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The move to untangle the complicated tax structure and establish GST across the whole country, will be a big help in making India more competitive. The simplification will also help reducing manpower in the govt. I remember reading that 85% of the money collected as Octroi goes in the salaries of people who collect it.
Compared with the western world, Indian companies pay far more taxes and get nothing in return.
I hope the planned constitutional amendments are passed without too many legal hurdles.
The way this govt is going ahead with reforms can catapault India on a fast track to growth.
Regards
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Yes sir. I fully agree with you. I was just showing why the Chinese are way ahead of us in planning and execution of their plans and projects.
Our democrcy even with its weaknesses is surely million times better than the Chinese autocracy. See what our Honourable Prime Minister has said in Washington:
Prime Minister Manmohan Singh sought to downplay the recent US-China joint statement saying it`s not of "direct concern" to him, but asserted that India will not choose the "non-democratic" Chinese path of high economic growth, but its own route of democracy and development.
In a veiled critique of China, Manmohan Singh said although India`s economic performance may not match that of China`s, but it would still prefer the Indian democracy rather than the Chinese non-democratic path.
"There is no doubt that the Chinese growth performance is superior to the Indian performance," he said in response to another question on why the Indian economic performance was lagging behind that of China`s.
"But I have always believed there are other values which are more important than the growth of gross domestic product like respect for fundamental human freedoms, respect for rule of law, respect for multi-religious, multi-ethnic rights," he said.
"Certainly, I would like to choose the Chinese path. I would like to stick to the Indian path," he stressed.
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I can`t agree with the view of Mr Economist Mr. Virmani because lack of politicians wiil power of doing the work in right way....
Ya just go to You Tube or even ET and put on search - Speaker and the topic Press for the presentation....
Okay Tally, i got some links and am checking them out....
Tally
Thanks for mentioning such an interesting book. I would love to read it
Already have Richard Thaler`s Behavioral finane on my TO DO list and now will put this book as well on my list of MUST READ
TED India is an interesting conference. Yes it was held in Mysore unfortunately i dont get enough time from the markets to wacth the proceedings so closely.... Can i get an youtube version of Devdutt Pattananik do give me all those links please. i am very interested... i too will do a google at my end. Thanks...
Dear q Kalwani, I must register my disagreement with your views.
Firstly Bajpayee has been one of the tallest leader of this country. I may disagree with his political party but in no way it reduces my admiration for this great man. You are commenting on a man who possessed great communication skills. From your above post I can not discern your ability therefore will refrain from any comments on why Bajpayee did not reply your letter.
China has advanced. There are no doubts about this fact but have no inferiority complex about the same. We can correct in this dynamic ever changing world
Secondly ...
Dear radhika nandlal, You are a fantastic proud Hindu lady with unmatched mind which is ready to inquire. However many of us are not so knowledgeable to quench your knowledge and even comment on your perceptions.
Notwithstanding, I will request you to read a book written by Maxwell on "India China war".
Shashi Tharoor is a well read diplomat turned politician but he has his political & diplomatic compulsions. His comments for obvious reasons have to be within limits of laid down parameters.
Once again you are welcome to your thoughts and perceptions but nations are not built on single thoughts and perceptions but on combined comprehensive strength. That was the purpose and aim of my post and thread.
By the way; are you following TED India conference held in Mysore. It may quench some of your inquisitiveness.Hear out Devdutt Pattanaik on *How God, death & heavens help us misunderstand one another* There are many more innovative ideas being discussed. Regards....
INDEED INDIA WILL BE A GREAT POWER....
Too late too become ,thanks to politicians and bueraocrats...
The INR again started showing strength and can move esily up to 45 by this calender year end.... better convert dollars into rupees.......
In 1996 I wrote a letter to Bajpayee(PM then
and I now dislike him very much; I had met
him at Hilton Hotel party in Hongkong 1981)
"India can NOT even make shoes; chinese
shoes made fifty years ago are better than
indian shoes made in 1996"
Every chinese product is SUPERIOR SUPERIOR
to Indian.
...
JATT,
Rickshaw Driver is part of our economy. If he manipulates the people it can be dangerous. Their unions are even more dangerous.
The beggars who are at our mercy are of least consequence to our economy. India is not the one to be shamed by its beggar population. Beggars have no business to argue about the tip. So they walk away.
We cannot let anyone who is part of India economy to manipulate thats why India treats rickshaw drivers differently....
Ya its funny,,how people..bargain..with rickshaw driver..who paddles hard all day..and actually works for living..and gets you from point a to b...
A beggar just bugs you..prays for you nonstop..and walks away with more money......
Their = Our
Even OUR religious hysteria is very private...
