Former civil servants Vijay Kelkar and Ajay Shah write that we in India revere success and wealth. We assume good HR practices in TCS will work in govt.
Missions like Apollo 11 served their purpose as public good. But it's time for private investment to push humanity out of its cradle and into the stars.
Pushing the Indian economy to a size of $5 trillion by 2024-25 depends on real growth rate, inflation rate and the movement of rupee vis-à-vis US dollar.
Investment is an important driver of growth in India, but the number of private projects announced and under implementation has been declining steadily since 2011-12.
Bihar Chief Minister, Nitish Kumar spoke in favour of 50 per cent job reservation in the private sector on the basis of caste, experts weigh in on the feasibility of this suggestion.
Since Nitish is being seen as a villain among a large sections of Dalits, and is also an ethically beaten public figure right now, everything he says might appear bad. When India Inc is slowly but steadily moving towards integrating Dalit/Adivasis in their workforce chain, why is this man barking private sector quota at this juncture?
For an industry globally classified as hazardous, protections such as health insurance and a provident fund for workers are necessities. In Sivakasi, they remain elusive.
The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.
Indigenisation level will progressively increase up to 60 percent with key sub-assemblies, electronics and mechanical parts being manufactured locally.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
A lot of decisions in private firms can be tactical. Governments become the most effective when they establish rules rather than discretion, and eschew day-to-day tactical responses.
In other words, Govt got no business doing business…..
For a government willing to listen carefully, there are a billion daily feedback loops. From within its own formal structures, staffed by mandarins of caliber, from special interest groups, led by India Inc, the daily flow of analysis and advice from the media, civil society, professionals, academia. Ordinary citizens, sometimes getting through the ruling party’s own vast network. Like businesses that fail and fold up, so can administrations. Then, after the election result, numb party spokespersons saying, We did a lot of good work but were unable to “ communicate “ it effectively to the people. For all their apparent differences, governments and private corporations have a lot more in common than the column suggests. Bring home the bacon.
A lot of decisions in private firms can be tactical. Governments become the most effective when they establish rules rather than discretion, and eschew day-to-day tactical responses.
In other words, Govt got no business doing business…..
For a government willing to listen carefully, there are a billion daily feedback loops. From within its own formal structures, staffed by mandarins of caliber, from special interest groups, led by India Inc, the daily flow of analysis and advice from the media, civil society, professionals, academia. Ordinary citizens, sometimes getting through the ruling party’s own vast network. Like businesses that fail and fold up, so can administrations. Then, after the election result, numb party spokespersons saying, We did a lot of good work but were unable to “ communicate “ it effectively to the people. For all their apparent differences, governments and private corporations have a lot more in common than the column suggests. Bring home the bacon.