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HDFC Chairman Deepak Parekh says Narendra Modi Govt's tall claims of being business friendly is mendacious myth mongering

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HDFC Chairman Deepak Parekh says Narendra Modi Govt's tall claims of being business friendly is mendacious myth mongering Empty HDFC Chairman Deepak Parekh says Narendra Modi Govt's tall claims of being business friendly is mendacious myth mongering

Post by Guest Wed Feb 18, 2015 10:30 am

"The thing is that our Prime Minister had a lucky period in these nine months. The world commodity prices are at all-time low which help India the most," Parekh said. Stating that India is again at a position when everyone is looking at it with high hopes, he said, "I don't see ease of doing business changing so far." Parekh cited the example of delay faced by his own group'sHDFC Bank, the country's top private sector lender, with regard to approvals required for raising of funds, including from overseas.

"Things are happening at such a speed around the world, we need to move faster as well. Just to give you an example of our own case. We needed to raise some capital in HDFC Bank. It took more time this time than earlier years to get approvals from FIPB etc," Parekh said.


http://timesofindia.indiatimes.com/business/india-business/No-change-on-ground-on-ease-of-doing-business-HDFCs-Deepak-Parekh-says/articleshow/46288197.cms

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