Stimulus package for the Industry
In media, there are indications that India Inc. is demanding a stimulus package to the tune of Rs. 50,000 crores from the Government.
Isn't it pathetic.
RBI significantly reduced interest rates in recent past, but industry didn't get any stimulus, whereas the common people were let to suffer because of reduced interest rates. In every union and state budgets, lakhs of crores of relief is granted to the India Inc, in a way or other but India Inc. doesn't get any stimulus.
My personal opinion is that, India Inc. is surviving on the funds provided by the Government in one way or other. It could be in the form of Stimulus packages, subsidies or the loans given by Banks which are subsequently converted into NPAs. As long as India Inc. continues surviving on Government funds, they will not need their customers.
A permanent solution to this problem could be, stopping any type of Government funding to India Inc. and let them grow by the earnings from their customers. For that, India Inc. will have to provide quality product and services to its customers and win its customers for improving its revenue and earnings. Improved earnings will lead to expansion of the industry as well as generation of employment.
Therefore, in my opinion, India Inc. should be left at their own, without any financial support from Government and should improve its revenue and margins by winning its customers. more
Isn't it pathetic.
RBI significantly reduced interest rates in recent past, but industry didn't get any stimulus, whereas the common people were let to suffer because of reduced interest rates. In every union and state budgets, lakhs of crores of relief is granted to the India Inc, in a way or other but India Inc. doesn't get any stimulus.
My personal opinion is that, India Inc. is surviving on the funds provided by the Government in one way or other. It could be in the form of Stimulus packages, subsidies or the loans given by Banks which are subsequently converted into NPAs. As long as India Inc. continues surviving on Government funds, they will not need their customers.
A permanent solution to this problem could be, stopping any type of Government funding to India Inc. and let them grow by the earnings from their customers. For that, India Inc. will have to provide quality product and services to its customers and win its customers for improving its revenue and earnings. Improved earnings will lead to expansion of the industry as well as generation of employment.
Therefore, in my opinion, India Inc. should be left at their own, without any financial support from Government and should improve its revenue and margins by winning its customers. more
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Another point raised in my this post is "Quality of Products and Services" rendered by India Inc., apart from misuse of Tax Payers money. Please raise your concern about this as well. more
Oct 23
I think any special packages should be totally stopped for anyone. If that happens then any loans will be used for the purpose it has been taken and payments by an large will happen. Currently everyone knows that they can get away by either claiming poverty or bankruptcy or minority or caste status. In this country honesty, hardwork is not seen as a viable option. A drastic change - hard hitting, tough and difficult but necessary - is required. Everyone is blackmailing the govt for votes....every govt is the same and we people are manipulating the system. Who will bell the cat and say ENOUGH. more
Oct 23
I agree to the views of Mr Atul Jauhari. Poor man's money can not be spent on India Inc just because they are not managing their house well. Indian Industrialists are few of the world's richest. Why cant they cut down coy expenditure by cutting down their pay and perks and focus on quality products with competitive rates rather than relying on Tax Payers money? I also agree with Mr PT Santhanagopalan that "Well Being of People" must be the main agenda rather than "Development". I heard "King of Bhutan" speech other day about how his country's focus is on "Happiness Index" rather than "GDP". more
Oct 23
India is still run by The East India Company, ownership is same as RBI, located in the City of London. Government is nothing but its administrative hand. more
Oct 21
