Wednesday, May 22 2019 | Time 14:15 Hrs(IST)
image
  • Austrian president consoles public in wake of coalition gov't collapse
  • Stage set for counting of votes in Telangana tomorrow
  • SC stays BJP candidate's arrest till May 28
  • Huge explosion rocks Mogadishu, casualties feared
  • Yemen's Houthi rebels launch fresh drone attack on Saudi Najran airport
  • Local Taliban leader among 16 militants killed in Afghanistan
  • No IED blast on LoC, soldiers injured in training event in Poonch: Army
  • Five militants killed in Eastern Afghan province airstrike
  • 12 Bangladeshi peacekeepers to be honoured by UN on May 29
  • SC to hear Barrackpore BJP candidate petition today
  • Boeing 737 Max: China's top airlines seek compensation
  • EVM result should be verified with VVPATs : Dinesh
  • Indian runner Gomathi fails dope test, suspended provisionally
  • Indian runner Gomathi fails dope test, suspended provisionally
  • Visva Bharati University students gherao VC and teachers demanding restoration of 2018 fee structure
India


Trust between government & business stands eroded: Manmohan

Trust between government & business stands eroded: Manmohan

New Delhi, Mar 15 (UNI) Lamenting that the business community in the country has been made to feel the wrath of coercive agencies, former Prime Minister Manmohan Singh on Friday said that the trust between the governemt and the business stands eroded.



Speaking at the Hindu Business Line Changemaker Awards 2019 here, Mr Singh said that a hostile narrative had been built which would sap not only the confidence of India’s own business leaders but also create doubts in the mind of foreign governments and business leaders.



‘’Of late, many negative perceptions have been manufactured about business leaders; the business community, big and small, has been made to feel the wrath of coercive agencies. A hostile narrative has been built; this will sap not only the confidence of our own business leaders it will also create doubts in the mind of foreign governments and business leaders.

Honest businessman and genuine entrepreneur must never be allowed to feel harassed by the petty revenue officials. Unfortunately, Trust between the government and the business stands eroded,’’Dr Singh said.





Noting that the country has remained alive to the need for change and has progressed and prospered whenever change had been recognised and promoted , Dr Singh said,’’societies grow and progress when creativity is encouraged to challenge the status quo.’’

At the same time, he said it was vital to prepare all stakeholders for the coming change; “because changes produce some disruption, some pain, and considerable discomfort’’.



‘’It becomes, then, the task of the statesman to take the citizens into confidence and explain to them the need for change. It is never easy to make citizens accept deprivation, even temporary.





And, it is important for the change-maker to have faith,’’Dr Singh said.

Dr Singh said that no innovation, especially in the public policy realm, could succeed without a reasonable consensus about it.



‘’We have opted for a democratic path for ourselves. There is no room for authoritarian impositions from above.



Perhaps I may be allowed to add that it is the responsibility of the political leadership to temper the harshness of change, especially for the more vulnerable sections of our society. And, a change becomes acceptable as a social policy when it is seen as fair and equitable. Our social compact must be seen as just and even-handed,’’Dr Singh said.





Referring in this regard to the economic reforms initiated by him as Finance Minister in 1991, he said,’’ with all humility at my command, I wish to suggest that we could change a few things in 1991 because some of us had faith in India, and Indian people. Perhaps it was a faith in our old fashioned nationalism. Without that faith in the ability of the Indian people to absorb and appreciate change, the 1991 story would not have happened. The Economic Reforms of 1991 began the process of change, a process that had been carried on by successive governments.’’





In 1991, Mr Singh as the finance minister played a pivotal role in transforming Indian economy by opening doors for private sectors, foreign investors and liberalising the license raj.



Describing India as “a young nation but an old society”, Dr Singh said,’’since ancient days we experienced a collective strength and confidence when we remained alive to the need for change; we progressed and prospered whenever we could recognise and promote change, and we moved forward when the society and the administration facilitated the work of the potential change-makers.



And, when in our long march we faltered, it was because our social order had become stagnant, and we became too comfortable with status quo and, consequently, discouraged change, innovation, invention and discovery.’’



UNI ASH AR 2104

More News

Makers release new poster of Vivek Oberoi starrer 'PM Narendra Modi'

22 May 2019 | 2:11 PM

New Delhi, May 22 (UNI) The makers on Wednesday released a new poster of Vivek Oberoi starrer 'PM Narendra Modi'.

see more..
SC to hear Barrackpore BJP candidate petition today

SC to hear Barrackpore BJP candidate petition today

22 May 2019 | 1:54 PM

New Delhi, May 22 (UNI) Supreme Court on Wednesday decided to hear the petition of Barrackpore BJP candidate Arjun Singh seeking an urgent hearing for bail in the cases allegedly slapped with political vendetta against him by West Bengal Police.

see more..

Delhi: 2 labourers die after inhaling poisonous gas in sewage tank

22 May 2019 | 1:29 PM

New Delhi, May 22 (UNI) Two labourers died after inhaling poisonous gas while cleaning a sewage tank at Lawrence Road here.

see more..

India's medical care: Delineating an effervescent metamorphosis

22 May 2019 | 1:13 PM

By Rishira Jain New Delhi, May 22 (UNI) Health is the greatest possession. Contentment is the greatest treasure. Confidence is the greatest friend....the iterate from Laozi's Tao Te Ching presses home health system as of paramount importance, particularly in India, to reinvigorate within the shadow of its services.

see more..

ED issues gag order, bars officials to interact with media

21 May 2019 | 9:36 PM

New Delhi, May 21 (UNI) The Enforcement Directorate (ED) on Tuesday issued a gag order, prohibiting its officials to interact with media.

see more..
image