12 Comments
Jun 18, 2022Liked by Anil Padmanabhan

Dear Anil,

A very appropriate conclusion to last week's article. Our country is ridden with so many problems, conflicts and controversies that I wonder if anything will ever be achieved in spite of the good intentions and steps taken by the government!!

The picture by Pradeep Padmanabhan is very unique. Photo of Ambedkar in a poor self employed person is very unusual!!

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Jun 15, 2022Liked by Anil Padmanabhan
Jun 13, 2022Liked by Anil Padmanabhan

Great follow up to last week's article Anil. For me the key sentence is "the idea of status quo has to be worn down. At present change is top down ". Yes it is a long battle ahead and "worn down " is the correct analysis of the reality; it is the required attitude. Secondly real change in such matters is always top down and fortunately Modi ji does not have any children; so he is an Indian who is able to lead by example.

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Jun 13, 2022Liked by Anil Padmanabhan

I keep telling people - every industry association would have a list of irritants ready - some of it will be lobbying for additional part of pie - but has any government engaged in a structured exercise ? They are partners afterall - and if the Govt / babus have a logic for some of the convoluted stuff we encounter when we run businesses - I would love to hear them articulate. The whole 'we removed 1000+ legislations' was a non starter - most of them were redundant legislations. Start afresh please. While laying out red carpet to the FDI/ FII treat your investors well - invest in a start up and you need a valuation from a CA and a class 1 merchant banker - why duplicate - either trust one of the professionals. If you invest directly in Gsecs from RBI direct, there is no indexing, but add a mutual fund wrapper - voila benefits flow in - inconsistencies galore.

That piece in Open on IAS entitlement is just too long without any substance - tell us what are the entitlements - file an RTI, tell us how the civil services are being evaluated better - what systems were changed post 2014 if any, how does the central govt plan to reduce the tyranny of distance when everything is centralised in delhi - even the latest centre for tribals was setup in delhi - so if there are no systematic changes and we are dependent of Mr. Modi to shakeup, this wont be lasting change right.

I am still long India, still hopeful, appreciate the small changes - but we are havent even warmed up for what is an ultra marathon !!!!

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Jun 13, 2022Liked by Anil Padmanabhan

1. Agree with New Law reforms & rules. Execution of same matters.!

Rule - Companies needs to be Law abiding. (Great).!

For eg.

Amazon has been ordered by NCLAT to uphold CCI order to pay penalty Rs.202 Cr for NOT providing full disclosure of info to the commission. Happy to see that it's being on it's way of execution.!

2. Attrition - Red tape - Colonial Inheritance is also a FACT till date from an Independance of India (75 Years).

Now it's time to appreciate a Worth Candidate (Start-up, Entrepreneur, Known Company, Administration, Directors & an Employee) while BALANCING whether an Investor is Domestic OR Foreigner OR whether it's kind of takeover, amalgamation etc.

Needs Stick to law which is in National Interest must be a priority. Of Course, Clarity & Transparency will increase. And It will made easy task to National Financial Reporting Authority.

3. A clear picture has been covered over here. (History, Obstacles/Battle, Gov's willingness to reform Law & Regime balancing National Interest).

Yes, Short Time Required.! In your words,

for Rank & File to fall in Line.!!

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