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a glimmer of hope for the lumbering yelephant
by Guest Mon Jun 18, 2012 11:25 am
let's hope mulayam (and akhilesh) is the lesser of two evils. (akhilesh yadav sounds as suave and earnest as omar abdullah on twitter -- but that is no way to judge politicians i guess. only difference -- akhilesh capitalizes ever word. 
)
source: http://lite.epaper.timesofindia.com/mobile.aspx?article=yes&pageid=1&edlabel=ETM&mydateHid=18-06-2012&pubname=&edname=&articleid=Ar00102&format=&publabel=ET
Barriers to Reforms may Lift at North Block
SHAJI VIKRAMAN MUMBAI
The government will soon unveil policy measures aimed at attracting capital inflows and boosting investor confidence in order to avert a possible sovereign downgrade to junk status and revive faltering growth.The initiatives being considered include an increase in prices of diesel and cooking gas,approvals for more infrastructure projects,and a signal that a controversial proposal to retrospectively tax overseas deals involving Indian assets would be implemented in a fair manner,according to people familiar with the matter.These steps are likely to be announced in early July.Pranab Mukherjee will step down as finance minister towards the end of June,with the ruling UPA nominating him as its candidate for President.There is a clear recognition that the government needs to quickly signal that it will get going on a few bigticket policy decisions and follow it up with executive action and focus on macroeconomic policy, said a senior official.
On Reform Agenda
Increase in
prices of diesel and cooking gas
Approvals for
more infrastructure projects
Measures to
boost capital inflows
Fair implementation
of retrospective tax proposal
Pension reforms;
raising FDI limit in insurance
) source: http://lite.epaper.timesofindia.com/mobile.aspx?article=yes&pageid=1&edlabel=ETM&mydateHid=18-06-2012&pubname=&edname=&articleid=Ar00102&format=&publabel=ET
Barriers to Reforms may Lift at North Block
SHAJI VIKRAMAN MUMBAI
The government will soon unveil policy measures aimed at attracting capital inflows and boosting investor confidence in order to avert a possible sovereign downgrade to junk status and revive faltering growth.The initiatives being considered include an increase in prices of diesel and cooking gas,approvals for more infrastructure projects,and a signal that a controversial proposal to retrospectively tax overseas deals involving Indian assets would be implemented in a fair manner,according to people familiar with the matter.These steps are likely to be announced in early July.Pranab Mukherjee will step down as finance minister towards the end of June,with the ruling UPA nominating him as its candidate for President.There is a clear recognition that the government needs to quickly signal that it will get going on a few bigticket policy decisions and follow it up with executive action and focus on macroeconomic policy, said a senior official.
On Reform Agenda
Increase in
prices of diesel and cooking gas
Approvals for
more infrastructure projects
Measures to
boost capital inflows
Fair implementation
of retrospective tax proposal
Pension reforms;
raising FDI limit in insurance
Guest- Guest
Re: a glimmer of hope for the lumbering yelephant
by Merlot Daruwala Tue Jun 19, 2012 12:32 am
All fine but someone raised a very valid point about the UPA's lopsided priorities.
When it comes to critical economic reforms need by the country, whether it is FDI in retail and other areas, diesel price control etc, they wring their hands helplessly, pointing to nutjob allies like the Left (in UPA-I) and Mamata (UPA - II).
But when it comes to the most inconsequential position in the country, their political managers suddenly wake up and cobble together whatever alliances they need to get their candidate elected. The economy and governance are clearly way below the party's prestige in their order of priorities.
When it comes to critical economic reforms need by the country, whether it is FDI in retail and other areas, diesel price control etc, they wring their hands helplessly, pointing to nutjob allies like the Left (in UPA-I) and Mamata (UPA - II).
But when it comes to the most inconsequential position in the country, their political managers suddenly wake up and cobble together whatever alliances they need to get their candidate elected. The economy and governance are clearly way below the party's prestige in their order of priorities.
Merlot Daruwala- Posts : 5005
Join date : 2011-04-29
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