Letters to the Editor dated September 20, 2021
It is “Fiscal Fiscal Strategies for India” (September 20). While strategies have been implemented to block the misuse of subsidized food products and the direct transfer of benefits to deserving people, the benefits are still being used by many undeserving beneficiaries, resulting in substantial expenditure for the government. .
The system for identifying and distributing benefits to deserving sections needs to be reviewed and consolidated to eliminate those ineligible for these benefits. The substantial investment made to create assets in the public sector, in many cases, is underutilized and has a negative impact on resources. The government is under pressure to borrow money. This not only affects interest rates in the market, but government interest payments also increase.
The government’s asset monetization program is a crucial step in raising funds from those assets which rarely generate income.
It is about “NMP – Unblock the hidden fortune” (September 20). The belief that private actors look forward to participating in government plans to monetize assets needs to be questioned. Uncompromising investors will calculate the risk / return ratio first, and only if this avenue offers better returns than other investments will they invest.
And where will their profits come from? The pockets of those who use the assets. And what about those who cannot afford it? Exclude them from the equation? This cannot and should not be the attitude of any government.
The argument for NPM looks good on paper, but somewhere in the implementation all good intentions are likely to be lost.
The observation by the CEO of Deloitte that “FDI is the key to turning India into a $ 5,000 billion economy” (September 20) is obvious. India has several advantages, such as the availability of highly skilled and cheap labor; young people who can communicate adequately in English; a functioning democracy, and state governments compete to attract business.
Although India has made significant progress on the World Bank’s “Ease of Doing Business” index, there are still several areas for improvement, such as the enforceability of contracts, making college graduates employable by others. equipping them with soft skills, controlling the pernicious tendency to provide jobs for the “sons of the soil”, improving infrastructure, besides giving sufficient publicity to all measures taken to make India business friendly.
Amarinder Singh’s unceremonious exit from the post of Chief Minister of the Punjab following his unseemly long war with Navjot Singh Sidhu, who now serves as chairman of the Congressional State Unit, comes as no surprise. Although he played a central role in scripting the resurgence of Congress and the party’s victory in the last two consecutive state assembly ballots, Amarinder Singh’s failure to maintain his grip on the Party cadres, including lawmakers, while letting bureaucrats emerge as a powerful force to be seen with in the corridors of power had precipitated its downfall.
This refers to “Cracking the Indian automobile market: Why Ford lost and Hyundai won” (September 20). Ford and Hyudai both chose Chennai to set up their manufacturing facilities, Ford was a household name but Hyundai was unknown to most of us. Today, after 25 years, Hyundai has become the second largest car maker in India while Ford leaves the country. Unlike the United States, Indian consumers prefer fuel efficiency, low prices and an attractive resale value, which Ford has chosen to ignore.
While Hyundai took on Maruti with a robust product to begin with, Ford failed on this front.