eCharcha.Com   Support eCharcha.Com. Click on sponsor ad to shop online!

Advertise Here

Go Back   eCharcha.Com > Current Affairs > Economy

Notices

Economy Fiscally fit?

Reply
 
Thread Tools Display Modes
  #1  
Old January 14th, 2011, 03:40 AM
raniraja's Avatar
raniraja raniraja is offline
The Y A W N E S T zzzz
 
Join Date: Jan 2001
Location: Surat
Posts: 9,650
raniraja has a reputation beyond reputeraniraja has a reputation beyond reputeraniraja has a reputation beyond reputeraniraja has a reputation beyond reputeraniraja has a reputation beyond reputeraniraja has a reputation beyond reputeraniraja has a reputation beyond reputeraniraja has a reputation beyond reputeraniraja has a reputation beyond reputeraniraja has a reputation beyond reputeraniraja has a reputation beyond repute
Cong.at work : Government inhibiting entrepreneurship: Narayana Murthy

To all the computer professionals, special desi software professionals, Narayan Murthi is akin to God. After a phenomenal success story, he says that the Indian Government inhibits entrepreneurship. So, I think that we can safely assume that the Indian entrepreneur has succeeded despite the government's attempts to put him down.

So much for the growth rate rant of MMS, who is not responsible for any of the scams taking under his stewardship.

Quote:
Government inhibiting entrepreneurship: Narayana Murthy

TNN, Jan 14, 2011, 03.36pm IST

BANGALORE: Entrepreneurship, which has acted as a catalyst for social change in India, has not been able to achieve its full potential owing to hurdles placed by the government, according to Infosys chief mentor Narayana Murthy.

"At a time when the country is growing at a rate of 8.5%, 360 million people in the country live at less than a dollar a day. For this the government must act as a catalyst and not an inhibitor of change," said Murthy. Murthy was speaking at the 10th anniversary function of the Indian School of Business (ISB) held at the Infosys campus. He was referring to the various bureacratic hurdles, corruption and elongated waiting periods for setting up businesses that is impacting the creation of an ecosystem that nurtures more world-class entrepreneurs.

Murthy cited an example from his days as an entreprenuer when in 1984 he was asked to pay a bribe to a customs official to import a computer. This was despite having all the necessary certificates from the Department of Electronics to import the equipment without any duties. "I did not pay the bribe and went ahead and paid 350% duties. Persistence pays, as after similar refusals to pay bribes they realized that the ROI with us is not good and then they stopped soliciting bribes," he said.

Read more: Government inhibiting entrepreneurship: Narayana Murthy - The Times of India http://timesofindia.indiatimes.com/b...#ixzz1B0MnOQGZ
__________________
Nietzsche (1887) : God is dead
God (1900) : Nietzsche is dead
-----------------------------------------
I will not be hurried and I will not be bullied

Reply With Quote
  #2  
Old January 14th, 2011, 07:59 AM
Parijataka's Avatar
Parijataka Parijataka is offline
aam aurat
 
Join Date: Oct 2010
Location: Bharat
Posts: 758
Parijataka has a reputation beyond reputeParijataka has a reputation beyond reputeParijataka has a reputation beyond reputeParijataka has a reputation beyond reputeParijataka has a reputation beyond reputeParijataka has a reputation beyond reputeParijataka has a reputation beyond reputeParijataka has a reputation beyond reputeParijataka has a reputation beyond reputeParijataka has a reputation beyond reputeParijataka has a reputation beyond repute
Post Re: Cong.at work : Government inhibiting entrepreneurship: Narayana Murthy

Indian industry has developed despite and not due to the government. Where we need the government is in health care , school education and rural development where the government has failed miserably. Nitish Kumar ji is going in the right direction by hiring 1000's of school teachers (as well as police jawans and constables) for under staffed rural schools, Bihar will surely see the fruits of his efforts in the years to come.

Congress has been the sole arbiter of Indias fate for almost all of the time since 1947, with only 1 term for NDA and 2 by third front.Their emphasis on socialism lead to the licence raj and bribery culture that has become deeply entrenched everywhere now.
Reply With Quote
  #3  
Old January 14th, 2011, 08:04 AM
raniraja's Avatar
raniraja raniraja is offline
The Y A W N E S T zzzz
 
Join Date: Jan 2001
Location: Surat
Posts: 9,650
raniraja has a reputation beyond reputeraniraja has a reputation beyond reputeraniraja has a reputation beyond reputeraniraja has a reputation beyond reputeraniraja has a reputation beyond reputeraniraja has a reputation beyond reputeraniraja has a reputation beyond reputeraniraja has a reputation beyond reputeraniraja has a reputation beyond reputeraniraja has a reputation beyond reputeraniraja has a reputation beyond repute
Re: Cong.at work : Government inhibiting entrepreneurship: Narayana Murthy

Quote:
Originally Posted by Parijataka View Post
....Their emphasis on socialism lead to the licence raj and bribery culture that has become deeply entrenched everywhere now.
I disagree with this statement of yours. Socialism has been good for India. Nowhere in the world would find industries like our Navratnas. It was the need of hour. Even now, I am not sure if disinvestment in these companies to raise funds is a good move by the government.

It is not socialism which has given rise to corruption. License raj, maybe yes, but that too has reduced to a large extent in recent years. Corruption is a matter of mentality which could've happened under any ism that we may have followed.
__________________
Nietzsche (1887) : God is dead
God (1900) : Nietzsche is dead
-----------------------------------------
I will not be hurried and I will not be bullied

Reply With Quote
  #4  
Old January 14th, 2011, 08:28 AM
Parijataka's Avatar
Parijataka Parijataka is offline
aam aurat
 
Join Date: Oct 2010
Location: Bharat
Posts: 758
Parijataka has a reputation beyond reputeParijataka has a reputation beyond reputeParijataka has a reputation beyond reputeParijataka has a reputation beyond reputeParijataka has a reputation beyond reputeParijataka has a reputation beyond reputeParijataka has a reputation beyond reputeParijataka has a reputation beyond reputeParijataka has a reputation beyond reputeParijataka has a reputation beyond reputeParijataka has a reputation beyond repute
Smile Re: Cong.at work : Government inhibiting entrepreneurship: Narayana Murthy

I am not saying at all that socialism has been wrong for India. In fact if you see what I have written I want more govt participation in some fields. What they should have kept out of was running air lines (AI/IA), 5 star hotels (Ashoka hotel chain), etc and trying to control each and every aspect of industry. In 70's under Indira Gandhi, income tax was raised to 97% and wealth tax to 80% (I think), even then some industrialists like Bajaj paid up this horrific tax and survived while others misreported their figures. Such kind of draconic controls only lead to people being forced to cheat and bribe! Similarly licence raj is about scarce permits to manufacture something which were dispensed based on your closeness to the ones in power and your willingness to provide $$ - may be a `babu` or minister. Is this not encouraging a culture of corruption. I dont think Indians or any people in the world want to be dishonest or give bribes unless forced to, some exceptional people like Bajaj and Murthy only will not succumb to the pressure that is all!

Navaratnas are fine and so are our IITs and RECs/NITs and AIIMS and other government institutions of excellence! What they should also have been done is have more govt hospitals , better health care, schools etc. India govt expenditure on primary education and health care is among the lowest in the world. I think govt should spend more on these crucial areas.

Last edited by Parijataka; January 14th, 2011 at 08:34 AM.
Reply With Quote
Reply

Bookmarks

Tags
anti business congress, anti india congress, bloated claims congress, bloated claims govt, liar congress


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Narayana Murthy got unwittingly in the midst of political storm... 2gud Indian Politics 0 April 10th, 2007 09:10 AM
Narayana Murthy, most admired biz leader in India rameshp Economy 3 May 14th, 2006 02:35 PM
How Narayana Murthy Scaled Infosys viking Computing 2 February 2nd, 2006 08:08 PM
NDTV Video: Changing India - Bill Gates & Narayana Murthy rameshp Audio, Video & Photography 0 December 9th, 2005 11:11 PM
Me, a politician? Who knows: Narayana Murthy Parashuram Taaza Khabar - Current news 0 December 2nd, 2001 08:32 PM


All times are GMT -7. The time now is 06:57 PM.


Powered by vBulletin® Version 3.7.2
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
Site Copyright © eCharcha.Com 2000-2012.