After a lull, we have heard some announcements on economic reforms in India. It is planned that utility services in new smart cities be handled by private operators. While the decision is welcome, care should be taken that there is multiple service provider for each of the services in each such smart City. This will provide additional avenues for business to Indians, who park their idle money in non-productive assets like land and gold. Further, competition among service providers will insure efficient services at right prices.
Further, there is amendment in Coal Mines Act to enable the allotment of coal mining for commercial purposes. It is high time, Private Companies give fair competition to Coal India for providing adequate coal to our industry. Coal India can also separately list its subsidiaries to insure competition among them.
Our Govt. has also initiated discussions and dialogues for raising the rank of India to 50 from 134 at present for ease of doing business. It can certainly be done with change in mindset. We need to respect the entrepreneur and his capital. He also needs protection of his capital and should not be at the receiving end, in case his license is cancelled. We must take into consideration his investments before taking any call. If we become business friendly, more and more people will join business providing fair competition. This will spur the research, innovation and ultimately reduce the cost of goods and services.
Further, there is amendment in Coal Mines Act to enable the allotment of coal mining for commercial purposes. It is high time, Private Companies give fair competition to Coal India for providing adequate coal to our industry. Coal India can also separately list its subsidiaries to insure competition among them.
Our Govt. has also initiated discussions and dialogues for raising the rank of India to 50 from 134 at present for ease of doing business. It can certainly be done with change in mindset. We need to respect the entrepreneur and his capital. He also needs protection of his capital and should not be at the receiving end, in case his license is cancelled. We must take into consideration his investments before taking any call. If we become business friendly, more and more people will join business providing fair competition. This will spur the research, innovation and ultimately reduce the cost of goods and services.
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