The cartoon showing Prime Minister Manmohan Singh watering the ‘plant of growth’ with reform measures (Oct. 6) is an apt portrayal of the UPA government’s agenda. The government is keen on introducing reform measures in quick succession. It expects the economy to get back on the growth path in no time.
Although the reform process started late, it is better late than never. The Companies Bill, enabling a more effective audit of government companies, is indeed one of the good highlights of this round of reform process. Other moves like opening the insurance and pension sectors to foreign investment will definitely help the economy get back to good shape. I hope Parliament will function during the winter session to pass the bills which are essential for the financial and social health of our country.
Lakhan Shah, Patna
I am happy to see the government at last ushering in economic reforms to put our economy back on higher growth path. But the benefits of the reforms will not reach the common man unless corruption is weeded out. The government should show the same interest in carrying out electoral reforms to clean up politics.
P.A. Saravana Perumal, Sullurpeta
Insurance is a social security arrangement wherein the insured pays a premium and the insurer agrees to pay for the loss arising out of unforeseen happenings. The premium collected from the insured is invested in nation-building activities.
But with the government permitting private players in the insurance sector, the concept of social security has taken a back seat. Raising the level of FDI in the insurance sector to 49 per cent is an anti-people move.
P. Viswanathan, Chennai
Keywords: India economic reforms