climate will not improve without breaking the nexus between corrupt govt officials and contractors in all dapartments. check the condition of roads, electricity, drainage, law & order, transport system, PDS, Gas Cylinder connection, RTO, Govt Banks, various govt social welfare schemes, GOVT SCHOOLS, Health System, POPULATION CONTROL, JUDICIARY SYSTEM and many more. all are in pathetic conditions. though we pay heavy taxes.
No doubt minister Mr.piyush goyals ambitious projections and expectations are commendable.However Govt shld try sincerely to improve position of power,infrastructure,Railway network etc by installing confidence in the investors,by offering tax incentives and encouraging companies with good management and integrity to come out with New IPOs.investors confidence and trust in IPOs lost because hundreds of fly by night companies promoted by popular personalities like. ALL SEASON FOODS& even secured DEBENTURES offered by AMRUT INDUSTRIES to cite a few but many closed the company operations siphoning investors funds ,of course all this prior to SEBI s inception.At least this present New govt shld initiate action against those company managements for duping the investors or at,east shld force the said defaulted companies not quoting on stock markets to purchase the shares from investors directly by companies.otherwise investors are held up with lakhs worth of shares purchased prior to 1995 ,now worthless on account of no control on COMPANIES and hundreds of black sheep may be with active support of politicians& bureaucrats that time used to come out with IPOs with impunity and disappeared.Even GLOBAL TRUST BANK promoted by a financial wizard also duped the investors and many are still holding GTB shares in hundreds and thousands which show be given NOW THE SHARES OF ORIENTAL BANK OF COMMERCE 'as 10 yes passed since GTB merged with OBC.Hope Govt,finance ministry,SEBI
Re: improving th investment climate by govt
by pravin sarode on May 22, 2015 07:55 AM
GLACIERS MELT water flow in full speed in LIDER CHENAB ZELUM RAVI SATLEJ RIVERS but only 10 percent of HYDRO ELECTRICITY is generated out of water which could have brighten India as well as Pak say some wise men in KASHMIR so Govt must take help of such wise men to set up small HYDRO ELECTRIC GENSET so that power grid will have excess power to cater for any load
But at what cost . Pleasing industrialist removing poor/ middle class friendly clauses from the land whistle blower and Builder Bill. Reducing the tax on corporate's and passing the burdened to poor and middle class. Govt should have strike the balance between the two but they are tilted heavily towards one part of socity
