Top Rated Posts ....
Search

Modi Cut India’s Red Tape. Now He Hopes to Win Votes for His Work.

Posted By: Joshi on 14-05-2019 | 06:48:00Category: Political Videos, News


MUMBAI — A jeans maker saw his delivery costs cut by half when highway police stopped asking for bribes. An aluminum wire factory faced only three inspectors rather than 12 to keep its licenses. Big companies like Corning, the American fiber-optic cable business, found they could wield a new bankruptcy law to demand customers pay overdue bills.

Prime Minister Narendra Modi promised nearly five years ago to open India for business. Fitfully and sometimes painfully, his government has streamlined regulations, winnowed a famously antiquated bureaucracy and tackled corruption and tax evasion.

But cutting red tape has yet to translate into broad growth for this emerging economy, or spark much outside investment. Small and medium-sized businesses have struggled to keep up with the pace of the overhaul. Some, which seldom paid taxes before, went bankrupt. Civil servants stumbled repeatedly in efforts to turn Mr. Modi’s abruptly issued policies into simple-to-follow standards.

Now, as 900 million Indians go to the polls, Mr. Modi has to convince voters to stay the course and that his reforms — unconventional to many — are taking root. As the campaign between his Bharatiya Janata Party and the opposition Congress Party heats up, Mr. Modi faces an opponent, Rahul Gandhi, who contends that the prime minister has disrupted a functioning economy and caused job losses.

Comments...
Advertisement


Follow on Twitter

Popular Posts
Bani PTI Jald Jail Se Bahar Hon Ge

Bani PTI Jald Jail Se Bahar Hon Ge

Views 34 | 24-03-2024
Zia Ul Hassan Lanjar Big Statement

Zia Ul Hassan Lanjar Big Statement

Views 23 | 26-03-2024
MQM Ki Warning... Badi Breaking

MQM Ki Warning... Badi Breaking

Views 22 | 28-03-2024
Your feedback is important for us, contact us for any queries.