India is losing the fiscal plot with bureaucrats trying to marshal resources by squeezing taxpayers, foreign investors, firms planning buybacks and even the RBI.
Better highways mean trucks can carry bigger loads, so demand for trucks is falling. Such improved productivity must be taken into GDP consideration, but is it?
The last time this matter flared up was when Delhi Chief Minister Rekha Gupta, in a very similar directive in April, called for the relocation of stray dogs in the capital.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
Very extensive diplomatic engagement with the rest of the world is not translating into immense investment flows or even an expansion of merchandise trade. As for the litany of woes that investors face, barring moving up a few notches in the Ease of Doing Business, not much seems to have changed IPOs the ground. Not said facetiously, for the next five years, there should be Zero investment of time and effort in organising Investor Summits,
Modi ought to use his political capital to get more investment in India. Apart from action within the sphere of central government, he should invite partnership from two or three states who are willing to offer one stop quick time start of new businesses along with structure for contract enforcement, transport, communication etc. As other states understand benefits of such partnership, entire country can be covered soon. We all know what is required to attract business but have structural issues to deal with. Only a strong leader like Modi can do this with a dedicated vision n commitment.
Very extensive diplomatic engagement with the rest of the world is not translating into immense investment flows or even an expansion of merchandise trade. As for the litany of woes that investors face, barring moving up a few notches in the Ease of Doing Business, not much seems to have changed IPOs the ground. Not said facetiously, for the next five years, there should be Zero investment of time and effort in organising Investor Summits,
… changed on the ground.
Modi ought to use his political capital to get more investment in India. Apart from action within the sphere of central government, he should invite partnership from two or three states who are willing to offer one stop quick time start of new businesses along with structure for contract enforcement, transport, communication etc. As other states understand benefits of such partnership, entire country can be covered soon. We all know what is required to attract business but have structural issues to deal with. Only a strong leader like Modi can do this with a dedicated vision n commitment.