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Deepak Parekh Signals India Inc's Impatience, Says PM Modi Has Had 'Lucky 9 Months'

Yeah, problem is that these astronomical sums you're quoting, not one penny will be paid by Reliance or any other company. They will retrieve all from consumers- the more they bid, the more we pay. It's as simple as that. There is a reason why certain commodities- 1G spectrum, certain blocks of coal etc. need to be kept out of auctioning, especially when a country lacks basic electrification. In any case, at least if we were sure that the money is going to be used for public good we could have accommodated it. With modi ignoring corruption, you can expect much of it wasted/ divided between the higher ups as personal property.
You are basically in favor of distributing coal blocks for free rather than auction process which earns capital for the govt due to some weird unsubstantiated assumptions. CAG, MMS ,Courts have disagreed on that,Their isn't any economic sense in your arguments or indication of things you are suggesting.
 
You are basically in favor of distributing coal blocks for free rather than auction process which earns capital for the govt due to some weird unsubstantiated assumptions. CAG, MMS ,Courts have disagreed on that,Their isn't any economic sense in your arguments or indication of things you are suggesting.

Your argument shows little economic sense actually. When mobile phones were introduced ABVP took the decision of lending out 1G spectrum for fixed fees rather than auction. As a result we have some 700 Million connections. Some things are 'basic' so you don't auction them. Then there are not basic (2G. 3G etc.) that you do auction. BTW Revenue for govt. is good only as long as they use it for public good, not when corrupt ministers bant ke khayein all the cash.
 
Your argument shows little economic sense actually. When mobile phones were introduced ABVP took the decision of lending out 1G spectrum for fixed fees rather than auction. As a result we have some 700 Million connections. Some things are 'basic' so you don't auction them. Then there are not basic (2G. 3G etc.) that you do auction. BTW Revenue for govt. is good only as long as they use it for public good, not when corrupt ministers bant ke khayein all the cash.
Out of the 60k crore bid till now around 50k will go to the states where these mines are, you can rubbish all you want these auctions but 3G auction did generate a good sum for the govt and users are paying for it too and is not very expensive.
 
Out of the 60k crore bid till now around 50k will go to the states where these mines are, you can rubbish all you want these auctions but 3G auction did generate a good sum for the govt and users are paying for it too and is not very expensive.

3G is not 'basic telephony' so auctioning it makes sense. At least read my posts before responding. Anyway this entire debate is redundant. As if you guys know more than Parikh what the ground realities are.
 
Your argument shows little economic sense actually. When mobile phones were introduced ABVP took the decision of lending out 1G spectrum for fixed fees rather than auction. As a result we have some 700 Million connections. Some things are 'basic' so you don't auction them. Then there are not basic (2G. 3G etc.) that you do auction. BTW Revenue for govt. is good only as long as they use it for public good, not when corrupt ministers bant ke khayein all the cash.
Again your assumptions ,lets stop all business activities bec netas are looting us ,that will lead us to the path of double digit growth rates not policy paralysis ,sub 5% growth rates or rating degradation.Coal is a natural resource which we are importing( even though we have substantial stocks) due to the said policy which you have just justified.Anyone can see the economic sense.
 
Again your assumptions ,lets stop all business activities bec netas are looting us ,that will lead us to the path of double digit growth rates not policy paralysis ,sub 5% growth rates or rating degradation.Coal is a natural resource which we are importing( even though we have substantial stocks) due to the said policy which you have just justified.Anyone can see the economic sense.

That's not assumption, that just happens to be the reality.
 
Yeah, problem is that these astronomical sums you're quoting, not one penny will be paid by Reliance or any other company. They will retrieve all from consumers- the more they bid, the more we pay. It's as simple as that.

Which is how it should be. Users must pay. If they can get it cheaper from elsewhere, you think they will be bidding?
 
Ease of business is the single most important problem in India. in any case that comment came later. he is talking generally:

"After nine months, there is a little bit of impatience creeping in as to why no changes are happening and why this is taking so long having effect on the ground," Mr Parekh, who is a leading industry voice, told PTI on Wednesday

The lack of change in ground realities has been signaled by other industry leaders too. Earlier this month, R. Shankar Raman, CFO of L&T said, "India Inc, while it continues to be aspiring, is still on the wait and watch mode, waiting for these (government) policies to become sustainable businesses opportunities."

You'r whitewashing is looking increasingly silly. No one has any confidence in him anymore.

Sadly you remained biased and selective, they are complaining about overall lack of ease in doing business in India, probably barring a handful of states.

Leave aside industry, army needs some 1528 acres of land in north Bengal for the mountain strike corps, the land, being close to the China and BD border and Shiliguri corridor, is very important for the security of our nation. Mamata is refusing to give it. The point is, state govts. must be cooperative for successful implementation of central govt. policies.

Mr Parekh said the optimism about the Modi government is not translating into revenues and there has been little improvement on 'ease of doing business' front so far.
The veteran banker added that PM Modi's ambition "Make in India" initiative cannot succeed unless it is made easier for people to do business here and the decisions are fast-tracked.
 
3G is not 'basic telephony' so auctioning it makes sense. At least read my posts before responding. Anyway this entire debate is redundant. As if you guys know more than Parikh what the ground realities are.
I do not disbelieve him, but there are many things which have been done to improve the mood and it's not just the feel good factor.

However, it will take time. if you are one of those Modi haters then you would expect result in a fortnight and even in - year.
 
Your argument shows little economic sense actually. When mobile phones were introduced ABVP took the decision of lending out 1G spectrum for fixed fees rather than auction. As a result we have some 700 Million connections. .

Obfuscation, when ABV government was offering spectrum, the demand for it was not as much as later. every policy has to make sense for the time it is implemented in. For the UPA to use that method on that pretext was simply a way for some ministers of the DMK to enrich themselves.
 
Sadly you remained biased and selective, they are complaining about overall lack of ease in doing business in India, probably barring a handful of states.

Leave aside industry, army needs some 1528 acres of land in north Bengal for the mountain strike corps, the land, being close to the China and BD border and Shiliguri corridor, is very important for the security of our nation. Mamata is refusing to give it. The point is, state govts. must be cooperative for successful implementation of central govt. policies.

No, they are talking about overall economy. You are being selective because you want to whitewash. They have clearly said 'modi has survived because he has had a lucky 9 months'. And why are you bringing in excuses now? Modi was given such a big mandate, if he fails you now want to transfer blame to state? Congress didn't take money on 2G- it was DMK, are we extending the same logiC there? Modi is incompetent and is not working, THAT IS THE FACT.

Obfuscation, when ABV government was offering spectrum, the demand for it was not as much as later. every policy has to make sense for the time it is implemented in. For the UPA to use that method on that pretext was simply a way for some ministers of the DMK to enrich themselves.

RIDICULOUS. This is not a demand led thing. This is policy. The prices were kept low so that people can adopt more telephony which was considered essential for future growth, not the other way around.

I do not disbelieve him, but there are many things which have been done to improve the mood and it's not just the feel good factor.

However, it will take time. if you are one of those Modi haters then you would expect result in a fortnight and even in - year.

Problem is that you are enamored with 'mood', which is a short runt thing, and industry knows policy changes and not just mood are needed for long run things. It'll be a year soon, his report card his bleak.
 
On topic please.

I have said before that the quote from Arun Shourie about this government has held - "when all is said & done, there is more said than done". The budget in under 10 days from now will decide pretty clearly, whether this government is walking the talk or merely talking the walk.
 
RIDICULOUS. This is not a demand led thing. This is policy. The prices were kept low so that people can adopt more telephony which was considered essential for future growth, not the other way around..

Ridiculousness is the depths you are now plumbing into. The only thing that policy under the UPA achieved was to make some corporates & ministers very rich. Policy my foot. MMS wanted auctions, you think he didn't understand economics?
 

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