Goodbye growth?

With a troubled global economy and India’s GDP growth rates slowing down to 5-6 per cent,the government cannot afford to take steps that could damage investor sentiments further.

Written by The Indian Express | Published: September 8, 2012 12:58:49 am

Goodbye growth?

With a troubled global economy and India’s GDP growth rates slowing down to 5-6 per cent,the government cannot afford to take steps that could damage investor sentiments further. The last budget’s proposals on GAAR did just that,contributing to the perception that the Indian tax regime is arbitrary and unpredictable. The government is reluctant to be seen as aligned with big business. Policy paralysis and this perceived anti-business climate have slowed down foreign investment inflows and stunted the growth of infrastructure. Bold reforms are urgently needed. Or else,India can bid goodbye to its growth story.

— Manish Kumar,Patna

Speak out

APROPOS ‘Arguing with mirrors’ (IE,September 6),it is unfortunate that the government is overreacting to the article in The Washington Post ,which said nothing that had not been said earlier about Prime Minister Manmohan Singh. The Congress as a whole should take responsibility for the country’s current plight. Instead,it is mostly Singh who takes all the brickbats. It is sad that even though our government is headed by an economist,the economic slump persists. The Congress and the government would like to pin the blame on global factors,over which they have little control. Whatever the state of the global economy,the government should not be seen as paralysed. UPA 2 is filled with ministers who lack purpose and are hampered by destructive party politics. The prime minister should make a strong defence for himself in public,or else history will remember him as a great economic reformer but a weak PM.

— Amit Bhandari

New Delhi

Low blow

THE scuffle in Parliament between the Bahujan Samaj Party’s Avtar Singh Karimpuri and the Samajwadi Party’s Naresh Agrawal was most unseemly (‘Scuffle degrades Parliament: SP,BSP MPs come to blows over quota bill in Rajya Sabha’,IE,September 5). The two MPs,who were fighting over the bill to allow the SC/ST quota in promotions,point to why our parliamentarians are criticised so often these days. It is often hard to distinguish between a politician and a hooligan.

— Bidyut K. Chatterjee

Faridabad

Promote equality

AN EMPLOYEE is promoted so that his or her experience and skills can be better utilised for the efficient running of an organisation (‘Cabinet clears SC,ST quota in promotions,Bill in RS today’,IE,September 5). Questions of caste should not be brought into the process. Such a promotion policy is bound to create resentment among those employees who belong to the general category. This could vitiate the work environment. However,there is no doubt that equality should prevail. Those who are underprivileged should be given adequate help at the outset so that they can compete on an equal footing with the rest.

— Sham Lal,New Delhi

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