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Scientists’ responsibility to society Happening Haryana We pull each other down needlessly... What’s the fallout for 2014? From Father India to Mother India ‘Big ideas’ of Modi… One down, one to go Breakthrough Budget A spectacular Shanghai show Demonnetisation or demonisation? AKKINENI NAGESWARA RAO Brilliant Saeed Saab Vibrant show by corporates The national power grid at last! Ooh la la... Hey, CAs. Be more vigilant. 250 days of Modi government JAM – Jan Dhan, Aadhaar and Mobile Less government, better governance… Guzarathukars and Palkarars of Erode... The helpless voter Service or dis-service Matchless at 70 It is attracting investments, stupid! Whose money is it anyway? Mysuru – India’s cleanest city India Inc excited about Modi’s elevation Netherlands to join India in Make India campaign and Smart City projects Speed up the railways Science diplomacy: bridge the world through science Foreign Investors’ get major relief from RBI Union Budget: Voices Business wanted Modi as PM. It’s time to back up. No lessons learnt Spate of disinvestments by private sector too! Case for phasing out LPG subsidy... The religion named Football In paper? Or in action? Electricity finance reform at last Selective lobby session with Jaitley... Take a cue from western partners
 
India Inc excited about Modi’s elevation

It is perhaps Corporate India’s finest hour that a pro-reforms, pro-progress and pro-business candidate has been elevated to the Prime Minister’s office.

Its an open secret that leading business houses from Gujarat including the Ambanis and the Adanis, besides various trade bodies had all pinned their hopes on a Modi victory. They expect the regime to reverse the policy paralysis at the Centre and kick-start production in the manufacturing sector besides checking inflation, fiscal deficit and substantially reducing capital account deficit.

Hopes are riding high in the corporate sector, on the budget that the Modi government is likely to present in July first week.

 “Modi’s government will simplify tax rules, bring transparency in government procedures and reduce corruption in interactions between citizens and government departments,” said Sanjeev Sanyal, Deutsche Bank AG’s global strategist.

Investors are convinced that Modi can be a ‘mover and shaker’ of the Indian economic scene. Stock market indices were up on the results day in anticipation of a Modi wave. The new regime’s supply side measures will take at least one and half years to come up with results. Foreign investors had moved in US $ 16 million in a six month period prior to the election to swell portfolio investments to US $ 240 million.

Modi is equally aware that he has to manage expectations of the corporate sector, needs of the poorer sections of society and the rising aspirations of the younger generation which forms the future of the country. He is not likely to disappoint, given his 12 year positive track record in Gujarat; now touted as the Gujarat model of development.  

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