This is with reference to “Get the House sense’’ (Business Line, September 21). Convening a special session of Parliament by the ruling party to apprise the members of all the political parties regarding the benefits in the implementation of huge reforms such as 51 per cent in FDI retail, 10 per cent in single brand retail and 49 per cent in civil aviation with a view to reviving the economy is the right option.
This will be the right time for the ruling party to build a political consensus among bickering political parties fearing the harmful effects of the reforms.
The Government should also prove to the Members that the reforms initiated and to be introduced will certainly benefit the nation and its people, besides protecting the interests of the small retailers. It is only the question of taking the members of other political parties into confidence.
The need of the hour for the government is to work unitedly and with greater commitment. The Government has got a fresh chance to prove its mettle to win the lost confidence and goodwill of the people.
This refers to “How textile SMEs are mismanaged” (Business Line, September 21). Entry of big foreign players into the Indian market, due to globalisation, has posed problems for the local MSME industry. They have found it difficult to survive in a competitive environment. Though the Government has laid down guidelines, they were not implemented properly.
The Central and State governments should strengthen systems, by providing financial sops, training employees, and implementing the latest software so that the auditing process becomes easy. Most MSMEs do not adhere to the statutory payments regularly, which results in diversion of funds for personal use. This should be checked.