India is over regulated, because the govt official need bribe. All these are well thought before putting into LAW. I have visited 3-4 other countries, but regulations are not as strict as India. Law is strict, not the regulation. For e.g getting a Canada visa is way easy, but getting an indian passport is very tough. I wish the over regulation reduce the corruption, but its other way round. Over regulation increases corruption day by day. Just pay Rs 5000/- you will get passport in few days !!! Crap system.
Re: Regulation
by partha sarathy on Jan 29, 2011 06:05 AM
which Prime minister man?The 2G gentleman?India is demo cracy! country.Most of the law breakers are now law makers.
I can read some of my fellow Indian' patriotic feelings on how the above survey is biased and why India is good etc etc... Ok... I agree ..any surveys are funded and biased to some or others... But we must check th reality as well and to me, it is no surprising that India ranks on top in over-regulated country. I am a bizman from Mumbai and I know how difficult it is to do even smaller things inside your own business premises. For example, in a Industrial unit, one can not have a overhead water tank ..instead you can use a drum or so.... similarly, there are are tens of more such tiny rules which gives ways for the corrupt bureaucracy to demand bribes for doing something very normal. The biggest isue of our time i.. "corruption" is actual a by-product of these box of rules-regulations. Rules-regulations should be at the macro level and if they entr your home and office for checking how your cabinet is placed and how your water tank is paced , it is all gone.
Infact, just check with someone on what it takes if someone wants to wind up his/her private limited company and he will tell you..it is correct..it may take years..
In India RBI rules are strict and banks have shown great amount of prudence, The banks are not state controlled like china, on the contrary they do not always heed RBI’s recommendations.
Re: Inidan banking system survived and world banking system colla
by sam puzhakkal on Jan 29, 2011 05:53 AM
The country whose banking system not only didnt collapse, but thrived is Canada.
Infact the other developed nations have agreed to take Canadian Banking system as a blueprint to benchmark their own financial system against and to implement changes to make theirs as robust as Canadian Banks.
Re: Result is before everyone
by nationalist on Jan 28, 2011 09:27 PM
Well, US will come up and running and we will be still talking about becoming world power after 50 more years also. US with recession is any day better that Booming India.
Re: Result is before everyone
by Loga on Jan 28, 2011 05:52 PM
Very well said. In India RBI rules are strict and banks have shown great amount of prudence, The banks are not state controlled like china, on the contrary they do not always heed RBI’s recommendations.
The worlds language is the reflection of what the democracy is implemented in a country. Now the fact revealed that the over-regulated nations such as India being on the sky is a demolition to the system and the mechanism generating the results. The only words to say our nation is WAKE UP.
Re: World Speaks
by Avinash on Jan 28, 2011 05:42 PM
Open your eyes... Hong Kong(China) based group gives the report , communist r saying India is over regulated ....thats a joke n irony
Re: Re: World Speaks
by Shax on Jan 28, 2011 05:46 PM
Remember currently the worlds strongest economic countries is china not US or UK. The results are the findings of a matured and developed country. Infact the truth is exposed.
Re: World Speaks
by Pratham Patil on Jan 28, 2011 06:29 PM
I can read some of my fellow Indian' patriotic feelings on how the above survey is biased and why India is good etc etc... Ok... I agree ..any surveys are funded and biased to some or others... But we must check th reality as well and to me, it is no surprising that India ranks on top in over-regulated country. I am a bizman from Mumbai and I know how difficult it is to do even smaller things inside your own business premises. For example, in a Industrial unit, one can not have a overhead water tank ..instead you can use a drum or so.... similarly, there are are tens of more such tiny rules which gives ways for the corrupt bureaucracy to demand bribes for doing something very normal. The biggest isue of our time i.. "corruption" is actual a by-product of these box of rules-regulations. Rules-regulations should be at the macro level and if they entr your home and office for checking how your cabinet is placed and how your water tank is paced , it is all gone.
Infact, just check with someone on what it takes if someone wants to wind up his/her private limited company and he will tell you..it is correct..it may take years..
Re: Re: World Speaks
by richardwong1981@rediffmail.com on Jan 28, 2011 10:12 PM
Pratham, I do support you. Many of indians are like chinese people's reaction to outsider's(foreign) critic comments 10 years ago. Now common chinese are not so "patriotic" to these comments. It's really sad for indians if you can not accept criticism. I do admit this report makes some sense from my own experience. I would rather top our china in No. 1 though it may belong to india. In fact it doesn't matter between No.1 and No.2.
BTW, if you ask common chinese, they would not give thanks to over-regulation of banking industry when financial crisis is overcomed. Most of us do support banking reform while you indians sleeps in the success of the past.
As a chinese, i do admire Hongkong's professionalism. If you take a look at the univeristy ranks in the world or asia, you can see Hongkong's power or credit. They deserve it because they are much more honest and earnest in profession. -IIT or mainland chinese universities? Not even in asia. I am not proud of Hongkong's scholarship cos it means a shame for mainland chinese universities. But chinese do admit Hongkong's leading position. By contrast, do you have guts to admit it? Many of indian people just label it with the nationality to cover their ignorance. It's sad for some indians. Your heart are not big enough and your mind are not open enough.
Re: Americans
by Prasenjit Dutta on Jan 29, 2011 09:02 AM
My friend Ravi, i don't know why we blame others like America rather than looking at ourselves. Tell me wat our own countrymen,our government officials are doing for common man. Moreover, who knows if India would have been in such a position where America is today would not be more arrogant or fraud. At least they take care of their people.
Re: Americans
by Navi Reyd on Jan 29, 2011 05:43 AM
That is why they are the sole super-power on earth, and the maximum number of applications for immigration to America come from India!
Re: Re: Americans
by partha sarathy on Jan 29, 2011 06:10 AM
It is not the love on america.survival man.Having born in this world life must go till end.Take a census of migration.Majority migrators are from one intelligent community who are suppressed in india.The result india will face brain drain soon.
Re: Re: Re: Americans
by Navi Reyd on Jan 29, 2011 07:20 AM
Whatever maybe their reasons, survival or otherwise, so many Indians would not choose to migrate to America if it was such a bad country.
