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Log inBad news for BJP: Narendra Modi has lost the confidence of Indian Business
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Bad news for BJP: Narendra Modi has lost the confidence of Indian Business
by Guest Tue Apr 14, 2015 8:46 pm
http://timesofindia.indiatimes.com/business/india-business/India-Inc-frets-over-govts-fading-sheen/articleshow/46843332.cms
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Re: Bad news for BJP: Narendra Modi has lost the confidence of Indian Business
by Guest Tue Apr 14, 2015 8:47 pm
MUMBAI: India Inc's confidence in the Modi government, about to complete a year later next month, seems to be dipping. Two tweets from the chairman of Rs 4,600-crore Marico, Harsh Mariwala, on Tuesday are perhaps telling. "Sheen is falling of Modi govt in the context of promises, and gradual delivery. Need to move fast, hope interest rates are reduced today," said the first tweet. The next said, "Heard from a leading politician that if elections were held today NDA will barely win 200 seats in spite of weak opposition."
Mariwala is not the only industrialist who is disappointed with the Modi government - the very lot that was its biggest cheerleaders. It's said that the conversation in board rooms is changing. The pace of clearance is no longer the only issue bothering India Inc. Captains of industry are now highlighting two new concerns, albeit in hushed tones - some of the recent notices from the taxmen and the seemingly unchecked Hindutva agenda of certain right wing groups.
While most CEOs still keep their faith with the Modi government, they are also taking note of the attacks on churches as well as the fresh spurt of tax notices. They feel this is sending out a wrong signal to investors at a time when the government is chasing funds, growth and development.
Mariwala is not the only industrialist who is disappointed with the Modi government - the very lot that was its biggest cheerleaders. It's said that the conversation in board rooms is changing. The pace of clearance is no longer the only issue bothering India Inc. Captains of industry are now highlighting two new concerns, albeit in hushed tones - some of the recent notices from the taxmen and the seemingly unchecked Hindutva agenda of certain right wing groups.
While most CEOs still keep their faith with the Modi government, they are also taking note of the attacks on churches as well as the fresh spurt of tax notices. They feel this is sending out a wrong signal to investors at a time when the government is chasing funds, growth and development.
Guest- Guest
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