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

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.

It's been almost one year man. No matter what the budget says, it's a lacklusture government. Proposals in budget will take another year to full roll out, there also there will be delays and these guys will say state problems and whatnot. Fact is he has spent an entire year in show.
 
I am already shifting to New Delhi for Summer to escape my Electricity bills in Telangana.If Arvind Kejriwal becomes PM, i would sit at home and expect him to feed me and my future generations freely for the rest of their natural lives.
:thank_you2:

Quotation-Thomas-Fuller-fool-hell-wise-paradise-Meetville-Quotes-90827.jpg
 
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?

Now you're going tangential. You put across some silly argument that prices were kept low because demand was low and then when that has been proven wrong you're just ranting. Do you even know the difference between basic telephony and 2G?
 
@Guynextdoor2 whats with the change in title man? . Here is a link for you

Seeking to streamline procedure for doing business, the Commerce Ministry has put in place an online system for instant generation of import-export code on submission of documents.

The move would help companies or an individual wanting to enter the trade sector. Import-Export Code (IEC) is needed for shipments.

"This is a major step towards improving ease of doing business in the country. If all the documents are in place, a trader would get the code in a few minutes. Otherwise, if there is a problem, an automatic email or an SMS would be generated and it will be sent to the concerned person," a senior official in the DGFT said.


Earlier it used to take weeks to six months to get this code, the official added.

On February 1, the Directorate General of Foreign Trade (DGFT) made it mandatory to submit online applications for IEC. Within a week, the DGFT has got over 2,500 applications for IEC code.

Federation of Indian Export Organisations (FIEO) said that the move would help in reducing transaction costs for both exporters and importers.

The online submission system would also help the DGFT office to save lakhs of rupees which were spent on renting godowns to store these applications. The Delhi office of DGFT used to get about 60,000 applications per year and one application consists of about 20 pages.

The DGFT has set a checklist for its officials through which they can easily process an IEC application. For example to check PAN and DIN details, officials can verify it from the website of Income Tax Department and Ministry of Corporate Affair’s website respectively.

"The new IEC system will reduce time in grant of IEC as applications with all details and attachments will be cleared quickly. The verification of document has been provided online with authorities like Central Board of Direct Taxes, Ministry of Civil Aviation etc, which will reduce transaction time," FIEO President Rafeeque Ahmed said.

The Commerce Ministry is intensely engaged with different departments, including revenue and shipping, to reduce paper work in a bid to cut transaction cost for exporters and improve the ease of doing business.

The DGFT, under the Commerce Ministry has prepared a report suggesting various ways to improve India's ranking in the World Bank's report of ease of doing business, reduce transactions cost for exporters and boost outward shipments.

The ministry aims at reducing the number of mandatory documents from nine to three (bill of lading, invoice and shipping bill) for exports, and from ten to four for imports.

The government is aiming to improve India's overall ranking in ease of doing business index to 50th position in the next two years from the current 142nd.


Doing business in India gets a bit easier - Rediff.com Business

if the paid media and seculars take their hatred for modi out then they might understand what he is doing. Also you can easily call his entire year as show without understanding a shit
 
It's been almost one year man. No matter what the budget says, it's a lacklusture government. Proposals in budget will take another year to full roll out, there also there will be delays and these guys will say state problems and whatnot. Fact is he has spent an entire year in show.


Depends on what you are comparing it with. Better than the UPA by a mile but also blessed with luck. Inflation is down, the government's revenue is up and that is no mean thing. The government's increase of the excise duty on fuel as also its rationalisation of fuel subsidies including LPG & kerosene are no small things, they will have very good effect on the economy moving forward. I'm not thrilled with the pace of reform but I also do understand that Chidambaram had left the government with a massive fiscal deficit looming. It has taken some work and a massive dose of luck to help there. Parekh is right, there is plenty of impatience and that is good. Better impatience than resignation though, the budget will give a much clearer picture.
 
@Guynextdoor2

The Congress party DELIBERATELY ruined the economy with large fiscal deficit ;
Jayanti TAX ; holding up clearances ; crony capitalism and finally policy paralysis

Repairing the damage takes time

Mr Parekh is just angling for Tax sops in the coming budget
 
@Guynextdoor2 whats with the change in title man? . Here is a link for you

Seeking to streamline procedure for doing business, the Commerce Ministry has put in place an online system for instant generation of import-export code on submission of documents.

The move would help companies or an individual wanting to enter the trade sector. Import-Export Code (IEC) is needed for shipments.

"This is a major step towards improving ease of doing business in the country. If all the documents are in place, a trader would get the code in a few minutes. Otherwise, if there is a problem, an automatic email or an SMS would be generated and it will be sent to the concerned person," a senior official in the DGFT said.


Earlier it used to take weeks to six months to get this code, the official added.

On February 1, the Directorate General of Foreign Trade (DGFT) made it mandatory to submit online applications for IEC. Within a week, the DGFT has got over 2,500 applications for IEC code.

Federation of Indian Export Organisations (FIEO) said that the move would help in reducing transaction costs for both exporters and importers.

The online submission system would also help the DGFT office to save lakhs of rupees which were spent on renting godowns to store these applications. The Delhi office of DGFT used to get about 60,000 applications per year and one application consists of about 20 pages.

The DGFT has set a checklist for its officials through which they can easily process an IEC application. For example to check PAN and DIN details, officials can verify it from the website of Income Tax Department and Ministry of Corporate Affair’s website respectively.

"The new IEC system will reduce time in grant of IEC as applications with all details and attachments will be cleared quickly. The verification of document has been provided online with authorities like Central Board of Direct Taxes, Ministry of Civil Aviation etc, which will reduce transaction time," FIEO President Rafeeque Ahmed said.

The Commerce Ministry is intensely engaged with different departments, including revenue and shipping, to reduce paper work in a bid to cut transaction cost for exporters and improve the ease of doing business.

The DGFT, under the Commerce Ministry has prepared a report suggesting various ways to improve India's ranking in the World Bank's report of ease of doing business, reduce transactions cost for exporters and boost outward shipments.

The ministry aims at reducing the number of mandatory documents from nine to three (bill of lading, invoice and shipping bill) for exports, and from ten to four for imports.

The government is aiming to improve India's overall ranking in ease of doing business index to 50th position in the next two years from the current 142nd.


Doing business in India gets a bit easier - Rediff.com Business

if the paid media and seculars take their hatred for modi out then they might understand what he is doing. Also you can easily call his entire year as show without understanding a shit

I'm sure Parikh is as impressed with this as you. Unlike you he is not some random internet former. he just happens to know more about this than any of you will. Or are you now going to say that this is some conspiracy by anti modi people/ parikh is too stupid etc.?
 
Depends on what you are comparing it with. Better than the UPA by a mile but also blessed with luck. Inflation is down, the government's revenue is up and that is no mean thing. The government's increase of the excise duty on fuel as also its rationalisation of fuel subsidies including LPG & kerosene are no small things, they will have very good effect on the economy moving forward. I'm not thrilled with the pace of reform but I also do understand that Chidambaram had left the government with a massive fiscal deficit looming. It has taken some work and a massive dose of luck to help there. Parekh is right, there is plenty of impatience and that is good. Better impatience than resignation though, the budget will give a much clearer picture.

Well Parikh is not saying this if he was not extremely concerned right? If it was win some, lose some he wouldn't have been drastic about his statements right? Industry as a whole seems increasingly disgruntled. Fuel subsidy reform alone won't revive economy. Plus a lot of the economic gains have happened because of low fuel prices, not otherwise.
 
@Guynextdoor2

The Congress government had left the economy in a rudderless and directionless state

With both domestic and foreign investment declining

The BJP government is doing the the job in a sincere and systematic manner
 
Now you're going tangential. You put across some silly argument that prices were kept low because demand was low and then when that has been proven wrong you're just ranting. Do you even know the difference between basic telephony and 2G?

Proven wrong? Hardly. Take a deep breath & come back to discuss with me. Not interested in a rant contest.
 
Depends on what you are comparing it with. Better than the UPA by a mile but also blessed with luck. Inflation is down, the government's revenue is up and that is no mean thing. The government's increase of the excise duty on fuel as also its rationalisation of fuel subsidies including LPG & kerosene are no small things, they will have very good effect on the economy moving forward. I'm not thrilled with the pace of reform but I also do understand that Chidambaram had left the government with a massive fiscal deficit looming. It has taken some work and a massive dose of luck to help there. Parekh is right, there is plenty of impatience and that is good. Better impatience than resignation though, the budget will give a much clearer picture.
Also important bills like Insurance bill and others are yet to be passed by parliament( hopefully in Joint sessions) then these things will have a good effect on economy too though one have to wait for atleast 15 month before judging govt.
 

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