Law & Order :

Law and Order varies across states and regions . implementing the National Manufacturing Policy under ‘ Make

There are districts affected by Maoist movements , border in India ’, has seen an allocation of ` 90 million for FY18 , an districts grappling with problems like insurgency , terrorism , increase of 170 % ( y-o-y ). The fund allocation for Promotion of trafficking etc . and also the political terrorism in the states like

Electronics and IT Hardware Manufacturing has also been

Uttar Pradesh . Notwithstanding such problems , India fares stepped up in the present Budget . These policy measures better in comparison to many of its neighbors . But this is not an indicate towards the government ’ s focus on strengthening the excuse and law and order situation has to be perfect and role of the manufacturing sector . absolute for safety and security for all .

The Budget announcements are favourable towards achieving the government ’ s agenda to transform India . These measures are critical building blocks towards transforming

India into a global manufacturing hub , empowering it with digitisation and heading towards clean energy for its sustainable development .

Bureaucratic Impediments :

No theory of governance would be intelligible unless it is seen in the context of its time . The

Government should work towards easing regulatory and bureaucratic impediments . The executive body in our country are found to have engaged in non- execution , partial execution , unjustified execution of government policies ,

Few things still remain the achilles heel to achieve the goal of

corruption and also making nexus with corrupt politicians .

realizing India as a manufacturing country .

They are the one on whom rests the progress of nation . They

Infrastructure :

The sector is highly responsible for propelling

need not be arrogant and demi-god like .

India ' s overall development . Though it enjoys intense focus

Tax burden Vs beneficiary :

The general disgruntlement

from Government for initiating policies that would ensure

among Indian taxpayers can be ascribed to two reasons . One ,

creation of world class infrastructure in the country , but it fall

poor quality of public services provided by governments , and

short of the world standard and responsible to increase the

large evasion of taxes by huge sections of the population in the

cost of the product leaving it unviable and un competitive .

informal economy , which puts the entire burden of public

Electricity :

Inadequate last mile connectivity is the main problem to supply electricity for all users . The country already has adequate generation and transmission capacity to meet the full demand . However it is no more a hidden fact that rampant corruption and politicization of this power product

services on the narrow base of law-abiding taxpayers . Now it is time when government should start observing welfare measure to the tax payers such pension and social security scheme to whom working in private sector enterprises . It would encourage other to follow .

has kept the foreign investors away .

Nevertheless , with all good and not too good intentions of the

Labor laws :

India ' s labour regulations are the most restrictive and complex in the world . The laws have constrained the growth of the formal manufacturing sector where these laws

government , we as common man of the nation need to join in national construction mission . Nation is not great unless there is a participation of each one of its citizen .

have their widest application . Better designed labour

regulations can attract more labour- intensive investment and create jobs for India ' s unemployed millions .

Enjoy Reading ELE Times .

Cost of Capital :

The average cost of equity capital in India is

around 15 per cent . It has increased over last 3-4 years and higher than most of the developed nations . The trend in the rising cost of capital in India is reverse to those in the

Devendra Kumar

Editor

developed countries . India has witnessed a significant rise in

devendra @ newdelhimedia . co . in