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''Vested interests curb reforms''


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AswathaKumar
Vested Interests
by AswathaKumar on Aug 29, 2005 02:23 PM

Vested interests has made Tata's who were the country's fore runner's in many business ventures allowed to expand conservatively during the post independence days or Congress Raj. The story is just repeating and industry even with global outlook is likely to get suffocated with the unbusinesslike attitude of CMP protogonists.



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Tata
Look who is talking...
by Tata on Aug 29, 2005 09:26 AM

Look who is talking..Mr. Tata as they say charity begins at home..talking of vested interests we are sure that you are aware of the 'vested interests' in your organisations like TCS wherein the top management is being reduced to a 'family affair'

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Anupam
What's good for the goose...
by Anupam on Aug 29, 2005 08:42 AM

I have immense respect for Mr. Tata. However, if someone could remind him of what VSNL is guilty of doing - eg. restricting access to bandwidth for other Submarine Cable Owners, thereby slowing the pace of cheap bandwidth availability in India. VSNL controls the landing stations and charges very high rates for letting other Telecom Service Providers using them. It is able to do so because it has inherited this monopolistic infrastructure from the GoI.

If Mr. Tata could explain why he is unable to provide the use of his landing stations - in the good of the nation, as it would help reduce the costs to BPO companies, thereby making them more competitive and enabling them to create more jobs, as an example - to open up competition in the Telecom Service sector, I would be less sceptical when listening to him, as he compains about vested interests in the private sector hampering the pace of India's reforms.

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Chander Dhanda
Bravo Mr Ratan Tata
by Chander Dhanda on Aug 27, 2005 05:56 PM

Hats off to Mr Ratan Tata for always speaking from his heart for all that is in the best interests of the country unlike other industialists who think , talk , discuss always of their own interests forgetting the interests of the country as a whole.He is a truly born nationalist. Alas we have only one Mr Ratan Tata - wish we have few more like him.

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sudhirsuri
bharat ratna for tata
by sudhirsuri on Aug 27, 2005 10:44 AM

i think mr tata should be get bharat ratna or a coveted award.

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Pradyumna Pandey
Labour reforms
by Pradyumna Pandey on Aug 27, 2005 12:18 AM

A lot is being said about labour reforms.
A lot of people who are talking are those who have never had to cope with job loss or do not anticipate of doing so in near future.
People have been ignorant.
Many large profit making companies are resorting to forced retirement under the guise of VRS. Firstly this is illegal. But if workers protest, they are branded as against productivity.
We compare ourselves with the United States of America. We say that there anyone can be fired and told not to come the next day. This is one side of the story.
In the US, there is something called social security. A person losing a job is paid a substantial amount till he remains unemployed from a fund like PF. Employees are paid so well that despite the heavy deduction of taxes and premiums for such funds employees enjoy very good salaries.
In the developed countries, unemployment is generally below 3-4 % and most people can do two jobs simultaneously if they have the energy and inclination. Losing a job is no big deal.
In the US, if you want you can start a business with easily available loans. Government agencies are so efficient that your business starts running within a week. Not so in India

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sekar
Vested interests hurting reforms
by sekar on Aug 26, 2005 11:28 PM

I cannot agree more with Mr.Tata's observations -only wish to add that vested interests are equally present amidst the bureaucracy,politicians and the public sector too,apart from the private sector.Reforms benefit the honest and the industrious while it hurts the rent seekers and the lazy.Unfortunately for India,the numerical strength of those who want "something for nothing" far exceeds those who believe that what they get should be "earned by their production/productivity".There lies the cause for pessimism about India's future among those who are objective.

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Sunil D. Yande
Vested interests curb reforms
by Sunil D. Yande on Aug 26, 2005 11:02 PM

Mr. Ratan Tata has hit the nail on the head by stating what India has always been lacking in the central leadership.

A firm conviction, a clearly stated "mission statement" and a well thought-out and consistently pursued long-term policy has been found lacking for decades.
And there is hardly any hope in sight. The BJP had a chance of a lifetime to pursue some of the loftier goals, but it abandoned them in light of the "next election" and lost it anyways.

When will the "leaders" realize that some of the basic steps are required to be taken regardless of the following - as some essential reforms (like liberalisation) are hard to reverse, once set in motion.

The basic thought and the urge to implement itself is lacking. What remains are the "short term" reactions to events and policy nudges strong-armed by vested interests.

Sunil






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Sreedhar
VSNL?
by Sreedhar on Aug 26, 2005 10:52 PM

What about monopolistic practices of VSNL, Mr Tata? And
whom should we blame for performance of TATA vehicles?
Until Volvo and likes have come and demonstrated to Indians what quality is, you were milking Indian customers.
Blaming govt is easy. Being part of positive change isn't.
We don't want posco to consume our iron ore. Only Indians have a right to exploit Indians. One saving grace is idea of 1 lakh car. We need 10s of such ideas to justify the adulation TATA group recieves.

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