Re: Opposite???
by adrshkan on Jan 28, 2011 11:04 AM
Yes an Over-Regulated, Most Corrupted and Third world poor country will always be the most safest and a heaven for Corrupt politicians.
This is what we dumb Indians want and we always love to live in slums without jobs and foreign investment.
Mind set of our bureacrats was earlier British affected and after independence it has tilted towards socialistic pattern, somehow congress could not eradicate poverty in last 60 years by way of befooling people and eating money by govt. servants and politicians. Drastic reforms are required, but no one is interested as it suits to govt. servants.
It takes one and half month to register property !!!! This is wrong , go to register's office , bribe , you can register within a day , you hold property or no does not matter , Same for driving licence , Man is existing or not , Indian , Paki , Bangaladeshi , gets Ration Card licence etc. with bribe friend.
Look Folks. You should be thankful that there are lot of wise people who are sitting and regulating the industry i.e financial and many more thereby protecting the common man in this country. The ratings come from the US and the worst financial crisis happened there due to no oversight and regulation. Thanks to better regulation, Indian Financial Industry was shielded from the Crisis.
Regulation is important and we must grow at a slow and steady pace, not like a cowboy capitalist manner.
Learn to live with regulation. We are not a Cowboy Capitalist country. We are a Socio minded Captialist country.
Re: Regulations are Important
by Northern Barbarian on Jan 28, 2011 09:23 AM
U must be from the miniscule minority that gains from these regulations. You must be a sidekick/relative of some neta/babu or some crooked so called businessman.... b e h e n c h o d s....
Re: Regulations are Important
by nagendra singh on Jan 28, 2011 09:44 AM
Problem is not regulation but inter mediator who are sit for bribes.Here regulation is not a problem but corruption is main cause for slow regulation,not even regulation but everything is slow like growth,progress,to remove poverty,improve education,to remove corruption,to provide basic necessities,reason is this government is run by old,lazy and corrupt people,who only know sleeping and eating
Re: Regulations are Important
by Venkatesh Umapathy on Jan 28, 2011 09:41 AM
Dear Indigo, Do you realise that a single bureaucrat wields more power that a large industrial house in this country ? Regulation is necessary for corruption. The license raj is here to stay so that our officials and politicians can amass wealth for generations. We cannot distribute more that what we produce. Simple as that.
Re: Regulations are Important
by piri on Jan 28, 2011 11:17 AM
We are not a 'Cowboy' capitalist country: could be true (whatever that term is supposed to mean).
What we certainly are is a 'crony capitalist' economy !
The problem does not lie in regulation, but in transparency and enforcement, a case in point being of course the spectrum scam. A developing country like India has to have regulations to avoid getting swamped by fly by night operators, but transparency and fairness in transactions and dealings should be ensured.
Most regulations in India are not really regulations for any good. Most of it is temporary or non-existant rules created by corrupt bureaucrats and politians to extract money from unsuspecting gullible applicants.
Re: Regulations? My foot !
by Northern Barbarian on Jan 28, 2011 09:10 AM
Exactly! These netas are the worst. They are responsible for taking india to the bottom of the pile of banana republics. The netas screw up india only after these glorified babus.
Re: Re: Regulations? My foot !
by Northern Barbarian on Jan 28, 2011 09:16 AM
Sorry, i meant the babus. WTF!. Netas and Babus - they r two sides of the same dirty coin.
Re: Regulations? My foot !
by Butyl Sulphonate on Jan 28, 2011 09:10 AM
Correct. Despite the so-called regulations, corruption is galore !!! There is no control over the situation. Regulation has no direction and leads us to no-where.
