Dr.T.V.Gopalakrishnan (Mumbai)
Mr Basu has done a good job and drawn the attention of the Government to its inaction on reforms front. Hope such comments from very seniors will help the politicians in power to introspect and take some positive steps to take the economy forward. Other than legislative reforms where opposition parties cooperation is required, the Govt can take some intiatives in the administrative areas and remove the bottlendecks and expedite proposals leading to improved investment, production and distribution. Doing business in India is reported to be most discomfortable and with administrative measures, this can be taken care of to a great extent. Systems and procedures can be minimised to improve efficiency in the sanction of approvals and project clearances. The infrastructural bottlenecks in the area of power,transports and distribution of raw materials and finished products etc need to be made more transparent and more result oriented with adequate checks and balances to minimise delay and corruption. The Govt functionaries need to be made more accountable and less of having corrupt practices. These things do not require references to parliament to face opposition from the opposition parties. It is time for the Govt to identify areas where they can initiate action and speed up the decision making processes. The issue of corruption and delay in taking decisions for the fear of getting caught etc for some wrong decisions etc can easily be tackled with proper administration, incentives and motivation etc.The confidence in the economy needs a boost for that legislative sanction is definitely not required. Readiness is all that is required to be exhibited by the Govt.(This is in response to the Editorial on Basu's effect appeared in Times of India dated 24/04/12)
Mr Basu has done a good job and drawn the attention of the Government to its inaction on reforms front. Hope such comments from very seniors will help the politicians in power to introspect and take some positive steps to take the economy forward. Other than legislative reforms where opposition parties cooperation is required, the Govt can take some intiatives in the administrative areas and remove the bottlendecks and expedite proposals leading to improved investment, production and distribution. Doing business in India is reported to be most discomfortable and with administrative measures, this can be taken care of to a great extent. Systems and procedures can be minimised to improve efficiency in the sanction of approvals and project clearances. The infrastructural bottlenecks in the area of power,transports and distribution of raw materials and finished products etc need to be made more transparent and more result oriented with adequate checks and balances to minimise delay and corruption. The Govt functionaries need to be made more accountable and less of having corrupt practices. These things do not require references to parliament to face opposition from the opposition parties. It is time for the Govt to identify areas where they can initiate action and speed up the decision making processes. The issue of corruption and delay in taking decisions for the fear of getting caught etc for some wrong decisions etc can easily be tackled with proper administration, incentives and motivation etc.The confidence in the economy needs a boost for that legislative sanction is definitely not required. Readiness is all that is required to be exhibited by the Govt.(This is in response to the Editorial on Basu's effect appeared in Times of India dated 24/04/12)
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