Friday, June 8, 2012
NEWS & VIEWS TODAY = 07th, JUNE, 2012 = MODI – THE MAN FOR PROGRESS = FDI IN PHARMA = HEWLETT PACKARD'S WOES COAL & IRON PRICES ARE SOFTENING = BUT WHAT ARE THE PLANS OF COAL INDIA & NMDC?
NEWS & VIEWS TODAY
07th, JUNE, 2012
MODI – THE MAN FOR PROGRESS
FDI IN PHARMA
HEWLETT PACKARD'S WOES
COAL & IRON PRICES ARE SOFTENING
BUT WHAT ARE THE PLANS OF COAL INDIA & NMDC?
1. NEWS :Today’s ET is about Modi. The Headlines are so. The interview with Modi is, as usual, reflective of his clarity of purpose.
Some of his statements are here :
Iron ore is available in abundance in Odisha. But.. the centre is are opposing entry of steel companies into the state. They don’t want the state Government to perform and they place hurdles. This is naturally making the investors jittery…
…the centre went to the extent of unleashing enforcement agencies on those who promised investments in Gujarat at the vibrant Gujarat meet…
In 2012, we plan for 2015….Gujarat which accounts for 5% of the country’s population, accounts for 16% of the nation’s industrial production and 22% exports…
The Government has no business to be in business. It should play the role of a facilitator…
Country can progress only if we end Red Tapism…
….No Red Tape, only Red carpet is my policy towards investors…
How can a state which has above 10% Growth in agriculture be seen to be having a bias towards big business?... Mind you, the national average.. is only 3%.
More than 70% of jobs in India are created by my Government…And that is made possible through a decent delivery mechanism..
I am busy making things better in Gujarat. I am 100 % involved in it…I never spare time for issues outside Gujarat..
The past 10 years have been the first riot free decade in the past 400 years. Look at the recorded history of the state from 1736 and you will see riots breaking out at regular intervals..Has any one heard of even curfew being imposed in any town of Gujarat in recent years?
I have picked up statements which I liked most..The readers may like some others..some readers may like nothing at all…depending on their mindset…
I have no doubt that this man is the MOST EFFICIENT CHIEF MINISTER – in any Indian state, though some more contenders are coming up. Putting an end to Red Tapism is putting an end to corruption too…almost so. Some statements may sound like exaggerations.. they may be.. But, he is entitled to make such statements. Be it agriculture or be it Industry..both are flourishing in Gujarat. The only things not flourishing in Gujarat today are – Corruption, red tape, and riots.
But, Modiji, some like the Tamilnadu CM are intently studying your methods – and could be serious contenders for the top slot in Efficiency soon. Nitishji is another serious contender – but, I only wish, he drops his unnecessary communication gap with you, and others.
We are yet to assess Akhilesh yadav, Mamata etc – for their performance. There has to be a race for progress among states.
But what could be Modi’s weaknesses? I perceive a slight isolationism even within Modi’s own party. It is time Modi reduces his own communication Gap with his Party central leadership – but, the BJP central leadership must make more efforts towards this end too.
There is a section which still spreads the canard of anti Muslim bias. While one agrees with Modi’s policy of no bias, no partiality towards any Group – yet, A CM must adhere to Raja Dharma of Lord Ram. Manifest your love towards all – in many ways and see that people see it and understand it. Honour Dr.Abdul Kalam, who is the favourite of Both Vajpaee and Advani. Honour Amir Khan, the one serious film maker, who is so nationalistic in his ventures. Honour the best of Muslims (entrepreneurs, poets, artistes and so on) from Gujarat itself – even as part of honouring all other best of Gujaratis.
So,…India needs over 24 Modis – one in each state (each with a different name, like JJ, NK etc)- who are constantly focusing on the progress of their states…and who play less Politics…
If there are 120 jobs for 100 people in the state – will you still need Reservations for Minorities or even for SC,ST and BCs? These dividers will vanish on their own – if we get these 24 Modis.
2. FDI IN PHARMA :The party in Government must always be constantly on the look out for improvements in Government functioning. When it does this – it can always find areas for significant improvement. Government has formed an inter-ministerial panel – for finalizing Guidelines for FDI in Pharma sector. In my view, Pharma sector needs no more than 49% of FDI – especially in existing companies. Green field Investments are a different thing. One can go up to 51% there. But, Government needs clarity of thinking in respect of FDI in Pharma sector. Government must insist on a minimum of 25% public participation in every Pharma company (allopathy or ayurvedic) with a capital of over Rs.50 crores.
In other words, these must always be LISTED COMPANIES. De-listing must not be permitted and 25% public participation must always be there in such companies – especially in a sector like PHARMA – wherein public purpose, is very significant and sensitive. There must be independent directors – and prices must be subject to scrutiny of regulators. Some foreign companies especially are prone to price their products sky-high, much beyond the reach of the ordinary patients who need them. Indian Market is Huge and export market for Indian pharma products is much more so. A 49% FDI is good enough attraction to be offered to Pharma companies.
Any way – Government needs kudos – for initiating a process which can bring much needed FDI and better technologies too.
3. HEWLETT-PACKARD : HP is a Huge Fortune 500 company – and is in trouble. It is laying down big numbers of work force. Its New CEO, Meg Whitman says, reviving HP will be challenging. Will it come back on to the track or will it slide down still – is anybody’s guess.
4. COAL PRICES & IRON ORE PRICES : These are coming down in international Markets. COAL INDIA however is not becoming any more efficient. Government must appoint sufficient number of INDEPENDENT DIRECTORS from user Industries on to the COAL INDIA BOARD.
Since NMDC’s iron ore prices are likely to be higher, Indian steel companies may now have option to import the ore at cheaper cost. Why can’t NMDC and Coal India supply adequate quantity at more reasonable prices?
In the mean while, India imports what is available in India in Plenty!
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