Financial Daily
from THE HINDU group of publications
Friday, January 05, 2001
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Financial Daily from THE HINDU group of publications Friday, January 05, 2001 |
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Letters
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Time to act
A. Jacob Sahayam, Karigiri
Inaugurating the 73rd annual session of the FICCI, the Prime Minister, Mr Atal Bihari Vajpayee, advised: ``Industry must change its ways'' (Business Line, December 17). But it is up to the Government to formulate policy changes and introduce modification
s in laws to improve the production process, raise quality and productivity and concentrate on research and development so that they are able to compete and sell quality products cheaper and ensure consumer satisfaction.
One of the reasons the banking and insurance industries were nationalised was because the managements were misusing the money collected by these institutions. Now that these sectors are being privatised, the Government must plug the loopholes to prevent
misuse.
The Government has to act. Why the delay in addressing and settling the postal employees problems, considering that it was informed of their intention to strike as far back as December 5? If the Government is serious about downsizing, why not start with
itself and be a model to others?
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Related links: Industry must change its ways: PM Comment on this article to BLFeedback@thehindu.co.in Send this article to Friends by E-Mail
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