DURING MY TIMES WITH INDIAN CHAMBER OF COMMERCE
The
Next Chapter Of Economic Reforms Observed During The Converging India Leadership
Summit 2011 By ICC: Development Of India
Lies In Hands Of The 3rd Generation With Innovation Brought
Inclusively
Talking on the big picture of India in terms
of governance and growth and highlighting on the priorities of next phase of economic
reforms of the country during the Converging India Leadership Summit 2011 held
by India Chamber of Commerce, Mr Prakash Javedkar, Member Of The Parliament,
Rajya Sabha recollected that during 20yrs of the India’s growth story, gold being
transferred to India was a landmark decision when Dr. Manmohan Singh, then the
finance minister unleashed the energy of
the entrepreneurs. Talking about the development of a fast growing country like
China viz-a-viz India he said that the figure is 4:1. China reforms every
moment but India has been at a standstill. We can boost at a yearly growth of
7.5 %, 11% still remains unemployed. Fiscal deficit is 10% at the center, our
current account stands negative by a million dollars and that’s a concern he
said. Remembering Atal Bihari Bajpai regime during 1994-2004 he said that there
was a massive push in every sector. India had set a target of 78000 mega watt
power supply which China achieved in 1 year. The future of India’s ultra mega
power project looks sluggish. Today
Power Exchange gives power supply @ Rs. 2 because states have decided as
an undeclared policy to supply power for 8hours only. Talking about the state of our roads, in last
5 years at an average 5km/day have been made while the target was that of
20km/day. There are more of fancy airport in India but the congestion too is
equally more. He mentions that deficit is not fiscal or financial; there lies a
deficit in the political bill. Mr. Javedkar clearly states that India needs 3rs
generation reforms. Innovative perspective is the key but the government has to
unleash 3rd generation for economic reforms, he said during the summit.
Mr Mani Shankar Aiyer, Member
of the Rajya Sabhi present during the panel discussion spoke about India v/s Bharat.
In decade 2080 he said, India’s GDP growth was 5.6%. Changes began in 2002 with
start of 10th 5year plan. The rate of growth is highly jacked up to
9.4 % and the average was 8% accompanied by global glooming. He however calls
it a bogus growth. Why should nation’s income be dependent on agriculture alone,
he questions. The latest UN Human Development Index places us in 134th
position. We are running faster but the position remains the same, there is a need
of self governance to eradicate corruption he said. He loudly said that CWG was
a mere attempt to state that India was a ‘Teesmaarkhan’ but the show biz will
do no good to the country, the ground roots need to be checks and corrected.
1/3rd of the country is affected by insufficiency.
Contradicting to what Mr
Prakash Javebdkar said about Inidian road development, Mr Chandan Mitra Member
of the Parliament said that building of roads has in turn affected positively
to the rural sector. It has raised employment opportunities with increased
number of dhabas, motels etc. therefore bringing revenue too. More than 100
villages are now linked to the highways and this brings along a great
opportunity for them to develop. He also says that manipulation does not lie
within the urban areas alone; corruption exists in rural fraternity as well.
Governments have committed blunders in the past six decades and it is important
to acknowledge them if we want to learn from them and improve in the future. If
we can improve the quality of our policies and meet other challenges, India
would start moving in the direction of getting resolved, Mitra said. The senior
BJP leader said, "the post-1990s have seen our politics dominated by
parties that are caste-centric and defy anti-incumbency but gaining social
sanction and becoming a challenge to good governance."
Mr. PK Mukherjee however
observed that education and the health level of the country is not in a desired
state. Where reforms are not progressing, GST should be the first verdict. Mr.
Arun Maira, Member of the Planning Commission shared his Vision India with
basic things to be taken care of. He observed that business should be generated
and innovated in all areas. There is innovation required especially in the
production sector. With over a million democrats, all people to be earners and
owners and therefore be entrepreneurs too.
Mr. Virrapa Moily, Hon’ble
Union Minister, Ministry Of Corporate Affairs Government Of India states that
the political bill is not a standard bill but it has to be looked upon based on
concerns of the country. Reforms are discussed deliberately in the parliament.
We are looking at having a broad vision India but of a world class, he said.
Talking of innovation Moily highlighted that there is a need of novel ideas,
reforms and steps are require to be put into action to bring in a difference.
There is a sum of money that has to be approved for the college of the future,
an optimum investment spent today will yield developmental fruits for your
future but the system needs to understand that. Irrigation too of world class
needs to be changed. There are still places that lack basic amenities.
Expansion has to be made for everything keeping the principle of inclusive in
mind. When thinking of development, we need to think ahead about the next
coming generation. India is innovative and can be distinctive. All that is
required is innovation.
Union Minister Kamal Nath on
Friday came to the defense of his Cabinet colleague Praful Patel in the wake of the CAG report, saying more than one opinion could
exist on whether Air India's decision to buy more aircraft was correct or not. Making
this point before reporters after attending a discussion held by the Indian
Chamber of Commerce, the Union Minister for Urban Development said earlier
there was also the argument that the state carrier was functioning with old
aircraft. "So, there can be more than one opinion on the issue of aircraft
acquisition for Air India," he said.
The CAG in its report tabled in Parliament today questioned Patel's decision as Civil Aviation Minister during UPA's previous term to acquire 111 planes for Air India through debt, calling it "a recipe for disaster". Earlier in his talk to the members of the Industry, Nath admitted that corruption was a big problem. "Of course! It is a huge issue, let us face it. But how do we address it? I do hope one Jan Lokpal Bill can do it. I wish it does. But it is very simplistic to say it will happen. Here people must engage and understand the administration of policies," he said.
Comments
Post a Comment