Nifty99000 100%

Sensex99000 100%

Article rating: 4.3
Article rating: No rating
Article rating: 2.0
Article rating: 1.5
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: 4.0
Article rating: No rating
RSS

News

India Inc hails Modi’s mantra of perform, reform, transform

Author: IANS/Monday, November 6, 2017/Categories: Government

India Inc hails Modi’s mantra of perform, reform, transform

New Delhi - India Inc hailed Prime Minister Narendra Modi's efforts to facilitate ease of doing business and said his endeavour to 'reform, perform and transform' has helped India jump 30 places in World Bank's report.

Modi met business honchos on Saturday morning where he said: "Our mantra is 'reform', 'transform' and 'perform'."

"We are greatly heartened by Prime Minister's reiteration of the government's commitment to reforms for easing business procedures. His mantra of 'reform, perform, transform' has delivered the notable jump in India's ranking by 30 places to 100 and demonstrated that quantum changes are possible to make a New India," said Chandrajit Banerjee, Director General, CII.

CII appreciated Prime Minister's statement that ease of doing business translates into ease of living life, making processes simpler for common citizens.

"Prime Minister's stress on total reengineering, use of technology and mindset change to reduce excessive control hits the nail on the head," Banerjee said.

Modi said he did not want to "sleep" over the 30 place jump this year - the biggest leap by India ever, and wants to do more. 

The Prime Minister said India would be at an even better place in 2018 ranking since issues raised by traders, businesses on Goods and Services Tax (GST) have been positively accepted by the government. 

The ranking took into account reforms initiated only till May-end, he said. It did not reflect the impact of GST, which was implemented from July 1, he added.

Reacting to Modi's interaction with the business honchos on Saturday morning, Pankaj Patel, President, FICCI said: "It only reflects the government's determination to take bold and far reaching reforms required to transform India into a New India as envisioned by Prime Minister of India".

Congratulating the Prime Minister for the significant improvement in India's ranking Patel said: "FICCI stands committed to Prime Minister's aim of perform, reform and transform to place India amongst the first fifty countries in terms of ease of doing business. There are number of areas where our rank may not have improved significantly but at least the direction is there to make that process more efficient and simpler in terms of compliance."

"Starting a business, construction permits, enforcing contracts, registering property and other such areas needs improvement for the efficient functioning of the business organisations."

"Government should also consider reforms in the area of regulators as they impact the cost as well as ease of doing business significantly," added Patel.

Print Rate this article:
No rating

Number of views (167)/Comments (0)

rajyashree guha

IANS

Other posts by IANS
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free