What is your opinion on the outcome of elections 2014?
People of India have conveyed to the world that democracy is a strong system to govern the country with the participation of everyone. They have avoided fractured verdict this time and voted for a strong government. The regional and parochial issues have been sidelined and the national interest has taken the central seat with aspirations of emerging as the leading nation within the world community.
This also throws a challenge. Once during 1991 era, we relaxed the License Raj and it is high time that we should get rid of Permission Raj in the process of development especially in real estate sector by formulating transparent procedure of governance. The whole bureaucracy is demoralised and there is no accountability for taking quick and fair decisions. The people hope that decisions will be expedited, transparency will increase and opportunity for nation building will now be more wide and the elected government will act fearlessly without any inhibitions.
‘Achche din aanewaale hai’, said Modi. What is your opinion on the same?
This is a very big challenge to surpass the level of performance of the outgoing government. During the last decade, our country was the second fastest growing economy in the world. There was no shortage of commodities. Even after failure of manufacturing sector, the operations were improved by emergence of the agricultural sector.We already have a muscle power globally in the
service sector. We hope that during the tenure of this government, we will create some universities and centres of knowledge which may be counted among top fifty or hundred when graded globally. At present, we have not even one such centre within 200 which speaks about our state of affairs in helping our human resource grow and become stronger. Good governance and strengthening of infrastructure in all fields is now the
need of the hour.
The outgoing government has left good stock of foreign exchange and has reduced the gap of continuing budget deficits. Now, the national tax kitty is very big. With all the deficiencies and inefficiencies, the outgoing government has left an attractive wicket to score for the present government. Our hopes with the new government are very high and performance level should also be very high, only then only good days will come.
Do you think we spend enough on R&D in country’s defence sector?
Our whole resources are drained out in energy and defence equipment imports only. This is the time that we should go for research and development in order to become a stronger nation. The developments in the field of satellite launching and recent successful experiments in defence equipments give hope and this is the time when we should go ahead and in the process strengthen our strength and economy both.
What do you have to say about the eradication of tax system module and introduction of a taxation policy based on transaction?
On taxation front, we successfully created sizeable revenues for the state and the success of the service tax factor is an excellent attempt. With big financial recourses coming, individual direct taxes should be simplified and harassment of the citizens must be removed. Tax system needs rationalisation and improvement.
What are your expectations from the Modi government?
We expect that the new government will operate fast with full confidence and increase productivity, strengthen the economy, create more employments, attract higher paid jobs from the world market. There should be a complete support for facilitating world-class
educational institutions and developing medical centres as the hub of medical tourism and as an economic instrument in view of the strong work force and capacity to deliver efficient but cheap medical facilities not only to the Indians but, to the foreigners who are already looking towards India. We hope that better days will come through these routes only.
What is your take on reduction in the price of the dollar?
It is very early to comment on the rupee-dollar relationship. However, unless we strengthen our manufacturing, increase exports and decrease dependence on imports, we must keep the value of a dollar between 55-60 rupees per dollar and at the same time, strengthen the manufacturing of goods particularly in communications, defence and others and develop alternative source of energy in order to stabilise our currency value.
People of India have conveyed to the world that democracy is a strong system to govern the country with the participation of everyone. They have avoided fractured verdict this time and voted for a strong government. The regional and parochial issues have been sidelined and the national interest has taken the central seat with aspirations of emerging as the leading nation within the world community.
This also throws a challenge. Once during 1991 era, we relaxed the License Raj and it is high time that we should get rid of Permission Raj in the process of development especially in real estate sector by formulating transparent procedure of governance. The whole bureaucracy is demoralised and there is no accountability for taking quick and fair decisions. The people hope that decisions will be expedited, transparency will increase and opportunity for nation building will now be more wide and the elected government will act fearlessly without any inhibitions.
‘Achche din aanewaale hai’, said Modi. What is your opinion on the same?
This is a very big challenge to surpass the level of performance of the outgoing government. During the last decade, our country was the second fastest growing economy in the world. There was no shortage of commodities. Even after failure of manufacturing sector, the operations were improved by emergence of the agricultural sector.We already have a muscle power globally in the
service sector. We hope that during the tenure of this government, we will create some universities and centres of knowledge which may be counted among top fifty or hundred when graded globally. At present, we have not even one such centre within 200 which speaks about our state of affairs in helping our human resource grow and become stronger. Good governance and strengthening of infrastructure in all fields is now the
need of the hour.
The outgoing government has left good stock of foreign exchange and has reduced the gap of continuing budget deficits. Now, the national tax kitty is very big. With all the deficiencies and inefficiencies, the outgoing government has left an attractive wicket to score for the present government. Our hopes with the new government are very high and performance level should also be very high, only then only good days will come.
Do you think we spend enough on R&D in country’s defence sector?
Our whole resources are drained out in energy and defence equipment imports only. This is the time that we should go for research and development in order to become a stronger nation. The developments in the field of satellite launching and recent successful experiments in defence equipments give hope and this is the time when we should go ahead and in the process strengthen our strength and economy both.
What do you have to say about the eradication of tax system module and introduction of a taxation policy based on transaction?
On taxation front, we successfully created sizeable revenues for the state and the success of the service tax factor is an excellent attempt. With big financial recourses coming, individual direct taxes should be simplified and harassment of the citizens must be removed. Tax system needs rationalisation and improvement.
What are your expectations from the Modi government?
We expect that the new government will operate fast with full confidence and increase productivity, strengthen the economy, create more employments, attract higher paid jobs from the world market. There should be a complete support for facilitating world-class
educational institutions and developing medical centres as the hub of medical tourism and as an economic instrument in view of the strong work force and capacity to deliver efficient but cheap medical facilities not only to the Indians but, to the foreigners who are already looking towards India. We hope that better days will come through these routes only.
What is your take on reduction in the price of the dollar?
It is very early to comment on the rupee-dollar relationship. However, unless we strengthen our manufacturing, increase exports and decrease dependence on imports, we must keep the value of a dollar between 55-60 rupees per dollar and at the same time, strengthen the manufacturing of goods particularly in communications, defence and others and develop alternative source of energy in order to stabilise our currency value.