Should finmin be run by FM or FIIs and foreign dalals?

Description

Why do the finance ministry and the PMO spend more time propitiating foreign investors when they contribute just about 10 percent of our savings?. It all started when a government proposal on multi-brand retail (aka Wal-Mart entry) was put on hold due to severe opposition from many political parties, including a major UPA coalition partner Trinamool Congress. There was a chorus of protest from the pink papers and metropolitan rootless wonders (MROWs), also called experts, regarding the government's inability to carry forward reforms. For most of these semi-literate economic experts, reform means allowing Wal-Mart into India. Wal-Mart and other global majors would have allocated huge sums of money to "educate" Indians about the benefits of such "reforms". Even Enron allocated nearly Rs 60 crore to educate us. Read more at: https://www.firstpost.com/business/should-finmin-be-run-by-fm-or-fiis-and-foreign-dalals-284928.html

Publication Date

23-4-2012

Publication Title

First Post

Publisher

Network 18 media conglomerate

Keywords

Financial management, Taxation, Tax havens, Foreign institutional investors, FIIs

Source Link URL

https://www.firstpost.com/business/should-finmin-be-run-by-fm-or-fiis-and-foreign-dalals-284928.html

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