to die rather than telling the family head about the trouble?

Alternatively, please make all payments for education in schools and actual expenses for the hospital and medicines deductable from taxable income.

For all retired persons above 70 years who had contributed in income tax kitty, particularly those from private sector with no pension, can the government make at least the medical expenses in all hospital free?

And finally I have an appeal for the benefit of millions of migrant workers. Can you get Money Order up to Rs 2000 free? Further, is it an inclusive government that charges 5%, that is, Rs 100 for sending Es 2000? It’s a big money for those who send money by MO

Why can’t your tech-savvy minister get implement fast the digital transfer of MO money through cellular phone? Interestingly, most of the senders, payees as well as the postmen even in the remotest rural region are having the gadgets. Perhaps you may not know, even today in 2011, a money order sometimes take a month or more to reach from New Delhi to a village in Bihar.

I have heard the President’s speech of promises and wishes with concerns for the people of India. Does the government really work for the intended beneficiaries or the intermediaries and those benefiting from millions of government tenders?

PS: Pranab Babu! Your government will come with many freebies in 2013 budget before general election. Many think you should do that now to divert the damage caused by various recent scams.

Posted in Uncategorized | Leave a comment

Manmohan, Media and Opposition

Posted on February 18, 2011 by indra

I watched the whole of Manmohan’s press interactions today. He kept on emphasizing that he is not a lame duck prime minister. Manmohan Singh vowed to stay in office to press ahead with reforms. I shall wish the people to judge by two promises he made.

Let us wait till the end of the budget session after which he promised to have a major cabinet reshuffle. Will he able to touch any of the strong weight poor performer or unscrupulous minister? Will he be giving some challenging ministries to the young brigade already in ministry and are subordinating the heavy weights?

Manmohan has also promised that no wrongdoers would be spared. He didn’t provide a time-frame. He must not keep the people of India waiting for long. Can he not bring the wealth siphoned back in nation’s exchequer through an ordinance with a clause of paying back with interest if the courts acquit the wrongdoers?

However, I am shocked that none of the editors present there asked questions on the performances of his ministers. How many kms of roads were built against a promise of 20 km per day? Why are we failing to provide power to the country men even after so many years? What is the reduction in the number of cases in the courts? How long will it take to his Bharat Nirman targets that were to be finished by 2009? What time will it take to execute at least some of the projects in Orissa, Chattisgarh, and Jharkhand? What is the progress on the Sibal’s dream plans of skilling and educating India?

Why the editors were so meek with no concern on the speed of development and reform? Many questions would have come from the elite journalists of the small screen.

And then why is the major opposition party also failing badly to take up these development issues, be it of physical infrastructure or HDI, where the government keeps on promising with no significant improvements? It never came out even with a strong denial of the prime minister’s charge on it for blackmailing?

Many perceive to day that Manmohan’s aura is fast fading.
—-
PS: Views of Suhel Seth: “The press conference held last week by Manmohan Singh, India’s prime minister, was an unmitigated disaster. Mr Singh’s enormous brand was felled at the hands of some very reasonable television folks. None of them was out for the kill. But then the prey succumbed even without any poisoned arrows being fired.”

Posted in economy | Leave a comment

A letter to Sonia Gandhi

Posted on February 15, 2011 by indra

I saw Chetan Bhagat’s letter to Sonia Gandhi and if that reaches Sonia Gandhi I will like to add some more point to the letter.

Can she take an initiative to see that Congress members in every constituency start working for social causes such as education, healthcare, employment generation as Mahatma Gandhi taught the party through various movements and initiatives such as Khadi, Harijan, sanitation or Salt making?

Let the political parties compete with its work done for the community instead of muscle or money power. Corruption can end only if the candidates are selected for the work done for the community and the community selects them for the services they delivered,

The end of present basis of selection through some brave initiatives can only bring the end of the greedy lot who are entering politics only to make money and live a standard of life of top business men and wealthy people.

The national party must encourage the people who work and serve at the grassroots level.

Further I couldn’t agree to the concept of stipend for younger interns in politics as suggested by Bhagat. What will be the amount? Will that satisfy the present generation’s aspiration? How long can the stipend work?

I shall like Sonia to judge her leaders by performance. Inefficiency and ineffectiveness must be punished and not accommodated. And the report in media must be honoured after verification and a criminal must be eliminated from the party without waiting for his conviction. For example, persons such as ND Tiwari’s case and those involved in Radia’s tape case.

I shall further appeal to Sonia to dissuade Rahul from inviting young students from universities to politics. Let them focus on academic activities. There has already been a lot of erosion in academic areas. Let the party encourage people from many streams with working experiences in different sectors.

As a last but not the least important point in appeal I shall like Sonia to consider a question in many minds. Should you not consider a change of the person in the highest chair? Let Pranab or someone else be tried. May be that the people may feel happy with a changed face. Madam! A lot of water has gone down Ganga since you renounced the prime minister’s post. Either Rahul or you yourself can occupy the chair of the prime minister. There is nothing to worry. This country accepts every one without bias. Let it not be too late for the people.

Posted in economy, indian politics | Tagged | Leave a comment

Why doesn’t Manmohan Resign or Retire

Posted on February 11, 2011 by indra

With all types of scams appearing almost daily, any self respecting prime minister would have resigned, After all as a prime minster of the country, he owns the responsibility. If one of his cabinet ministers has been corrupt, the prime minister must also own a part of responsibility for not keeping a watch on the system that makes it happen.

Why doesn’t the prime minister resign? Does he think that there is no one in the country or Congress who can replace him and run the government? Is Manmohan having an inferiority complex because of being the elected prime minister or one planted by Sonia? Why would he compare himself with other prime minister and talk of his holding the chair for record number of years or twice in succession?

After all Manmohan, as claimed, is a top class economist respected even by Obama, why should he be afraid of resigning from the job? Even if he needs engagement after the retirement he can be on the consulting panels of many corporate or global bodies or he can earn as Clinton does by speaking at different platforms.

The country expected him to be actively contributing to toning up the government and the administration for better efficiency. Why couldn’t he bring about any significant changes and reform? Why is he content with living in the glory of his tenure as finance minister of Narsingha Rao? Why could not he bring about the changes in labour laws for improving manufacturing that can provide the employment? If he claims to get through the nuclear bill why could he take a similar stand on the reforms that could really help in solving many problems of fast growth?

If Manmohan Singh could oversee Railways during Lalu why did he allow Railway to become a white elephant during Mamtaa regime? Why couldn’t even a single railway station be transformed to world class standard of conveniences?

Is he not responsible for India failing to become number one in steel and textile production? Why India should exports cotton and iron ores and not the finished product? Is not a shame that India produce only around 70 million ton of steel and takes pride in that? Why are so many of the industrial houses waiting for all these years to get the construction of steel plants started? Why the project delay cost are in hundreds of thousands crores?

Why should Manmohan not allocate coal linkages for the power plants in Bihar or not allow sugar industries to come up in the state in big way that could bring prosperity in the poor state?

Every day one can read stories after stories somehow linked with PM’s failure, be it the Coal India’s mismanagement or PMO inefficiency in ISRO or 2G?

Why should Manmohan and his minster after six years of their rule keep on blaming NDA for all the ills?

Finally how can a minister failing to expedite the road building do what is required to build the shabby Indian cities to global standards? Is it not a shame that a former, president of CII and the vice chairman of an automobile company complains of not having proper road to get in the supplies and transport the finished vehicles out of plant in Rudrapur in so many years? Can one think of a super power taking more time to transport a container truck from Mumbai to Gurgaon that to bring that in from Singapore to Mumbai in ship?

Why should a rikshawala of Bihar pay Rs 100 to post office for sending Rs 2000 to his village home in Bihar and that also taking 20 days?

Can Manmohan Singh convince that six years of rules are not good enough to change these?

I am sure as an old man Manmohan must be wishing to retire and resign but Sonia may not be allowing him to do that. Rahul is hesitant and others are afraid.

Posted in governance, indian politics | Tagged | Leave a comment

Anti-people Business Houses

Posted on February 9, 2011 by indra

It appears over the years the short term gains and profit orientation have so much gotten into the mindset of the business community, particularly the those at top of the pack that it hardly bother about the wretched condition of the millions of people of the community whom they exploit and in which they exist and grow.

For me there is only one priority and that is a goal of having 100% educated Indians. I can bet ‘attain it and India becomes superpower’. I feel bad as the business houses are not doing anything significant in that direction leaving the majority of the responsibility to the government. The business houses today even don’t bother to educate its own employees and still expect them to contribute the best through major innovation. How many of the business houses, the bug ones, are having a system of continuous education of all of its employees? Why can’t it bear the social responsibility of the education of all the children of the employees? Will it significantly upset its budget? If these business houses take it as a mission, it is easy to do, but if it does it for meeting certain mandatory requirement, it will never happen.

I shall like to talk of only few concrete sectors. Every one today knows about the telecom sector because of its unique expansion. And all these companies are making money and also are behind billion worth of scams. Should the companies not encourage the young boys and girls engaged in the sector for higher education and skill and spend on it? If the Japanese in good old days could make the nation learn the significance of quality and quality circle through radio programmes, why can’t the telecom operators educate the 700 million people with handsets?

The country today produces about 2 million of automobiles that need skill of using as well as in maintaining of the machines. Can someone tell me the capacity of the schools or facilities for training drivers and motor mechanics in the country? Can’t the business houses take this responsibility? Why should they expect that also as government job? And similar is the condition of all the service sectors?

Let the business house realize that one of its major responsibilities is not only to making profit and increasing its own wealth but also to make the people around them educated, skilled and wealthy.

If the business houses don’t take up this responsibility and change its mindset, I see a bleak future for the country. There can be only one way that will force the change happen. And that will be what is happening in Arab world, but that will not be against only the government but also against all those who could have avoided it to happen.
——-
PS: With 2% of profit for CSR getting mandatory for the Indian Inc., will the corporate take the mission of educating and skilling India 100% in next five years? Premji has already shown the way. Let others join him.

Posted in economy, industry, management | Leave a comment